Oil

Crude Oil

Brent Crude Slides Below $85 a Barrel as Dollar Surges

Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.

Oil Price

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol

The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…

LNG

UAE Signs Energy Agreement With Germany’s Scholz

The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerat…

Switzerland

Switzerland on Course for Mild Start to Winter, Easing Energy Supply Fears

Switzerland is on track for a mild start to the winter and above average temperatures could even stretch into February.

LNG

Adnoc Signs Agreements to Supply LNG and Diesel to Germany

State oil company will deliver the first LNG shipment in late 2022 to a floating import terminal near Hamburg

Natural Gas

Spain-France Natural Gas Pipeline Boosts Capacity by 18%

An existing natural gas pipeline from Spain to France via the Pyrenees has boosted its capacity by 18% and could be used immediately if France requests it.

Oil Price

Volkswagen Warns: High Gas Prices Could Impact Car Production

Germany's Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord …

Carbon Emissions

Paris and New York Join Climate Litigation Against TotalEnergies

The cities of Paris and New York have joined a coalition of associations and local authorities that are suing oil major TotalEnergies for failing to adequately …

Natural Gas

German Jan-July Gas Import Costs Surge 164% As Imports Drop 25.5%

The July statistics from Germany's foreign trade office BAFA are the fifth to reflect the impact of the war in Ukraine, which began on Feb. 24, and Western sanc…

Natural Gas

California Relied Heavily on Natural Gas During Sept Heat Wave -EIA

During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak deman…

Natural Gas

Why the World Needs to Invest in Fossil Fuels

The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.

Oil Refinery

Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France

Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemi…

Natural Gas

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project

Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in…

Natural Gas

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter

From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas…

Natural Gas

Hungary Warns Against Further EU Sanctions on Russia

Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.