Oil

Natural Gas

Gas Price Cap Deal Eludes EU Countries, for Now

The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.

Natural Gas

Germany Launches Investigation into Nord Stream Blasts

German federal prosecutors said they had opened an investigation against “unknown persons”.

OPEC

U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse

U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…

Crude Oil

White House Leaves Door Open for Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…

Oil Refinery

French Refinery Strikes Worsen as France Moves to Call Back Essential Workers

France said on Tuesday that it would requisition essential workers to staff Exxon’s French oil depot, and threatened to do the same for Total’s French refiner…

Israel

Israel and Lebanon Reach Historic Agreement That Unlocks Oil and Gas Reserves

Israel and Lebanon have reached a “historic” agreement to settle their long-running dispute over their maritime border.

Natural Gas

Natural Gas Prices in Europe Fall to a Three-Month Low

On Monday, Europe’s natural gas prices fell to the lowest level in three months thanks to mild weather and a high level of LNG imports.

OPEC

Prices at the Pump Are Ticking Higher After OPEC Decision

Gasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the …

Natural Gas

The World’s Longest Offshore Gas Pipeline Could Get the Green Light Next Year

Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Niger…

Oil Refinery

France’s Fuel Supply Problems Worsen as Refinery Strikes Continue

France’s fuel distribution continues to be disrupted by the ongoing strikes at refineries with no end in sight to the industrial action that has left more than…

United Kingdom

UK Energy Industry Body Upset Over Fracking’s Net-Zero Snub

UK energy body UKOOG criticized Tory MP Chris Skidmore for not including fracking in a net-zero review.

OPEC

Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts

Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season.

LNG

Experts: U.S. LNG Growth Could Slow Next Year

While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experi…

Philippines

Philippine President Encouraging Most Competitive Energy Sources Including Russian Fuel

Philippine President Ferdinand Marcos Jr is encouraging local energy firms to tap fuel supplies from "the most competitive sources", including Russia, to mitiga…

Oil Price

Oil Takes a Breather, Eases off 5-Week Highs

Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…