OIL - INDO DAILY

In fair phase-out of oil, gas rich nations stop first

Mar 22, 2022 (AFP)

The 70-page analysis from the Tyndall Centre for Climate Change Research comes as nearly 200 nations kicks off a two-week negotiation to validate a landmark ass...

Quake temporarily shuts down North Sea oil rig

Mar 21, 2022 (AFP)

The 4.6-magnitude quake occurred Monday at 6:32 am (0532 GMT), according to the Norwegian National Seismic Network. The tremor could be felt on the platform, wh...

Sri Lanka seeks more Chinese cash as crisis claims fourth life

Mar 21, 2022 (AFP)

The island nation of 22 million people is in the throes of its worst economic meltdown since independence in 1948, with widespread shortages of essential goods ...

LNG projects in the Gulf of Mexico boosted as Russian gas alternative

Mar 20, 2022 (AFP)

Now, executive chairman Charif Souki says investors "are lining up at the door to ask me: 'Can we finance your project?'" At the annual CERAWeek energy conferen...

Italy's Eni raises emissions-cutting targets

Mar 18, 2022 (AFP)

"The war in Ukraine... has created new threats to energy security which we must meet without abandoning our ambitions for a just transition," chief executive Cl...

WTI crude dives below $100 on China demand concern

Mar 15, 2022 (AFP)

The contract shed 5.7 percent to $97.13, while Brent was off six percent at $100.54. The steep losses come just over a week after they both soared to near 14-ye...

Oil prices plunge on China lockdowns, stocks diverge

Mar 15, 2022 (AFP)

Brent oil futures finished under $100 a barrel for the first time in nearly three weeks, reflecting worries about the prospects for the world's second largest e...

WTI oil price sinks 5% on Ukraine, China

Mar 14, 2022 (AFP)

WTI slid almost 5.1 percent to $103.80 per barrel, while European benchmark Brent North Sea crude shed 4.0 percent to $108.13. "Prices are falling... due to pos...

Iran says US has failed to stop oil exports

Mar 12, 2022 (AFP)

The comments by Iran's oil minister, Jawad Owji, came after US court documents showed the United States had seized the cargo of two tankers accused of carrying ...

Biden walks tightrope between need for oil and push to go green

Mar 10, 2022 (AFP)

Energy Secretary Jennifer Granholm called on oil producers to open the taps to deal with the immediate crisis, but said that does not undermine the longer term ...

Chevron Phillips to spend $118 mn to upgrade Texas plants

Mar 09, 2022 (AFP)

Chevron Phillips, which is jointly owned by Chevron Corp. and Phillips 66, has also agreed to pay a $3.4 million civil penalty, the department said in a stateme...

Norway's oil fund divests Chinese clothing brand over Uighur labour

Mar 08, 2022 (AFP)

Li Ning, a manufacturer and trader of sportswear and equipment, was singled out "due to unacceptable risk that the company contributes to serious human rights v...

Yemen rebels back UN proposal for abandoned oil tanker

Mar 07, 2022 (AFP)

The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1 million barrels of crude on board, has been moored off Yemen's Red Sea port of ...

America is finally cleaning up its abandoned, leaking oil wells

Mar 06, 2022 (AFP)

After taking the operator to court, Suan was successful in plugging one well, but the company has since disappeared, leaving him to contend with a small-scale e...

Peru says Repsol agrees to compensate thousands over oil spill

Mar 04, 2022 (AFP)

Almost 12,000 barrels of crude spilled into the sea off Peru on January 15 as a tanker unloaded oil at a Repsol owned refinery. Peru's government said on Twitte...

Hundreds of NGOs call for import ban on Russian oil, gas

Mar 04, 2022 (AFP)

It is "clear that this war machine has been funded, fed and fuelled by the coal, oil and gas industries that are driving both the invasion threatening Ukraine a...

Long road ahead for Iraq pledge to phase out gas flares

Mar 04, 2022 (AFP)

The flares produce vast amounts of carbon dioxide and other greenhouse gases, contributing to global warming without any economic or social benefit. Analysts sa...

Iran says ready to raise oil output once sanctions lifted

Mar 03, 2022 (AFP)

The comments came as global oil prices have surged following Russia's invasion of Ukraine, with West Texas Intermediate Thursday crude topping $115 per barrel, ...

Oil tops $110, equities sink on rising Ukraine war fears

Mar 02, 2022 (AFP)

Vladimir Putin's invasion of his neighbour has sent world markets into a spiral over the past week, further fraying nerves on trading floors caused by runaway i...

Brent oil breaks $110 a barrel, WTI up 5% on Ukraine conflict

Mar 02, 2022 (AFP)

Brent climbed 4.88 percent to $110.09, while WTI was up 5.06 percent at 108.64. Both are at more than seven-year highs. Vladimir Putin's incursion into the neig...