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Oil & Gas Trade

European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says

The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank

Oil Price

Oil Edges up on Hope of China Demand Revival

Oil prices edged up, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and d…

Hydrogen Fuel Cell

Dynacert Invests $17.5M in Cipher Neutron Under Collaborative R&D Deal

dynaCERT is investing $17.5m in Cipher Neutron as part of a wide-ranging collaborative R&D partnership to develop green hydrogen and AEM electrolyser technology…

Oil Price

Oil Steadies Amid Concerns of Further Interest Rate Raises

Russia could extend output cuts depending on market situation, Deputy Prime Minister says

Oil&Gas Drilling

Valaris Awarded 330-Day Contract Extention by Shell Nigeria for Valaris Ds-10

Valaris has been awarded a 330-day priced option exercised by Shell Nigeria Exploration and Production Company (SNEPCo) offshore Nigeria for drillship VALARIS D…

Market Analysis

Cornwall Insight Release Final Forecast for the April Price Cap

Cornwall Insight has released the final prediction for the April Default Tariff Cap (price cap) following the closure of the observation window1, on 17 February…

Oil & Gas Trade

UK Energy Company Centrica Triples Profit

British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine

Market Analysis

Millions of Households Could Switch Their Energy Supplier in Second Half of 2023

The number of households switching their energy supplier could skyrocket from July 2023, as falling energy wholesale prices coupled with reduced government supp…

Crude Oil

Biden Administration Plans to Sell 26 Million Barrels of Crude

The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…

Solar Power Plant

European Electricity Markets Prices Rise Due to the Growing Demand and the Fall in Wind Power and Solar Energy

In the second week of February, prices of almost all European electricity markets increased compared to the previous week, influenced by the increase in demand …

Oil Price

Producers See Oil Rebound to $100 a Barrel

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia. — ReutersLOND…

Oil Price

Russia proposes caps on oil export discounts -draft law

Image used for illustrative purpose only. A view shows a local oil refinery in Omsk, Russia June 6, 2022. Picture taken June 6, 2022. REUTERS/Alexey Malgavko Im…

Oil Price

Oil Prices Rise Over 2% On Russian Plan to Cut Output

Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…

Oil Pipeline

USA EIA Reveals Latest Gasoline and Diesel Price Forecasts

The U.S. Energy Information Administration (EIA) has revealed its latest gasoline and diesel price forecasts for 2023 and 2024 in its February short term energy…

Oil Price

Oil Prices Steady as Build-up in Us Crude Stocks Eases Supply Fears

Workers on an oil drilling rig in Stanton, Texas. US crude stocks increased by 2.4 million barrels last week, the US Energy Information Administration said. AFP…