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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Nord Stream 2
25-02-2022

Russia-Ukraine Crisis: Germany Suspends Nord Stream 2
German Chancellor Olaf Scholz has suspended the certification of Nord Stream 2, the gas pipeline for importing gas from Russia, already built and waiting for approval for the taps to be turned on.
Nord Stream 2
25-02-2022

US Sanctions Company Behind €9.5bn Nord Stream 2 Pipeline
The sanction, which is in response to Russia’s actions in Ukraine, targets Nord Stream 2 AG and its CEO.
Crude Oil
25-02-2022

Russian Crude Trades at Record Low Versus Brent on Sanctions Fears
Russian Urals crude oil differentials in Northwest Europe have slumped to record lows this week as threats of further sanctions and potential credit issues kept buyers out of the market.
Oil & Gas Supply
25-02-2022

Japan Willing to Release Oil Reserves
Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.
Natural Gas
25-02-2022

Adnoc LNG Says Natural Gas Must Remain a Key Player in Global Energy Transition
Liquefied natural gas must remain a key player in the global energy transition to ensure energy supply continues to meet demand in a secure, sustainable and reliable way, said Fatema Al Nuaimi, chief executive of Adnoc LNG.
Oil Price
25-02-2022

Oil at $103: No Fears of Supply Disruption to India, Prices a Concern
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffected, a top government official said exuding confidence of uninterrupted fuel supplies even if
Oil Price
25-02-2022

Russia-Ukraine Crisis Highlights Need for 'Energy Independence' in PH
The conflict between Ukraine and Russia, which has a direct impact on global oil prices, highlighted the importance of developing more energy sources in the country, a stakeholder said Thursday.
Oil Price
25-02-2022

Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts
The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to the region's critical energy exports with consequences for India.
Oil Price
25-02-2022

Oil Hovering Around $100 may Give a Crude Shock to Inflation, CAD, GDP
Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.
Natural Gas
25-02-2022

Why Europe Is So Dependent on Russia for Natural Gas
Europeans have been suffering under painfully high energy prices in the lead-up to Russia launching an attack on Ukraine on Thursday morning.
Oil Price
25-02-2022

Oil Tops $105/bbl After Russia Attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.
Nord Stream 2
25-02-2022

Biden Unveils Sanctions on Russian Businesses After 'Premeditated' Ukraine Attack
President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia's ability to do business in major currencies along with sanctions against banks and state-owned enterprises.
China
24-02-2022

China's Major Shale Gas Field Adds 19 New Wells
The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 million cubic meters, said its developer Sinopec, China's largest oil refiner.
Oil Price
24-02-2022

Japan, Australia Monitoring Oil Market for Impact from Ukraine Conflict
Japan and Australia said on Thursday they were closely watching oil prices for any impact from hostilities in Ukraine, with Australia saying it was prepared to tap its oil stockpile held in the United States if global supplies are hit.
United Kingdom
24-02-2022

UK Advisers Urge Tougher Climate Tests on New Oil and Gas Projects
Ending new UK oil and gas production is credible and would send a clear signal to the world that the country is serious about meeting global temperature goals, according to the UK government’s climate advisers.
Natural Gas
24-02-2022

The US and Germany Have Now Both Targeted Nord Stream 2 to Punish Russia. Here's Why the Pipeline Is So Important
In the wake of Germany suspending the Nord Stream 2 project, the United States has now imposed sanctions on the company in charge of the natural gas pipeline.
Oil Price
24-02-2022

Stocks Dive, Oil Surges as Russia Invades Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the Black Sea and Ukraine said Moscow had launched a full-scale invasion.
Oil & Gas Supply
24-02-2022

Greece Lines up Additional Gas Supplies as Ukraine Tensions Rise
Greece has lined up additional supplies of pipeline gas and liquefied natural gas (LNG) should existing plans be disrupted by the Ukraine crisis, a government spokesperson said on Wednesday.
Crude Oil
24-02-2022

Sinochem Completes China’s First Blockchain Warehouse Receipt Pledge for Crude Oil
Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cloud Chain.
Natural Gas
24-02-2022

Serbia to Sign Long-Term Gas Contract with Russia
Belgrade, Feb 23 (Prensa Latina) Serbiagaz CEO Dusan Bajatovic said that his country plans to start negotiations with Russia's Gazprom on a new 10-year gas contract.
Natural Gas
24-02-2022

Natural Gas Production Rises 12% In January
Natural gas production in India rose by 12.17 per cent to 2,861.09 million metric standard cubic meters in January 2022
Oil Price
24-02-2022

Natural Gas Prices Hit Record High In China
Natural gas prices in China have gained as much as 80 percent over the last month to reach a record high amid freezing weather and tight supply.
Oil Price
24-02-2022

Oil Rises as Ukraine Issues State of Emergency, Suffers Cyber Attacks
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack.
Oil Price
24-02-2022

Oil Price Set to Test Fresh Peaks Barring Iran Breakthrough
Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks.
LNG
24-02-2022

Pakistan to Penalise Defaulting LNG Supplier
Pakistan LNG Limited (PLL) has made up its mind to impose a monetary penalty on Italy based LNG term supplier ENI, which is the 30 percent of the term cargo.

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