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Oil Price
Oil Prices Rise in Early Trade as US Inflation Cools
A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020. Carina Johansen/NTB Scanpix/via REUTERS/File PhotoOil prices rose in early Asian trade …
Coal Trade
N. Korea Continues to Export Coal Despite UN Sanctions
A ship docked at Nampo Port.(Wikimedia Commons)North Korea is actively exporting coal in defiance of a UN Security Council sanctions resolution, Daily NK has le…
Oil & Gas Supply
UK Gas Sufficient to 2050 but Price Spikes Likely – TSO
(Montel) The UK will not experience any significant gas shortages over the next quarter century thanks to diverse supply sources and declining demand but it wil…
Oil & Gas Trade
India Is Using Chinese Yuan to Pay For 10% Of Its Russian Oil Imports, Rest in Rupee and Dirham
India is making about 10 percent of its payments for Russian oil in the Chinese yuan, ThePrint has learnt, with the rest of the payments being made in Indian ru…
Oil&Gas Drilling
Two New Blocks Awarded for Oil, Gas Search
Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Dhaka has been hit hard by a global surge in energy and food prices.—Reuters phot…
Power Construction
Power Prices to Remain Elevated Until Late 2030s, Report Warns
Latest long-term power forecast from Cornwall Insight warns rising power demand, increasing exports, and continued reliance on gas will mean prices are likely t…
Oil Price
Callon Petroleum Company Announces the Closing of Delaware Basin Acquisition and Eagle Ford Divestiture
HighlightsReduces Outstanding Debt by Approximately $300 MillionWill Commence Share Buyback Program in the Third QuarterCallon Petroleum Company (NYSE: CPE) ("C…
LNG
Tinubu Backs $5BN Floating LNG Project Implementation Venture to Provide 7,000 Jobs, Crash Prices —Rone
PRESIDENT Bola Tinubu on Wednesday gave his support to the implementation of a $5 billion Floating Liquefied Natural Gas (FLNG) project in the country.He gave t…
Battery
Australia Forecasts Brutal Lithium Price Correction as Output Surges
Greenbushes lithium mine, the world’s largest, is located 250km south of Perth. (Image courtesy of Talison Lithium.)The lithium market has been in turmoil with…
Oil Price
Saudi Arabia, Russia Deepen Oil Cuts, Sending Prices Higher
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, Septemb…
Oil Price
Sheetz to Offer $1.776 Gas for July 4th in Much of the Region
HUNTINGTON/CHARLESTON, W.Va. (WSAZ) - How does $1.77 a gallon gas sound?It will be a reality Tuesday, July 4 for Sheetz customers in parts of the Mid-Atlantic, …
Oil Price
Iran Exports $19 BN of Crude Oil Jan-May
The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first …
Oil & Gas Trade
Average price cap forecasts fall as Ofgem revises definition of typical energy consumption
Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023,…
Natural Gas
Finnish Gas Demand Set to Rise 27% – TSO
Image: Shutterstock.com(Montel) Finnish gas consumption is set to rise by 27% this year due to lower prices, but demand is unlikely to return to pre-crisis leve…
Crude Oil
Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset w…
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