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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

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.”
LNG
24-03-2022

EU Seeks Answers to Energy Supply Crunch, U.S. LNG Deal
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer against supply shocks.
Poland
23-03-2022

Poles Urge EU to Stick with Gas as a Transition Fuel in District Heating
Poland’s largest electricity company, PGE, has asked EU regulators for more time to replace coal with gas in district heating systems.
Natural Gas
23-03-2022

Russian Gas Flows to Europe Dip Slightly
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.
Russian Federation
23-03-2022

TotalEnergies to Halt Russian Oil Purchases by the End of 2022
TotalEnergies has announced it will stop purchasing oil and petroleum products from Russia as soon as possible and by the end of 2022 at the latest.
Oil Price
23-03-2022

Oil Prices Resume Climb After U.S. Stockpiles Drop in Tight Market
Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell last week.
China
22-03-2022

COOEC Rolls out Asia’s Largest Offshore Jacket
Jacket constructed at COOEC’s Zhuhai facility is destined for the Lufeng oil complex in the South China Sea.
Crude Oil
22-03-2022

Japans' ENEOS Has No Plans to Sign Russian Crude Import Deals Following Invasion: Chairman
Japan's largest refiner ENEOS does not plan to sign any Russian crude oil import contracts following Russia's invasion of Ukraine, ENEOS Holdings Chairman Tsutomu Sugimori said March 22.
Oil Price
22-03-2022

Oil Approaches $120 as EU Considers Ban on Russian Crude
Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global energy supplies.
Crude Oil
22-03-2022

Oil Advances as EU Debates Possible Ban on Russian Crude Imports
Oil climbed for a fourth day, heading for the best run in a month, on signs the European Union may be edging closer to a ban on Russian crude imports to punish Moscow for its invasion of Ukraine.
LNG
22-03-2022

France Says Ban On Russian Energy Can’t Be Ruled Out
France sees a potential ban on imports of Russian energy into the EU as an option, its Economy and Finance Minister Bruno Le Maire said over the weekend, adding that sanctions are hurting Russia and Vladimir Putin.
Oil Price
21-03-2022

India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?
India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move could upset its trading partners in the West.
Oil Price
21-03-2022

Oil Jumps as EU Weighs Russian Embargo
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters.
LNG
21-03-2022

LNG Projects in the Gulf of Mexico Boosted as Russian Gas Alternative
Two years ago, the American liquified natural gas (LNG) company Tellurian was in free fall: Its stock price collapsed, it laid off 40 percent of its staff, and suspended a key project in Louisiana.
Joe Biden
21-03-2022

Amid Global Energy Squeeze, Biden Looks to Iran but Not Israel
Russia's invasion of Ukraine has thrown the global energy market into a state of turmoil, forcing the U.S. and Europe to look for substitutes for Russian oil and gas.
Oil Price
21-03-2022

Oil Settles Volatile Week Below US$105
In the past week, the price of US crude oil, which briefly topped US$130 a barrel amid concerns that the conflict in Ukraine will squeeze energy markets, eased briefly below US$94 a barrel on Wednesday and has since been hovering below US$110 a barrel.
Oil & Gas Supply
21-03-2022

German Gas Supply Concerns Mount for Coming Winter
Germany, which relies heavily on Russian gas, has major concerns over securing supplies for next winter and is doing all it can to secure alternatives, Minister for Economic Affairs Robert
Oil & Gas Supply
21-03-2022

IEA Unveils 10-Point Plan to Cut Oil Supply Crunch
The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions included in the 10-Point Plan
Natural Gas
21-03-2022

Gas Prices Decline Around Nation Amid Falling Oil Prices
Gas prices have declined amid falling oil prices after climbing to new all-time record levels in New Jersey and around the nation in the wake of Russia’s invasion of Ukraine.
Oil Price
21-03-2022

Diesel Price for Bulk Esers Hiked Rs 25/litre; Private Retailers Stare at Closure
Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers.

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