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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Price
14-03-2022
Oil Prices Fall, Continuing Downward Trend From Last Week
Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.
Crude Oil
12-03-2022
Countries and Companies Shun Russian Crude over Ukraine Invasion
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's invasion of Ukraine and voluntary actions by buyers starting to bite.
LNG
11-03-2022
EIA: US Weekly LNG Exports Down by One
The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week.
LNG
11-03-2022
Worley to Pull out of Russia over Ukraine Invasion
Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.
Oil Price
11-03-2022
Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and complicating the fight against inflation in the United States.
Crude Oil
11-03-2022
What the Bans on Russian Fossil Fuels Actually Mean
Prices are up—but so is the pressure to switch to electric everything.
Saudi Arabia
11-03-2022
Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.
Oil&Gas Drilling
11-03-2022
Ukraine-Russia Conflict Could Impact Vietnam Oil Drilling
PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.
Crude Oil
11-03-2022
Eni Suspends Russia Oil Purchase over Ukraine Invasion
Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.
Oil & Gas Supply
11-03-2022
Iraq's Oil Supply Compatible with Global Demand
Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.
OPEC
11-03-2022
G7 Energy Ministers Call on OPEC to Play 'Key Role' in Boosting Oil Supplies
G7 energy ministers on March 10 called on OPEC to "play a key role" in boosting oil supplies to international markets where production is not meeting full capacity.
Joe Biden
11-03-2022
$4 Gasoline Could Lead to Demand Destruction in the U.S.
More than half of all Americans said they would change their driving habits or lifestyle if the cost of gasoline rose to $4 per gallon, new AAA survey data shows.
Crude Oil
11-03-2022
Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural resources minister said on Thursday.
Crude Oil
11-03-2022
Biden Walks Tightrope Between Need for Oil and Push to Go Green
With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to clean energy, while seeking to ramp up petroleum production.
Crude Oil
11-03-2022
Ukraine Crisis Provides 'Renewed Focus' on Gulf Hydrocarbons
Saudi Arabia, Qatar and UAE are all set to capitalise on the realignment of global energy and Europe's diversification of Russian energy supplies.
Crude Oil
11-03-2022
Norway's Equinor Halts Trading Russian Oil
Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executive Anders Opedal said on Thursday.
Oil Price
11-03-2022
Oil Extends Losses; Russia to Fulfil Supply Contracts
Oil extends losses by nearly 2% after 13% plunge on Wednesday. Russia pledges to fulfil contractual obligations
Oil Price
10-03-2022
Oil Futures: Brent Rebounds amid OPEC+ Output Uncertainty, Above $ 115/b
Crude oil futures in early European trading hours Thursday were trending higher as markets stabilized after the previous session's huge price retreat, which came after several measures to make up for lost Russian output were suggested.
Oil Price
10-03-2022
EIA Hikes Oil Price Forecast To $105 This Year
The Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO), significantly raising its February forecast of $82.87 after Russia’s war in Ukraine tightened further an already tight oil market.
Oil Exploration
10-03-2022
PM of Barbados Defends Country’s Oil and Gas Exploration
Prime Minister Mia Mottley has defended Barbados’ plans to resume fossil fuel exploration off its coast, saying that developing nations deserved “equity” and needed the revenue from oil and gas sales to finance the shift to clean energy.
Oil Exploration
10-03-2022
ONGC Conducts Seismic Surveys in Tripura to Identify Oil Reserves
ONGC started drilling in Tripura back in 1962. The national oil and gas explorer was awarded acreages at Central Baramura, Aramura Bulge, Tichna and Khubal areas of the state.
Natural Gas
10-03-2022
U.S. Natural Gas Little Changed as Rising Demand Offsets Global Price Drop
U.S. natural gas futures were little changed on Wednesday as forecasts for more U.S. heating demand next week slowed the U.S. market following a massive drop in global gas and oil prices.
Oil & Gas Supply
10-03-2022
European Oil and Gas Majors’ Exposure to Russia Is Limited
European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings says.
Oil & Gas Supply
10-03-2022
OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia
The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for energy depoliticization.
Crude Oil
10-03-2022
Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans.
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