Egypt is continuing to pay energy groups despite the difficult situation it is going through because of the conflict in Gaza, the Chief Executive of Italy's Eni Claudio Descalzi said on Friday.
INTERNATIONAL Feed Atom
Canada has proposed changes to its draft clean electricity regulations that aim to achieve a net-zero emissions power grid by 2035 after receiving extensive feedback during consultations, the federal environment minister said on Friday.
Canada's western provinces are selling fracked gas as a global climate solution. But experts across the Pacific say that’s ‘outdated’ and inaccurate.
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February, four trade sources said and ship tracking data showed.
Brent crude futures were down 53 cents, or 0.6%, at $82.33 a barrel at 0915 GMT. U.S. West Texas Intermediate crude futures fell 33 cents to $77.70.
Brent crude futures fell 37 cents, or 0.5%, to $81.23 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures declined 44 cents, or 0.6%, to $76.20.
Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast in sharp contrast with projections by producer group OPEC.
Shell said on Tuesday it will not proceed with the Nebras petrochemical project in southern Iraq as part of its review of its operations in the sector that has seen a sharp drop in profits in recent years.
Brent crude futures rose 6 cents, or 0.07%, to $82.83 a barrel by 0953 GMT. U.S. West Texas Intermediate (WTI) crude futures were flat at $77.87.
An Indigenous community in Alberta on Monday criticized Obsidian Energy for failing to address ongoing concerns about its operations after regulators said the Canadian oil and gas producer was responsible for a series of earthquakes.
Algeria has launched the official website for the upcoming 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government, scheduled to take place in Algiers, the Democratic Republic of Algeria, on March 2, 2024.
In January, India experienced an 8.2% year-on-year increase in fuel consumption, according to government data released. This surge was attributed to robust industrial activity in the country, which is the world's third-largest oil consumer.
Brent crude futures were 29 cents, or 0.4% lower, at $81.90 a barrel, while U.S. West Texas Intermediate crude futures were down 28 cents, or 0.4%, at $76.56 a barrel at 0746 GMT.
India has signed the world's largest LNG deal with Qatar, ensuring uninterrupted supply for 20 years. Petronet's renewal of the 7.5 million tonnes per annum contract, signed in 1999, will help India achieve clean energy goals.
India's oil and gas sector is experiencing growth due to increased demand, strategic investments, and a shift from Russian crude imports, indicating a promising future for the nation's economic recovery.
Brent crude futures settled up 56 cents, or 0.7%, at $82.19 a barrel. U.S. West Texas Intermediate crude futures settled up 62 cents or 0.8%, at $76.84 a barrel.
February's oil and gas public offering in the province of Saskatchewan added more than $10 million to the coffers of the Canadian government.
India's Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday.
Brent crude futures slipped 6 cents, or 0.1%, to $81.69 a barrel by 0851 GMT, while U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $76.43 a barrel.
