Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in March to their highest in more than a year after benchmark prices spiked on higher demand from China and India as U.S. sanctions disrupted Russian supply, traders said on Monday.
The UAE’s ADNOC Gas has signed an agreement under which it will supply LNG to energy trading company JERA Global Markets for a period of three years, ADNOC Gas announced on Monday.
Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies, he said.
The order was placed by JERA Global Markets Pte. Ltd., owned 66.7 percent by Japanese power utility JERA Co. Inc. and 33.3 percent by France’s EDF Trading Ltd, according to an online statement from ADNOC Gas on Monday.
The probability is very low that President Trump will be able to arm-wrestle Muhammed bin Salman of Saudi Arabia to produce more oil.
Sweeping US sanctions on Russia’s oil industry are unlikely to result in a “large hit” to production, as higher freight rates and the nation’s cheap crude support the trade, according to Goldman Sachs Group Inc.
In a statement, GNPC expressed its confidence in Mr Bawa’s leadership, emphasising his extensive experience and strategic vision for the Corporation.
Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel.
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced.
Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year.