Gas

Oil & Gas Supply

ExxonMobil to Exit Russian Oil and Gas Operations Amid Ukraine Crisis

The American energy major is beginning the process to pull out from the Sakhalin-1 venture, in Russia.

Natural Gas

Italy Considers Increasing Natural Gas Supply from Algeria

The latest move by Italy comes as Western sanctions on Russia threaten to disrupt the gas flow.

Crude Oil

Canada Eyeing Russian Oligarch Holdings in its Oil-Rich West

Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on…

Oil & Gas Supply

OPEC+ Makes Modest Supply Hike as Russia Turmoil Lifts Price

OPEC and its allies agreed another modest revival in supplies for April at a low-key meeting that was overshadowed by the market turmoil unleashed by Russia’s …

LNG

Italy Halts Funding for $21 Billion Arctic LNG 2 Project

Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy pro…

Natural Gas

Europe Can Survive Next Winter Without Russian Gas

Russia’s invasion of Ukraine has highlighted the need for Europe to improve its energy security by reducing its reliance on Russian gas.

Oil Price

OPEC+ Faces Reckoning on Russia Despite Efforts to Ignore Crisis

OPEC+ is doing its best to ignore the war started by one of its leading members, but it may not be able to manage it for much longer.

Oil Price

Oil Soars as Emergency Crude Release Fails to Quell Supply Fears

Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortf…

Oil Price

U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'

The United States is open to imposing sanctions on Russia's oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesd…

Oil & Gas Supply

ADX Energy Increases Austrian Oil and Gas Production

Europe-focused ADX Energy has increased oil and gas output from its Gaiselberg and Zistersdorf fields by 25 per cent in the Vienna Basin, Austria.

Oil & Gas Trade

Angola Crude Oil Exports Increased by 3% During Q4 2021

The Republic of Angola, sub-Saharan Africa’s second-largest crude producer, saw an increase of 3% in crude oil exports

Oil Price

UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre

The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due …

Oil Price

Idaho Gas Prices Hold Steady, but the National Average is Soaring

Russia’s invasion of Ukraine is already having far reaching effects, bringing another wave of higher crude oil prices and sending the national average price of…

Natural Gas

Gas Prices Rise in Lehigh Valley

Taylor Family Fuel and Mini Marts is a gas station and convenience store located at 309 S New St. Lehigh Valley gas prices have been rising as the demand for oi…

Crude Oil

Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets

The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…