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Petrol
Oil Refinery
French Refinery Strike Further Hits Petrol Supplies, Prime Minister Says
Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies.
Oil Refinery
CGT Union Shuns TotalEnergies Talks as French Petrol Crisis Drags On
The CGT union at the core of a weeks-long strike at oil major TotalEnergies slammed the door to talks on Friday, leaving more moderate unions to reach a wage de…
United States
U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…
OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…
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…
Crude Oil
U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Oil Price
Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol
The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…
Oil Price
U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.
Crude Oil
U.S. Crude in SPR Hits Lowest Level Since January 1985
U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, accordin…
Coal Price
India Buys Discounted Venezuelan Petcoke to Replace Coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation…
Offshore Wind Power
RWE and Hellenic Petroleum Collaborate to Develop Offshore Wind Farms
RWE and Hellenic Petroleum Holdings, through their respective subsidiaries RWE Renewables GmbH and HELPE Renewables SA, have joined forces to jointly explore of…
Natural Gas
Norway Ramps up Natural Gas Production to Combat Energy Crisis
Norway’s authorities have approved applications from operators to boost production from several gas fields, the Norwegian Ministry of Petroleum and Energy said…
United States
Surge in U.S. Renewable Diesel Supply Won’t Offset Loss of Petroleum Diesel
A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity f…
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