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Iran considers exporting gas to Europe: Official Iran considers exporting gas to Europe: Official
Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of soaring energy prices due to Russia’s war in Ukraine.“Iran is studying this ...
Middle East 1 days ago
Kurdish forces seize some oil wells from Iraqi control Kurdish forces seize some oil wells from Iraqi control
Forces from the regional Kurdish government have taken control of some oil wells in northern Kirkuk, Iraq’s state-run North Oil Company said in a statement on Saturday.It said the forces arrived with ...
Energy 1 days ago
Bahrain’s state oil company refinances loan in $2.2 billion deal Bahrain’s state oil company refinances loan in $2.2 billion deal
Bahrain’s Oil and Gas Holding Company (nogaholding) has refinanced an existing $1.6 billion loan, increasing its size to $2.2 billion, it said in a statement.The dual-tranche loan, which will mature ...
Gulf 4 days ago
OPEC cuts 2022 world oil demand forecast again on Ukraine war impact OPEC cuts 2022 world oil demand forecast again on Ukraine war impact
OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia's invasion of Ukraine, rising inflation and the resurgence of the ...
Energy 4 days ago
Russian isolation won’t spark ‘acute’ oil supply crunch: IEA Russian isolation won’t spark ‘acute’ oil supply crunch: IEA
Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other countries is rising and demand from China is falling, the International Energy Agency said ...
World News 4 days ago
Hungary says its backing of EU’s Russia oil ban hinges on millions of dollars Hungary says its backing of EU’s Russia oil ban hinges on millions of dollars
Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a “solution” measured in hundreds of millions of dollars to ...
Energy 5 days ago
Oil prices rebound higher on looming EU ban on Russian supplies Oil prices rebound higher on looming EU ban on Russian supplies
Oil rebounded on Wednesday after plunging nearly 10 percent over the previous two sessions, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil and as ...
Energy 5 days ago
Oil markets are balanced, volatility not linked to OPEC+: UAE energy minister Oil markets are balanced, volatility not linked to OPEC+: UAE energy minister
Crude oil markets are balanced, and volatility is linked to factors outside the control of the OPEC+ producers group, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Tuesday.“Something ...
Gulf 6 days ago
Russian oil output rising in May, Deputy PM Novak says Russian oil output rising in May, Deputy PM Novak says
Russia’s oil output rose in early May from April and production has stabilized, Deputy Prime Minister Alexander Novak said on Monday, news agencies reported, after output fell in April in the wake of ...
Energy 1 weeks ago
Japan to take time phasing out Russian oil imports, says PM Kishida after G7 ban Japan to take time phasing out Russian oil imports, says PM Kishida after G7 ban
Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow’s invasion of Ukraine, Prime Minister Fumio Kishida said on ...
Energy 1 weeks ago
Saudi Arabia lowers Arab Light crude oil price to Asia, Europe in June Saudi Arabia lowers Arab Light crude oil price to Asia, Europe in June
Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June, according to a pricing document released by oil producer Saudi Aramco on Sunday. ...
Energy 08 May ,2022
EU tweaks Russia oil sanctions plan in bid to win over reluctant states: Sources EU tweaks Russia oil sanctions plan in bid to win over reluctant states: Sources
The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three ...
World News 06 May ,2022
India wants Russia to discount its oil to less than $70 a barrel India wants Russia to discount its oil to less than $70 a barrel
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.The ...
World News 04 May ,2022
BP expects to pay up to 1 bln pounds in UK taxes on its 2022 profits BP expects to pay up to 1 bln pounds in UK taxes on its 2022 profits
BP said on Tuesday it expected to pay up to 1 billion pounds ($1.25 billion) in taxes in Britain on its 2022 profits, after its operating profit surged despite reporting a big writedown for exiting ...
Energy 03 May ,2022
Oil prices fall on China growth worries, EU weighs Russian crude ban Oil prices fall on China growth worries, EU weighs Russian crude ban
Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. ...
Energy 02 May ,2022
Gazprom’s gas exports drop to key markets as buyers turn to spot volumes Gazprom’s gas exports drop to key markets as buyers turn to spot volumes
Gazprom PJSC’s daily natural-gas sales to key foreign markets slipped to the lowest in three months in April as customers turned to cheaper supplies on the spot market amid mild weather and a wave of ...
Energy 01 May ,2022
EU leans towards Russian oil ban by year-end, prepares sixth sanctions package EU leans towards Russian oil ban by year-end, prepares sixth sanctions package
The European Union is leaning towards a ban on imports of Russian oil by the end of the year, two EU diplomats said, after talks between the European Commission and EU member states this weekend. ...
Energy 01 May ,2022
Libya losing $60 million a day in oil shutdown: Minister Libya losing $60 million a day in oil shutdown: Minister
Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP.Oil is the lifeblood ...
Energy 29 April ,2022
OPEC+ likely to raise June output by 432,000 bpd at next meet, sources say OPEC+ likely to raise June output by 432,000 bpd at next meet, sources say
OPEC+ is likely to stick to its existing deal and agree another 432,000 barrel per day oil output increase for June when it meets on May 5, six sources from the producer group told Reuters on Thursday ...
Energy 28 April ,2022
US calls for ‘immediate’ end to Libya oil shutdowns US calls for ‘immediate’ end to Libya oil shutdowns
The US said Wednesday it was “deeply concerned” about an ongoing closure of key oil installations in Libya, calling for the shutdowns to end “immediately.”The closure of several sites this month, ...
Energy 27 April ,2022
Russia’s Rosneft fails to sell oil in tender after demanding payment in rubles Russia’s Rosneft fails to sell oil in tender after demanding payment in rubles
Russia’s Rosneft failed to sell oil in a jumbo tender after demanding prepayment in rubles, five traders said on Monday, meaning the country’s top oil producer will need to find ways to divert more ...
Energy 25 April ,2022
Oil prices sink more than 5 pct on China demand fears over rising COVID-19 cases Oil prices sink more than 5 pct on China demand fears over rising COVID-19 cases
World oil prices sank more than five percent Monday on fears that China’s worsening COVID-19 outbreak could slam demand from the major energy consumer.Europe’s benchmark contract Brent North Sea crude ...
Energy 25 April ,2022
Libya state oil company says armed clashes at key oil port damaged storage tanks Libya state oil company says armed clashes at key oil port damaged storage tanks
Libya’s state oil company said armed clashes at the western port of Zawiya have damaged several storage tanks, as a worsening political crisis engulfs the OPEC member’s energy sector.“Preliminary ...
Energy 24 April ,2022
Exxon Mobil may completely withdraw from Russia by June 24: Sources Exxon Mobil may completely withdraw from Russia by June 24: Sources
Exxon Mobil is considering a complete withdrawal from Russia by June 24, two sources familiar with plans told Reuters on Thursday, following the US group’s earlier decision to exit from its oil and ...
Energy 21 April ,2022
US oil services firms join push for revamped Venezuela license US oil services firms join push for revamped Venezuela license
Some US oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to ...
Energy 21 April ,2022