Oil

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.

Oil & Gas Trade

Hundreds of NGOs Call for Import Ban on Russian Oil, Gas

Hundreds of civil society groups and NGOs Friday called on governments worldwide to "reject and ban any import of fossil fuels from Russia" in order to cut off …

Crude Oil

Elon Musk: “We Need to Increase Oil & Gas Output Immediately”

Elon Musk, CEO of Tesla, has shared some thoughts on Twitter about the current situation with oil and gas and Russia.

Oil Price

U.S. Gasoline Prices Soar to Highest Since 2008 on Russia Conflict

U.S. gasoline prices at the pump jumped 11% over the past week to the highest since late July 2008 as global sanctions cripple Russia’s ability to export crude…

Crude Oil

Shell Defends 'Difficult' Decision to Buy Russian Crude Oil

Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine.

LNG

Ukraine Will Import Gas From Poland From March 6

Ukraine from March 6 will be able to import gas from Poland, including gas from Polish LNG terminals, Ukrainian state-run gas transit system operator said on Sa…

Crude Oil

Treasury Department Assures Wall Street It Can Still Trade Russian Oil and Gas

The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.