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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 Price
01-03-2022

Russia’s SWIFT Ban Could Send Shockwaves Through Oil and Commodity Markets
Russia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying key Russian banks are banned from SWIFT.
Crude Oil
01-03-2022

Can the U.S. Replace Russian Oil Imports?
Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.
Crude Oil
01-03-2022

Rising Crude Oil Prices Great Opportunity for Nigeria
President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA).
Oil & Gas Supply
01-03-2022

Carve-out in U.S. Sanctions will Still let Russia Profit from Oil, Gas
There is a glaring carve-out in President Joe Biden’s sanctions against Russia: Oil and natural gas from that country will continue to flow freely to the rest of the world and money will keep flowing into Russia.
OPEC
01-03-2022

Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia
Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the bloc’s alliance with Russia amid that nation’s invasion of Ukraine.
Energy Investment
01-03-2022

Norway’s Equinor will End Investments in Russia, Exit Joint Ventures
Norway’s Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia’s invasion of Ukraine, according to a statement issued by the company.
Oil Price
01-03-2022

India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices
India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the government said on Saturday.
Oil Price
01-03-2022

Can African Oil Producers Take Advantage of Increasing Oil Prices?
Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, Angola, Libya, and Algeria to cash in with more crude oil exports.
Oil Price
01-03-2022

Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban
A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as risks with trading Russian oil spike, analysts say.
LNG
01-03-2022

Shell to Exit Russia After Ukraine Invasion, Joining BP
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country following Moscow’s invasion of Ukraine.
LNG
28-02-2022

Japan's JERA Does Not Currently See SWIFT Ban Impacting Sakhalin 2 LNG Imports
Japan's largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from the international payment system SWIFT, impacting its LNG imports from the Sakhalin 2 project.
Oil & Gas Supply
28-02-2022

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand and soaring prices.Iraq has temporarily shut down its southern 400,000 barrel a day West Qurna
Natural Gas
28-02-2022

How Europe Can Boost Energy Security and Reduce Its Reliance on Russian Gas
January is the cruellest month when it comes to European gas demand. It is now the end of February and the continent has almost a year to bolster its strategic energy autonomy as the Russian attack on Ukraine continues.
LNG
28-02-2022

Asian LNG Prices Surge on Ukraine Invasion, NS2 Halt
Asian spot liquefied natural gas (LNG) prices surged more than 50% this week as they tracked a jump in European gas prices after Russia’s invasion of Ukraine.
Oil & Gas Supply
28-02-2022

Nigeria Fuel Disruption Continues
As the recent su standard import of fuel continues to affect fuel distribution in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit (PMS)
Oil & Gas Trade
28-02-2022

Vietnam: 25%Fuel Shortage To Be imported
the Vietnam Oil and Gas Group to give detailed notice of the supply situation as soon as possible so that petroleum companies can proactively plan to import to make up for the shortfall.
Oil & Gas Supply
28-02-2022

Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?
Russia and Ukraine are major exporters of food and agricultural products, and if these products are disrupted then there could be significant unrest in the MENA region.
Oil Price
28-02-2022

West Still Reluctant to Target Russian Energy on Economy Fears
Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the financial grip on the country following its invasion of Ukraine.While oil last week briefly passed
Crude Oil
28-02-2022

White House Vows to Avoid Future Sanctions on Russian Crude Oil
The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday.
LNG
28-02-2022

Germany Plans to Become Independent from Russian Oil
Spurred by its growing domestic demand for electricity parallel to its increasing population and rapid urbanization, imports of liquefied natural gas (LNG) by China will climb 30 per cent to a record high next year.
Oil & Gas Trade
28-02-2022

BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
Crude Oil
28-02-2022

Crude Rallies, Rouble Plunges to Record Low as Ukraine Risks Rise
Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.
Natural Gas
28-02-2022

Saudi Arabia Announces Discovery of Five Natural Gas Fields
Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as the oil-rich kingdom looks to boost production of the fuel.
Oil & Gas Supply
28-02-2022

Algeria Say Ready to Supply EU with Extra Gas Amid Ukraine Crisis
Algeria’s state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday.
Natural Gas
28-02-2022

Metro Vancouver Gas Prices Set Another Record
Gas prices hit another record high in Metro Vancouver on Saturday, a development analysts have attributed to the sanctions placed on Russia in retaliation for its invasion of Ukraine.

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