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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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.
Oil Exploration
21-03-2022
Proceeds of Oil and Petroleum Exploration to be Equally Divided Between States in DAB
Chief Minister of Assam has positively indicated for equally dividing the proceeds of Petroleum and Oil exploration and extraction between the two states in sectors A, B & C in the Disputed Area Belt (DAB) area
Joe Biden
21-03-2022
EU to Mull Russian Oil Embargo with Biden Set to Join Talks
EU governments will consider whether to impose an oil embargo on Russia over its invasion of Ukraine as they gather this week with Joe Biden for a series of summits designed to harden the West’s response to Moscow.
Oil Price
21-03-2022
Oil Climbs on Pressure From Ukraine Conflict, Tight Market
Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their allotted quotas under a supply agreement.
Natural Gas
21-03-2022
Shell Cleared to Restart Prelude FLNG
Shell has been given the green light to resume operations at its Prelude floating liquefied natural gas (FLNG) facility offshore Western Australia after an incident in December last year.
LNG
21-03-2022
Germany in Talks with Qatar on Long-Term Gas Supplies to Reduce Russian Dependence
Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe's biggest economy seeks to become less dependent on Russian energy sources.
Oil & Gas Supply
19-03-2022
Europe Can Survive Throughout Summer Without Russian Gas
If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.
Crude Oil
18-03-2022
National Daily Oil Output Totals 684,100 Barrels
Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.
Crude Oil
18-03-2022
Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets
Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed Thursday to bolster cooperation on stabilizing global crude oil markets after Russia’s invasion of Ukraine sent prices surging.
Crude Oil
18-03-2022
Indian Purchase of Russian Oil not Violation of Sanctions: US
The White House has said that India would not be violating sanctions if it purchased discounted oil from Russia but doing so would put New Delhi on the wrong side of history.
LNG
18-03-2022
Bangladesh to Get more LNG Supply in Summer
The world's leading LNG (liquefied natural gas) producer Qatargas has agreed to re-schedule its LNG cargo-delivery plan for Bangladesh to boost the fuel supplies during summer by slashing winter deliveries.
Crude Oil
18-03-2022
India Buys Russian Oil Despite Pressure for Sanctions
The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
Oil Price
18-03-2022
Oil Jumps as Russia-Ukraine Talks Stall
Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply.
Crude Oil
18-03-2022
Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%
Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the threat to Russia's oil supplies.
Crude Oil
18-03-2022
PSU Refiners Stock up on Cheap Russian Crude
India's state-run refiners are buying several million barrels of the Russian crude that's selling at a deep discount due to Western sanctions.
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PH, China reopen oil exploration talks
