Rice

Crude Oil

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…

Crude Oil

Gulf Of Mexico Oil Outages Balloon Beyond Shell

At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of cru…

Crude Oil

IEA Sees Higher Oil Demand This Year

IEA: global crude oil demand will rise by 2.1 million bpd.

Oil & Gas Supply

Switch From Gas Boosts Oil Demand, but Economic Headwinds Loom - IEA

Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, i…

Oil Price

Oil Edges Lower as Supply Disruption Concerns Ease

Oil prices slipped in Asia on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evid…

Oil Refinery

U.S. Oil Refiners, Pipeline Companies Expect Strong Demand for Rest of 2022

U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have wor…

Oil Price

Oil Prices Dip After Industry Data Shows U.S. Crude Stockpiles Rising

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

EU

EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs

The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…

Oil Price

Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks

Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent…

Natural Gas

EU Emergency Gas Plan Can Stabilise or Even Lower Prices - German Network Chief

The head of Germany's network regulator welcomed the European Union's gas emergency plan, which came into effect on Tuesday, in comments to the ZDF broadcaster.…

Australia

Energy Prices Across Australia to Remain High Until 2026

Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…

LNG

Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets

Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…

Oil Price

Energy Bills Are Set to Soar in the UK

As natural gas prices continue to surge, the average energy bill in the UK is set to soar to nearly £4,000 a year ($4800 USD) in January.

Energy Storage Battery

Research Could Pave the Way for Cost-Efficient, High-Performing Calcium-Ion Batteries

Concerns regarding scarcity, high prices, and safety regarding the long-term use of lithium-ion batteries has prompted a team of researchers to propose a greene…

Oil Price

Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …