Oil

Oil Price

Oil Rises on Market Caution Over Tight Supply

Oil prices rose 1% on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns ab…

Brazil

Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed

Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.

LNG

‘Green Energy World Will Be Cheaper’ Rwe CEO Says as Germany Faces Gas Crunch

Economics minister Habeck announces measure to save gas and avoid rationing in coming winter that include longer use of coal power plants.

CCS

Oil Players Join Forces to Develop ‘One of the Largest CCS Facilities in the North Sea’

In pursuit of its strategy to go beyond net-zero, oil and gas company Neptune Energy has teamed up with several firms to pool resources for the development of a…

LNG

Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier

Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.

LNG

EU Signs Strategic Partnership With Oil, Gas-Rich Gulf Nations

EU would form a “strategic partnership” with the Gulf Cooperation Council and its Member States “as part of enhancing engagement in the broader region".

Natural Gas

Egypt to Supply Natural Gas to Lebanon With 20 Year Old Arab Pipeline

After months of deliberation and delays Lebanon will sign a final agreement to import yearly 650 cubic meters of natural gas from Egypt to its energy poor count…

LNG

Pakistan’s LNG Import Dependence Puts Energy Security, Financial Stability at Stake

The country imported 7.4 million tonnes of LNG in 2020.

Natural Gas

Austria Revives Coal-Fired Power Option as Russia Cuts Gas Supply

Austria's government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restr…

LNG

Qatar Energy Partners With Eni for North Field East LNG Project

Qatar Energy signed a deal with Eni on Sunday on the Gulf Arab state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, foll…

Oil Price

Oil Edges Down as Demand Concerns Weigh, Heading For Weekly Fall

Oil prices edged slightly lower on Friday as worries about global economic growth and uncertainty weighed on markets following numerous interest rate hikes arou…

Crude Oil

U.S. Steps up Heavy Crude Imports as Biden Blasts Profiteering

U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace …

United Kingdom

UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’

The UK spent £5.1 billion on Russian energy imports in the year to April 2022.

Clean Energy Transition

Malaysia’s Petronas Launches Clean Energy Firm to Lead Carbon-Free Push

Malaysia's Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to …

LNG

How the World’s Top Coal, LNG Exporter Ran Into a Power Crisis

Australia, the world's top exporter of coal and liquefied natural gas, is battling a power crunch, posing major challenges for the country's new Labor governmen…