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A service for energy industry professionals · Tuesday, January 31, 2023 · 614,341,322 Articles · 3+ Million Readers
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  • Published on 09:11 GMT

    Germany should consider creating strategic gas reserve - regulator

    DUESSELDORF, Germany, Jan 31 (Reuters) - Germany should consider establishing a national gas reserve, the head of the country's network regulator said, following concerns last year that a drop in Russian gas supplies could mean severe energy shortages. …

    Source: Reuters - Neutral
  • Published on Jan 30, 2023

    BP says oil and gas investment needed for 30 more years to avoid energy shortages

    Monday 30 January 2023 6:31 pm The world risks energy price swings and shortages unless there is continued investment in the oil and gas sector over the next three decades, BP has warned. In its annual energy outlook published today, the fossil fuel giant …

    Source: City A.M. - Uncategorized
  • Published on 00:10 GMT

    Russia’s Oil Cargoes Surge Ahead of EU Import Ban

    By Julian Lee (Bloomberg) — Russia’s seaborne oil flows look as if they are moving higher. Two possible explanations: the nation is pushing more cargoes onto the water after Germany and Poland all but halted piped imports, and Moscow has one eye on an …

    Source: gCaptain - Neutral
  • Published on 10:23 GMT

    The Russian Oil Deal: Hope for Saudi Arabia, Cheap Barrels for India and China

    Russia tells Saudis what they want to hear while selling oil at rock-bottom prices Moscow’s situation underscores the difficulty of fighting G7’s $60 per barrel price cap New caps coming on Russian fuels next, adding to Kremlin’s woes The third anniversary …

    Source: Investing - Neutral
  • Published on 10:27 GMT

    BofA Global Research Talks OPEC+ Meeting

    Consensus points to no change from OPEC+ on February 1, according to a new BofA Global Research report, which was sent to Rigzone recently. “In what has been a relatively quiet week for U.S. inventories, we turn our attention back to the next ‘regulatory’ …

    Source: Rigzone - Neutral
  • Published on 05:34 GMT

    Oil prices fall near 2% on threat of further interest rate hikes, continued Russian crude flows

    Oil prices steadied in early Asian trade on Tuesday after falling by more than 2 percent in the previous session on the threat of further interest rate hikes and continued Russian crude flows. Brent crude futures gained 28 cents to $85.18 per barrel by 01: …

    Source: CNBC-TV18 - Center-left
  • Published on 01:01 GMT

    Why Middle East Producers Cut Prices In The Face Of Soaring Chinese Oil Demand

    China is back, and even the most ardent skeptics of Beijing’s policy easing will be compelled to admit that there is great upside in global oil demand in 2023. China has been allocating huge export and import quotas, nudging its oil refiners as hard as …

    Source: Oil Price - Neutral
  • Published on 03:09 GMT

    Oil prices tread water as markets weigh China recovery, Fed caution

    By Ambar Warrick  Investing.com-- Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production.  Chinese …

    Source: Investing - Neutral
  • Published on 07:17 GMT

    ‘A problem for all of us’: Allan Gray on gas intervention

    Woodside, as half-owner of the Bass Strait venture, is the equal biggest supplier of gas used in the domestic east coast market, with about 20 per cent of the market, while Santos is also a major domestic gas producer. Both companies, which also own gas …

    Source: Financial Review - Center-right
  • Published on 07:26 GMT

    U.S. House OKs bill to open public land to development if reserve oil is tapped

    Amendment from Rep. Boebert of Colorado would identify portions of Thompson Divide to be leased A pump jack sits at an oil well along Interstate 25 during December 2018 near Dacono. U.S. House Republicans passed a bill Friday to force the White House to …

    Source: Durango Herald - Colorado - Neutral
  • Published on 06:29 GMT

    House Republicans Seek New Restrictions on Use of Oil Stockpile

    [Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON — For the second time this January, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already …

    Source: Transport Topics - Neutral
  • Published on 10:35 GMT

    Can an economic giant clean up natural gas — and then swap in hydrogen? 

    Special report: South Korea, a top importer of U.S. natural gas, wants to curb its carbon emissions and ultimately shift to cleaner energy. Will its bid work? Jeffrey Ball is an award-winning writer whose stories and essays about energy and the environment …

    Source: Canary Media - Label Pending
  • Published on 06:16 GMT

     Buhari says he has built infrastructure despite low oil prices

    Nigeria’s President Muhammadu Buhari says he has built infrastructure despite low oil prices and low production volumes. Buhari disclosed this on Monday during the Presidential Lunch organised for him by the Kano State government for his one-day official …

    Source: Nairametrics - Neutral
  • Published on 01:10 GMT

    Russia, KSA to strengthen bilateral relations within OPEC+: Kremlin

    The Russian President and his Saudi Arabian counterpart discuss cooperation within OPEC+ in order to maintain global oil market stability. The Kremlin highlighted on Monday that Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin …

    Source: Al Mayadeen - Left-wing
  • Published on 10:16 GMT

    DR Congo delays rainforest oil auctions

    After a series of multinational oil companies ruled themselves out of the controversial projects, the government pushed back bidding at the last minute The Democratic Republic of Congo has postponed its plans to allow oil companies to drill in its …

    Source: Climate Home - Neutral
  • Published on 03:17 GMT

    Saudi Crown Prince, Putin discuss OPEC+ cooperation for oil market stability: Kremlin

    Saudi Arabia’s Crown Prince Mohammed bin Salman discussed in a phone call with Russian President Vladimir Putin cooperation within the OPEC+ group countries to maintain the stability of the oil market, the Kremlin said on Monday. Ministers of OPEC+ (the …

    Source: Al Arabiya English - Pro-Government
  • Published on 09:55 GMT

    Oil Extends Losses On Rate Hike Worries

    Oil extended losses on Tuesday, after having hit near 3-week lows on Monday amid worries about fuel demand and a decision by the Russian government banning domestic oil exporters and custom bodies from adhering to Western price caps. Benchmark Brent crude …

    Source: RTTNews - Neutral
  • Published on 09:38 GMT

    Army starts mass tree planting in oil region

    The Uganda People’s Defence Forces (UPDF), in partnership with Luweero Industries Limited (LIL), a subsidiary of the National Enterprise Corporation (NEC), have embarked on a tree-planting drive with in the on-shore Kingfisher oil field, run by CNOOC, a …

    Source: The Daily Monitor - Uncategorized
  • Published on 00:57 GMT

    Countries With the Lowest Gas Prices in the World at the Start of 2023

    The average price of gasoline around the world is $4.94 a gallon, according to GlobalPetrolPrices.com. However, there is a wide difference in these prices among countries. To identify the countries with the lowest gas prices at the start of 2023, 24/7 …

    Source: 24/7 Wall St - Neutral

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