Oil

Oil Pipeline

Concerns for UK Coastline as Eni Oil Pipeline Spills 500 Barrels into East Irish Sea

Concerns have been raised for the UK coastline after a 500-barrel oil spill into the East Irish Sea from a pipeline operated by Eni.

Crude Oil

Crude Prices at $100 Could Prompt Major Rise in US Tight Oil Output

Tight oil output from the US could jump by 2.2 million barrels per day if crude prices trade around or above $100 per barrel, driven by growing demand and conti…

Oil Price

Asia's Energy Markets Watching for Russia-Ukraine Fallout

Asia is expected to face higher oil, gas and coal prices if Russia invades Ukraine and triggers sanctions and reprisals from the West, analysts say.

Oil Price

China Petrol Shares Positive Start to Year of the Tiger

Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.

Oil Price

Serbia Caps Fuel Retail Prices for 30 Days

Serbia's government said it capped the fuel retail prices for the next 30 days in a bid to alleviate the impact of the global fuel prices surge on living standa…

Natural Gas

Thailand Could Brace Potential Gas Supply Shortage from Myanmar

The country is expected to rely on Laos for electricity supply.

Oil Price

Oil Falls on Profit-Taking, All Eyes on Russia, Ukraine

Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped, although losses were…

Crude Oil

Barclays Raises 2022 Crude Oil Price Forecasts on Higher IEA Demand View

Barclays raised its crude oil price forecasts for 2022 on Monday, driven by a revision to demand estimates by the International Energy Agency (IEA) last week.

Oil Price

‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel

Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

LNG

Qatar's Asian Gas Contracts Hamper Ukraine Planning

Qatar's deepening trade in natural gas with Asia is complicating global efforts to protect Europe from the threat of an energy squeeze by Russia.

LNG

Asian LNG Prices Stable but Rises Expected on Colder Weather

Asian spot liquefied natural gas (LNG) stabilised this week but is expected to rise over the coming weeks as below-normal temperatures across much of north-east…

LNG

U.S. Supplies Give China Muscle to Become Major Force in Global LNG Trade

Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalisations at home and recently…

Oil Price

Asia Stocks Skid on Ukraine Fears, Oil at 7-year Peak

Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro.

Offshore Wind Power

Eni Acquires 20% Stake in Dogger Bank C Offshore Project in UK

Italian oil and gas company Eni has acquired a 20% stake in the Dogger Bank C offshore wind project in the UK following the completion of agreements with SSE Re…