The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to…
ECONOMY Feed Atom
Several Asian refiners are likely to maximise gasoline output from May and reduce gasoil output, cashing in on higher profits for the motor fuel ahead of the…
In its Oil Market Report, the IEA said that the latest OPEC+ cuts could exacerbate the oil supply deficit and push oil prices higher.
Oil prices are on course for their fourth consecutive weekly gain, with WTI trading above $82 and Brent trading above $86.
In its latest…
Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in…
Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.
Oil products shipments from TotalEnergies’ Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having joined strike action…
OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers on April 2, although…
When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from…
One of the world’s biggest challenges is slashing emissions before it’s too late. In fact, we’ve only got until 2050 in order to avoid some of the…
Iranian Oil Minister Javad Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s…
Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied…
Malaysia’s national oil company Petroliam Nasional Berhad aims to restart a gas pipeline currently under force majeure by the first quarter of 2024, a senior company executive…
Oil prices steadied Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on interest rate…
In its Short-Term Energy Outlook, the EIA said that it expects the global oil market to remain in surplus this year and next.
Despite…
In 2020, Saudi Energy Minister Prince Abdulaziz bin Salman warned he would “make sure whoever gambles on this market will be ouching like hell.”
Iran’s gasoline consumption in the first 19 days of the Persian New Year (March 21 – April 8) shows a nine percent rise compared to figures from…
As announced by the Iranian deputy energy minister, 6,100 megawatts (MW) was added to the country’s electricity generation capacity in the past Iranian calendar year 1401 (ended…
The managing director of South Pars Gas Complex (SPGC) announced that more than 110 million barrels of gas condensate were sent to Persian Gulf Star Refinery (PGSR)…
Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion respectively in costs deducted as part of profit-sharing…