Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
"Of course, it will probably be necessary to react, but I think that it would be more appropriate to respond to the situation...
Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
Brent crude fell 31 cents, or 0.6%, to $54.64 a barrel, while US West Texas Intermediate crude dropped 16 cents, or 0...
Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Royal Dutch Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy system.
Last year saw some key developments that are helping to reshape the industry, one of which...
Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.
Global shares also extended losses as concerns about the impact of the new virus grew, with the number of...
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market.
Brent crude was down 64 cents, or 1.1%, at $58.67 a barrel,...
Oman, the biggest Middle East oil producer outside OPEC, awarded France's Total and Thailand's PTTEP rights to explore and develop non-associated gas deposits in the sultanate, which is ramping up exploration and development of gas resources.
Oman's Minister of Oil and Gas Mohammed al-Rumhy...
Oil prices changed little Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.
Brent crude was at $57.27 a barrel, down 5 cents after rising 5.2...
LNG producers are encouraged to cut supply amid the global glut that is helping drive down prices in Asia, or push more volumes to markets beyond Europe, perhaps Latin America.
The takeaway from the 19th annual S&P Global Platts LNG Conference in Houston was that something has to give, and...
The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.
In a statement Wednesday, the US State Department said the waiver “ensures that Iraq is able to meet its short-term energy needs while it takes...
Oil prices rose around 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.
Brent crude rose 53 cents, nearly 1%, to $53.80 a barrel, retreating from an intraday high of $54.16. US West Texas...