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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
23-08-2022

German Gas Levy Could Change as Soon as This Winter -Newspaper
A gas levy on German consumers meant to help utilities cover the cost of replacing Russian supplies could change as soon as this winter, the managing director of German gas market operator Trading Hub Europe (THE) told the Rheinische Post newspaper.
Crude Oil
23-08-2022

U.S. Crude in SPR Hits Lowest Level Since January 1985
U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, according to data from the Department of Energy.
Oil Refinery
23-08-2022

Venezuela’s Second Largest Refinery Resumes Gasoline Production
Venezuela's state oil and gas company PDVSA has restarted gasoline production at the country's second largest refinery after repairing a breakdown.
Oil Price
23-08-2022

Big Tech Is Under Pressure to Turn Its Back on Big Oil
Big Tech has come under fire for helping Big Oil produce more oil, a move that appears to go counter to the promises tech companies have made about reducing emissions.
LNG
23-08-2022

Canada Exploring Feasibility of Direct LNG Exports to Europe -PM Trudeau
Canada is exploring ways to see if there is a business case to export liquefied natural gas (LNG) directly to Europe from its east coast, Prime Minister Justin Trudeau said on Monday.
Oil Price
23-08-2022

Oil Prices Rise After Saudi Says OPEC Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
Natural Gas
23-08-2022

Russia to Close Nord Stream 1 Taps for Three Days
Gazprom has said the gas supply will be ceased due to a “three-day servicing” in a “preventive maintenance period”
LNG
23-08-2022

The World’s Biggest LNG Exporter Has a Pipeline Problem
The energy crisis in Europe has helped the United States position itself as the world’s largest LNG exporter.
LNG
22-08-2022

U.S. Industrial Gas Producer Air Products Exits Russian Business
U.S. company Air Products and Chemicals, Inc. (APCI), the world's leading provider of technology for processing liquefied natural gas (LNG) and associated equipment, has exited its Russian assets.
Oil Price
22-08-2022

Oil Has Become Too Volatile for Traders
Hedge funds are pulling out of oil as price volatility becomes excessive.
LNG
22-08-2022

Ukraine’s Naftogaz Backs Scholz’s Bid for Canadian LNG Ahead of Trip
Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russian gas imports from an unexpected ally: Ukrainian state-owned gas company Naftogaz.
Natural Gas
22-08-2022

Italian Manufacturers Cut Output to Save Energy, Government Official Says
Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top official at the ecological transition ministry said on Sunday.
Natural Gas
22-08-2022

Gas Prices Are Down, but Biden’s Problem at the Pump Isn’t Going Away
As the White House publicly promotes falling gas prices, behind the scenes, officials worry prices could rise again as they keep looking for ways to get more oil on the market.
Oil Field
22-08-2022

How Norway Can Expand Its Oil Industry and Reduce Emissions
Norway is aiming to cut its emissions by 55 percent from 1990 levels by the end of the decade, an ambitious target for the world’s 13th largest oil-producing nation.
LNG
22-08-2022

Japan's Mitsui Nears Decision to Join New Sakhalin-2 Operator, Nikkei Reports
The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru HanaiJapanese trading firm Mitsui & Co is close to making a final decision to join a new Russian operator for the Sakhalin-2 liquefied natura
Oil Refinery
22-08-2022

Shell Cuts Output at German Refinery as Rhine Is Drying up
The company has cited the “low water level” of Rhine as the reason for its decision
Natural Gas
18-08-2022

Germany Likely to Miss Gas Storage Targets, Warns Energy Regulator
Germany is likely to miss a November target for gas storage levels set by the government to avoid an energy crisis.
Natural Gas
18-08-2022

Germany Will Have Less Than 3 Months of Gas if Russia Halts Supply
Germany's energy regulator: Germany will only have enough natural gas to cover two and a half months of consumption this winter if Russia completely suspends deliveries.
Oil Price
18-08-2022

Oil Prices Ease as Russia Output Increases
Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.
Natural Gas
18-08-2022

Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis
Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.
Crude Oil
18-08-2022

U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with mergers and acquisitions contributing most of the recent gain.
Natural Gas
18-08-2022

Europe Says ‘No’ to VAT Exemption on German Gas Levy
All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.
Germany
17-08-2022

Europe’s Power Prices Surge to New Record
Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on Tuesday
Crude Oil
17-08-2022

Latin America’s Crude Exports Drop In August
Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July
Crude Oil
17-08-2022

More U.S. Sour Crude Heads to Germany to Replace Russia Oil
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as European refiners test potential replacements for Russian oil.

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