The world’s largest crude exporter, Saudi Arabia, has raised the price of its flagship grade to Asia by more than expected amid high volatility in international oil prices amid the escalating conflict in the Middle East. Saudi Aramco in the weekend raised the price of its Arab Light grade loading …
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Chevron has shut in its Blind Faith platform in the U.S. Gulf of Mexico and evacuated all personnel from the facility in preparation for Hurricane Milton, the supermajor said on Monday. “Production from our other Chevron-operated Gulf of Mexico assets remains at normal levels,” Chevron said in a media update …
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There are great humanitarian implications for any war, but the environmental consequences of conflict can often be overlooked. Conflicts, both big and small, have an extremely detrimental effect on the environment due to the use of munition. More than 5 percent of global emissions are caused by conflict or militaries, …
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The oil market is on edge after tensions between Israel and Iran flared up this week. Fears of an all-out war and an actual disruption to oil supply from the Middle East intensified, pushing oil prices higher. As the world awaits the Israeli response to the Iranian missile attack on …
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Oil prices fell on Monday after posting their steepest weekly rise in over a year last week as oversupply concerns amid softer demand countered the worries of a wider Middle East war disrupting exports in the key producing region. Brent crude futures fell 31 cents, or 0.4%, to $77.74 per …
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Turkey has dispatched its seismic research vessel Oruc Reis to Somalia following the oil and gas cooperation deal signed early this year. This is the first intercontinental mission for the vessel since it was commissioned in 2017, significantly expanding Turkey’s exploration capabilities. In a ceremony to send off the vessel …
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The Japanese government announced a decision Sunday to expand a Japan-South Korea cooperation framework aimed at reducing emissions of methane from natural gas development projects. Twenty-two Japanese companies, including Kansai Electric Power, Tokyo Gas and trader Mitsubishi, will newly join the framework, according to the government. The government made the …
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The International Energy Agency (IEA) warned that rising global gas consumption and geopolitical tensions may complicate supply as countries approach winter, the German news agency dpa reported. According to the agency’s latest report, industrial demand, particularly from Asia, is driving a significant increase in gas usage. The agency projected global …
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Libya is focusing on developing its renewable energy potential, particularly solar and wind power, to reduce its dependence on oil and enhance energy security. The country’s renewable energy efforts are supported by international partnerships with organizations like the EU, UNDP, and countries like Italy. Despite facing political challenges and a …
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Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni’s director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday. “We already deal with Japanese buyers on a short-term basis and we …
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