The country has granted approval for the development of the Rosebank oil and gas project in the North Sea, representing a significant investment of $3.8 billion by operator Equinor and partner Ithaca Energy.
October 01, 2023
US investment bank's CEO, David Solomon, has stood firm against mounting pressure from climate activists demanding that the bank cease its financing of oil and gas companies.
October 01, 2023
French major energy firm remains resolute in its commitment to emissions reduction while concurrently planning to augment oil and gas production by up to 3% over the next five years.
October 01, 2023
A sharp jump in futures prices for NYMEX WTI and ICE Brent after US commercial crude stocks sank to a nine-month low brought the western crude benchmarks to highs not seen since Aug. and Nov., respectively, of 2022.
October 01, 2023
September 25, 2023
China's special climate envoy, Xie Zhenhua, has made a resolute statement on the role of fossil fuels in global energy supply, emphasizing that the complete phasing out of these fuels is unrealistic.
September 25, 2023
The global oil market is facing a dynamic landscape with projections oscillating between $100/bbl and $150/bbl, reflecting a range of factors shaping the industry's trajectory.
September 24, 2023
A diesel fuel shortage has propelled Russia's ESPO crude blend to trade at a premium over Brent crude, with traders attributing the price surge to the scarcity of diesel fuel, according to reports by Bloomberg,
September 24, 2023
Russia has begun supplying CPC Blend crude to the United Arab Emirates (UAE), marking the first-ever purchase of this crude blend from Russia by the UAE.
September 24, 2023
The developing world with burgeoning populations and evolving economies is voicing their reluctance to adhere to the International Energy Agency's (IEA) recommendation of curbing new upstream oil developments to achieve net-zero emissions by 2050.
September 24, 2023
