Gas

Natural Gas

Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens

Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally…

Oil Price

U.S. Sanctions on Russia not Targeting Energy Markets

Actions the Biden administration took on Tuesday to punish Russia's economy over its aggression in Ukraine are not intended to hit global energy markets.

Natural Gas

GECF Recognises Leading Personalities with First-Ever Awards

The Gas Exporting Countries Forum yesterday announced the recipients of the inaugural GECF Awards.

Oil Price

Diesel Nearing Highest Price in a Decade

BISMARCK, N.D. (KFYR) - Fuel prices continue to rise, and that means diesel prices are up as well. While most motorists don’t use that blend of fuel, it makes …

Oil Price

Fuel Prices up for 8th Straight Week

Fuel prices will increase for eight consecutive weeks as oil firms will impose below PHP1-per liter hike starting Tuesday morning.

Oil Price

Oil Rises as Russia-West Stand-off Alarms Tight Market

LONDON/HOUSTON (Reuters) -Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil pr…

Oil Exploration

TotalEnergies Announces Major Oil Discovery Offshore Suriname

TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in r…

Net Zero Emission

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 …

Crude Oil

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 acti…

Natural Gas

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…

Crude Oil

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 c…

LNG

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 wi…

Crude Oil

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.

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 …

Oil Price

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 pros…