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Etroleum
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…
Oil&Gas Drilling
Nigeria’s Rig Count up as OPEC Warns of Uncertainty from Impact of Ukraine Conflict
The Organisation of Petroleum Exporting Countries (OPEC) has kept its key oil market projections for 2022 unchanged, but it expects to adjust the forecasts in t…
Crude Oil
Japan to Sell Additional 1.89 Mil Barrels Hout Crude From National Reserves
Japan plans to sell an additional 300,000 kiloliters, or 1.89 million barrels, of Hout crude from its national petroleum reserves via a public tender in April.
Oil Price
Indian Govt to Make Calibrated Interventions to Keep Fuel Prices Under Control
Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index is directly related to t…
Crude Oil
Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd
Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…
Natural Gas
Niti Aayog for End to Price Curbs on Local Natgas
The Aayog has sent its gas price reform proposal to the petroleum ministry for consultation. It also wants natural gas included in the ambit of the goods and se…
Oil Pipeline
Marathon Petroleum Shuts Oil Pipeline After Leak in Illinois
Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked crude oil into a local canal, the company said on Last Saturday.
Energy Investment
China Considers Stake Acquisitions in Russian Energy Firms
China is in negotiations with firms including China National Petroleum, and China Petrochemical.
Saudi Arabia
Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.
Crude Oil
Biden Walks Tightrope Between Need for Oil and Push to Go Green
With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to cl…
Oil & Gas Supply
OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia
The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for en…
Crude Oil
India's February Fuel Demand Rises 5.4% Year-on-Year
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry…
Crude Oil
India's Fuel Demand Rises 5.4% in February
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry…
Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal
US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.
Oil Price
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …
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