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Jun 12, 2024
Turkmenistan to soon begin gas exports to Turkey
Turkmenistan is on the verge of starting natural gas exports to Turkey, and subsequently Europe, via the expanded Trans Anatolian
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Jun 10, 2024
Iraq Expects Kurdistan Oil Exports to Restart Soon
The Iraqi government expects to reach an agreement with the government of the Kurdistan autonomous region to resume exports
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May 25, 2024
Kazakhstan joins EU program for sustainable
Kazakhstan is considering new procurement standards to maximise the efficiency and effectiveness of state spending while minimising the environmental impact
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May 19, 2024
Saudi Aramco Signs MOUs with U.S. Firms to Advance
In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant
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May 11, 2024
Oil Prices Are on Course for the First Weekly Gain
Crude oil prices started moving higher early on Friday, set to book their first weekly gain in several weeks
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May 11, 2024
Biden to Announce New Tariffs on Chinese EVs and
President Biden will announce new tariffs on Chinese products next week, with electric cars among the products targeted, Reuters
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May 1, 2024
Weak Diesel Demand Has Traders Hunting for East
Tepid demand for diesel and other distillate products such as heating oil has had traders competing for storage tanks
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May 1, 2024
Iraq To Start First West Qurna Gas Production This
Iraq will see first natural gas production at its supergiant West Qurna field by the end of this year,
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Apr 24, 2024
Petrol prices on UK forecourts hit 150p a litre
Petrol prices across the UK have hit an average 150.1p a litre, reaching the highest level since last November,
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Apr 23, 2024
American Gasoline Prices Rise for Third Straight
The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents
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Apr 21, 2024
Oil Prices Surge as Israel Carries Out Airstrikes
Israel launched missile strikes against Iran in the early morning hours, a U.S. official told ABC News today. The news was
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Apr 17, 2024
Asian LNG Prices Soar on Fears of Wider Middle
Spot LNG prices in Asia jumped to the highest level since the beginning of January amid concerns that the
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Apr 10, 2024
Happy Eid Al-Fitr
May this Eid bring joy and love to your heart and create all the opportunities of success for you!
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Apr 8, 2024
Saudi Aramco Suspends Two Oil Contractors
Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one
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Apr 8, 2024
Oil Prices Fall as Israel Withdraws Some Troops
Oil prices retreated at the start of the week on signs that there is a possibility of a ceasefire
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Apr 7, 2024
Hattiesburg propane trading jumps on Dixie line
Propane spot trading activity surged at Hattiesburg, Mississippi, this week as market participants prepared for maintenance on a segment
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Apr 6, 2024
Saudi Arabia Hikes Oil Prices in Increasingly
Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its
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Mar 27, 2024
What are fossil fuels? Where does the UK get its
The UK has pledged to reach “net zero” – where no additional planet-warming greenhouse gases are added to the
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Mar 27, 2024
Oil Prices Under Pressure As U.S. Crude Oil
Crude oil inventories in the United States rose this week by 9.337 million barrels for the week ending March
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Mar 26, 2024
Russia Demands Oil Producers Slash Output for OPEC+
Russia’s government has ordered oil companies to lower their output in the second quarter so that the country can meet its
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Mar 11, 2024
OPEC+ Failed to Hit Its Production Target Yet
The OPEC+ group’s combined crude oil production in February was little changed from January and still above the overall
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Mar 11, 2024
Oil Prices Start the Week Lower as Concerns About
Chinese oil demand is back in the spotlight, exerting pressure on oil prices to start the new trading week
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Mar 6, 2024
Saudi Arabia Raises Oil Prices for Asia
Saudi Arabia raised the official selling prices of its crude for Asian buyers following the extension of the OPEC+
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Feb 20, 2024
3 Stranded Tankers with Russian Sokol Crude
Three tankers carrying Russia Sokol oil that have been stranded due to Western sanctions have started heading towards China, Reuters reported
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Feb 18, 2024
Russia’s Crude Processing Rates Drop in February
Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of
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Feb 15, 2024
Shell Expects Global LNG Demand To Jump by 50% by
Global demand for liquefied natural gas (LNG) is expected to surge by 50% by 2040, driven by higher demand
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Feb 15, 2024
Oil Prices Steady as Middle East Conflict
Oil prices were holding steady after initially gaining 1% on Wednesday as the Israel-Hamas conflict gained momentum in Lebanon,
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Feb 15, 2024
India’s Natural Gas Consumption Set To Triple by
India’s industry expansion and rising oil refining to meet higher fuel demand are set to drive a tripling of
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Feb 13, 2024
Oil prices hang on to last week’s gains after
Oil prices were largely flat Monday after rallying more than 6% last week on escalating Middle East tensions. The West Texas Intermediate
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Feb 13, 2024
Aramco’s CEO Says Shareholders to Decide on
Shareholders in Saudi Aramco will decide whether the world’s largest oil firm will proceed with a new share offering
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Feb 12, 2024
Brazil’s Gas Imports Fall to Lowest Level In 20
Brazil’s natural gas imports fell to a 20-year low last year, according to data from the National Agency for
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Feb 12, 2024
Oil Prices Set for a Weekly Gain as Hope for
After a weak start to the week, crude oil benchmarks appear set for a weekly gain after the news
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Feb 7, 2024
Oil Market Needs $14 Trillion: OPEC Secretary
The global oil market will require $14 trillion in investments over the next 20 years if oil-producing nations hope
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Feb 7, 2024
Saudi Order to Halt Oil Capacity Expansion Won’t
The Saudi government’s order for Aramco to suspend work on expanding its oil production capacity from 12 to 13
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Feb 6, 2024
Prediction of Oil Shortage by 2025
Warren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude
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Feb 4, 2024
European Industry Hesitant to Boost Natural Gas
European industries continue to be hesitant about boosting natural gas consumption, although prices are now a fraction of the
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Feb 3, 2024
U.S. Charges Iranian Oil Trafficking Network Over
The United States announced terrorism and sanctions-evasion charges on Friday, including asset seizures, over a billion-dollar network linked to
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Jan 31, 2024
Saudi State Orders Aramco to Stop Oil Capacity
The Saudi state has ordered energy major Aramco to stop work on expanding its maximum sustainable capacity to 13
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Jan 31, 2024
OPEC Production Cuts Send Marathon
Ohio-based oil refiner Marathon Petroleum (MPC) saw its Q4 profits exceed analyst expectations, the company reported on Tuesday—thanks in
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Jan 31, 2024
Crude Oil, Product Inventories Fall, Boosting
Crude oil inventories in the United States fell again this week, by 2.5 million barrels for the week ending
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Jan 30, 2024
Naphtha Margins Jump To 2022 High as Ship with
Refining margins for naphtha in Asia jumped to their highest level in nearly two years on Monday, following an
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Jan 29, 2024
Oil Prices Climb After Drone Attack Kills Three
Crude oil prices started the week with a gain following a drone attack in Jordan that killed three U.S.
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Jan 28, 2024
North Dakota Oil Production Climbing Back Faster
North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by
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Jan 27, 2024
Shell To Convert German Refinery To Base Oil
Shell plans to convert its oil refinery at the Wesseling site in Germany into a production unit for base
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Jan 27, 2024
U.S. Sanctions Strand 10 Million Barrels of
About 10 million barrels of Russian crude oil have been stranded off the coast of South Korea thanks to
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Jan 24, 2024
Cost Of Carrying Fuel from Mid East to Asia Grows
The cost of carrying some fuels from the Middle East to Asia has jumped by 182% since January 12,
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Jan 24, 2024
Oil Prices Slip as Oversupply Concerns Trump
Oil prices struggled for direction and fell early on Tuesday, reversing Monday’s gains, as concerns about oversupply overshadowed the
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Jan 24, 2024
Large Rise in Gasoline Stocks Offsets Large Crude
Crude oil inventories in the United States fell this week by 6.674 million barrels for the week ending January
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Jan 21, 2024
Fuel prices: Retailers must share updates within
Fuel retailers will have to share any changes to the price they are charging at the pump within 30
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Jan 20, 2024
Red Tape Is Undermining European Clean Energy
Clean energy projects across the EU are failing to reach completion due to red tape, Miguel Stilwell d’Andrade, the
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Jan 20, 2024
Brent Backwardation Increases as Red Sea
The crude oil markets—including some physical markets—are showing signs of tightening as concerns about crude oil transit times due
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Jan 14, 2024
Is the economy facing another energy price shock?
Both Prime Minister Rishi Sunak and US President Joe Biden cited the global economic impact of Houthi attacks on
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Jan 14, 2024
Oil prices rise after Iran seizes tanker
Oil prices have risen after Iran seized a tanker off the coast of Oman, raising concerns fuel prices could
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Jan 13, 2024
Biden Administration Plugs Away At Refilling Oil
The Biden Administration took one more baby step towards refilling the nation’s Strategic Petroleum Reserves (SPR), announcing on Friday
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Jan 13, 2024
Total Energies Port Arthur Refinery Shuts Crude
The Total Energies refinery in Port Arthur, Texas, has been forced to shut down its two crude distillation units
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Jan 1, 2024
*Happy New Year!*
As the New Year dawns, we send our warmest wishes for a year filled with joy, success, and endless
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Dec 30, 2023
China Maintains Fuel Export Quotas Steady for 2024
The first batch of fuel export quotas that China has issued for 2024 is basically unchanged from the first
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Dec 30, 2023
Europe’s Diesel Refining Margins Slump by 40% as
Refining margins for diesel in Northwest Europe end this year 40% below the levels from the end of 2022,
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Dec 28, 2023
Oil Inventories Rise Toward the End of 2023
Crude oil inventories in the United States rose this week by 1.837 million barrels for the week ending December
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Dec 28, 2023
China and India Account for More Than 90% of
China took in half of all the crude oil that Russia exported this year, with India a close second,
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Dec 28, 2023
Iran Reports Growth in Oil, Gas Exports
Iran has exported $26.46 billion worth of crude oil since the start of its calendar year, in March, contributing
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Dec 27, 2023
Oil Jumps on New Red Sea Ship Attack
Crude oil rose on Tuesday following the latest strike by Yemen’s Houthis on a container ship in the Red
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Dec 25, 2023
Oil Prices Steady Before Holiday
Crude oil prices were trading slightly down on Friday afternoon, just hours before the weekend and the Christmas holiday,
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Dec 24, 2023
Russia’s LNG Export Plans Suffer Setbacks Due to
Potential contract cancellations for the construction of ice-class LNG carriers and U.S. sanctions on the latest Russian LNG export
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Dec 23, 2023
India To Grow Thermal Coal Power Fleet As Demand
India will increase the size of its thermal power fleet, the country’s power minister said, to meet an increased
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Dec 23, 2023
Asia-Bound U.S. LNG Cargoes Avoid The Red Sea Route
Several cargoes of LNG loaded in recent days at U.S. export facilities and bound for Asia have changed course
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Dec 23, 2023
Russia To Cut Oil Exports From Sea Ports in January
Russia is planning to scale back oil exports from its sea ports next month by between 100,000 and 200,000
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Dec 21, 2023
Chinese Banks Lead $120 Billion Global Financing
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research
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Dec 21, 2023
Russia’s Oil Exports to China and India Surge
Russia has increased significantly its crude oil exports to China and India this year, with volumes to China hitting
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Dec 20, 2023
Russia’s Crude Exports Rising Despite Maintenance
Russian crude oil shipments continued to increase on a four-week average basis, despite maintenance work that reduced flows out
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Dec 20, 2023
UAE Firm Announces Major Natural Gas Discovery in
UAE’s Mubadala Energy announced a natural gas discovery in an offshore block in Indonesia. The discovery, analysts say, is
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Dec 20, 2023
EU Extends Emergency Natural Gas Price Cap Through
The European Union’s energy ministers approved on Tuesday a plan to extend the emergency cap on natural gas prices for another
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Dec 19, 2023
Chinese State Giant Buys Venezuelan Oil After U.S.
China’s state oil and chemicals giant Sinochem has bought a rare cargo of Venezuelan crude, trade sources told Reuters
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Dec 19, 2023
Oil Prices Hit Two-Week High on Red Sea Shipping
Crude oil prices hit the highest in two weeks following BP’s announcement it will temporarily reroute its tankers away
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Dec 19, 2023
Turkey Saved $2 Billion This Year by Importing
Turkey, which has become one of the biggest buyers of Russian oil after the EU embargo on Moscow’s crude
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Dec 18, 2023
Oil Prices Climb As Russian Exports Drop and
Crude oil prices began the week with a 1% gain in mid-morning trade in Asia as the latest news
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Dec 16, 2023
India Resumes Imports of Venezuela’s Crude Oil
India is resuming imports of crude oil from Venezuela for the first purchases since 2020 as the U.S. lifted
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Dec 16, 2023
Global Coal Demand Is Set to Hit a Record High in
Global coal demand is set to rise by 1.4% this year and surpass a record-high level of 8.5 billion
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Dec 14, 2023
OPEC Maintains Oil Demand Outlook Amid Resilient
OPEC kept on Wednesday its oil demand growth forecasts for this year and next, citing better-than-expected economic performance so
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Dec 13, 2023
Oil Prices Continue to Fall Ahead of the EIA
Crude oil prices began the day with a loss in Asian trading today as concerns about oversupply and weak
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Dec 13, 2023
Oil Sinks to 6 Month Low As Inflation Fears Persist
Crude oil prices dropped sharply on Tuesday, with WTI falling by more than 4 percent as traders appear spooked
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Dec 12, 2023
M&A Boom Sees Permian Oil Deals Surpass $100
The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a
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Dec 12, 2023
Chinese Demand for Saudi Crude Slumps to 5-Month
Demand for Saudi crude at Chinese refiners is at its lowest since August after the world’s top crude exporter
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Dec 11, 2023
Oil Prices Continue to Climb on SPR Refill News
rude oil prices began trading this week with a gain, extending Friday’s rally as news emerged that the U.S.
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Dec 11, 2023
Saudi Arabia to Supply Full Oil Volumes to North
Saudi Arabia will supply full contracted volumes to several North Asian clients next month despite extended cuts, Reuters has
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Dec 11, 2023
India Could Boost Russian Crude Imports As Prices
As the price of Russia’s flagship crude fell below the $60 per barrel price cap and international benchmarks slumped,
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Dec 10, 2023
More U.S. Diesel Headed To Europe In December
The United States is on track to ship more diesel to Europe this month, with Europe’s diesel imports from
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Dec 7, 2023
Crude Oil Tanks Nearly 4% as US Output Overshadows
Prices of Brent crude and West Texas Intermediate were down nearly 4% on Wednesday as an unexpected and significant
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Dec 7, 2023
Report Shows Nuclear Energy Production Fell by 4%
Nuclear energy’s share in global electricity production fell by 4% in 2022, year-on-year, reaching its lowest since the 1980s,
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Dec 6, 2023
Russia Says US-Led Effort to Triple Nuclear Energy
Russia didn’t sign up to a U.S.-led pact pledging to triple nuclear energy capacity by 2050, but Moscow welcomed
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Dec 6, 2023
U.S. Crude and Products Builds Send Oil Prices
Crude oil inventories in the United States rose this week by 594,000 barrels for week ending December 1, according
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Dec 5, 2023
West Pressures Flag States in Clampdown on Russian
Some of the most popular flag states for oil tankers – Panama, the Marshall Islands, and Liberia – have
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Dec 4, 2023
Oil Prices Under Pressure Despite Rising
Crude oil prices whipsawed between an early gain and a loss in a matter of hours in pre-noon trade
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Dec 4, 2023
U.S. Adds Three More Shippers to Russian Sanction
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added three additional companies and
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Dec 3, 2023
IEA Raises Oil Demand Outlook For 2023 And 2024
Despite concerns about the economy, global oil demand continues to exceed expectations, according to the International Energy Agency (IEA)
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Dec 2, 2023
Dutch Fund Keeps Shell, BP in Portfolio as it
Dutch pension fund Pensioenfonds Metaal & Techniek (PMT) is divesting from 40 oil and gas companies, but will keep
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Dec 2, 2023
Russia’s Urals Crude Price Drops but It’s Still
The average price of Russia’s flagship crude grade, Urals, dropped in November from October but was still way above
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Nov 28, 2023
Chevron’s Kazakh Oil Output Hit in Raging Black
Crude oil loadings at key Black Sea ports in Russia and Ukraine continue to be halted amid a raging
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Nov 27, 2023
Jordan Considers Alternative Gas Supplies Amid
Jordan is considering diversifying its natural gas supplies amid fears that there could be disruptions in the flow of
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Nov 27, 2023
Oil Prices Start the Week With a Decline
Crude oil prices began the week with a slide ahead of the postponed OPEC+ meeting that will now be
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