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Oil
Oil Price
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…
Oil Price
Oil Prices Set For Longest Losing Streak Since March
After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be t…
Crude Oil
World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside
BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe…
LNG
Australia Faces "Precarious" Gas Supply in 2022, Watchdog Warns
The report paints a more dire picture than the Australian Energy Market Operator gave in March, when it said plans by billionaire Andrew Forrest to have an LNG …
Oil & Gas Trade
India's Petronet Aims to Extend Long-Term LNG Buy Deal with Qatar
Petronet has a deal to buy 7.5 million tonnes per year of LNG from Qatar under a long-term deal expiring in 2028
Crude Oil
EXCLUSIVE Brazil's Lower-Carbon Oil Projects can Lure Majors, Lift Sales -Official
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil
Oil Field
Islamic State Attacks Iraqi Oil Field
An attack with an explosive device on an oil field in the northern Iraqi region of Kirkuk was blamed on Islamic State militants
Oil Field
Video: Mega Oilfield in Xinjiang Increases Output
A mega oilfield in China's Xinjiang has increased output.
Crude Oil
Iran Oil Output Falls To 40-year Low In 2020
Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration.
Crude Oil
First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.
Solar Power Plant
Saudi Aramco Joins Local 1.5 GW Solar Project with a 30% Stake in Renewables Push
Saudi Aramco is investing, alongside the country's sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter's largest solar project with a capacit…
United Kingdom
Scotland’s First Minister Calls on UK to “Reconsider” Oil and Gas Permits
Scotland’s First Minister Nicola Sturgeon called on the UK government to reconsider oil and gas licenses, just days after a United Nations panel warned of dire…
Oil Field
POSCO International to Explore Gas Field in Malaysia
POSCO International will explore an offshore gas field in Malaysia to create a second success story following its jackpot in Myanmar.
Crude Oil
Opec Lifts Oil Supply Forecast, Demand Unchanged
Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.
Energy Security
Oil Spill in Black Sea Much Bigger than Reported - Russian Scientists
A leak occurred as the Greek-flagged Minerva Symphony tanker took on oil at the Yuzhno-Ozereyevka sea terminal near Novorossiysk in southern Russia, the Caspian…
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