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Crude Oil
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…
Crude Oil
Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks
Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.
Crude Oil
Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d
China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's …
Electricity Trade
Power Prices Reach Stunning EUR 400 per MWh in Europe
Power prices reached critical levels across Europe amid a surge in costs for natural gas and an outage in France.
Natural Gas
High Gas Prices Push up Electricity Cost in EU
Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
Crude Oil
Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Offshore Wind Power
First Commercial PPA in Croatia Signed by wpd, Danske Commodities
Energy project developer and operator wpd and energy trader Danske Commodities signed a fixed-price commercial power purchase agreement – PPA for the Orlice wi…
Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
Oil Price
Iran Bases Its 2022 Budget on $60 oil
The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.
Oil Price
Saudis Foresee Oil Price Spikes from Energy Transition Efforts
Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energ…
Crude Oil
Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August
Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Oil & Gas Supply
Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021
2022 oil output forecast at 1.055 mil b/d vs 960,000 b/d in 2021
Solar Company
China’s Solar Giants Make a Bid to Dominate Hydrogen Power
Firms accelerate electrolyzer production, seek to slash prices
Natural Gas
European Gas Extends Gains as Giant Field in Norway Cuts Output
European natural gas prices extended gains as one of the region’s biggest fields curbed output because of a fault.
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