The Federal Government has restated Nigeria’s commitment to engage with the global community and energy stakeholders on the diverse issues confronting the sector globally.
Uzbekistan has reached a deal with Russia’s Gazprom to buy 2.8 billion cubic meters of natural gas annually over the coming two years as part of a broader effort to prevent winter-time shortages.
Nigeria has authorized two new crude oil export terminals that people involved say could process more than 400,000 b/d of oil and spur the production of more crude in Africa’s biggest producer.
QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE).
WTI crude prices slid on Tuesday morning to just above $70 per barrel—an important psychological threshold for the U.S. crude oil benchmark.
Oil prices fell on Tuesday morning as uncertainty around Chinese oil demand continues to grow – particularly in the near-term.
From the moment that China offered Saudi Crown Prince Mohammed bin Salman (MbS) a face-saving way out of the Saudi Aramco initial public offering disaster that he had created, as analysed in depth in my new book on the new global oil market order, the relationship between the two countries has grown ever stronger.
Continued tightness in middle distillate inventories globally is balancing recession fears among commodity traders, pushing them to bet on fuel futures even as they exit crude oil.
Russia’s crude oil exports by sea fell slightly in the four weeks to June 18, but were still 250,000 barrels per day (bpd) higher compared to February, which serves as a baseline for the 500,000-bpd production cut Russia has promised this year.
The European Union failed to agree on proposed reforms to its energy market after a last-minute proposal from rotating president Sweden about extending state support for coal power.