OIL

10,863 articles

Baghdad tanker blast accident kills at least 9: security forces
Oct 29, 2022 (AFP)
The explosion, heard across much of Iraq's capital, was in a car park near a football field in a residential area of eastern Baghdad. "Nine civilians were kille...
UK defence ministry slams Russia's 'false claims' on attacks
Oct 29, 2022 (AFP)
The defence ministry tweeted: "To detract from their disastrous handling of the illegal invasion of Ukraine, the Russian Ministry of Defence is resorting to ped...
Austria's OMV profits up amid soaring energy prices
Oct 28, 2022 (AFP)
For the period from July to September, OMV recorded a net profit of 3.3 billion euros ($3.3 billion), compared to 279 million euros for the same quarter last ye...
China's President Xi expected to visit Saudi Arabia: Saudi FM
Oct 28, 2022 (AFP)
Prince Faisal bin Farhan hailed the "historical and solid relationship" between the major oil exporter and Beijing after talks with his Chinese counterpart Wang...
Shell posts more bumper profits on high energy prices
Oct 27, 2022 (AFP)
The result compared with a loss after tax of $447 million in the July-September period last year, Shell said. Flush with cash from revenue surging to almost $10...
Energy giants' billions renew windfall tax debate
Oct 27, 2022 (AFP)
As millions struggle with higher energy bills and inflation, there have been mounting calls for a much bigger tax to be placed on energy companies that have ben...
UK's Sunak reinstates fracking ban in campaign U-turn
Oct 26, 2022 (AFP)
The ruling Tories had introduced a moratorium on controversial gas fracking in England after committing to a ban in a 2019 manifesto that saw them elected with ...
Sweden's navy conducts new inspections near Nord Stream
Oct 26, 2022 (AFP)
The new inspections were initiated at the behest of the navy itself and are independent of the ongoing Swedish criminal investigation into the leaks. "We have f...
French state bank to end financing of oil and gas projects
Oct 26, 2022 (AFP)
The Caisse des Depots adopted its first action plan to adapt to climate change. The banking group will no longer make "investments and direct financing of new o...
Italy commissioner approves contested gas terminal
Oct 25, 2022 (AFP)
Its approval came as new Prime Minister Giorgia Meloni told parliament her government's priority would be helping businesses and households cope with sky-high e...
Singapore targets net zero by 2050, eyes hydrogen power
Oct 25, 2022 (AFP)
The city-state targets for carbon emissions to peak in 2030 at 60 million tonnes, a reduction of five million tonnes from the previous goal, Deputy Prime Minist...
Gazprom begins tests on gas field for China exports
Oct 25, 2022 (AFP)
The tests announced Tuesday are part of the measures to put the Kovykta gas field into service, which is expected in December, and will allow Russia to increase...
Iraq arrests businessman suspected in theft of $2.5bn from tax agency
Oct 24, 2022 (AFP)
The alleged theft first came to light in mid-October, sparking widespread anger in the war-ravaged country that has long suffered endemic corruption while sitti...
Blue hydrogen and the world's energy systems
Oct 20, 2022 (SPX)
MIT Energy Initiative Research Scientist Emre Gencer and researchers from a wide range of global academic and research institutions recently published "On the c...
Dutch to quit 52-nation fossil fuel deal over climate concerns
Oct 19, 2022 (AFP)
In June, the European Union struck a compromise deal to update the decades-old Energy Charter Treaty, which governs cross-border energy trading and investment. ...
BP to buy US renewable gas firm for $4.1 bn
Oct 17, 2022 (AFP)
The London-listed energy major is flush with cash after recent surges in oil prices that have triggered calls for the cash-strapped UK government to massively e...
'Black gold' for Guyana and Suriname, a blessing or curse
Oct 17, 2022 (AFP)
The former Dutch colonies are among the world's most tree-covered countries, hosts to the so-called forest "lungs" that sequester massive amounts of planet-warm...
Nigerian gas company declares force majeure over flooding
Oct 17, 2022 (AFP)
It was unclear if or how many export cargoes would be affected. The development comes as European countries, many of which relied heavily on Russia's gas before...
Senegal not giving up on oil and gas
Oct 17, 2022 (AFP)
It has been hailed as a new economic beginning in developing Africa, and condemned as a new source of pollution in a world suffocating from global warming. On t...
Iraq probes $2.5 billion 'theft' from tax agency
Oct 16, 2022 (AFP)
State news agency INA reported Saturday that an internal probe by the finance ministry found the money had been withdrawn from the agency's account at a state-o...
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