Uncategorised Archives | Page 16 of 118

12th May 2022

Brent Crude Could Reach $107 in Q2 2022 – EIA

According to the Energy Information Administration's latest short-term energy outlook, Brent crude oil prices will average $107 per barrel in the second quarter of this year. According to the STEO,...

11th May 2022

Russian Gas Flows to Europe Through Ukraine to Stop Today

According to the Gas Transmission System Operator of Ukraine (GTSOU), Russian gas flowing via Ukraine to Europe will cease on Wednesday, 11th May 2022. After Russia's occupying forces halted gas...

10th May 2022

Lack of Sufficient Investment is to Blame for High Fuel Prices – Prince Abdulaziz bin Salman

According to Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, a lack of investment in global refining capacity is one of the main drivers of the global rally in gasoline,...

9th May 2022

UK’s Afentra Buys Shares in Two offshore Blocks in Angola

Afentra, a London-listed oil and gas independent, has agreed to buy shares in two offshore blocks in the Lower Congo and Kwanza Basins from Angola's government oil giant, Sonangol. The...

7th May 2022

Resolutions of the 28th OPEC and non-OPEC Ministerial Meeting

The monthly meeting was held via videoconference on Thursday, May 5th, and major decisions were made on achieving a balanced market in light of the ongoing effects of geopolitical circumstances...

6th May 2022

It’s Impossible to Trace Russian Crude in Refined Products – Shell CEO

According to Reuters, Chief Executive of Shell, Ben van Beurden, told journalists on Thursday that there is no way to know whether Russian crude oil is present or how much...

5th May 2022

Oil Demand May Fall This Year Because of COVID Lockdowns in China – Standard Chartered

According to Standard Chartered, China's oil demand is likely to fall this year compared to 2021 due to decreasing economic development and the extension of new COVID-related lockdowns. According to...

4th May 2022

Hungary and Slovakia Say They Still Need Russian Oil

On Tuesday, Hungary and Slovakia said they were unwilling to cut off Russian oil imports, increasing the prospect of countries opting out if the EU seeks to impose an embargo...

3rd May 2022

The U.S. Loses Its Position as the World’s Top LNG Exporter

According to Bloomberg, after briefly surpassing Qatar and Australia as the world's top LNG exporters, the US lost the top spot to Qatar in April when volumes in the north...

30th April 2022

Italy Signs a Gas Supply Deal with the Republic of Congo

The letter of intent was signed by Congo's Minister of Hydrocarbons, H.E. Bruno Jean-Richard Itoua, and Luigi Di Maio, Italy's Foreign Minister, in the presence of Eni CEO Claudio Descalzi....