European natural gas futures fell following more signals from Russia that supply may increase next month. Russian President Vladimir Putin ordered Gazprom PJSC on Wednesday to focus on filling its European storage sites from Nov. 8, a day after it completes the process in Russia. This should help alleviate supply …

Oil and gas group Shell wants to reduce emissions from its activities by 50 percent by 2030 compared to 2016 levels. With this, Shell is further increasing its efforts to reduce emissions. At the end of May, the court in The Hague ruled that the company is obliged to reduce …

The 2022 Beijing Winter Olympics will be the first “zero carbon” Olympics in history. Renewable energy will power the six venues cutting carbon emissions by 320,000 tons and the use of coal by 128,000 tons. With low-carbon technology used in construction and renovation, the global event is expected to be …

A severe winter in Europe would likely mean natural gas prices will continue to rise higher, adding to the continent’s energy woes, according to Dea Mario Mehren, chief executive of natural gas and crude oil company Wintershall. “Prices might go up if the winter is very tough,” Mehren said during …

Chronic underinvestment in new oil supply since the 2015 crisis and the pressure on oil and gas companies to curb emissions and even “keep it in the ground” will likely lead to peak global oil production earlier than previously expected, analysts say. This would be a welcome development for green …

Russian Foreign Minister Sergey Lavrov said he supported Norwegian Prime Minister Jonas Gahr Store’s criticism of the European Commission’s call to prohibit the development of new oil and gas fields in the Arctic region. “I agree with the opinion, expressed by Norwegian Prime Minister Store, who has already expressed his …

Oil rose with traders awaiting U.S. supply data that will show whether inventories tightened further at the Cushing, Oklahoma, crude storage hub. U.S. crude futures rose 1.1% on Tuesday, holding at the highest since 2014. The industry-funded American Petroleum Institute’s inventory tally due later Tuesday will be closely watched after …

Oil services company Petrofac has said it is “anticipating significant upside potential upon return to markets in Saudi Arabia, Iraq and the UAE”. In 2019, customers in Iraq and Saudi Arabia suspended Petrofac from bidding on new contracts, while allowing it to execute pre-existing contracts, followed by a UAE customer …

Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s capital. “The spare capacity is shrinking.” His comments come with crude prices having soared …

Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by strong demand in the US, the world’s biggest consumer of oil and its products. Brent crude was up 13c or 0.2% at $86.12 a barrel by 0427 4.27am GMT, after gaining 0.5% …