The International Energy Agency (IEA) sees the current level of oil storage in member states sufficient to take action if required to stabilise oil markets, and sees no need to increase strategic reserve requirements, an official said on Tuesday.
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Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country. But it seems like it’s not the only country to have major gas ambitions, as Canada continues to work on a massive new export facility.
Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.
RoydadNaft – China called on Monday for an “objective, fair and professional” investigation into damage to a subsea gas pipeline between Finland and Estonia, saying…
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.
RoydadNaft – An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container…
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…
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.
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 prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.
RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…
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.
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.
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 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.
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.
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.
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…
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.
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?