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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

Oil & Gas Trade
07-03-2022

Hundreds of NGOs Call for Import Ban on Russian Oil, Gas
Hundreds of civil society groups and NGOs Friday called on governments worldwide to "reject and ban any import of fossil fuels from Russia" in order to cut off the main source of revenue for Vladimir Putin's invasion of Ukraine.
Crude Oil
07-03-2022

Elon Musk: “We Need to Increase Oil & Gas Output Immediately”
Elon Musk, CEO of Tesla, has shared some thoughts on Twitter about the current situation with oil and gas and Russia.
Oil Price
07-03-2022

U.S. Gasoline Prices Soar to Highest Since 2008 on Russia Conflict
U.S. gasoline prices at the pump jumped 11% over the past week to the highest since late July 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday.
Crude Oil
06-03-2022

Shell Defends 'Difficult' Decision to Buy Russian Crude Oil
Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine.
LNG
05-03-2022

Ukraine Will Import Gas From Poland From March 6
Ukraine from March 6 will be able to import gas from Poland, including gas from Polish LNG terminals, Ukrainian state-run gas transit system operator said on Saturday.The two transit operators agreed on the introduction of guaranteed capacity for gas impo
Crude Oil
05-03-2022

Treasury Department Assures Wall Street It Can Still Trade Russian Oil and Gas
The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.
Natural Gas
04-03-2022

Space Heating Without Oil, Gas Feasible in Germany by 2035, Says Study
Europe’s declining security situation and rising fossil fuel prices are driving calls for independence from gas.
Natural Gas
04-03-2022

Ukraine Is Stopping Exports, but Not Transit of Natural Gas
Ukraine has stopped exporting natural gas since midnight, the Ukrainian news agency Ukrinform reported, citing a statement from the Ukrainian gas operator.
Natural Gas
04-03-2022

Russia: Gas Pipeline to China Still Proceeding
Russia’s Gazprom said it is still actively working on the Soyuz Vostok pipeline that would ship natural gas to Mongolia.During a working meeting between Alexei Miller, chairman of the Gazprom Management Committee, and S. Amarsaikhan, deputy prim
Crude Oil
04-03-2022

Japan to Release 7.5 Mil Barrels Oil From Private Reserves in IEA's Joint Efforts
Japan expects to release 7.5 million barrels of oil from privately held reserves.
Oil Price
04-03-2022

Petrol, Diesel Price Hikes Expected to Restart from Next Week
Petrol and diesel price hikes are likely to resume after state elections get over next week to bridge the Rs 9 a litre gap created by international oil prices soaring past USD 100 a barrel.
Natural Gas
04-03-2022

No Challenge in Selling from Russian Oilfields, Says ONGC
Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that are aimed at non-energy sectors.
Natural Gas
04-03-2022

L.A. Gas Price Average Surges Past $5, a Record High
Ellina Abovian reports for the KTLA 5 Morning News at 11 on March 3, 2022.
Natural Gas
04-03-2022

Gas Prices in Europe Hit Record High Amid Supply Concerns
The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221.
Natural Gas
04-03-2022

New Pipelines Carrying Natural Gas Plant Liquids Increase Natural Gas Processing
Several of these recent infrastructure projects were dedicated to transporting a mix of natural gas plant liquids (NGPLs), which are produced at natural gas processing plants from raw natural gas streams.
LNG
04-03-2022

Japan’s Niihama LNG Terminal Starts Operations
Japanese joint venture Niihama LNG has launched terminal operations, starting with an LNG delivery to Japanese firm Sumitomo Chemical for use as a feedstock and an in-house generation fuel at its Ehime power plant in the western Setouchi region.
Crude Oil
04-03-2022

Clean Energy Broke Records in 2021 but Still Can’t Catch up with Oil and Gas
The US is way off track from meeting clean energy goals.
Crude Oil
04-03-2022

Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intelligence firm Rystad Energy shows.
Crude Oil
04-03-2022

Russia’s Oil Exports Are Plunging Even Without Sanctions
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are reluctant to do business with Russia.
Natural Gas
04-03-2022

Brazil 2021 Gas Demand up 29pc as Thermal Jumps
Brazil's domestic natural gas consumption rose last year by 29pc, boosted by the expansion of thermal power generation, according to data from Brazilian gas distributors association Abegas.
Natural Gas
04-03-2022

Russian Gas Via Yamal Pipeline Halts Flows to Germany
Natural gas flows from Russia to Germany via the Yamal pipeline stopped in the westward direction on Thursday, according to data from the Gascade pipeline operator cited by Reuters.
Natural Gas
03-03-2022

European Gas Rally Continues with Focus on Sanctions on Russia
European natural gas surged for a fourth day as the market continues to focus on sanctions on Russia in response to its invasion of Ukraine.
United Kingdom
03-03-2022

Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year
Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall Insight now predicting the cap will rise in October to over £2,900 a year for an average user.
United Kingdom
03-03-2022

Energy Costs Extremely Volatile After Russia Invades Ukraine
Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb to 24 Feb - only to fall again on 25 Feb, before rebounding on 28 Feb.
Crude Oil
03-03-2022

U.S. Crude Oil Production Unchanged Last Week: EIA
U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information Administration (EIA) said Wednesday.

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