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Petrol
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…
Oil Refinery
France Struggles with Refinery Strikes, but Not Planning Petrol Rationing
More than a fifth of France's service stations were grappling with supply problems on Saturday as strikes at refineries run by oil majors TotalEnergies and Exxo…
Crude Oil
U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Oil Price
Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol
The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…
Oil Price
U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.
Crude Oil
U.S. Crude in SPR Hits Lowest Level Since January 1985
U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, accordin…
Coal Price
India Buys Discounted Venezuelan Petcoke to Replace Coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation…
Offshore Wind Power
RWE and Hellenic Petroleum Collaborate to Develop Offshore Wind Farms
RWE and Hellenic Petroleum Holdings, through their respective subsidiaries RWE Renewables GmbH and HELPE Renewables SA, have joined forces to jointly explore of…
Natural Gas
Norway Ramps up Natural Gas Production to Combat Energy Crisis
Norway’s authorities have approved applications from operators to boost production from several gas fields, the Norwegian Ministry of Petroleum and Energy said…
United States
Surge in U.S. Renewable Diesel Supply Won’t Offset Loss of Petroleum Diesel
A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity f…
Carbon Emissions
European Parliament Backs Outlawing of Petrol and Diesel Vehicles by 2035
As part of the Fit for 55 package, European parliamentarians have supported revision of CO2 emission performance standards for new vehicles.
LNG
Shell Eastern Petroleum Signs MoUs With Japan LNG Buyers
Agreement between Shell Eastern Petroleum, Tokyo Gas and Osaka Gas aims to accelerate decarbonisation across respective production value chains.
Electric Vehicle Charging
UK Electric Charging Costs Jump £4 Due to Energy Crunch
RAC reports UK electric charging costs have risen £4 in 8 months - but that's still £10 less than the rise in petrol costs.
Crude Oil
Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
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