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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
29-03-2022

Ukraine Crisis: Why India Is Buying More Russian Oil
Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports from the country.
OPEC
29-03-2022

Russia Will ‘Always’ Be a Part of OPEC+, UAE Energy Minister Says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine.
28-03-2022

Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Crude Oil
28-03-2022

U.S. Oil Exports Surge, Drawing Crude away From Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast.
LNG
28-03-2022

Latvia Mulls Options for Its Own LNG Terminal
Investors from the United States and the Middle East are among at least four groups expressing an interest in construction of a Liquefied Natural Gas (LNG) terminal in Latvia.
Crude Oil
28-03-2022

EU Steps back From Impractical Russia Oil Embargo
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become clear.
Natural Gas
28-03-2022

Will Importers Cave into Putin’s Gas for Rubles Demand?
Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply.
United Kingdom
28-03-2022

Industry Body Says Offshore Fields Can Support 40% of UK’s Gas Consumption
The UK’s offshore fields can support around 40% of the country’s gas consumption and two-thirds of its oil consumption over the next two years.
Oil Price
28-03-2022

Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
United States
27-03-2022

Why Gas Prices Have Soared in America
Why gas prices are high even though the U.S. doesn't depend on Russia for oil?
Ukraine
27-03-2022

Ukraine Impact on Energy Prices to Force UK Slowdown
Britain’s economic growth is expected to slow down as the Ukraine conflict raises the cost of energy and commodity prices.
LNG
26-03-2022

RWE Plans Ammonia Plant at LNG Terminal Site in Germany
RWE is to build an ammonia plant at the site in Germany where it is previously announced plans for the country’s first liquefied natural gas (LNG) terminal.
LNG
26-03-2022

EU Strikes Gas Deal with the U.S. as It Seeks to Cut Its Reliance on Russia
U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukraine and the EU for next winter and the following one.
LNG
25-03-2022

U.S. to Supply 15 bcm of Additional LNG to Europe in 2022
The United States will work to ensure it supplies 15 billion cubic metres (bcm) of liquified natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off Russian gas supplies, according to a document seen by Reuters.
Oil Price
25-03-2022

IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'
The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's military offensive in Ukraine.
United States
25-03-2022

US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion of Ukraine, shipping data showed.
Russian Federation
25-03-2022

Russia's Energy Chief Says It Would Accept Bitcoin for Oil and Gas
The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin.
Oil Refinery
25-03-2022

Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery.
LNG
25-03-2022

EU Clinches U.S. LNG Deal, Brushes off Russian Rouble Demand
The European Union and United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG).
Crude Oil
24-03-2022

Middle East Crude Grades Feel the Pressure as Russian Urals Head to Asia
Buying interest among Asian refiners for some medium sour Middle East crude grades loading in May has weakened as cheaper Russian Urals crude cargoes increasingly begin to find homes in the region.
LNG
24-03-2022

Asian Gas Buyers Buzzle over Putin's Demand for Payment in Roubles
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said "unfriendly" countries must pay for Russian gas in roubles, in the latest jolt to global energy markets after Moscow's invasion of Ukraine.
Natural Gas
24-03-2022

Indonesia’s Deep-Waters Attract Explorers, Including BP and Harbour
Harbour Energy is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year.
Natural Gas
24-03-2022

Destroy Demand or Boost Supply? Australia Shows Natural Gas Dilemma
In dealing with a tight natural gas market, is it best to boost supply or instigate demand destruction?
Ukraine
24-03-2022

Ukrainian Coalition Calls for Embargo on Russian Energy
Some of the biggest energy companies in Ukraine have urged Western companies to stop buying energy from Russia.
Natural Gas
24-03-2022

European Energy Prices Soar as Russia Seeks Rubles for Its Gas
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”

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