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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Price
09-03-2022
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tensions in Europe between Russia and Ukraine.
Oil Price
09-03-2022
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even as he said there will be no shortage of crude oil in the country.
Oil Price
09-03-2022
No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks
The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said
Natural Gas
09-03-2022
How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year
The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasion of Ukraine.
Crude Oil
09-03-2022
U.S. Sanctions on Russian Oil to Leave More Cargoes at Sea with No Buyers
The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers.
Gas Turbine
08-03-2022
GE Turbines Will Power New 2-GW Gas-Fired Plant in China
A new 2-GW natural gas-fired power plant in China, being built to support the coming retirement of a large regional coal-fired complex, will feature three GE 9HA.01 gas turbines.
Natural Gas
08-03-2022
Russian Gas Continues to Flow into Europe on Main Pipeline Routes
Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine remained at recent high levels, pipeline operator data showed.
Natural Gas
08-03-2022
Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine
Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.
Oil Price
08-03-2022
Petrol, Diesel Price Hikes may Restart from Next Week
Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil prices soaring past USD 100 a barrel.
Oil Price
08-03-2022
Russia Warns West of $300 per Barrel Oil, Cuts in EU Gas Supply
Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia
Oil Price
08-03-2022
Fuel Prices on Saipan up 20 Cents
FUEL prices on Saipan went up by 20 cents on Friday and Saturday as the Russian invasion of Ukraine continues to spook global markets.
Crude Oil
08-03-2022
Shell to Buy Russian Crude and Use Profits to Help Ukraine
Shell, Europe’s largest oil company, said Saturday that it would probably continue to buy Russian crude oil to feed into its refineries and supply customers with gasoline and diesel but would donate any profits to a fund
Oil Shale
08-03-2022
U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal
U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.
Oil Shale
08-03-2022
OPEC Meet with U.S. Shale Executives at U.S. Energy Conference as Oil Prices Skyrocket
Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy conference as energy prices soared over supply concerns.
Oil Price
08-03-2022
Want Lower Oil Prices? First You Need Higher Ones
There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to impede crude prices from their relentless surge.
Oil Price
08-03-2022
Vitol’s Muller Says High Oil Prices may Lead to Demand Destruction
High oil prices are likely to lead to demand destruction amid a scarcity of crude and little spare capacity globally as the disruption to energy supplies from Russia
Oil & Gas Supply
08-03-2022
Alberta Oil can be a Solution to U.S. Energy Supply Crunch
Alberta, Canada’s main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savage, said on Sunday.
Oil Price
08-03-2022
ADNOC’s Murban Cude OSP Rises to $93.99/b for April as Market Tightens
Abu Dhabi National Oil Co. hiked the April official selling price for its flagship Murban crude oil by more than 10% from March, with Middle East crudes seeing greater demand as traders seek alternatives to Russian barrels.
Oil & Gas Trade
08-03-2022
US and Europe Discuss Plans to Ban Russian Oil Imports, Blinken Says
US Secretary of State Antony Blinken is in Europe to co-ordinate with allies against Russia's military offensive in Ukraine. APThe US and European partners are exploring a ban on Russian oil imports, US Secretary of State Antony Blinken said on Su
Natural Gas
08-03-2022
How Europe Can Reduce Its Dependence on Russian Natural Gas
Europe’s dependence on natural gas from Russia has given President Vladimir Putin leverage over the European Union, making it hard to impose energy sanctions on the country as punishment for its invasion of Ukraine.
Oil & Gas Trade
08-03-2022
US Officials Reportedly Visit Venezuela to Discuss Easing Oil Sanctions
Highest-level talks in years yield little progress as politicians look to further isolate Russia
Oil Field
08-03-2022
Adnoc Awards $227m Contract for Enhanced Recovery at Bab Oilfield
The deal will help to boost recoverable reserves by up to 70% and will unlock additional barrels of Murban crude
Oil Price
08-03-2022
OPEC Has No Control over Events Roiling Global Oil Markets
OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Russian supply, OPEC Secretary General Mohammad Barkindo said on Monday.
Natural Gas
08-03-2022
EU Says Independence From Russian Gas Is Possible Within Years
The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief said on Monday.
Natural Gas
07-03-2022
Average Gas Price in New Hampshire Above $4 per Gallon
Granite Staters are now paying an average of more than $4 a gallon for gas for the first time in more than a decade.
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