The 31st OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday, August 3, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince…
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United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to “tax these…
The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a…
OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback to U.S. President Joe Biden after…
OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to…
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its…
A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the…
OPEC pumped an extra 310,000 barrels of oil per day in July as rising supply from the Gulf offset outages in Nigeria and Libya, a Reuters survey…
There is little Russia can do to help with urgent repairs required to malfunctioning Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday,…
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions…
Customs statistics show that Iran has exported 116 million liters of gasoline worth 32 million dollars during the first month of the current Iranian calendar year.
Stating that the Chabahar Port is the commercial transit centre for the region, India’s Minister of Ports, Shipping and Waterways said that it is going to be…
Switzerland is on track to secure the natural gas reserves it is seeking for the winter heating season, the SonntagsBlick paper cited a utility sector official as…
Executives from Tullow Oil (TLW.L) held talks with India’s ONGC Videsh Ltd (ONVI.NS) in Nairobi this week as the London-based firm seeks a…
Russian gas producer Gazprom (GAZP.MM) said on Saturday it had stopped sending gas to Latvia after accusing it of violating supply conditions, a move the…
The OPEC+ group produced almost 3 million barrels per day less crude than foreseen by its quotas in June as sanctions on some members and low investment…
Oil prices jumped more than $4 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will boost…
As Russia restricts gas supplies to Europe, UK energy bills are expect to almost double to nearly £4,000 ($5,000) this winter and remain above £3,000 a year…
The United States is optimistic that there could be some positive announcement when OPEC+ meets next week, a senior administration official said on Thursday, adding that additional…
The U.S. Department of Energy is planning up to a $165 million new investment in a geothermal power initiative that would utilize expertise from the oil and…