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Crude Oil
India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year
India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial acti…
Natural Gas
Global Crunch Likely to Double Local Gas Prices
An accelerated recovery in energy demand from the covid-lows coupled with inadequate supply expansion in 2021 vaulted prices to record highs, sending shockwaves…
Crude Oil
Factbox: Asian buyers of Russian oil, gas and coal
As the Ukraine-Russia crisis intensifies, Brent crude futures have hit fresh seven-year highs as analysts warn trade sanctions may have implications for Asian c…
LNG
Shell Sees LNG Demand Climbing by 90% over Next 20 Years
Global liquefied natural gas demand is set to surge by 90 percent by 2040 compared to 2021 to exceed 700 million tons annually in two decades, as LNG and gas wi…
Crude Oil
Oil Rises and Natural Gas Surges 8% as Russia Orders Troops to Ukraine
Energy prices, notably natural gas and crude, climbed sharply, amid the threat of a full-scale invasion of Ukraine by Russia.
Texas Oil Refinery Workers Ratify Exxon Contract Offer, Ending Lockout
Union workers locked out of their jobs at a Texas oil refinery for nearly 10 months voted on Monday by a nearly two-thirds margin to accept an Exxon Mobil Corp …
Oil Price
Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal
Oil prices tumbled giving up early gains on Monday as US President Joe Biden and Russia's Vladimir Putin plan to hold a summit on the Ukraine crisis and on pros…
Oil Price
Gas Prices in Seoul Top 1,800 Won Per Liter
Gas prices in Seoul topped 18-hundred won per liter on Monday for the first time in 14 weeks.
Crude Oil
India Move to Fill up Crude Oil Storages
Indian Strategic Petroleum Reserves Limited issues tenders to fill up the reserves at Visakhapatnam and Mangalore
Natural Gas
Turkey’s Underground Gas Storage Capacity to Reach 10 Bcm in 2023
Turkey is working to increase the natural gas storage capacity at its facilities.
Oil & Gas Supply
European Gas Storage Levels Survive Winter but Summer Refilling Looms
European gas storage levels have fallen less than feared after a mild winter and unprecedented deliveries of liquefied natural gas (LNG), but refilling will be …
Crude Oil
Global Mobility Resumes Path to Recovery After Asian COVID-19 Setbacks
Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging f…
Natural Gas
Egypt: GECF at EGYPS - Natural Gas Fuel for Sustainable Development
Natural gas will continue to play a crucial role in alleviating energy poverty, fuelling economic growth, expanding prosperity, and contributing to the protect…
Natural Gas
Ukraine and Putin: An Expanded Perspective
Ukraine is the largest natural gas transit system in the world, particularly to Europe and earns roughly $1.2 billion per year from transit fees at $2.66 per 10…
Oil Price
Soaring Fuel is Bad Timing for Governments Facing Voters
Oil’s relentless march toward triple figures has already prompted political action from incumbents. India cut retail taxes on gasoline and diesel in November a…
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