Qatar Petroleum signed preliminary deals worth more than $2.47 billion on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.
Qatar, the world’s top liquefied natural gas exporter which is facing a trade boycott by some Arab states, wants to reduce...
The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the US to increase sales to the region.
The battle will not brutalize earnings too much because gas supply is just so profitable in Europe, where prices are more than double the...
Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sanctions on Iran and Venezuela, and hopes that the Sino-US trade dispute may soon end.
International Brent crude futures were at $66.66 per barrel, up 41 cents, or 0.6 %, from their last...
After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands.
The country became a net importer for the first calendar year since it started production from the giant Groningen field in 1963, Bloomberg reported.
It...
Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.
The UK-based oil company said wind, solar and other renewables will account for about 30% of the...
India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the US financial system, an Indian government source said, after Washington imposed fresh sanctions on Venezuela last month.
The United States is seeking to...
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
The US Energy Information Administration envisages global demand growth in 2019 rising by 1.49...
South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
The world’s fifth-largest crude importer won a six-month waiver in November from US sanctions on Tehran’s oil exports, but...
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors.
The international benchmark for oil prices rose as high as $65.10, pushing past $65 for the first...
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
The IEA left its demand growth forecast for 2019...