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This week, AP and WMAR Baltimore reported that GM would have to pay the government over $146 million in penalties due to 5.9 million of its older vehicles not complying with emissions and fuel standards. The report said that the National Highway Traffic Safety Administration announced on Wednesday that specific …

In its effort to shore up global oil markets, OPEC+ is pushing members to atone for cheating on their supply quotas. Yet there’s little indication that they’re repenting. Iraq and Kazakhstan — members of the OPEC+ coalition that is paring crude output to defend prices — have pledged extra curbs …

Qatar continues to drive the Middle East’s international LNG trade flow, Asia in particular, according to the International Gas Union. In its latest report, IGU noted that the LNG trade flow between the Middle East and Asia accounted for 43.29mn tonnes in 2023, driven by Qatar LNG supplies to China, …

Clearly, China’s economy is not yet back on the recovery track, as evidenced by the mixed bag of data for May released on Monday. According to data from the National Bureau of Statistics (NBS), industrial production in China saw a 5.6% increase in May 2024 compared to May 2023. However, …

International oil and gas majors Shell, BP, and TotalEnergies, as well as Japan’s Mitsui & Co, have agreed to buy 10% each in the new LNG project in the United Arab Emirates, anonymous sources familiar with the plans told Bloomberg on Friday. The international firms will invest in the Ruwais …

Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter. Shell Plc, TotalEnergies SE, BP Plc and Mitsui & Co. will each take a 10% stake in the Ruwais LNG plant, said the …

The Kingdom of Saudi Arabia has discovered seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, the Saudi Press Agency reported. According to SPA, Prince Abdulaziz bin Salman, energy minister announced the discovery on Monday, citing that Saudi Aramco had discovered two unconventional oil fields, a …

TotalEnergies is planning to exit its gas-condensate finds off the South African coast, reported Bloomberg, citing sources familiar with the matter. Instead, the French oil and gas major plans to focus on exploration opportunities closer to Namibia. In 2019, TotalEnergies made a discovery at the Brulpadda field, braving one of …

Despite a dip yesterday on weak economic data from the United States, crude oil prices were set to end the week with another gain, extending their latest upward streak to a full month. Oil is now at the highest level since April with Brent crude adding some 9% over the …

Australia’s east coast could see shortages of natural gas as early as in 2027 unless more supply is made available soon, the Australian Competition and Consumer Commission (ACCC) said in a report on Thursday, adding another warning about the domestic market of one of the world’s biggest LNG exporters. “Long-term …