Oil

Joe Biden

EU to Mull Russian Oil Embargo with Biden Set to Join Talks

EU governments will consider whether to impose an oil embargo on Russia over its invasion of Ukraine as they gather this week with Joe Biden for a series of sum…

Oil Price

Oil Climbs on Pressure From Ukraine Conflict, Tight Market

Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their…

SINOPEC

Aramco in Discussions with Sinopec on Downstream Ventures

Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

Natural Gas

Shell Cleared to Restart Prelude FLNG

Shell has been given the green light to resume operations at its Prelude floating liquefied natural gas (FLNG) facility offshore Western Australia after an inci…

LNG

Germany in Talks with Qatar on Long-Term Gas Supplies to Reduce Russian Dependence

Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe's biggest economy seeks to become …

Oil & Gas Supply

Europe Can Survive Throughout Summer Without Russian Gas

If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.

Crude Oil

National Daily Oil Output Totals 684,100 Barrels

Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.

Crude Oil

Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets

Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed Thursday to bolster cooperation on stabilizing global crude oil markets…

Crude Oil

Indian Purchase of Russian Oil not Violation of Sanctions: US

The White House has said that India would not be violating sanctions if it purchased discounted oil from Russia but doing so would put New Delhi on the wrong si…

LNG

Bangladesh to Get more LNG Supply in Summer

The world's leading LNG (liquefied natural gas) producer Qatargas has agreed to re-schedule its LNG cargo-delivery plan for Bangladesh to boost the fuel supplie…

Crude Oil

India Buys Russian Oil Despite Pressure for Sanctions

The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avo…

Oil Price

Oil Jumps as Russia-Ukraine Talks Stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the …

Crude Oil

Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%

Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the thr…

Energy Investment

Egypt's Petroleum Minister, Siemens Discuss Investment Opportunities in Oil, Gas Industry

Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla discussed on Thursday with CEO of Siemens Middle East Dietmar Siersdorfor investment opportu…