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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Net Zero Emission
22-02-2022
HSBC Targets 34% Cut to Emissions from Oil and Gas Clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the first time that Britain’s biggest lender has committed to such a target.
Crude Oil
22-02-2022
India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year
India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy after months of stagnation.
Natural Gas
22-02-2022
Global Crunch Likely to Double Local Gas Prices
An accelerated recovery in energy demand from the covid-lows coupled with inadequate supply expansion in 2021 vaulted prices to record highs, sending shockwaves through the global economy. Domestic industries are already paying higher prices for LNG impor
Crude Oil
22-02-2022
Factbox: Asian buyers of Russian oil, gas and coal
As the Ukraine-Russia crisis intensifies, Brent crude futures have hit fresh seven-year highs as analysts warn trade sanctions may have implications for Asian countries dependent on Russia for oil, gas and coal.
LNG
22-02-2022
Shell Sees LNG Demand Climbing by 90% over Next 20 Years
Global liquefied natural gas demand is set to surge by 90 percent by 2040 compared to 2021 to exceed 700 million tons annually in two decades, as LNG and gas will continue to play an important role in energy supply, Shell said.
Crude Oil
22-02-2022
Oil Rises and Natural Gas Surges 8% as Russia Orders Troops to Ukraine
Energy prices, notably natural gas and crude, climbed sharply, amid the threat of a full-scale invasion of Ukraine by Russia.
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.
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EIA Expects USA Gasoline Price to Drop In 2025 and 2026
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Russia’s Gazprom Supplied 38 Bcm of Gas to China via Power of Siberia Pipeline in 2025
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India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
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Norway offers up to 70 new oil and gas drilling permits
