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LNG
IHS Markit Report Says LNG Imports to Europe Would Be Sufficient to Overcome Shutoff of Russia Gas Flows Through Ukraine
Supplies of Russian gas to Europe via Ukraine have already fallen and been replaced by LNG imports.
Crude Oil
Oil Falls on Positive Signals from U.S.-Iran Talks
Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…
Natural Gas
GECF and Mozambique Inch Closer on Energy Cooperation
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas exporting countries, led by its Secretary General HE Eng. Mohamed Hamel held a …
Natural Gas
Potential of Gas Remains Promising Amidst Policy Changes: GECF Webinar Speakers
As the world takes decisive steps on climate change, the ensuing policy changes and their effect on the world’s fastest growing fossil fuel, natural gas, were …
Crude Oil
Shell Makes 'Encouraging' Oil Discovery Offshore Namibia
Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia.
Crude Oil
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.
LNG
US LNG Sector to Pitch Gas Deals for Europe
A senior EU official overseeing the bloc's energy policy is set to meet next week with US LNG industry insiders, who say recent tensions with Russia add relevan…
Oil & Gas Supply
Opec+ Agrees 400,000 b/d Hike for March
Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.
Crude Oil
China’s November Base Oil Imports Rise
China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.
Crude Oil
Venezuela Takes First Iranian Condensate of 2022
Venezuela has received this year's first cargo of the Iranian condensate that has proven critical to its crude production recovery.
Crude Oil
Ugandan Oil Export Project Gets Official Launch
Uganda's journey to become a fully fledged oil exporter has reached a key milestone with an official ceremony in Kampala to mark the final investment decision o…
Crude Oil
Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level
Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said…
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
Crude Oil
Ice Brent Crude at $90/bl
Front-month Ice Brent crude futures prices topped $90/bl today for the first time since October 2014.

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