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China’s largest offshore crude oil producer, Bohai Oilfield, has seen its daily oil and gas output reach more than 100,000 tonnes of oil equivalent, a record high over the past five decades, said China National Offshore Oil Corporation’s Tianjin branch on Thursday. Since the construction of the base in 1965, …

Brent crude oil continued to rise on Wednesday, gaining 1.6% as the market focuses squarely on the OPEC+ meeting scheduled for Thursday, with analysts increasingly anticipating additional output restrictions on some level from the cartel. On Wednesday at 2:39 p.m. ET, Brent crude was trading at $82.99, up 1.60% for …

The Parliament of Sweden has approved a new energy bill paving the way for the construction of additional nuclear reactors beyond the 10 originally approved to boost energy security and reduce carbon emissions, Reuters reports. Sweden’s current fleet of six nuclear reactors is all that remains from 12 reactors after …

OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for Thursday currently expected, two sources from the producer group said on Wednesday. On Tuesday, sources had said a further delay to the meeting of the Organization of the Petroleum Exporting Countries and …

Aircraft developer Zeroavia has secured the backing of the UK infrastructure bank in its latest fundraising round, as it looks to build hydrogen-electric engines for low-carbon flying. The firm, which has bases in London, Kemble and California, said it had raised a total of $116m (£91.9m) in Series C funding …

Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region. The state-owned Saudi Arabian producer will reduce the official selling price …

Amid a flurry of unrest amid the OPEC+ oil group, a rollover of the prior agreement is the likely scenario, with deeper production cuts being less likely, four OPEC+ sources told Reuters on Tuesday. The next meeting to discuss the plan for 2024 oil production among the group was previously …

India is still considering whether to allow a now-sanctioned tanker carrying Russian oil to approach and dock at one of its ports—a sign that the U.S. clampdown on Russian crude trade could limit India’s ability to buy and import cheaper oil. The NS Century tanker is owned by Russia’s state-owned …

Days after the International Energy Agency (IEA) said that the oil and gas industry faces “a moment of truth” in choosing between fueling climate change and becoming a part of the solution, OPEC criticized the agency for vilifying the industry and for playing down energy security and affordability. Last week, …

One of the world’s top coal producers and users, India, aims to triple its coal production from underground mines as it seeks to meet energy demand with what it says is a more “eco-friendly” way to produce coal than opencast mines, a senior Indian official has told the Financial Times. …