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Crude Oil
Energy Economy
Aramco Takes FID to Build Refinery and Petrochemical Complex in China
Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N
Oil & Gas
What the Bans on Russian Fossil Fuels Actually Mean
Prices are up—but so is the pressure to switch to electric everything.
Oil & Gas
Eni Suspends Russia Oil Purchase over Ukraine Invasion
Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.
Oil & Gas
Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural r
Oil & Gas
Biden Walks Tightrope Between Need for Oil and Push to Go Green
With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to cl
Oil & Gas
Ukraine Crisis Provides 'Renewed Focus' on Gulf Hydrocarbons
Saudi Arabia, Qatar and UAE are all set to capitalise on the realignment of global energy and Europe's diversification of Russian energy supplies.
Oil & Gas
Norway's Equinor Halts Trading Russian Oil
Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executi
Oil & Gas
Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent
Oil & Gas
India's February Fuel Demand Rises 5.4% Year-on-Year
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry
Oil & Gas
Asian Shares Surge as Russia-Ukraine Talks Buoy Sentiment
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned
Oil & Gas
India's Fuel Demand Rises 5.4% in February
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry
Oil & Gas
US Shale Investors Worry over Impact of Output Jump
US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod
Oil & Gas
EU Leaders Tackle Escape Route From Russian Fossil Fuels
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to ditch their key supplier.
Energy Economy
Chinese Partner Paying over $2 bln to Petrobras for More Interest in Brazilian Field
Chinese oil and gas company CNOOC has sealed a deal with the Brazilian giant Petrobras, which will allow it to acquire an additional interest in the Búzios fie
Oil & Gas
Africa: Nigeria to Maintain Top Positions As Africa's Biggest Oil Producer, Production to Peak in 2023 - Report
Nigeria will retain its number one position as Africa's biggest oil producer as well as maintain the top three gas suppliers on the continent between 2022 and 2
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