Saudi Arabia’s oil giant Aramco is dusting off plans to sell more of its shares, aiming for a $50-billion share sale on the domestic stock exchange with a possible secondary listing abroad, in what could be the world’s biggest share sale ever, The Wall Street Journal reported on Friday, quoting …

Oil prices continue to move toward the $100 a barrel threshold amid growing supply concerns, as OPEC and allied producers are slow to boost output. Ransomware attacks on German storage facilities and winter storms in the US are also pushing prices higher. European benchmark Brent Crude closed around $92.8 per …

China criticized U.S. President Joe Biden’s decision to extend tariffs on imported solar equipment, saying the act will “distort” international trades of the renewable energy product. “The U.S. government insisted on the extension regardless of the strong opposition domestically and internationally,” the Ministry of Commerce said in a statement on …

Oil rocketed to a fresh seven-year high above $92 a barrel, and almost every indicator is pointing to the rally extending. The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel – the fuel that helps power the global economy – is also surging as …

Ukraine, likely named after the Slavic word for “borderland,” has long been a crossroads for peoples, civilisations, trade — and military invasions. As Russia amasses its troops at the Russia-Ukraine border, energy is the latest resource to become weaponised. Russia supplies about 40 per cent of the European Union’s natural …

Saudi Arabia raised oil prices for its main market of Asia after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased pricing for all grades for Asian customers in March, according to several people with knowledge of the matter. The company raised its key Arab Light oil …

After a month in which oil prices surged 15% and geopolitical tensions seethed around the world, OPEC and its allies took a record-quick 16 minutes to decide that they would stick to their previously planned output increase. Apparently, there were no lengthy discussions at Wednesday’s meeting about member nations of …

The managing director of National Iranian Gas Company (NIGC) has said all of the country’s rural and urban population will have access to natural gas through the national gas network within the next two years, IRNA reported. Speaking in a ceremony for the inauguration of a project for gas supply …

President Vladimir Putin unveiled a new Russian gas deal with China at a meeting with President Xi Jinping in Beijing on Friday, promising to increase Moscow’s far east exports at a time when Putin is at odds with European customers over Ukraine. Russia, already Beijing’s No. 3 gas supplier, has …

Oil prices climbed on Friday, heading for gains for the seventh consecutive week over reports of supply disruptions in Libya and an explosion on an oil production ship off the coast of Nigeria. International benchmark Brent crude was trading at $91.44 per barrel at 0654 GMT with a 0.36% gain …