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United Kingdom
BP Ties up With PetroChina to Develop Ccus Cluster in Southern China
Hainan project will draw expertise from BP’s The Net Zero Teesside Power project in UK
Oil Price
Global Oil Demand Set to Rise ‘Sharply’ on Air Travel Rebound and China Recovery
A floating refinery and storage vessel crosses Egypt's Suez Canal. Global oil demand will rise by 2 million bpd in 2023. AFPThe International Energy Agency …
Oil Price
Oil Falls as SVB Collapse Rocks Financial Markets
Oil prices fell more than $1, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a f…
Natural Gas
Egypt to Announce New Energy Strategy in Coming Weeks
Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030
Oil Price
Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…
Oil Price
Biden Sets Sights on Scrapping Oil and Gas Subsidies
The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document…
Oil & Gas Trade
Oil Stays Firm on China Growth Hopes
Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat…
Oil & Gas Trade
Cornwall Insight Responds to the Announcement of the April Price Cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall t…
Oil Price
Oil Edges up on Hope of China Demand Revival
Oil prices edged up, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and d…
Oil Price
Oil Steadies Amid Concerns of Further Interest Rate Raises
Russia could extend output cuts depending on market situation, Deputy Prime Minister says
Oil & Gas Trade
UK Energy Company Centrica Triples Profit
British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine
Crude Oil
Biden Administration Plans to Sell 26 Million Barrels of Crude
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…
Oil Price
Producers See Oil Rebound to $100 a Barrel
A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia. — ReutersLOND…
Oil Price
Russia proposes caps on oil export discounts -draft law
Image used for illustrative purpose only. A view shows a local oil refinery in Omsk, Russia June 6, 2022. Picture taken June 6, 2022. REUTERS/Alexey Malgavko Im…
Oil Price
Oil Prices Rise Over 2% On Russian Plan to Cut Output
Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…
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