Oil

Natural Gas

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

Canada

Canada, Nigeria Target Oil and Gas Methane Emissions With New Laws

Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the foss…

Crude Oil

UK Considering Big Increase in Energy Windfall Tax, Sources Say

British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…

Oil Price

High Oil Prices Ignite the Middle Eastern IPO Market

Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.

Carbon Emissions

Global CO2 Emissions in 2022 ‘Remain at Record Levels’

Projected emissions from coal and oil are above their 2021 levels, according to a new report.

Oil & Gas Supply

The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”

Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…

Crude Oil

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…

Crude Oil

Saudi Energy Minister Stresses the Importance of Oil Security

The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.

Natural Gas

Russia to Pursue Gas Deals With Turkey at G20

Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.

Natural Gas

Natural Gas Prices Slide as Bearish News Continues to Mount

The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week.

Carbon Emissions

S&P Global to Launch Carbon Intensity Assessments for Diesel, Gasoline and Jet Fuel

S&P Global Commodity Insights said on Wednesday it would launch the first carbon intensity assessments and daily carbon offset premiums for transportation fuels…

OPEC

Iraq Respects OPEC+ Deal, Wants to Raise Revenue per Barrel of Oil

Iraq's oil ministry respects the OPEC+ agreement to achieve global market stability.

Natural Gas

Eni Can Double Italian Gas Production in 30-36 Months, CEO Says

In the next two and a half to three years Eni could almost double its gas production in Italy, the energy group's CEO said on Wednesday.

Oil Price

IEA's Birol Says $100 Oil 'Real Risk' for Economy

The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.

LNG

EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen

The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.