European Union leaders are meeting in person for the first time in five months on Friday and Saturday, hoping the human touch will allow them to seal a €1.8 trillion Continue Reading
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate (NPD) said in its first-half activity report Continue Reading
Shell believes that the UK government could bring forward its timeline to ban the sale of new gasoline and diesel vehicles as early as in 2030, with the “the right Continue Reading
Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote Continue Reading
While Shell’s ~$17-billion Australian LNG project, Prelude, hasn’t produced since February after shipping its first product in June 2019 and no one knows when it will be restored due to Continue Reading
Road traffic levels in most of Europe’s biggest economies is easing back from post-lockdown highs on rising concerns about a return of measures to contain a second-wave of coronavirus infections. Continue Reading
Russian incomes in the second quarter plunged by the most since the country’s 1998 default as the economy of the world’s biggest energy exporter took a double blow from the Continue Reading
Crude oil futures traded steady to higher in mid-morning trade in Asia July 17, supported by tightening global crude supplies, even as rising coronavirus cases worldwide continued to cloud the Continue Reading
Oil fell on signs that the recovery in oil consumption may be starting to slow. Futures in New York fell below $41 a barrel after struggling to surpass their highs from Continue Reading
Negotiations were relatively smooth, and OPEC+ did not deliver any major surprises when it agreed to ease the production cuts beginning in August. Widely expected, oil traders appeared satisfied by Continue Reading
