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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 …

Japan, a key importer of liquefied natural gas (LNG), will consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies, Industry Minister Koichi Hagiuda said on Friday. He declined to confirm media reports that the United States had asked Japan if it could …

The Nord Stream 2 gas pipeline should not be singled out and viewed “in isolation” given Europe’s continued need for all sources of gas supply, the head of Austria’s OMV said Feb. 3. Speaking after OMV released its fourth quarter results, CEO Alfred Stern said European gas demand would remain …

The Abu Dhabi National Oil Company (ADNOC) announced today the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF) …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases, Trend reports with reference to Reuters. Brent crude fell 17 cents, or 0.2%, to $89.30 a barrel by 0420 GMT, after …