China is not buying LNG on the spot market despite a seasonal increase in demand for electricity for air-conditioning, Bloomberg has reported, noting traders had been hoping for a price jump in spot LNG. It seems, however, from China’s perspective, spot LNG is already quite expensive. “We expect that China’s …

Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking one of the country’s most significant boosts this year as OPEC+ opens the door to higher member output. According to …

Adnoc slashed its greenhouse gas emissions by 6.6 million tonnes in 2024, as the state energy company accelerated efforts to become one of the world’s lowest-carbon oil and gas producers, its latest sustainability report said. The report brings total cumulative emission reductions since the energy provider started reporting in 2022 …

TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase. The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a …

Saudi Arabia, the world’s biggest oil exporter, on Sunday hiked August prices for Asian and European buyers by more than $1 a barrel as domestic crude demand is expected to rise, reducing exports, and consumption from China is likely to increase. State energy firm Saudi Aramco raised the official selling …

Oil pared losses on Monday as a tight physical oil market offset the impact of OPEC+ hiking oil output more than expected in August as well as concern about the potential impact of U.S. tariffs on economic growth and oil demand. The Organization of the Petroleum Exporting Countries and their …

Under pressure to increase payouts to Saudi Arabia, the Kingdom’s state oil giant Aramco is considering selling up to five gas-fired power plants in deals that could raise some $4 billion, sources familiar with the plans told Reuters on Friday. Aramco has seen profits – and payouts to the Kingdom …

The UK government is launching its first onshore wind strategy, aiming to deliver up to 29 gigawatts (GW) of onshore wind power by the end of the decade. In the newly minted Onshore Wind Taskforce Strategy, the UK has set out more than 40 steps government and industry will take …

Germany is increasingly indicating openness to nuclear energy, marking a complete pivot from their historic stance on the controversial energy source. Germany’s shift in attitude toward nuclear energy comes as part of a larger global movement back toward nuclear power as a viable part of a secure and low-carbon energy …

Europe has accelerated its purchases of liquefied natural gas to refill its storage caverns for the winter, and once again, this has driven prices higher, sapping demand in Asia. This could turn into a seasonal pattern until new LNG capacity comes online—and it will definitely add to Europe’s energy cost …