Economy

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

LNG

Germany in Talks with Qatar on Long-Term Gas Supplies to Reduce Russian Dependence

Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe's biggest economy seeks to become …

United States

Energy Major BP Aims to Double Convenience Earnings by 2030

Energy major bp recently unveiled a series of new initiatives for innovating the future of fuel and convenience stations in the US.

Energy Investment

Egypt's Petroleum Minister, Siemens Discuss Investment Opportunities in Oil, Gas Industry

Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla discussed on Thursday with CEO of Siemens Middle East Dietmar Siersdorfor investment opportu…

Crude Oil

Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns

Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…

Thermal Coal

India Looks to Russia to Solve the Energy Crisis Moscow Created

​Can Russia rescue India from the high energy prices caused by Moscow's invasion of Ukraine?

United States

Washington Hydrogen Economy Gets a Boost from New Bipartisan Legislation

The Washington Green Hydrogen Alliance has praised the new bill for its spectrum of potential.

Oil Price

Crude Oil Falls to $100, Eases Inflationary Worries

Crude oil prices fell to $100 a barrel on Tuesday, from a high of $139 last week, easing worries for consumers and the economy facing inflationary headwinds.

Natural Gas

Energean Inks Gas Supply Deal with Largest Israeli Buyer

London-listed E&P company Energean has signed a gas supply agreement with the Israel Electric Company (IEC), the largest Israeli buyer of natural gas, marking a…

Oil Price

WTI Crude Dives Below $100 on China Demand Concern

WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…

Energy Transition

Eni Sells 49% of Its Business Enipower

Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Vietnam

Vietnam Seeks US Investment in Renewable Energy

Energy is among potential fields for investment cooperation between Vietnamese and US firms.

Energy Transition

At Global Energy Conference, Oil and Gas Industry Leaders Argue For Fossil Fuels’ Future in the Energy Transition

Russia’s invasion of Ukraine and grim climate reports changed the conversation, but not the industry’s assertion that it will remain a critical part of the gl…

Crude Oil

Aramco Takes FID to Build Refinery and Petrochemical Complex in China

Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…