Oil

OPEC

U.S. Senate Panel Advances Bill to Rein In OPEC+ Over Oil Output Cut

A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agr…

Oil Refinery

Workers Continue Strikes at TotalEnergies Normandy and Fezyin Refineries - Union

Workers at TotalEnergies Normandy and Feyzin refineries decided to continue a strike which has dragged on for almost four weeks on Thursday.

Oil Field

Baker Hughes Sees Bright 2023 for U.S. Oil

Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.

Electric Vehicle Battery

Fast-Charging EV Batteries With Nickel Foil

New tech enables standard EV batteries to charge to 70 percent capacity in 11 minutes.

OPEC

Malaysia Says OPEC+ Decision to Cut Output Made to Address Market Uncertainties

Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertain…

Natural Gas

Global Natural Gas Crisis Dampens Momentum for ‘Cleaner’ LNG

Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunc…

Natural Gas

EU Far From Finding Solutions to Energy Crisis, Spanish Minister Says

European Union members have not yet identified common solutions to the energy crisis, Spain's Energy Minister Teresa Ribera said on Tuesday.

OPEC

Iraq Reiterates Support for OPEC+, Saudi Arabia

Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.

Oil Price

Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production

U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…

Natural Gas

EU Leaders Will Discuss Gas Price Cap for Power Generation, Michel Says

European Union leaders will discuss putting a cap for the price of gas used to generate electricity - over which member states are divided - when they meet for …

Oil Refinery

Exxon Mobil Says French Refineries Could Take 2-3 Weeks to Fully Restart

Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart aft…

Energy Transition

BlackRock Tells UK ‘No’ to Halting Investment in Coal, Oil and Gas

BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was…

Oilfield Services Giants Are Primed to Post Very Strong Earnings

The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…

Natural Gas

EU Publishes Emergency Gas Cap Proposal

The European Commission outlined steps on Tuesday to battle ongoing high prices for natural gas.

Nord Stream 2

Gazprom Says a Big Section of the Nord Stream Pipelines Need to Be Replaced

Gazprom CEO Alexei Miller said late last week that a big section of the damaged Nord Stream 1 & 2 gas pipelines would need to be replaced.