Tag: Oil and Gas News
Banks Looking At Cutting Billions In Oil Financing Following Windfall Tax...
The windfall tax introduced to help pay for the UK’s energy crisis, may have brought banks to look consider cutting billions of Pounds in...
Saudi Arabia Energy Minister Says OPEC Predictions Are Market Based, Not...
Saudi Arabia energy minister, Prince Abdulaziz bin Salman, has said that despite heavy criticism of OPEC+’s recent decision to cut oil output, the cartel’s...
U.S. Poised To Become Net Exporter Of Crude Oil In 2023
The US has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World...
EU Ministers Settle For €180 MWh Gas Price Cap
European Union has overcome the few discordant tunes that held up the agreement on price cap, and now have finally reached an agreement...
US To Replace 3million Barrels Of Its Strategic Petroleum Reserve
The US is hoping to replenish its emergency oil reserves, starting with a purchase of three million barrels of crude.
President Joe Biden had released...
EU Attempts To Break The Deadlock Over A Natural Gas Price...
The energy ministers of the 27 European Union member states are held an emergency meeting in Brussels yesterday to try to reach an agreement...
Price Cap On Russian Oil Signals An Attempt By Buyers’ Group...
When you cross the event horizon of a black hole, there is no obvious break, no discernible boundary — and yet there is no...
Environmentalists Move To Stop UK Oil & Gas Licensing Round
Global environmental group, Greenpeace is leading a number of activists insisting there are legal implications to the move by the UK government to conduct...
AfDB Launches Model For Deploying Green Financing In Africa
The African Development Bank is boosting the promotion of resilient, green and sustainable growth, with the launch of the African Green Bank Initiative
The initiative,...
Chevron To Ship First Venezuelan Oil To The U.S. By Year-End
Later this December, Chevron will ship the first oil cargo from Venezuela to the United States, after the U.S. Administration issued a six-month license...
Oil Markets Headed For An ‘Incredible’ Week
Oil markets could face more volatility soon as there's a "significant chance" of OPEC+ slashing its crude production quota again, despite the looming European...
Oil Prices Rebound As Investors Still Weigh Against Potential OPEC+ Supply...
The market seems not convinced that OPEC+ will not go for another supply reduction ahead of its December 4 meeting. Oil prices have been...
China’s Covid Situation Sends Energy Market Into Spin
…Oil Stocks Plunge As Divergence With Oil Prices Ends
Widespread protests in China over Beijing’s zero-COVID policy and uncertainty over Chinese oil demand have sent...
Italy Plans 50% One-Off Windfall Tax On Energy Firms
A draft budget has unveiled plans by Italy to impose a one-off windfall tax of 50% on the extra income energy firms following rise...
Beijing Protests: Oil Stocks Plunge As Divergence With Oil Prices Ends
Widespread protests in China over Beijing’s zero-COVID policy and uncertainty over Chinese oil demand is obviously affecting global energy markets.Â
Yesterday, energy stocks broke with...
Oil Giants Eye S/African Coasts as Fuel, Climate Crises Merge
French energy multinational, TotalEnergies is preparing to submit its final application for approval to drill up to five wells for oil or gas between...
U.S. Signals Chevron To Pump Oil In Venezuela Again
US treasury department on Saturday said it would allow Chevron to resume pumping oil from Venezuela oil fields.
Reports say the permission also signals an...
The Diesel Crisis Is Going Global
A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season...
A $65-$70 Oil Price Cap May Not Hurt Putin
Being the prices that buyers pay for Russian oil, a price cap of $65-$70 per barrel against the country’s oil may not shrink its...
Germany’s Fossil Fuel Firms Face 33% New Windfall Tax
Germany is implementing a special levy that will see the country’s oil, gas and coal firms pay 33% of windfall profits. The levy will...
