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The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production fell to 1.417 million barrels per day in the month of February compared to 1.427 for the month of January. OPEC revealed this in its Monthly Oil Market report, warning that disruption to global trade flows …

Japan asked the United Arab Emirates on Tuesday to make “proactive contributions” as a major oil producer to help stabilize surging crude oil prices triggered by Russia’s invasion of Ukraine, and the two agreed to work closely, Prime Minister Fumio Kishida has said. After a phone call with Crown Prince …

In a potential big breakthrough on shipping’s path to decarbonisation, the Japanese look like they have minimised the issue of methane slip for ships using LNG as a fuel. Hitachi Zosen, Mitsui OSK Lines (MOL) and Yanmar Power Technologies have received approval in principle from ClassNK for a methane oxidation …

India is pinning hope on the resumption of crude oil supplies from Venezuela and Iran. India, the world’s third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices …

Oil prices tumbled more than 6 per cent, adding to Monday’s drop of more than 5 per cent, as both the New York- and London-traded benchmarks settled below the key USD 100 per barrel mark for the first time since the start of Russia’s “special military operation” in Ukraine. Crude …

Governments around the world are pushing for the rapid development of renewable energy projects in an attempt to move away from fossil fuels. But as Europe and the U.S. speed ahead with new solar and wind projects, the criticism these projects are facing is ramping up as well. Whether or …

Shunned by the West, Russia is looking to the East for partners in its oil and gas sector and for willing buyers of its crude. The closest partner east of Moscow is China, the world’s top oil importer, which is reportedly already taking advantage of the exodus of western companies …

Last week, Moscow made good on its threat to weaponize its energy exports in retaliation against Western sanctions by imposing wide-ranging export bans. Alexander Novak, Russia’s deputy prime minister, said his government has the “full right” to “impose an embargo” on gas supplies by halting gas supplies through the Nord …

U.S. natural gas can easily replace Russian gas in Europe, the chief executive of EQT, the country’s largest producer of gas, told the BBC in an interview. “We’ve got the ability to do more, the desire to do more,” Toby Rice told the BBC, estimating that the United States had …

Oil prices fell below the $110 per barrel mark early on Monday after China locked down several cities because of a surge in COVID cases and Russia and Ukraine separately signaled progress in talks that continue today. As of 7:30 a.m. EDT on Monday, WTI Crude was down 5.75% at …