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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

22-02-2022

Texas Oil Refinery Workers Ratify Exxon Contract Offer, Ending Lockout
Union workers locked out of their jobs at a Texas oil refinery for nearly 10 months voted on Monday by a nearly two-thirds margin to accept an Exxon Mobil Corp (XOM.N) contract offer, a union official said.
Oil Price
21-02-2022

Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal
Oil prices tumbled giving up early gains on Monday as US President Joe Biden and Russia's Vladimir Putin plan to hold a summit on the Ukraine crisis and on prospects of a nuclear deal between Iran and world powers in the next week or two.
Oil Price
21-02-2022

Gas Prices in Seoul Top 1,800 Won Per Liter
Gas prices in Seoul topped 18-hundred won per liter on Monday for the first time in 14 weeks.
Crude Oil
21-02-2022

India Move to Fill up Crude Oil Storages
Indian Strategic Petroleum Reserves Limited issues tenders to fill up the reserves at Visakhapatnam and Mangalore
Natural Gas
21-02-2022

Turkey’s Underground Gas Storage Capacity to Reach 10 Bcm in 2023
Turkey is working to increase the natural gas storage capacity at its facilities.
Oil & Gas Supply
21-02-2022

European Gas Storage Levels Survive Winter but Summer Refilling Looms
European gas storage levels have fallen less than feared after a mild winter and unprecedented deliveries of liquefied natural gas (LNG), but refilling will be a challenge this summer.
Crude Oil
21-02-2022

Global Mobility Resumes Path to Recovery After Asian COVID-19 Setbacks
Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging from the recent slowdown due to the impact of new COVID-19 related restrictions in Asia.
Natural Gas
21-02-2022

Egypt: GECF at EGYPS - Natural Gas Fuel for Sustainable Development
Natural gas will continue to play a crucial role in alleviating energy poverty, fuelling economic growth, expanding prosperity, and contributing to the protection of the environment, according to HE Eng.
Natural Gas
21-02-2022

Ukraine and Putin: An Expanded Perspective
Ukraine is the largest natural gas transit system in the world, particularly to Europe and earns roughly $1.2 billion per year from transit fees at $2.66 per 1000 cubic meters and per 100 kilometers or 62 miles based on the Oxford Institute for Energy stu
Oil Price
21-02-2022

Soaring Fuel is Bad Timing for Governments Facing Voters
Oil’s relentless march toward triple figures has already prompted political action from incumbents. India cut retail taxes on gasoline and diesel in November and there’s been an unofficial freeze on prices since.
Oil Price
21-02-2022

Arab Oil Producers Say OPEC+ Should Stick to Current Output Agreement
OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices.
Oil Price
21-02-2022

Asia Shares Skid, Oil Surges as Ukraine Tensions Smoulder
Asian share markets slid and oil surged on Monday amid warnings Russia was set to invade Ukraine, risking sanctions that could trigger a further spike in energy costs and stoke global inflation.
LNG
20-02-2022

S. Korea Contemplating Sharing LNG with Europe amid Ukraine Crisis
South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday.
Natural Gas
18-02-2022

Power Shortage Looming for Germany?
Experts have predicted right from the start of the COVID pandemic that the pandemic-related drop in electricity demand in 2020 would not be long-lasting.
Natural Gas
18-02-2022

Can Norwegian Natural Gas Solve Europe's Energy Crisis?
Norway’s Equinor has agreed to maintain maximum natural gas production rates to help the European Union fill its gas storage facilities.
Oil Price
18-02-2022

Supply Shortages are Wreaking Havoc on The energy Industry
The energy sector is facing shortages on all sides, with commodity prices soaring around the world and very little hope that it will be solved in the near term.
Oil Price
18-02-2022

Oil Falls on Prospect of Iran Oil Sanctions Easing
Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply.
LNG
18-02-2022

US Overhauls Review Policy for Gas Pipelines, LNG
Natural gas companies seeking to build pipelines and LNG export facilities will be subject to more scrutiny over their anticipated greenhouse gas emissions, under sweeping policy changes.
LNG
18-02-2022

Qatar LNG Exports down on Mega Train Unplanned Outage
Exports of liquefied natural gas (LNG) from Qatar's Laffan liquefaction plant have been lower over the past few days as one of the facility's trains have been down, three industry sources said.
Crude Oil
18-02-2022

Guyana Talking to Middle East Firms About Offshore Oil Auction
Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields.
Russian Federation
17-02-2022

What the Ukraine Conflict Means for Europe’s Energy Crisis
If Russia invades Ukraine, Europe will find itself in direct conflict with its biggest energy supplier.The Ukrainian military on exercises in 2018. Credit: Ukrainian Ministry of Defence.Around 100,000 Russian troops – backed by tanks, artillery,
Natural Gas
17-02-2022

The Republic of the Congo to Upgrade Gas in Pursuit of Zero Flaring
H.E. Denis Sassou-Nguesso, President of the Republic of the Congo, has outlined government plans to upgrade gas towards the objective of zero flaring.
Natural Gas
17-02-2022

GECF participates in 12th IEA-IEF-OPEC Symposium on Energy Outlooks
With the world deeply mired in an uncertain environment, lack of investment in gas will add to the range of uncertainty surrounding the energy transition, said HE Eng. Mohamed Hamel, the Secretary General of the Gas Exporting Countries Forum (GECF).
United Kingdom
17-02-2022

Hundreds of Barrels of Oil Spill into Sea off UK
Hundreds of barrels of oil have spilt into the Irish Sea after a pipeline leak off the UK.
Oil Price
17-02-2022

Oil Prices Drop on Easing of Ukraine Crisis but Outlook Remains Bullish
Oil prices eased slightly early on Wednesday amid a de-escalation of geopolitical tension in eastern Europe but analysts said the decline is “short-lived”, with the bullish outlook expected to remain.

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