Oil

OPEC

Five Major Challenges Facing the Energy Industry

Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head…

EU

Europe Admits It’ll Have to Burn More Coal as It Tries to Wean Itself off Russian Energy

The EU’s desire to wean itself off Russian hydrocarbons means it will need to find oil and gas from other parts of the world to plug supply gaps.

Energy Security

EU Unveils €300BN Package to Slash Reliance on Russia’s Energy

The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.

Natural Gas

‘Finland Could Be Cut off Gas by Russia This Week’

Finland’s state-owned energy provider has warned that there is “a real risk” of natural gas supply.

Natural Gas

Netherlands to Ban Fossil Fuel Boilers From 2026

Dutch homes will have to install sustainable heating systems, such as a hybrid heat pumps, instead.

Oil Price

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.

LNG

GE Secures Order for 1.6GW Combined Cycle Plant in Vietnam

GE has secured an order to provide power generation equipment for energy company PetroVietnam Power Corporation’s (PV Power) Nhon Trach 3 and 4 combined cycle …

Natural Gas

Surging Natural Gas Prices Squeeze U.S. Industrial Sector

Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United S…

Natural Gas

Natural Gas Has Potential to Expand Significantly over the Coming Decades in G20 and Propel South East Asia’s Growth Trajectory

The upcoming G20 Energy Ministerial under the Presidency of Indonesia signals an opportunity to emphasise the soaring role of natural gas in satisfying growing …

Oil Price

Oil Prices Drop on Profit-Taking, Supply Fears Linger

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…

Natural Gas

Spain and Portugal Target Price Cap for Natural Gas to Combat Skyrocketing Inflation

Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal stepping into their domestic energy markets to cu…

Russian Federation

Gazprom Books Gas More Transit Capacity for Monday, Ukrainian Operator Says

Russian state gas company Gazprom booked transit capacity of 65.20 million cubic metres for May 16 via the Sudzha entry point.

Oil Price

Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar

Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.

LNG

India Looks to Import More LNG amid Rising Demand

Gas demand from households in cities and from the transportation sector in India is currently outpacing supply.

Crude Oil

More Oil From U.S. Strategic Petroleum Reserve Heads to Europe

Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…