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LATEST ENERGY NEWS

Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

TotalEnergies Forms Coalition for E-Natural Gas Development

TotalEnergies Forms Coalition for E-Natural Gas Development

The e-NG Coalition seeks to establish a net-zero carbon future by promoting e-NG and supporting cooperation along its value chain.
Iraq to Curb Oil Exports to Compensate for Exceeding OPEC+ Quota

Iraq to Curb Oil Exports to Compensate for Exceeding OPEC+ Quota

Initially in place for the first quarter, the voluntary cuts have since been extended to the end of June.
Venture Global LNG Announced Significant Fleet Expansion

Venture Global LNG Announced Significant Fleet Expansion

Also, the company has expressed its readiness to explore opportunities for liquefaction facilities outside the U.S., if needed.
Russia was the Biggest Supplier of Crude Oil to India in January

Russia was the Biggest Supplier of Crude Oil to India in January

The increased supply from Russia has led to notable year-on-year decline in crude oil imports from traditional suppliers.
Ukrainian Drones Have Hit 12 Russian Oil Refineries, Kyiv Source Says

Ukrainian Drones Have Hit 12 Russian Oil Refineries, Kyiv Source Says

Oil and petroleum products are an important sources of revenue for Russia, which exports them to dozens of countries around the world.
Egyptian Natural Gas Holding to Expand in Saudi Arabia

Egyptian Natural Gas Holding to Expand in Saudi Arabia

Egypt is striving to attract foreign currency inflows to address a shortage that has curbed local business activity and led to backlogs at ports and delays in payments for commodities.
Oil Prices Rise on Tighter Supply, Geopolitical Risks

Oil Prices Rise on Tighter Supply, Geopolitical Risks

Lower interest rates would stimulate demand in the U.S., supporting oil prices.
Ukrainian Drone Attacks on Russian Oil Refineries Escalated

Ukrainian Drone Attacks on Russian Oil Refineries Escalated

A similar drone attack had forced the Novoshakhtinsk refinery in the southern Rostov region to halt its operations.
Petronas Posted Dip in Q4 Profits, Driven by Lower Energy Prices

Petronas Posted Dip in Q4 Profits, Driven by Lower Energy Prices

Petronas reiterated its commitment towards responsible monetisation of resources, despite persistent volatility in global environment.
Oil Prices Climb as Revised IEA Outlook Signals Tighter Market

Oil Prices Climb as Revised IEA Outlook Signals Tighter Market

The damage to refineries could cut Russian gasoline production by more than 10%, said Kissler.
BP Seeking Natural Gas Opportunities In Trinidad-Venezuela Waters

BP Seeking Natural Gas Opportunities In Trinidad-Venezuela Waters

In December, Reuters reported that Venezuela was trying to have Chevron, BP and Shell revive the Plataforma Deltana offshore project.

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