Gas

China

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale

The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.

Oil & Gas Trade

Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…

Oil Field

Bohai Bay Offshore Oil Fields Mark Power Milestone

The country's first project to power the Bohai Bay offshore oil fields from shore kicked off operation on Thursday.

Oil Price

Oil Price Hits Highest in Almost Three Years As Supply Tightens

Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.

Oil & Gas Supply

Norway's August Oil Output Beats Forecast, Gas Lags

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…

Oil Price

Demand Recovery Leaves $100/bl Oil on Track

Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…

Hydrogen Storage

Gasunie Gas Pipeline Operator Testing Hydrogen Storage

The Dutch company has converted a section of a salt cavern storage facility for the purpose.

Crude Oil

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…

United Kingdom

UK Power Sector Could See Tidal Wave Of Bankruptcies

More UK energy suppliers are set to go bust as soaring gas prices are putting an unprecedented cost burden on smaller electricity and gas providers, the head of…

Oil & Gas Trade

India's Oil Imports Rose to 4-month High in August

Indian refiners mostly buy oil about two months ahead of processing.

Hydrogen Project

UAE to Become Major Player in Blue Hydrogen Market

Opec's third-largest producer on target to achieve self-sufficiency in gas

Oil & Gas Supply

OPEC+ Boosts Compliance With Oil Production Cuts To 116%

The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in Jul…

Oil Price

Oil Rebounds On Tight Global Energy Supply

Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema…

Crude Oil

Nigeria Hopeful Opec+ will Grant Baseline Change

Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated, despite prev…

Hydrogen Project

KOGAS Signs MOU with GGGI for Cooperation in Green Hydrogen Business

On hand at the event at GGGI Headquarters in Seoul were Yang Jin-yeol, head of the Hydrogen Business Division of KOGAS and Frank Rijsberman, secretary-general o…