Gas

Carbon Emissions

Shippers Focus on LNG, Biofuels, Methanol to Meet Emissions Targets

Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering …

Philippines

Philippine President Encouraging Most Competitive Energy Sources Including Russian Fuel

Philippine President Ferdinand Marcos Jr is encouraging local energy firms to tap fuel supplies from "the most competitive sources", including Russia, to mitiga…

Oil Price

Oil Takes a Breather, Eases off 5-Week Highs

Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…

OPEC

Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts

Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November

Natural Gas

Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield

Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border

Natural Gas

German Gas Commission Wants One-off Payment Now, Price Break Next Year

Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price b…

France

TotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks

Wage talks had been scheduled for mid-November

France

TotalEnergies Says It Is Ready to Hold Wage Talks in October

French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to res…

OPEC

OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times

U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially e…

OPEC

Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'

The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…

LNG

Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports

Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline …

Crude Oil

The UAE Isn’t Ditching Oil for Renewables Just Yet

The UAE isn’t likely to curb its oil production in favor of renewables any time soon.

OPEC

Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut

Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …

Crude Oil

Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project

Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia…

Crude Oil

China Releases First Batch of 2023 Crude Oil Import Quotas

China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday.