Oil rises sharply ahead of OPEC+ meeting
World oil prices rose by 2.5% on Monday morning, as investors focus on reports of the prospects for a significant reduction in OPEC + production…
Greece-Bulgaria Pipeline Starts Operations to Boost Non-Russian Gas Flows
Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost…
Analysis: Exposed Europe steps up energy defences after Nord Stream ‘sabotage’
Major leaks blamed on sabotage on the subsea Nord Stream gas pipelines from Russia to Europe have put governments from Oslo to Rome on high…
Gas starts flowing to Poland through new Baltic Pipe pipeline
Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline…
Global oil prices grow
Global oil prices grew on September 27 morning after falling the day before, Report informs referring to the auction data. The price of December futures for Brent…
TAP to transport more gas to Italy this year, says Managing Director
The Trans Adriatic Pipeline (TAP) may transport more than 9.5 billion cubic meters of gas to Italy this year, 2.5 times higher than the previous…
Gas prices in Europe fall 2.6%
Exchange gas prices in Europe on September 23 fell by less than 3% and are still below $1,900 per 1,000 cubic meters, Report informs referring to the…
Gas prices in Europe drop below $2,300
Gas prices in Europe at the opening of trading on September 2 fell below $2,300 per 1,000 cubic meters, according to the London ICE exchange, Report informs…
Serbia plans to purchase gas from Azerbaijan in 2023
Serbia plans to purchase gas from Azerbaijan in 2023, Serbia’s President Aleksandar Vucic said Report informs, citing Reuters, that, according to Vucic, the country’s finances were resilient…
BP Selling Stake in Ohio Refinery
BP has announced that it has reached an agreement to sell its 50 percent stake in the BP-Husky Toledo Refinery in Ohio to Calgary-based Cenovus….
Oil Supermajors Continue to Hold Back on Investment
Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research…
BP to boost spending on oil and gas by $500 mln, CEO says
BP is increasing its spending on oil and gas by $500 million in response to soaring energy prices and tightening supplies, Chief Executive Officer Bernard…
The average gas price on the stock exchange in Europe rose by almost 50% in July
The average monthly settlement price of gas on the European stock exchange has risen sharply by almost 50%, from $1,180 per thousand cubic meters in…
Gas prices in Europe exceed $2,300
Gas prices in Europe during trading on July 27 rose above $2,300 per 1,000 cubic meters for the first time since March 8 against the…
EU To Reduce Natural Gas Use By 15 Pct On Russian Supply Woes
The European Union is set to propose a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may…
ICGB received the Final Joint Decision for Certification as an Independent Transmission Operator
The Decision was presented to ICGB by the National Energy Regulators of Bulgaria and Greece during an official ceremony held in Sofia; the European Commission…
Shell starts building Europe’s largest renewable hydrogen plant
Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will…
Azerbaijan’s energy minister condoles death of OPEC chief
“My dear friend Mohammed Sanusi Barkindo’s death, who had invaluable services in the regulation of the oil market during the most difficult period made me…
Brent up by 48% in H1 2022
Oil quotes moved to growth on Friday after a sharp decline the day before at the results of the OPEC + meeting and fears about…
$1bn oil reserves discovered in Turkey
In the Turkish city of Adana, oil was found in two wells, the reserves of which are estimated at $1 billion, President Recep Tayyip Erdogan…
EU countries to discuss options to jointly curb gas demand
European Union countries’ energy ministers will on Monday discuss options for how they could jointly curb gas demand, as the bloc grapples with cuts to…
G7 Weighs Russia Oil Price Cap
Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according…
Qatar plans to increase LNG production by 43% in the next five years
ExxonMobil and QatarEnergy announced the signing an agreement on the further development of the North Field East project in Qatar, which will increase Qatar’s annual…
Oil prices climb on market caution over tight supply
Oil prices rose on Tuesday, clawing back more of last week’s losses as investors focused on tight supplies of crude and fuel products rather than…
U.S. solar manufacturer says importing parts is still risky despite tariff pause
In an interview, the president of solar module manufacturer Heliene, operator of Minnesota’s only solar manufacturer, talked about the impact of recent federal actions and…
Pakistan to default if subsidies not abolished by July – finance minister
Pakistani Finance Minister Miftah Ismail said that if the government doesn’t abolish the subsidies on petroleum products, then the country will default, Report informs referring to Geo…
Turkey starts laying pipes for Black Sea gas project
Turkey is embarking on the most important stage in the implementation of a project for the extraction of natural gas in the Black Sea from…
Brent oil exceeds $124 per barrel
Global oil prices continued their ascent on June 9 morning amid a decline in US strategic crude reserves to a minimum since March 1987, Report informs referring…
Oil surges on expectations of higher demand
Global oil prices rose on expectations of a growth in demand on Wednesday morning, Report informs, citing trading data. The August future for Brent rose by 0.3%…
US envoy expected to visit Beirut next week over Israel gas dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on…