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Oil & Gas
Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession.
Oil & Gas
APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil
Oil & Gas
Brent Crude Slides Below $85 a Barrel as Dollar Surges
Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
Energy Economy
Why the World Needs to Invest in Fossil Fuels
The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.
Oil & Gas
Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter
From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas
Oil & Gas
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive re
Oil & Gas
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.
Oil & Gas
Neste Launches Study to Quit Crude Oil at Finnish Refinery
Finland's Neste on Monday said it was looking into replacing crude oil with renewable feedstock at its Finnish oil refinery, the last one of its plants to use t
Oil & Gas
Fossil Fuel Registry Launched to Help Spot ‘Stranded Assets’
Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data
Oil & Gas
South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar
Oil & Gas
U.S. Emergency Oil Reserves Tumble to Lowest Since 1984
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of En
Oil & Gas
Oil Prices Climb on Tight Supply Worries
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between
Oil & Gas
Norwegian Energy Giant Equinor Completes Russia Exit
It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project
Oil & Gas
Crude in U.S. Emergency Reserve Falls to Lowest Since Dec. 1984
Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy.
Oil & Gas
Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth
UAE, Oman back Saudi view on possible output cut
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