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Crude Oil
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin…
Oil Price
Bank of America Expects $120 Oil by June 2022
Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022.
Oil Price
Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs…
Crude Oil
Iraqi Crude Exports Inch up in October
Iraqi crude exports marketed by state-owned Somo edged up in October, according to preliminary figures from the country's oil ministry.
Oil Field
Serica Announces Delay of Columbus Production Start-up
UK oil and gas company Serica Energy has confirmed the start-up of production at its Columbus field located in the Central North Sea will be delayed.
Oil Price
UAE Petrol Prices to Rise in November
Motorists across the Emirates will face a further increase for both petrol and diesel
Oil Refinery
Oman’s 230,000 b/d Duqm Refinery Set for 1Q23 Start-up
Oman's 230,000 b/d Duqm refinery project is now 87pc complete and is on course to be commissioned in the first quarter of 2023
Oil Price
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east…
Natural Gas
Chariot Partners with Mystery Group for Gas Project Offshore Morocco
Africa-focused energy company Chariot has signed a memorandum of understanding (MOU) with an undisclosed energy group to unlock the Anchois gas development pote…
Oil Refinery
Petrofac Secures Lithuanian Refinery EPC Project
Petrofac announces it has been awarded an Engineering, Procurement and Construction contract, valued at around EUR550 million, from PC ORLEN Lietuva to support …
Natural Gas
Energy Crisis: The Price of Natural Gas in Europe has Plummeted Due to Putin’s Big Announcement
The European Directorate General for Competition has once again started sniffing around Gazprom’s house, looking for signs of possible market manipulation and …
Oil Price
Oil Prices Set for First Weekly Drop Since August As Supply Concerns Ease
U.S. West Texas Intermediate crude futures fell 4 cents to $82.77 a barrel by 0151 GMT.
Mexico
Mexico's Pemex Back in Red Despite Oil Production Uptick
Higher tax payments and foreign exchange losses pushed Mexico's Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered…
Oil Field
Shell Top Brass Remain Resolute in Support of Cambo Oilfield Development
Shell executives stressed the role of projects like Cambo in the UK energy mix, as the project partners await a decision on the controversial project.
Oil Price
Oil Falls After Increases in U.S. Crude, Fuel Stockpiles
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in th…
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