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Oil Price
Serbia Caps Fuel Retail Prices for 30 Days
Serbia's government said it capped the fuel retail prices for the next 30 days in a bid to alleviate the impact of the global fuel prices surge on living standa…
Oil Price
Oil Falls on Profit-Taking, All Eyes on Russia, Ukraine
Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped, although losses were…
Crude Oil
Barclays Raises 2022 Crude Oil Price Forecasts on Higher IEA Demand View
Barclays raised its crude oil price forecasts for 2022 on Monday, driven by a revision to demand estimates by the International Energy Agency (IEA) last week.
Oil Price
‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel
Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.
LNG
Asian LNG Prices Stable but Rises Expected on Colder Weather
Asian spot liquefied natural gas (LNG) stabilised this week but is expected to rise over the coming weeks as below-normal temperatures across much of north-east…
Oil Price
Asia Stocks Skid on Ukraine Fears, Oil at 7-year Peak
Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro.
Oil & Gas Supply
Cutting Russia’s Oil Flow To Europe Would Be A Disaster
The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe.
Oil Price
Opec+ Supply Shortfall Could Push Oil Prices Higher, IEA Says
An oil supply shortfall from Opec+ group of countries may lead to a tighter market and push prices higher, according to the International Energy Agency.
Oil Price
Oil Prices Pump over 3% on Supply Concerns over Ukraine Crisis
Oil prices rose for an eighth straight week amid growing concerns about supply disruptions as a result of intensifying geopolitical tensions in eastern Europe a…
Natural Gas
Equinor Posts US$15bn Earnings on High Gas Prices
Equinor capitalised on high prices for gas and liquids by posting earnings of US$15bn and recording free cash flow of US$25bn in Q4 2021.
Natural Gas
Gas Crunch Causes Electricity Crisis Despite Record Cheap Clean Energy. Time to Create a “Green Energy Pool”?
In the UK and similar nations, the gas crisis is ballooning electricity prices too.
Oil Price
Big Oil Is Pumping out Cash as if $100 Oil Has Already Arrived
The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.
Oil Price
South Korea's Hyundai Oilbank to Supply 80,000 b/d Middle Distillates to Aramco Trading
South Korean oil refiner Hyundai Oilbank has agreed to provide Won 3 trillion ($2.5 billion) worth of refined oil products to oil giant Saudi Aramco's trading a…
Oil Price
Higher Oil & Gas Prices Lift TotalEnergies Profit
French energy major TotalEnergies saw its quarterly profit soar at the end of last year while returning to the black on a year-over-year basis driven by higher …
Nearly 20% of Scottish Firms ‘Expect to Reduce Operations Due to Rising Energy Prices’
One-in-five businesses in Scotland expect to reduce operations this year due to the increase in energy prices.
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