Petrol

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

Norway

Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets

Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producin…

Crude Oil

More Oil From U.S. Strategic Petroleum Reserve Heads to Europe

Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…

Crude Oil

Shell Agrees to Sell its Russian Petrol Stations

LUKOIL will buy Shell’s Russian retail and lubricants businesses

Oil & Gas Trade

How Much Russian Oil is Europe Importing?

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.

Oil&Gas Drilling

Chevron Cleared to Start up Gorgon and Jansz Feed Gas Pipeline and Wells

Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, s…