Gas

Oil Price

Vitol’s Muller Says High Oil Prices may Lead to Demand Destruction

High oil prices are likely to lead to demand destruction amid a scarcity of crude and little spare capacity globally as the disruption to energy supplies from R…

Oil & Gas Supply

Alberta Oil can be a Solution to U.S. Energy Supply Crunch

Alberta, Canada’s main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savag…

Oil Price

ADNOC’s Murban Cude OSP Rises to $93.99/b for April as Market Tightens

Abu Dhabi National Oil Co. hiked the April official selling price for its flagship Murban crude oil by more than 10% from March, with Middle East crudes seeing …

Oil & Gas Trade

US and Europe Discuss Plans to Ban Russian Oil Imports, Blinken Says

US Secretary of State Antony Blinken is in Europe to co-ordinate with allies against Russia's military offensive in Ukraine. APThe US and European partners …

Crude Oil

China Scrambles to Ensure Energy Security as Commodities Soar

China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy secu…

Natural Gas

How Europe Can Reduce Its Dependence on Russian Natural Gas

Europe’s dependence on natural gas from Russia has given President Vladimir Putin leverage over the European Union, making it hard to impose energy sanctions o…

Oil & Gas Trade

US Officials Reportedly Visit Venezuela to Discuss Easing Oil Sanctions

Highest-level talks in years yield little progress as politicians look to further isolate Russia

Oil Field

Adnoc Awards $227m Contract for Enhanced Recovery at Bab Oilfield

The deal will help to boost recoverable reserves by up to 70% and will unlock additional barrels of Murban crude

Oil Price

OPEC Has No Control over Events Roiling Global Oil Markets

OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…

Natural Gas

EU Says Independence From Russian Gas Is Possible Within Years

The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief …

Natural Gas

Average Gas Price in New Hampshire Above $4 per Gallon

Granite Staters are now paying an average of more than $4 a gallon for gas for the first time in more than a decade.

Natural Gas

Gas Prices Hit Nearly $7 in Parts of Southern California

Gas prices continue to increase and there doesn't seem to be any signs of it slowing down.

Oil Price

Saudi Aramco Raises April Crude OSPs to Asia, Europe, US

Saudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and…

Crude Oil

China Confident of Ensuring Energy Supply Despite Challenges

China’s government is capable of supplying sufficient energy despite serious challenges as it will step up production capacity and boost reserves to keep price…

Crude Oil

Shell Defends Decision to Buy Discounted Oil From Russia

Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedic…