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Oil Price

Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out

Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…

Oil Price

BP Beats Estimates Despite Lower Oil Prices

FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter.On Tuesday, it posted an underlying replacement cost profit, used as a pr…

Oil Price

Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data

Oil steadied — after tumbling the most in more than two years on Monday — as the market focused on the prospect for easing hostilities in the Middle East and …

China

China’s Cobalt King Hits Output Goal Months Ahead of Schedule

The world’s No. 1 cobalt miner smashed through its full-year output target last quarter after a speedy ramp-up that’s piled pressure on global price…

Electricity Trade

Spanish Renewables Industry Warns Of Threats To Investment

The mismatch between increasing supply of renewable power and electricity demand that is struggling to grow, coupled with depressed wholesale power prices, thre…

Oil Price

Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations

Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…

Oil & Gas Trade

Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure

Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its ful…

Oil&Gas Drilling

Six-Well North Sea Drilling Campaign With $690 Million Price Tag Coming up Next Year to Unleash More High-Value Barrels

Norwegian oil and gas player Vår Energi has greenlighted a final investment decision (FID) for a multi-well drilling program, which aims to develop the ne…

Indonesia Aims to Manage Nickel Ore Supply to Support Prices

Indonesia aims to manage nickel ore supply and demand to support prices, its mining minister said on Friday, amid reports of delays in the quota approval proces…

Natural Gas

Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output

A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, a…

Oil & Gas Trade

Phillips 66 to Shut Oil Refinery, End Gasoline Output in Los Angeles

Los Angeles-area oil refineryPhillips 66 (PSX.N), said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California'…

LNG

EU Energy Ministers Discuss Ukraine Energy Crisis, Russian LNG

EU energy ministers met in Luxembourg on Tuesday to discuss the bloc's rising Russian LNG imports, Ukraine's energy shortages ahead of winter and how to…

Oil & Gas Trade

TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins

French oil major TotalEnergies (TTEF.PA), opens new tab expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins i…

Crude Oil

Exclusive: Oil Group Mol’s Refineries Shift to Non-Russian Crude Faces Delay

Fuel prices are seen on a board at a gas station of Hungarian oil company MOL Group in Esztergom, Hungary, January 21, 2023. REUTERS/Marton Monus/File Photo Pur…

Oil Price

Oil prices slide 3% on prospect of more OPEC+ oil

A view shows Atyrau Oil Refinery owned by Kazakhstan's state energy company KazMunayGas in the city of Atyrau, Kazakhstan, November 15, 2023. REUTERS/Turar …