During the Covid-19 pandemic, when oil prices fell to a record low, millions of oil and gas jobs were cut worldwide. This was owing to a decrease in oil and gas operations due to work and movement restrictions, as well as many companies going bankrupt. During this time, several oil …

TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading, the French energy group said on Thursday, diverging from other supermajors that have flagged weaker oil and gas trading results for the final quarter of 2024. TotalEnergies expects its Integrated LNG results …

The world’s biggest importer of coal, China, has widened its lead over the second-largest buyer, India, to the highest in more than a decade, according to customs data compiled by Reuters. Last year, Chinese imports rose while India’s fell, widening the gap between China and India in coal buying, according …

The world’s top crude oil exporter, Saudi Aramco, is set to announce on Wednesday a push to invest in lithium production and developments to capture part of the supply chain and diversify from oil, sources close to the largest oil firm globally told the Financial Times. The move to boost …

The new expansive U.S. sanctions on the Russian oil industry and exports could affect global oil flows, complicating trade logistics for producers using shadow fleets such as Russia, Iran, and Venezuela, the International Energy Agency (IEA) said on Wednesday. Despite the prospect of declining supply from Russia and Iran, with …

On Tuesday, Norway awarded stakes in 53 offshore oil and gas exploration licenses to 20 companies in its latest annual licensing round, with Energy Minister Terje Aasland revealing plans for increased drilling in its offshore Arctic region. “If we are to uphold a stable production in the years to come, …

Greece is urging the EU to move faster to address the high power and natural gas prices in the bloc that undermine its competitiveness alongside burdening households, Greek Prime Minister Kyriakos Mitsotakis wrote in a letter to European Commission President Ursula von der Leyen seen by Bloomberg News. European wholesale …

The planned construction of the next generation of nuclear reactors in France, which expects to have at least six of these, faces numerous challenges including in financing, supply chains, and timelines, France’s Court of Auditors said in a report on Tuesday. France’s power utility and major nuclear power generator, EDF, …

Crude oil prices started the week with a gain that pushed Brent crude to the highest in four months following the introduction of a fresh package of sanctions against Russia by the Biden administration. The sanctions focused on Russia’s oil industry. At the time of writing, Brent crude was trading …

China’s coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports for the year totalled 542.7-million metric tons, according to China’s General Administration of Customs, up from 474.42-million tons in …