India is poised to experience a 6 percent growth in natural gas demand in 2024, as projected by the International Energy Agency (IEA).
INTERNATIONAL Feed Atom
Canada’s energy industry is reacting with dismay to United States President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country.
Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market.
Brent crude futures rose $1.12, or 1.4%, to settle at $83.55 a barrel, their highest close since Nov 30. U.S. West Texas Intermediate crude (WTI) climbed 65 cents or 0.8% to $78.01, also the highest close since November.
Before the end of this decade, the world's third-largest crude oil importer, India, is set to become the single biggest driver of global oil demand, replacing China, analysts and forecasters say.
Parkland Corp has temporarily shut down processing operations at its 55,000-barrel-per-day Burnaby refinery in British Columbia, Canada, after encountering an issue with a processing unit, the company said on Wednesday.
Fresh from clinching a 50-billion-euro ($54.43 billion) pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Brent crude futures were up 98 cents, or 1.2%, to $81.02 a barrel at 1150 GMT, while U.S. West Texas Intermediate crude was up $1, or 1.3%, to $76.09 a barrel.
Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia.
India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.
Japan's liquefied natural gas (LNG) imports fell by 8% to 66.2 million metric tons last year to the lowest since 2009, preliminary data from the Ministry of Finance showed, following nuclear power restarts and increased use of renewable energy.
The front-month March contract for Brent crude rose 4 cents to $79.59 a barrel at 0712 GMT. U.S. West Texas Intermediate crude also ticked up 4 cents to $74.41 a barrel.
The European support for the Israeli genocide in Gaza, and the subsequent UK-US attacks against Yemen, have significantly impacted the European imports of refined petroleum products in the first half of January, a report said.
India’s Petroleum and Natural Gas Regulatory Board (PNGRB) has started the bidding process for the 325-km Jammu-Srinagar natural gas pipeline.
Trillion Energy, Canada's oil and gas company, is using artificial lift solutions at a Black Sea natural gas field to monetize reserves for sale.
Norway's natural gas output rose in December to an all-time high, beating an official forecast, while crude oil production was also above expectations, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday.
Brent crude futures lost 31 cents, or 0.39%, to $79.75 a barrel by 1019 GMT, while U.S. West Texas Intermediate crude futures (WTI) shed 33 cents, or 0.44%, to $74.43 a barrel.
UAE's Abu Dhabi National Oil Company has sold more straight-run fuel oil (SRFO) from its Ruwais refinery complex this month via private sales, according to trade sources and ship-tracking data.
TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.
The Australian government said on Monday it had reached new gas supply deals for its east coast energy market, easing some concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations.