Oil

Germany

German Finance Minister Plans Gasoline Discount

German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday.

Oil Price

Oil Prices Fall, Continuing Downward Trend From Last Week

Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to h…

Crude Oil

Countries and Companies Shun Russian Crude over Ukraine Invasion

Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's …

LNG

EIA: US Weekly LNG Exports Down by One

The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week.

Crude Oil

Aramco Takes FID to Build Refinery and Petrochemical Complex in China

Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…

LNG

Worley to Pull out of Russia over Ukraine Invasion

Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.

Oil Price

Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads

The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…

Crude Oil

What the Bans on Russian Fossil Fuels Actually Mean

Prices are up—but so is the pressure to switch to electric everything.

Saudi Arabia

Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected

A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.

Oil&Gas Drilling

Ukraine-Russia Conflict Could Impact Vietnam Oil Drilling

PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.

Crude Oil

Eni Suspends Russia Oil Purchase over Ukraine Invasion

Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.

Oil & Gas Supply

Iraq's Oil Supply Compatible with Global Demand

Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.

OPEC

G7 Energy Ministers Call on OPEC to Play 'Key Role' in Boosting Oil Supplies

G7 energy ministers on March 10 called on OPEC to "play a key role" in boosting oil supplies to international markets where production is not meeting full capac…

Oil Price

Petrol Prices to ‘Keep Climbing’

Sky News business reporter Edward Boyd says US inflation has hit a 40 year high, with fuel prices up 38 per cent.

Electric Car

Why Russia’s Invasion and Surge in Oil and Metals Prices is Bad News for EVs

The cost of filling up the tank of an internal combustion engine car will make people think about going electric.