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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…

OPEC

Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts

Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November

Natural Gas

Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield

Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border

Natural Gas

German Gas Commission Wants One-off Payment Now, Price Break Next Year

Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price b…

France

TotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks

Wage talks had been scheduled for mid-November

United Kingdom

UK Minister Zahawi: Planned Power Cuts Extremely Unlikely

Chancellor of the Duchy of Lancaster Nadhim Zahawi walks at Britain's Conservative Party's annual conference in Birmingham, Britain, October 5, 2022. RE…

France

TotalEnergies Says It Is Ready to Hold Wage Talks in October

French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to res…

Coal-Fired Power Plants

South African State Utility Reinstates Rolling Power Cuts from Monday

South African state utility Eskom said on Sunday it would resume rolling power cuts from Monday till Wednesday during night-time to attend to unplanned breakdow…

OPEC

OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times

U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially e…

OPEC

Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'

The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…

LNG

Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports

Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline …

Australia

Australian Tech Billionaire to Chair $20 Billion Solar Power Export Project

Australian software mogul Mike Cannon-Brookes was named chairman of clean energy start-up Sun Cable

Energy Storage Battery

The World Desperately Needs to Invest More in Battery Storage

Over the past year, energy companies have been steadily planning for the development of battery storage facilities, to support their renewable energy operations…

Electric Vehicle Battery

China Is Dominating the Global Electric Vehicle Battery Market

The global electric vehicle market is exploding, and demand for batteries with it.

Crude Oil

The UAE Isn’t Ditching Oil for Renewables Just Yet

The UAE isn’t likely to curb its oil production in favor of renewables any time soon.