World oil prices vaulted Monday to fresh multi-year pinnacles on strong demand and tight supplies, fueling inflation worries and weighing on most global stock markets. The spike in energy prices saw West Texas Intermediate oil for delivery in November trading at $80.52 a barrel late Monday, its first time above …

Chevron Corp on Monday set a target to cut certain types of upstream gas emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint. The move to cut upstream scope 1 and 2 gas emissions comes amid rising pressure on energy …

The gas price in Europe surpassed $1,100 per 1,000 cubic meters during Monday trading after diving below $1,000 as trading opened, according to data provided by London’s ICE exchange. The price of gas futures for November delivery at the TTF hub in the Netherlands currently stands at $1,123 per 1,000 …

According to Chinese Foreign Ministry Spokesman Zhao Lijian, the American authorities are pushing a deliberate policy of exerting pressure on Russian energy projects in Europe BEIJING, October 11. /TASS/. Beijing opposes Washington’s politicization of gas supplies from Russia to the European Union, Chinese Foreign Ministry Spokesman Zhao Lijian said at …

The high prices and volatility we are seeing in the European gas market go beyond current market tightness, cutting to the heart of a very real concern: will there be enough gas this winter to meet demand? And the answer is: it depends. Many factors will influence how the European …

As head of the organisation that advises countries on energy policy, Fatih Birol has a blunt message to governments ahead of a crucial climate summit: He wants “real global action”, not just words. “I want to see a plan,” Birol, the executive director of the International Energy Agency, told AFP. …

Saudi Aramco has tapped banks to arrange a loan with a size between $12 -14 billion, which it plans to offer to buyers of its gas pipeline network, sources told Reuters. According to the sources, banks that financed a $12.4 billion acquisition of the company’s oil pipelines earlier this year …

As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving up efforts to ensure the fallout is only minimally reflected on its citizens and their energy bills, according to officials. Gas and electricity prices, particularly in Europe, have been setting record highs on a daily …

ACWA Power International, Saudi Arabia’s first $1 billion initial public offering since Aramco, is set to start trading in Riyadh on Monday. The $1.2 billion IPO drew interest from investors looking for exposure to a business seen as key to the kingdom’s plans to diversify its economy away from oil. …

Generation of electricity at the 1st phase of Bushehr Nuclear Power Plant in southern Iran has hit 50 billion kWh, head of Atomic Energy Organization of Iran (AEOI) announced on Sunday. Based on the preliminary studies, Iran can obtain 8,000 MW of from the nuclear power, Mohammad Eslami said according …