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India Taking up Russian Discounted Oil Offer Will Not Be US Sanctions Violation, Says White House
India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions, the White House has said.
Natural Gas
Energean Inks Gas Supply Deal with Largest Israeli Buyer
London-listed E&P company Energean has signed a gas supply agreement with the Israel Electric Company (IEC), the largest Israeli buyer of natural gas, marking a…
Oil Price
WTI Crude Dives Below $100 on China Demand Concern
WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…
Oil Price
Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock …
Hydrogen Project
Hydrogen Should Be Included in European Gas Reserve Plans
For the first time at an industry conference, Jorgo Chatzimarkakis, CEO of Hydrogen Europe, just unveiled his proposal for the European Commission to include hy…
Natural Gas
Greece to Launch New Gas Trading Hub on March 21
A new Greek natural gas trading platform will go live on March 21, enhancing interconnectivity and supply security in the region amid volatility on global marke…
Hydrogen Project
EU Plunges into Green Hydrogen and Renewables Plans as it Sidesteps Russian Gas
Commission says the RePowerEU plan will achieve independence from Russian energy before 2030.
Oil Price
Indian Govt to Make Calibrated Interventions to Keep Fuel Prices Under Control
Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index is directly related to t…
Oil Shale
US Shale Still Finding Footing amid Market Chaos
US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…
Energy Transition
Eni Sells 49% of Its Business Enipower
Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.
Crude Oil
Saudi Considering China’s Yuan for Oil Purchases
Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.
Oil Exploration
Deep-Water Exploration Permits Attract Attention in Australia
Offers submitted for nine exploration blocks of which six are off the south-east coast
Crude Oil
Brent Crude Down Almost 6% but Still Above US$100 a Barrel
Brent crude was off almost 6% but remained above US$100 barrel with a potential cessation to violence in Ukraine helping quell sentiment-driven panic price rise…
Gas power plant
Japan Cuts Thermal Power Capacity with Maintenance
Japan's thermal power generation capacity is expected to fall this week on the back of increased maintenance, in line with the arrival of spring weather across …
Natural Gas
After more than a Week, Gas is Still Leaking on the North Slope
Ten days after a natural gas leak was discovered at its Alpine oil development on Alaska’s North Slope, ConocoPhillips is still trying to identify the exact so…
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