Oil

Oil & Gas Trade

India Taking up Russian Discounted Oil Offer Will Not Be US Sanctions Violation, Says White House

India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions, the White House has said.

Oil Price

WTI Crude Dives Below $100 on China Demand Concern

WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…

Oil Price

Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock …

Natural Gas

Greece to Launch New Gas Trading Hub on March 21

A new Greek natural gas trading platform will go live on March 21, enhancing interconnectivity and supply security in the region amid volatility on global marke…

Hydrogen Fuel Cell

Green Hydrogen Fuel to Become Competitive Due to War in Ukraine

Bloomberg New Energy Finance (BNEF) recently released a report titled “Ukraine War Makes Green Hydrogen Competitive”, examining the impact of the Russian inva…

Oil Price

Indian Govt to Make Calibrated Interventions to Keep Fuel Prices Under Control

Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index is directly related to t…

Oil Shale

US Shale Still Finding Footing amid Market Chaos

US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…

Energy Transition

Eni Sells 49% of Its Business Enipower

Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.

Crude Oil

Saudi Considering China’s Yuan for Oil Purchases

Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.

Oil Exploration

Deep-Water Exploration Permits Attract Attention in Australia

Offers submitted for nine exploration blocks of which six are off the south-east coast

Crude Oil

Brent Crude Down Almost 6% but Still Above US$100 a Barrel

Brent crude was off almost 6% but remained above US$100 barrel with a potential cessation to violence in Ukraine helping quell sentiment-driven panic price rise…

Natural Gas

After more than a Week, Gas is Still Leaking on the North Slope

Ten days after a natural gas leak was discovered at its Alpine oil development on Alaska’s North Slope, ConocoPhillips is still trying to identify the exact so…

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Crude Oil

Oil Terminal Blast In Nigeria Takes Production Offline

An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…

Crude Oil

Global Crude Oil Prices Extend Losses Ahead of Fed Meeting

Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.