WTI crude hangs above $80…
Diesel fuel production has ramped…
Four projects were planned offshore…
The new energy minister of Brazil will study the option of privatizing state oil giant Petrobras, he said in his first news conference. "I request the beginning of the studies…
Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years. Following…
Gas demand from households in cities and from the transportation sector in India is currently outpacing supply, which has prompted the government to mandate state-held GAIL (India) Limited to import…
Ten more European buyers of Russian gas have opened accounts at Russia's Gazprombank, designated by Vladimir Putin to process the ruble-for-gas payments that he demands from now on, a source…
Renewable power capacity additions are set to remain stable next year compared to 2022 unless new and stronger policies are adopted soon, the International Energy Agency (IEA) said in a…
The Department of the Interior has canceled a lease sale in Alaska that would have opened up some 1 million acres to drilling, citing a lack of interest from the…
As the European Union warns companies against paying for Russian gas in rubles, Italy’s prime minister has stated the opposite, saying that European companies are free to pay…
As the European Union hits a wall with its Russian oil embargo and backtracks on some sanctions, Russia has imposed its own sanctions on EuRoPol Gaz S.A., which…
An Asian refinery co-owned by Saudi oil giant Aramco has resumed crude processing for the first time since closing after a deadly fire in 2020, sources familiar with the operations…
Italy’s Prime Minister Mario Draghi has suggested after a meeting with U.S. President Joe Biden this week that oil consumers unite to form a cartel with the goal of capping…
Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move that could shift…
The European Union’s current plan for eliminating its reliance on Russian gas by replacing it with gas from other sources could cost the bloc up to $214 billion more than…
Libya’s oilfields are expected to reopen soon, after militias have agreed to lift the siege on oil facilities, Parliament-backed Libyan Prime Minister Fathi Bashagha, who was elected in February,
The UK government recently announced an asset freeze on London-headquartered metal and mining group Evraz. Authorities claim that Evraz is receiving benefits or…
The European Union is considering relaxing environmental regulations for wind and solar projects so new capacity can be added more quickly, the Financial Times has reported, citing documents produced…
Kuwait has become the second-largest OPEC member to cut its prices for Asia this month after Saudi Arabia cut its export prices for the first time in four months. Per…
The Energy Information Administration sees Brent crude oil prices averaging $107 per barrel in the second quarter this year, according to the latest Short Term Energy Outlook published on…
The American Petroleum Institute (API) reported a build this week for crude oil of 1.618 million barrels, compared to analyst predictions of a 1.2 million barrel draw. U.S. crude inventories…
Russian gas headed to Europe through Ukraine will stop flowing on Wednesday, Ukraine’s Gas Transmission System Operator (GTSOU) said on Tuesday. The flows will stop at 7 a.m. local time…
Crude oil prices remain exceptionally volatile on Tuesday, with WTI fluctuating between sub-$100 and nearly $104 per barrel after sinking from more than $110 on Monday as bearish and bullish…