News

China’s major energy companies are increasingly focusing on natural gas as demand for oil slows. This shift comes amid rising global trade tensions and concerns over the risks of depending…

Mobil Oil New Guinea, a subsidiary of ExxonMobil, has launched a new bottom-loading facility at its Lae Terminal. This facility is part of a K40 million investment project aimed at…

A partial state of disaster has been declared in Varna, located on the Black Sea, to aid in the clean-up of a fuel oil slick that washed up on the…

Xconnect Market Maker LLP has informed Platts, a division of S&P Global Commodity Insights, of its intention to participate in the Market on Close (MOC) assessment processes for the EMEA…

Iraq has agreed to extend its fuel supply to Lebanon for an additional six months, according to a statement from the office of Iraqi Prime Minister Mohammed Shia al-Sudani on…

Key Points: Crude oil prices dropped as rising OPEC+ production and weak global demand created a bearish outlook for the market. Natural gas rose above $4.00 with strong momentum, targeting…

China’s efforts to improve its energy security have shown significant progress, with the country’s energy self-sufficiency rate surpassing 80 percent. This achievement comes as China navigates global uncertainties and supply…

Poland, historically the most coal-dependent country in the European Union, is making strides toward energy transition, but a recent survey by the Balkan Investigative Reporting Network (BIRN) reveals that private…

Fuel prices will rise for the second consecutive week, with several oil companies announcing a significant increase on Monday. Chevron Philippines Inc. (Caltex), Seaoil Philippines Corp., and Shell Pilipinas Corp.…

A business-led task force has called on the UK government to replace the windfall tax on oil and gas profits “as soon as possible,” warning that the future of the…