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Crude Oil
Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge
Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks
Net Zero Emission
Exelon Utilities Announces 2050 Net-Zero Carbon Emissions Goal
The largest utility in the US by the number of gas and electric customers, Exelon Utilities, has announced its plan to achieve net-zero emissions by 2050 compar…
Oil & Gas Trade
New Zealand's Oil Refinery Set to Convert Into Import Terminal
New Zealand will stop refining crude oil from next year after shareholders in the country's sole refinery greenlighted a plan to convert it to a gasoline-import…
Oil Pipeline
Video: Russia's Former President Medvedev on Nord Stream 2
Russia's former President Dmitry Medvedev has welcomed the US-German agreement on Nord Stream 2 that would pave the way for the completion of the controversial …
Hydrogen Production
Japan's J-Power, Schlumberger Eye Hydrogen from Coal
The carbon dioxide that comes out of the process will be used for enhanced oil recovery.
Hydrogen Project
Entergy Plans 1.2-GW Gas-Hydrogen Plant In Texas
Entergy estimates that the plant will bring about a $1.8bn economic benefit for the region.
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Crude Oil
Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive
Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria…
Oil Refinery
Revamped Mumbai Refinery to Fully Restart This Month
Indian state-run refiner HPCL will restart the second crude unit at its Mumbai refinery this month following a revamp, having resumed operations at the first in…
LNG
Ivory Coast to Build 200 MW LNG Plant, Says Energy Minister
The ministry will share further details on the cost and timeframe for the plant's construction once discussions are concluded, he said
Crude Oil
Covid Resurgence in China Drives Global Oil Demand Concerns
China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.
Natural Gas
Gazprom Boosts Gas Exports To Europe In H1 2021
Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week.
Crude Oil
Shell Could Resume Oil and Gas Exploration in Libya
North Africa’s second-largest oil producer is gradually increasing crude exports after a blockade last year cost it $11bn in lost fiscal revenue
Market Analysis
Russia will Lead the World in Blue Hydrogen Exports, According to Gazprom
The carbon neutrality policy in Europe, which aims to reduce net CO2 emissions by 55% by 2030 and to zero by 2050, will inevitably lead to a reduction in Russia…
Gas turbine engine
Hanwha, Korea Western Power Team up to Fuel Gas Turbines on Hydrogen
Hanwha General Chemical Co. and Korea Western Power Co. have joined forces to develop a hydrogen-fired gas turbine that can use both liquefied natural gas and h…
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