Gas

Crude Oil

Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025

West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent …

Oil Price

UAE, Saudi Arabia Decline Talks with Biden amid Oil Price Surge

Crown Prince Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed declined requests for direct communication with President Biden in recent weeks.

Carbon Emissions

Global Energy-Related CO2 Emissions ‘Hit Highest Level in History in 2021’

Increased use of coal was the main factor driving up emissions by over two billion tonnes, according to the IEA.

Oil Price

Sinopec Keeps Refinery Operations 'Fairly High' to Ensure Fuel Supply

China's Sinopec is running its refineries at "fairly high" operational rates, the firm said, seeking to ensure steady fuel supply in the country amid tight glob…

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…

Oil Price

Price Hikes Won't Hit Petrol Demand

The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise pri…

EV Market

Secondhand Tesla Prices are Shooting up as Petrol Prices and New Car Wait Times Blow out

With the price of petrol set to soar due to looming gas and oil shortages caused by Russia’s invasion of Ukraine and subsequent sanctions, observers are noting…

Oil Price

Asian Shares Surge as Russia-Ukraine Talks Buoy Sentiment

Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned …

Natural Gas

Gas Prices Jump in Wake of Biden's Ban on Russian Oil

The cost to fill up the gas tank has gone from bad to worse with the national average hitting a new record. President Biden warned Americans to expect to pay ev…

Natural Gas

Gas Prices Reach New High in N.S., Costs Skyrocket in Atlantic Canada

The price of gas has reached a new high in Nova Scotia for the third time in a week, rising another 10.9 cents overnight.

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…

CPS Energy Exploring Novel Geomechanical Pumped Storage Technology

Texas-based CPS Energy, the largest municipally owned electric and natural gas company in the U.S., has entered into a 15-year commercial agreement to explore i…

Electric Car

Gas Prices Are Spiking — Don’t Expect Sales of Electric Vehicles to Follow

Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, while Russia’s invasion of Ukraine pushes gas prices to record highs, will largel…

Natural Gas

Demand for Natural Gas on Australia's East Coast Falls

The uptake in renewable energy could see gas demand from Australia’s East Coast decline by around 60% by 2050, depending on the pace of the energy transition, …

Crude Oil

US Shale Investors Worry over Impact of Output Jump

US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod…