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Oil Price
‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel
Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.
Crude Oil
Continental to Boost Oil Output by a Third in 2022
Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.
LNG
Qatar's Asian Gas Contracts Hamper Ukraine Planning
Qatar's deepening trade in natural gas with Asia is complicating global efforts to protect Europe from the threat of an energy squeeze by Russia.
LNG
Asian LNG Prices Stable but Rises Expected on Colder Weather
Asian spot liquefied natural gas (LNG) stabilised this week but is expected to rise over the coming weeks as below-normal temperatures across much of north-east…
LNG
U.S. Supplies Give China Muscle to Become Major Force in Global LNG Trade
Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalisations at home and recently…
Oil Price
Asia Stocks Skid on Ukraine Fears, Oil at 7-year Peak
Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro.
Offshore Wind Power
Eni Acquires 20% Stake in Dogger Bank C Offshore Project in UK
Italian oil and gas company Eni has acquired a 20% stake in the Dogger Bank C offshore wind project in the UK following the completion of agreements with SSE Re…
Saudi Arabia
Aramco Shares Switch May Boost Saudi Renewables
Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…
Natural Gas
‘Poland’s Gas Plans Will Stop Net Zero Aims’
A new report claims Polish plans for new gas projects will cost taxpayers £3.3bn and make the 2050 target for reaching net zero an impossibility.
South Africa
President Ramaphosa Calls for Expansion of South Africa’s Upstream Oil and Gas Industry
The President of South Africa, H.E. Cyril Ramaphosa, announced that the government would continue to support the development of the southern African country’s …
Oil & Gas Supply
Cutting Russia’s Oil Flow To Europe Would Be A Disaster
The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe.
Oil Price
Opec+ Supply Shortfall Could Push Oil Prices Higher, IEA Says
An oil supply shortfall from Opec+ group of countries may lead to a tighter market and push prices higher, according to the International Energy Agency.
Oil Price
Oil Prices Pump over 3% on Supply Concerns over Ukraine Crisis
Oil prices rose for an eighth straight week amid growing concerns about supply disruptions as a result of intensifying geopolitical tensions in eastern Europe a…
Natural Gas
Equinor Posts US$15bn Earnings on High Gas Prices
Equinor capitalised on high prices for gas and liquids by posting earnings of US$15bn and recording free cash flow of US$25bn in Q4 2021.
Natural Gas
Gas Crunch Causes Electricity Crisis Despite Record Cheap Clean Energy. Time to Create a “Green Energy Pool”?
In the UK and similar nations, the gas crisis is ballooning electricity prices too.
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