Oil

Crude Oil

Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack

Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.

LNG

Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe

Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas in Europe, shipping the fuel to Shell in the UK.

Natural Gas

Texas Freeze Caused Record Gas Spot Prices and Outages

In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish da…

LNG

Japan-backed AG&P Says Gets Approval to Develop Philippines LNG Terminal

Atlantic Gulf & Pacific Company said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas import and regasificat…

Solar Power Plant

Dutch Startup Develops Offshore Floating PV Platform

Dutch startup SolarDuck has developed a triangular structure for floating PV that resembles an offshore oil platform.

Oil Price

Oil up Nearly 5% on Possible Extension of Saudi Output Cuts

Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …

Crude Oil

Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs

Brent may trade as high as $80 a barrel in the second half of 2021, analysts say

Paris Climate Agreement

India on Track to Achieve Paris Agreement Targets Before 2030 Deadline, Modi Says

Opec+ decision to continue with output cuts will hurt consumers, according to India’s oil minister

Crude Oil

OPEC, Allies Agree to Keep Oil Output Steady into April

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.

Crude Oil

Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery

U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.

Crude Oil

PetroSA Merger to Form South African National Petroleum Company

In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…

Crude Oil

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.

LNG

Australia’s January LPG Exports Rise by 45pc on Year

Australia's January LPG exports of more than 244,000t rose by 44.7pc from a year earlier but were around 14pc below December shipments, with the year-on-year ri…

Oil & Gas Trade

India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher

India is calling again on the OPEC+ coalition to boost production from April, because the world’s third-largest oil importer is not particularly happy with thi…

Oil Field

EnQuest Starts Shutting Down Don Fields in North Sea

UK oil and gas company EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the…