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Vietnam
Renewed Lockdown to Limit Vietnam's Gasoline Demand
Net importer Vietnam's gasoline demand is expected to take another hit as part of the country returns to a lockdown with rising Covid-19 cases.
Crude Oil
Russia Weighs Gasoline Export Ban
Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange.
Crude Oil
China Taps Into Crude Reserves To Curb Oil Price Rally
The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to c…
LNG
Shell Delivers First Gas from Barracuda Project
Shell Trinidad and Tobago announced that production has started on Block 5C in the East Coast Marine Area in Trinidad and Tobago.
Market Analysis
Carbon Capture is Expected to Play a Pivotal Role in the Race to Net Zero Emissions
Carbon capture technology is often held up as a source of hope in reducing global greenhouse gas emissions, featuring prominently in countries’ climate plans a…
Oil Pipeline
U.S., Germany Strike a Deal to Allow Completion of Controversial Russian Nord Stream 2 pipeline
The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention be…
Crude Oil
Goldman Cuts Q3 Brent Forecast to $75 a Barrel
Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost outpu…
Crude Oil
Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss
After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state of calm in t…
CCS
Chevron’s Carbon Capture Project Falls Short Of Requirements
The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like.
Crude Oil
U.S. Crude Oil Exports Reached Record Levels in 2020, Remain High in 2021
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.
LNG
Japan’s Toho Gas Starts Carbon-Neutral City Gas Supply
Japanese gas distributor Toho Gas plans to start carbon-neutral city gas supplies as a part of its effort to achieve decarbonisation by 2050.
Crude Oil
Sapref to Restart Durban Refinery
BP and Shell's South African joint venture Sapref will restart its 180,000 b/d Durban refinery tomorrow after a temporary shutdown last week in response to civi…
Net Zero Emission
Britain Eyes New Body to Run Its Energy Systems and Meet climate targets
Britain’s government plans to create a new energy system operator to help the country meet its net zero emissions target, which could replace the role of Natio…
Energy Transition
BHP Considering Exiting Oil and Gas Business
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels.
Oil Price
Video: OPEC Deadlock That Drove Oil Prices Up Finally Resolved, Will Petrol And Diesel Prices Fall?
Standoff due to economic rivalry among oil-rich countries in the Middle East has ended.
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