Oil

Oil Price

OPEC Has No Control over Events Roiling Global Oil Markets

OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…

Natural Gas

EU Says Independence From Russian Gas Is Possible Within Years

The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief …

Natural Gas

Average Gas Price in New Hampshire Above $4 per Gallon

Granite Staters are now paying an average of more than $4 a gallon for gas for the first time in more than a decade.

Natural Gas

Gas Prices Hit Nearly $7 in Parts of Southern California

Gas prices continue to increase and there doesn't seem to be any signs of it slowing down.

Oil Price

Saudi Aramco Raises April Crude OSPs to Asia, Europe, US

Saudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and…

Crude Oil

China Confident of Ensuring Energy Supply Despite Challenges

China’s government is capable of supplying sufficient energy despite serious challenges as it will step up production capacity and boost reserves to keep price…

Crude Oil

Shell Defends Decision to Buy Discounted Oil From Russia

Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedic…

Oil Price

Crude Oil Surges on Russia Oil Embargo Risk

WTI is continuing to soar. U.S. Secretary of State Antony Blinken has signaled the Biden administration and its allies are discussing an embargo on Russian oil,…

Natural Gas

Gas Production in Azerbaijan Increased by 12.9%

According to the operative data, Azerbaijan produced 2.9 million tons of oil (including condensate) in January 2022, the Ministry of Energy told AZERTAC.

Oil & Gas Supply

Elon Musk Calls for Immediate Boost in Oil and Gas Production Amid Russia-Ukraine War

In a tweet, Tesla CEO Elon Musk called for an immediate increase in oil and gas production in the US and globally to compensate for the reduced Russian output. …

Oil Price

Policy Certainty Shields Indian Stocks from Oil Price Spike

Declining oil intensity in GDP, rising domestic investors share are among the other reasons, says foreign advisory firm

Oil & Gas Trade

Ukraine: Workers Refuse to Unload Russian Oil from Ship

Workers are refusing to unload Russian oil from a German-flagged ship which is moored at a major British oil refinery.

Oil Price

Fueling Inflation: Petrol, Diesel Prices Set to Rise as Crude to Range Around $95-125

Hostilities between Russia and Ukraine, along with sustained demand, is expected to keep global crude oil prices in the range of $95-to-$125 per barrel in the s…

Natural Gas

Denmark to Boost Defence Spending and Phase out Russian Gas

Denmark will significantly increase its defence budget and aim to become independent of Russian natural gas in response to Russia's invasion of Ukraine, Danish …

Oil&Gas Drilling

America is Finally Cleaning up its Abandoned, Leaking Oil Wells

Washington is making a concerted effort to plug these wells through a $4.7 billion fund, passed as part of an expansive overhaul of the nation's infrastructure.