INTERNATIONAL Feed Atom

Russia’s Gazprom to supply extra gas to Hungary and China this year

2 years ago

22 October 2023

12:57 PM

Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying.

China ship is focus of pipeline damage probe, Finland says

2 years ago

21 October 2023

4:03 PM

RoydadNaft – An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container…

Canada court ruling on key environmental law risks deterring investments

2 years ago

20 October 2023

12:36 PM

RoydadNaft – A Canadian court ruling that voided most of Prime Minister Justin Trudeau’s environmental assessment law for resource projects has sparked fresh policy uncertainty…

Russia makes up 40% of Indian oil imports, dents OPEC’s share

2 years ago

20 October 2023

12:31 PM

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

US seeks to buy 6 million barrels for oil reserve by January

2 years ago

20 October 2023

12:26 PM

President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to replenish the emergency stockpile, the U.S. Department of Energy said on Thursday.

Russian wholesale gasoline prices decline, diesel rises

2 years ago

19 October 2023

12:49 PM

Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.

Oil slips as Venezuela sanctions ease, Middle East in focus

2 years ago

19 October 2023

12:43 PM

RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…

Venezuela’s oil sanctions relief may lift profits, no fast output rebound

2 years ago

19 October 2023

12:40 PM

A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.

US oil refiners crank out diesel, further squeezing margins for gasoline

2 years ago

19 October 2023

12:37 PM

U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.

Oil tanker hit by US sanctions heads to Texas for unloading -Exxon

2 years ago

18 October 2023

1:57 PM

An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.

German gas grid operator OGE joins hydrogen pipeline project

2 years ago

18 October 2023

1:51 PM

German gas grid operator Open Grid Europe (OGE) is joining its French, Spanish and Portuguese peers working to develop a multibillion-euro hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe, Chief Financial Officer Frank Reiners said on Wednesday.

Oil spikes as Middle East strife heightens supply concerns

2 years ago

18 October 2023

1:48 PM

Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region, with Iran calling for an oil embargo to be imposed on Israel.

Financials lead slide in Indian shares; oil prices, US rates woes weigh

2 years ago

18 October 2023

1:43 PM

Indian shares declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns about elevated oil prices and U.S. interest rates as well as the Middle East conflict.

Oil producer Suncor tells Canadian lawmakers it is sticking to climate goals

2 years ago

17 October 2023

2:00 PM

RoydadNaft – Canada’s second-largest oil producer, Suncor Energy, told Canadian lawmakers on Monday that the company remains committed to cutting carbon emissions, after its CEO’s…

Indian Point NY plant moves spent nuclear fuel to dry cask storage

2 years ago

17 October 2023

1:57 PM

The Indian Point nuclear power plant in Buchanan, New York, has transferred all spent nuclear fuel to dry cask storage in a move towards decommissioning the plant, the New York State Department of Public Service and Indian Point Closure Task Force said on Monday.

Israel-Palestinian conflict tests Japan’s oil diplomacy

2 years ago

17 October 2023

1:55 PM

As Tokyo scrambled to respond to Hamas attacks on Israel this month, Japanese officials found themselves debating a perennial fear: what does it mean for the resource-poor nation's oil lifeline from the Middle East?

Oil prices in the balance ahead of Biden Middle East trip

2 years ago

17 October 2023

1:45 PM

Oil steadied on Tuesday after sliding more than $1 the day before ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with containing a regional escalation of its war with Hamas.

Saudi Arabia’s crude exports drop to 28-month low in August

2 years ago

16 October 2023

2:48 PM

Saudi Arabia's crude oil exports in August hit their lowest level in 28 months as they fell for a fifth straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

As India frowns on paying for Russian oil with yuan, some payments held up

2 years ago

16 October 2023

2:45 PM

The Indian government's discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said.

Iraq, UAE’s Crescent launch deals to develop three oil and gas fields

2 years ago

16 October 2023

2:41 PM

Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday.