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Oil heads for third week of gains as output stumbles


Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight

Russian oil reserves to suffice for 30 years with current production level


Russia’s geological holding Rosgeo estimates the country’s reserves of oil and gas at 30 and 70 years respectively at the

Nigeria sees 2022 oil production of 1.88 mln bpd, GDP growth of 4.2%


The Nigerian government expects the country to produce 1.88 million barrels per day of crude oil in 2022 and will

On the cusp of Europe’s winter season, gas storage hits 10-yr low


European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season,

Prices drop on rise in Norway flows


British and European wholesale gas prices fell on Thursday morning as stronger flows from Norway after the end of several

UK energy fragility unmasked by surge in global gas prices


Like most other energy crises, Britain’s power and gas crunch has a short-term trigger (a sudden surge in international gas

Iraq oil minister says OPEC and allies working to keep crude price near $70


Iraq’s oil minister said OPEC and its allies are working to keep crude prices close to $70 per barrel as

India refiners’ August crude processing lowest in 10 months


Indian refiners’ crude oil throughput in August dipped to its lowest in 10 months due to ongoing maintenance activities at

‘Death sentence’: low-lying nations implore faster action on climate at U.N


Faced with what they see as an existential threat, leaders from low-lying and island nations implored rich countries at the

Over 16% US Gulf oil, 24% offshore natgas output remains shut in


Over 16% of the US crude oil production and 24% of the offshore natural gas output remained shut on Wednesday,

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