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Warren Buffett Makes More Investment in Oil and Gas; Buys More Occidental Shares

According to Reuters, citing an SEC filing by Warren Buffett's investment company, Berkshire Hathaway has added 4.3 million shares of Occidental Petroleum, boosting its total holding in the business to...
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All Future Vehicles will be Electric by 2040 – CEO of Exxon

By 2040, all newly sold passenger cars will be electric, according to ExxonMobil CEO Darren Woods, who spoke to CNBC on Monday. For instance, just 9% of passenger car sales...
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French Businesses Switch to Oil From Gas Due to Uncertainty of Russian Supply

According to Reuters, major energy-intensive sectors in France are looking to adapt gas boilers to operate on oil as they get ready for further fall or cessation of Russian gas...
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OPEC Members Remain 1 Million Bpd Below Target in June

According to OPEC figures released on Tuesday, the ten OPEC producers that are part of the OPEC+ agreement produced 24.8 million barrels per day (bpd) of crude oil in June,...
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China Continues to Purchase Discounted Russian Crude

After importing roughly the same amount of discounted Russian crude oil in May, China probably imported an additional 2 million barrels per day (bpd) in June, keeping Russia as its...
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Russia’s Gazprom Demands Rubles For LNG

The proposal to include liquefied natural gas (LNG) in the rubles-for-gas programme was made public on Monday by a top official, days after Russia attempted to fully control the Sakhalin-2...
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Saudi Arabia May Further Increase Oil Prices for Asia

To benefit from robust premiums for Middle Eastern oil grades and record-high distillate margins, Saudi Arabia may increase its official selling price for crude oil delivered to Asia for the...
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Oil to Hit $200 if G7 Caps Price of Russian Oil – SEB Group

If the G7 is successful in capping the price of Russian crude oil, the chief commodities analyst at Swedish bank SEB Group predicts that oil prices will surge past $200...
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Nigeria to Address Energy Security by Investing in Several Gas Projects – Sylva

H.E. Mr Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, announced the identification of 20 crucial gas projects during a roundtable discussion hosted by the African Energy Chamber. These...
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Nigeria Will Meet its OPEC+ Quota by August – Timipre Sylva

Nigeria's Minister of State for Petroleum Resources, Chief Timipre Sylva, stated last week that his country would be able to achieve its OPEC output quota by the end of August...
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