Oil

Oil Price

Why Buffett’s Berkshire Hathaway Is Seeking to Buy Up to 50% Of Occidental

The conglomerate first made a bet on the Houston-based oil company three years ago

LNG

Japan's Mitsui Nears Decision to Join New Sakhalin-2 Operator, Nikkei Reports

The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru HanaiJapanese trading firm Mitsui & Co is close to mak…

Oil Refinery

Shell Cuts Output at German Refinery as Rhine Is Drying up

The company has cited the “low water level” of Rhine as the reason for its decision

Natural Gas

Germany Likely to Miss Gas Storage Targets, Warns Energy Regulator

Germany is likely to miss a November target for gas storage levels set by the government to avoid an energy crisis.

Natural Gas

Germany Will Have Less Than 3 Months of Gas if Russia Halts Supply

Germany's energy regulator: Germany will only have enough natural gas to cover two and a half months of consumption this winter if Russia completely suspends de…

Oil Price

Oil Prices Ease as Russia Output Increases

Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on…

Natural Gas

Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis

Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.

Crude Oil

U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study

U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…

Natural Gas

Europe Says ‘No’ to VAT Exemption on German Gas Levy

All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.

CCS

Climate Change Affects Grassland Soil Organic Carbon Storage

Grasslands can store carbon, making them a valuable weapon in the fight against climate change.

Germany

Europe’s Power Prices Surge to New Record

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…

Crude Oil

Latin America’s Crude Exports Drop In August

Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …

LNG

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…

Crude Oil

Shell to Shut Gulf of Mexico Crude Pipes for 2 Weeks in September

Shell on Tuesday said it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.