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Oil & Gas
Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels
Production is expected to rise over the next two to three years
Oil & Gas
France in Talks With UAE To Replace Russian Oil Supplies
France is in talks with the United Arab Emirates to replace Russian oil purchases.
Oil & Gas
Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
Oil & Gas
Shell, BP Strike US Gulf Deal Ahead of Planned Drilling
Shell and BP have finalized an exchange of acreage in the deepwater Gulf of Mexico ahead of planned drilling in the greater Mars Basin, one of the region’s mos
Oil & Gas
US to Sell Up to 40.1M Oil Barrels From Emergency Stockpile
The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022.
Oil & Gas
Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
Oil & Gas
Biden Administration Says It Has Not Ruled Out Export Curbs to Ease Fuel Prices
U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesd
Oil & Gas
Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
Oil & Gas
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E
Oil & Gas
Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.
Oil & Gas
More Oil From U.S. Strategic Petroleum Reserve Heads to Europe
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look
Oil & Gas
Shell Agrees to Sell its Russian Petrol Stations
LUKOIL will buy Shell’s Russian retail and lubricants businesses
Oil & Gas
China's Shenghong Resumes Crude Buying Ahead of Refinery Commissioning
China's private refining complex Shenghong Petrochemical has resumed crude oil purchases ahead of the commissioning of its new refinery, sources with knowledge
Oil & Gas
Opec to Attend Iraq Energy Forum in June
Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.
Oil & Gas
Biden Sidelined Global Energy Partners with Record Emergency Oil Release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in IEA, leaving them scrambling to match
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Has Russia Thwarted Its Hydrogen Future?
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