Oil

Natural Gas

Germany Will Have Less Than 3 Months of Gas if Russia Halts Supply

Germany's energy regulator: Germany will only have enough natural gas to cover two and a half months of consumption this winter if Russia completely suspends de…

Oil Price

Oil Prices Ease as Russia Output Increases

Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on…

Natural Gas

Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis

Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.

Crude Oil

U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study

U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…

Natural Gas

Europe Says ‘No’ to VAT Exemption on German Gas Levy

All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.

CCS

Climate Change Affects Grassland Soil Organic Carbon Storage

Grasslands can store carbon, making them a valuable weapon in the fight against climate change.

Germany

Europe’s Power Prices Surge to New Record

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…

Crude Oil

Latin America’s Crude Exports Drop In August

Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …

LNG

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…

Crude Oil

Shell to Shut Gulf of Mexico Crude Pipes for 2 Weeks in September

Shell on Tuesday said it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.

Crude Oil

Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…

Oil & Gas Supply

Europe’s Efforts to Shield Households From Soaring Energy Costs

Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…

Oil Field

Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offs…

Oil Shale

Oil Output in Permian to Rise to Record High in September -EIA

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…