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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil & Gas Supply
03-03-2022
OPEC+ Makes Modest Supply Hike as Russia Turmoil Lifts Price
OPEC and its allies agreed another modest revival in supplies for April at a low-key meeting that was overshadowed by the market turmoil unleashed by Russia’s invasion of Ukraine.
LNG
03-03-2022
Italy Halts Funding for $21 Billion Arctic LNG 2 Project
Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy projects, even absent of energy-related sanctions.
Natural Gas
03-03-2022
Europe Can Survive Next Winter Without Russian Gas
Russia’s invasion of Ukraine has highlighted the need for Europe to improve its energy security by reducing its reliance on Russian gas.
Oil Price
03-03-2022
OPEC+ Faces Reckoning on Russia Despite Efforts to Ignore Crisis
OPEC+ is doing its best to ignore the war started by one of its leading members, but it may not be able to manage it for much longer.
Oil Price
03-03-2022
Oil Soars as Emergency Crude Release Fails to Quell Supply Fears
Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.
Oil Price
03-03-2022
U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
The United States is open to imposing sanctions on Russia's oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesday as oil prices surged to an 11-year high and supply disruptions mounted.
Oil & Gas Supply
02-03-2022
ADX Energy Increases Austrian Oil and Gas Production
Europe-focused ADX Energy has increased oil and gas output from its Gaiselberg and Zistersdorf fields by 25 per cent in the Vienna Basin, Austria.
Oil & Gas Trade
02-03-2022
Angola Crude Oil Exports Increased by 3% During Q4 2021
The Republic of Angola, sub-Saharan Africa’s second-largest crude producer, saw an increase of 3% in crude oil exports
Oil Price
02-03-2022
UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre
The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due to Ukraine-Russia military conflict.
Oil Price
02-03-2022
Idaho Gas Prices Hold Steady, but the National Average is Soaring
Russia’s invasion of Ukraine is already having far reaching effects, bringing another wave of higher crude oil prices and sending the national average price of gasoline soaring.
Natural Gas
02-03-2022
Gas Prices Rise in Lehigh Valley
Taylor Family Fuel and Mini Marts is a gas station and convenience store located at 309 S New St. Lehigh Valley gas prices have been rising as the demand for oil increases.
Crude Oil
02-03-2022
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “send a unified and strong message” to global markets
Crude Oil
02-03-2022
Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs
Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.
Natural Gas
02-03-2022
New Realms for Gas Power Technology
Gas power technology developers are exploring new roles and applications to ensure gas power will remain relevant as power markets embrace decarbonization.
Natural Gas
02-03-2022
U.S. Natural Gas Key to Mexico’s Power Buildout
Mexico wants to secure a greater supply of natural gas, including from the U.S., as the country continues to build more gas-fired power plants.
Nord Stream 2
02-03-2022
ExxonMobil Joins Western Oil and Gas Company Exodus From Russia
US supermajor to start process of discontinuing operations at the Sakhalin-1 project in response to Russia's invasion of Ukraine.
Nord Stream 2
02-03-2022
Nord Stream 2 Owner Considers Insolvency After Pipeline Halt and Sanctions
The Swiss-based company that built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, sources said, as it tries to settle claims before a US sanction deadline for other entities to stop dealing with it.
Oil Price
02-03-2022
Oil Prices Surge More Than 7% to Highest Since 2014
Members of the International Energy Agency (IEA) agreed to release 60 million barrels of crude from their reserves to try to quell the sharp increase in prices that pushed major benchmarks past US$100 (RM419) a barrel.
Crude Oil
01-03-2022
Oil Production from Northeast India Expected at 6.85 mt in 4 years: HS Puri
The petroleum sector to play a crucial role in the North East region’s industrial growth.
Crude Oil
01-03-2022
U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA
U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels per day (bpd).
01-03-2022
GECF Launches Global Gas Outlook 2050
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, today publicly unveiled its annual GECF Global Gas Outlook 2050 (Outlook), a comprehensive report on the status of natural gas up to 2050.
Crude Oil
01-03-2022
Russian Banks' Exclusion from SWIFT to Hurt Indian Oil Companies
Sanctions and exclusion of Russian lenders from the SWIFT system, the most important international payment network, will hurt Indian state-run firms' ability to repatriate dividends from Russian oilfields and block possibilities of investments in
Natural Gas
01-03-2022
World Bank: There Will Be Alternatives to Russian Gas in Five Years
World Bank President David Malpass: There will be alternatives to Russian natural gas supply in the five-year horizon.
LNG
01-03-2022
Germany Targets 100% Renewable Power Generation by 2035
Germany will target to have all its electricity provided by renewable energy sources by 2035.
Oil Price
01-03-2022
OPEC Chief: Oil Industry “Under Siege”
OPEC Secretary General Mohammad Barkindo: oil industry is under siege by climate campaigners.
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
