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Rice
Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices
The Texas-based company posted a net profit of $19.66bn for the three months to September 30.
Natural Gas
European Natural Gas Prices Fall Amid High Storage Levels and Warm Weather
Concerns are growing about the continent's ability to meet 2023 demand as Russian supplies dwindle.
France
France Cuts Volume of Nuclear Power EDF Must Sell Cheaply in 2023
France will next year require state-owned utility EDF, which is soon to be fully nationalised, to sell less of its nuclear power at prices set by the regulator …
Australia
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
Natural Gas
Europe’s Gas Use Down in September as High Prices Hit Industry
Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were …
LNG
LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in E…
Oil Price
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…
LNG
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Natural Gas
EU Edges Towards Gas Price Cap With More Emergency Talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday lef…
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Natural Gas
EU Countries Look to Map Out Path to Gas Price Cap
European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks bef…
Natural Gas
Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices
60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.…
Oil Price
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…
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