Oil

Oil Field

Senex Energy to Buy 2 Undeveloped Gas Fields From APLNG for A$80 Million

Senex Energy Ltd. said it intends to recommend an improved offer from South Korea's Posco International Corp. that values its equity at 852.1 million Australian…

Crude Oil

Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise

Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco…

Oil Price

Soaring Oil Prices Could Push for Clean Energy Faster

Oil prices have hit over $80 a barrel and a seven-year high, and with economies pushing through pandemic recovery and a good portion of the Northern Hemisphere …

Natural Gas

Biden Admin Considering Shutting Down Another Pipeline, Drawing Criticism and Dire Warnings As Winter Nears

The Biden administration's energy policies have drawn criticism as gas prices surge heading into the winter months

LNG

EIA: US LNG Exports Climb Week Over Week

Energy Information Administration weekly report shows that LNG exports from the U.S. climbed this week, with Henry Hub prices going down.

Crude Oil

Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says

U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his reque…

Oil & Gas Trade

Shell Resumes Oil Exports at Mars and Ursa in the Gulf of Mexico

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of M…

Crude Oil

BP Says Global Oil Demand has Passed 100 million Barrels per day

As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before …

Oil Pipeline

Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch

The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come…

Crude Oil

CNOOC Gives Green Light to Uganda Crude Project

China's state-controlled CNOOC has taken a final investment decision on the Kingfisher crude project in Uganda.

Natural Gas

Ukraine Plans Gas Measure Change from May 2022

Ukraine's parliament has supported a revised bill requiring gas reporting to be measured in energy units rather than volumetric space, with effect from May 2022…

Oil & Gas Supply

Opec+ JMMC Recommends Sticking to Output Policy

The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even …

Crude Oil

Oil Exporters to See Large Surpluses in 2021 and 2022 Amid Higher Crude Prices

Prices are also up because of underinvestment in the sector, which led to tighter supply

Natural Gas

South Korea Cuts Price of Domestic Natural Gas for Hydrogen Production by 25%

South Korea has cut the domestic price of natural gas used to make hydrogen by 25% to help lower hydrogen production costs in a bid to boost hydrogen consumptio…

Oil Price

LNG Prices Soar To New Record In China

There is one recurring problem with central planning: the greater the level of intervention, the worse and more widespread the unexpected adverse consequences.