Oil

LNG

EIA: US Weekly LNG Exports Down by One

The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week.

Crude Oil

Aramco Takes FID to Build Refinery and Petrochemical Complex in China

Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…

LNG

Worley to Pull out of Russia over Ukraine Invasion

Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.

Oil Price

Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads

The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…

Crude Oil

What the Bans on Russian Fossil Fuels Actually Mean

Prices are up—but so is the pressure to switch to electric everything.

Saudi Arabia

Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected

A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.

Oil&Gas Drilling

Ukraine-Russia Conflict Could Impact Vietnam Oil Drilling

PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.

Crude Oil

Eni Suspends Russia Oil Purchase over Ukraine Invasion

Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.

Oil & Gas Supply

Iraq's Oil Supply Compatible with Global Demand

Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.

OPEC

G7 Energy Ministers Call on OPEC to Play 'Key Role' in Boosting Oil Supplies

G7 energy ministers on March 10 called on OPEC to "play a key role" in boosting oil supplies to international markets where production is not meeting full capac…

Oil Price

Petrol Prices to ‘Keep Climbing’

Sky News business reporter Edward Boyd says US inflation has hit a 40 year high, with fuel prices up 38 per cent.

Electric Car

Why Russia’s Invasion and Surge in Oil and Metals Prices is Bad News for EVs

The cost of filling up the tank of an internal combustion engine car will make people think about going electric.

Joe Biden

$4 Gasoline Could Lead to Demand Destruction in the U.S.

More than half of all Americans said they would change their driving habits or lifestyle if the cost of gasoline rose to $4 per gallon, new AAA survey data show…

Crude Oil

Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says

Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural r…

Crude Oil

Biden Walks Tightrope Between Need for Oil and Push to Go Green

With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to cl…