Oil

Oil & Gas Trade

Asian LNG Traders Snap up U.S. Shale Gas

Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where the fuel is among the cheapest in the world despite what’s turning int…

Oil Price

Brent Oil ‘Scarcity Premium’ Widens as $100 a Barrel Forecast

The scarcity premium embedded in the structure of Brent crude oil futures has widened to the most since 2013 this week, a sign of the tight market underpinning …

Saudi Arabia

TotalEnergies Dives Deeper into Saudi Downstream

State-controlled Saudi Aramco and TotalEnergies have launched two new fuel service stations in Saudi Arabia, the first since the pair set up a joint venture to …

Oil Refinery

France's Feyzin Refinery Restarts Crude Runs

TotalEnergies has restarted the crude distillation unit at its 105,000 b/d Feyzin refinery near Lyon around three weeks after a fire halted operations.

Oil Exploration

QatarEnergy Joins Forces with ExxonMobil for Exploration Offshore Canada

Qatar’s state-owned oil and gas company QatarEnergy has signed a farm-in agreement with ExxonMobil Canada for an exploration license offshore Canada.

OPEC

Saudi Oil Minister: OPEC+ Shouldn't Rush To Boost Production

Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices

Oil Field

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian…

Natural Gas

Natural Gas is the Answer to Energy Crunch, Transition

The reason for this is that not everything in this industry is manufacturer-specific.

Crude Oil

Construction Begins on Niger-Benin Crude Pipeline

China National Petroleum Corporation has commenced the construction of Niger-Benin Crude Pipeline a transnational pipeline that will carry crude from Niger’s A…

Crude Oil

China's Crude Oil Output Picks up in September

China's crude oil production rose 3.2 percent year on year to 16.61 million tonnes in September, according to the National Bureau of Statistics.

Oil Price

Wall Street Projects a “Higher for Longer” Era for Oil Prices

Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been liftin…

Oil Exploration

QatarEnergy Signs Deal with ExxonMobil Canada on Farm-in Exploration License

QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada.

Hydrogen Project

Saudi Arabia to Use $110 billion Natural Gas Field for Blue Hydrogen

A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman

Natural Gas

Refiners Suffer From Record High Natural Gas Prices

Record natural gas prices in Europe and Asia are eroding oil refiner margins

Oil & Gas Trade

Middle East Oil Exporters To See Fast Economic Growth In 2022

The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council are set to book faster economic growth in 2022 than previously expected,…