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Oil Price
Oil Prices sSteady Amid Rising Covid-19 Cases In Top Crude Importer China
The US said it would replenish its Strategic Petroleum Reserve, starting with a purchase of 3 million barrels of crude. ReutersOil prices were steady on Tuesday…
Natural Gas
Egypt Discovers Large Gas Field in Mediterranean, Minister says
Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla attends a session at the Egypt's 5th Petroleum Show "EGYPS 2022" at the capital city …
Oil & Gas Trade
Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China
Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated…
Hydrogen Project
Highlighting Safety Standards For Hydrogen In Power Generation
Image credit: 123rf.comHydrogen has been handled and used in a safe manner for decades by industries for refining petroleum, treating metals, producing fertilis…
Oil Price
Oil Prices Slip On Surprise Build In U.S. Crude Stocks
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…
Crude Oil
Nigeria to End Imports of Petroleum Products in 2023
Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…
Nigeria
Nigeria Aims to End Imports of Petroleum Products Next Year
Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.
Natural Gas
Shell to Acquire Nature Energy
Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sa…
OPEC
OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey
The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and Septe…
Electric Car
EU Approves Effective Ban on New Fossil Fuel Cars From 2035
The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming to speed up the switch to elec…
Egypt
Egypt Oil Min Says Framework Agreement in Place on Gaza Marine Field
Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under w…
Oil Refinery
French Government: On Right Track Over Further Easing Petrol Supply Problems
The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due …
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Price
U.S. Could Sell Oil From Emergency Reserve This Week -Sources
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, thre…
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