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Oil & Gas Trade
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dolla…
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
Natural Gas
Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand
Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid …
Natural Gas
Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says
The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.
United States
More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.…
Crude Oil
U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Joe Biden
President Biden Heaps Praises on Electric Car Powered by LG Batteries
U.S. President Joe Biden test drove and praised an electric vehicle loaded with batteries jointly developed by LG Energy Solution and General Motors.
Crude Oil
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…
Net Zero Emission
U.S. To Discuss Energy Transition With Mexico’s President
The United States will discuss energy and climate issues with Mexico as part of the North American Leaders’ Summit on Thursday, which will see Joe Biden and An…
Solar Cell
Hanwha to Invest in REC Silicon to Restart U.S. Polysilicon Production for Solar
Hanwha Solutions, the Korean company behind the Hanwha Q CELLS solar brand, plans to invest $160.47 million for a 16.67% stake in REC Silicon ASA.
Crude Oil
Nigeria to Stage for Oil, Gas Investment in U.S.
Amid global energy transition and changes in the sector to accommodate the exigencies of climate change and carbon reduction, Nigeria is making efforts to stage…
Power Construction
Taihan Cable & Solution Lands KRW60bn Power Grid Project in the U.S.
Taihan Cable & Solution announced on Nov. 15 that it has won a power grid project in western California.
Natural Gas
U.S. Natural Gas Prices Could Soon Hit $6
Research firm HFI noted that the latest 10-15-day weather forecast is pointing towards colder than usual weather
Oil Shale
Exclusive: Exxon Launches Sale of Shale Gas Properties in Texas
Exxon Mobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuf…
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