According to sources familiar with refiners' allocations from the biggest crude oil supplier in the world, Saudi Arabia would provide the full contractual amounts to at least three customers in...

The U.S. Treasury Department stated today that the cap being considered by the G7 should reflect a fair market value and should not include a risk premium associated with the...

As EU energy ministers prepares for today's emergency meeting to discuss measures to lessen the burden of the energy crisis on consumers, officials told the Financial Times on Friday that...

H.E. Dr Omar Farouk Ibrahim, the Secretary-General of the African Petroleum Producers Organization, signed the Memorandum of Understanding for the conduct of pre-feasibility and feasibility studies for the construction of...

Vladimir Putin, the President of Russia, has warned against any attempt by the EU to control the price of Russian gas by threatening to fully stop flows and has hinted...

The 32nd OPEC and non-OPEC Ministerial Meeting agreed that the current oil market has been impacted by volatility and a loss in liquidity, and the stability and effective operation of...

The Secretary General of the African Petroleum Producers' Organization, Dr Omar Farouk Ibrahim, has said that the Organization, through the Africa Energy Investment Corporation, is in talks with the African...

According to German gas importer, Uniper, the country does not completely rule out gas rationing in the wake of Russia's decision to permanently cease gas deliveries through the Nord Stream...

Energy ministers will discuss natural gas price ceilings as one strategy to tackle excessive energy prices around the European Union, according to Reuters. According to the publication, topics up for...

Although OPEC is sometimes held up as the standard suspect when it comes to rising crude oil and gasoline prices, the organization is not to blame for the present inflationary...