Oil

Oil & Gas Supply

Nigeria Fuel Disruption Continues

As the recent su standard import of fuel continues to affect fuel distribution in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has released …

Oil & Gas Trade

Vietnam: 25%Fuel Shortage To Be imported

the Vietnam Oil and Gas Group to give detailed notice of the supply situation as soon as possible so that petroleum companies can proactively plan to import to …

Oil & Gas Supply

Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?

Russia and Ukraine are major exporters of food and agricultural products, and if these products are disrupted then there could be significant unrest in the MENA…

Oil Price

West Still Reluctant to Target Russian Energy on Economy Fears

Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the fina…

Crude Oil

White House Vows to Avoid Future Sanctions on Russian Crude Oil

The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said …

Oil Price

Biden Administration Is 'Scared' of the 'Green Lobby', Will Not Abandon Russian Oil

Economist and former naval intelligence officer John Jordan weighs in on how the Russian invasion of Ukraine impacts the American economy.

LNG

Germany Plans to Become Independent from Russian Oil

Spurred by its growing domestic demand for electricity parallel to its increasing population and rapid urbanization, imports of liquefied natural gas (LNG) by C…

Natural Gas

Gas Prices Soar Amid Crisis In Ukraine

The crisis in Ukraine is pushing gas prices higher around the world. Home heating oil is up 56% and gasoline now averages $3.51 per gallon, up from $2.63 a year…

Oil & Gas Trade

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.

Crude Oil

Crude Rallies, Rouble Plunges to Record Low as Ukraine Risks Rise

Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of U…

Natural Gas

Saudi Arabia Announces Discovery of Five Natural Gas Fields

Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…

Oil & Gas Supply

Algeria Say Ready to Supply EU with Extra Gas Amid Ukraine Crisis

Algeria’s state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday.

Natural Gas

Metro Vancouver Gas Prices Set Another Record

Gas prices hit another record high in Metro Vancouver on Saturday, a development analysts have attributed to the sanctions placed on Russia in retaliation for i…

Natural Gas

Germany Plan to Construct Two Liquefied Natural Gas Terminals

Germany will construct two liquefied natural gas (LNG) terminals, German Chancellor Olaf Scholz said on Sunday, pledging to do more to protect Germany’s energy…

LNG

U.S. Gas Advances as Russia Sanctions May Boost Demand for LNG

U.S. natural gas futures advanced on the prospect of higher overseas demand after Western nations imposed tighter sanctions to isolate Russia, one of the world…