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Oil Price
Wall Street Projects a “Higher for Longer” Era for Oil Prices
Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been liftin…
Oil Exploration
QatarEnergy Signs Deal with ExxonMobil Canada on Farm-in Exploration License
QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada.
Hydrogen Project
Saudi Arabia to Use $110 billion Natural Gas Field for Blue Hydrogen
A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman
Natural Gas
Refiners Suffer From Record High Natural Gas Prices
Record natural gas prices in Europe and Asia are eroding oil refiner margins
Oil & Gas Trade
Middle East Oil Exporters To See Fast Economic Growth In 2022
The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council are set to book faster economic growth in 2022 than previously expected,…
Oil and Gas Equipment
Largest North China Gas Storage Facility Starts up
China's state-controlled Sinopec's Wei11 gas storage facility commenced operations on 18 October, marking the completion of the largest group of underground gas…
Oil Refinery
Dalian Revives Plan to Relocate PetroChina Refinery
But the long-mooted plan faces financial and potential regulatory hurdles and may increase petrochemical competition in the region.
Crude Oil
Saudi Energy Minister Dismisses Calls for Extra OPEC+ Barrels
OPEC leader Saudi Arabia dismissed calls for speedier oil output increases, saying its efforts with allies were enough and protecting the oil market from the wi…
Crude Oil
IEA: Global Energy Crisis Could Boost Oil Demand by 500,000 barrels per day
But Britain could run out of gas this winter, says Ineos chief Sir Jim Ratcliffe
Oil Refinery
Mexico’s Tula Refinery Halted Since Last Week
Mexico's 315,000 b/d Tula refinery in the state of Hidalgo stopped processing crude late last week because of full product stocks after a rail blockade choked i…
Hydrogen Project
Air Products to Build Blue Hydrogen Plant in Louisiana
Air Products plans to invest $4.5bn to produce blue hydrogen in Louisiana, providing the low-carbon fuel to oil refiners along its US Gulf coast pipeline.
Natural Gas
Two more UK Energy Firms go Bust as Prices Soar
Two more UK energy firms have ceased trading amid soaring wholesale energy prices.
Oil Field
Occidental Sells Stakes in Two Ghana fields for $750 million
Houston-based Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corporatio…
Crude Oil
ANALYSIS: Brent Crude Oil Price may Rise to $85.04 per Barrel
Even though there is early sign of the uptrend continuation, the resumption may not be confirmed until oil breaks $84.02, because the bullish momentum does not …
Natural Gas
Northern Ireland Gas Storage Project Secures Greenlight as Prices Skyrocket
The UK government has approved the construction of a gas energy storage project in Northern Ireland amidst an energy crisis caused by natural gas supply constra…
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