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Oil Price
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…
OPEC
Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November
Natural Gas
Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield
Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border
Natural Gas
German Gas Commission Wants One-off Payment Now, Price Break Next Year
Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price b…
France
TotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks
Wage talks had been scheduled for mid-November
France
TotalEnergies Says It Is Ready to Hold Wage Talks in October
French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to res…
OPEC
OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially e…
OPEC
Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…
LNG
Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports
Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline …
Crude Oil
The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
OPEC
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …
Crude Oil
Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia…
Crude Oil
China Releases First Batch of 2023 Crude Oil Import Quotas
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday.
Oil Refinery
France Struggles with Refinery Strikes, but Not Planning Petrol Rationing
More than a fifth of France's service stations were grappling with supply problems on Saturday as strikes at refineries run by oil majors TotalEnergies and Exxo…
Oil&Gas Drilling
UK Launches Licensing Round for New Oil and Gas Projects
Nearly 898 blocks and part blocks could potentially be developed under the new awarded licenses
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