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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.

Electricity Trade

Electricity Prices in Ireland Among Dearest in Europe

Comparative study reveals cost of power in State to be lower than that in UK

Crude Oil

Top U.S. Shale Producer Worries Oil Prices could Run too Hot

Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…

Oil Price

Saudi Arabia Hikes Oil Prices Despite Omicron Fears

Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia

Coal Price

NE Asia Coal Prices Retreat on Lower Restocking Demand

The northeast Asian coal market retreated this week in line with wider price weakness in Asia-Pacific.

Oil Price

Goldman Remains Bullish On Oil Despite OPEC+ Decision

Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…

Crude Oil

U.S. May Delay Oil Reserve Release

The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…

Natural Gas

Australian LNG Exports Hit Record High in October

The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.

Iberdrola to Increase Energy Prices from January 1

Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.

Crude Oil

Saudi Arabia May Raise January Oil Prices to Asia

Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month