Top News

Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. Brent crude fell 31 cents, or 0.4%, to $70.05 a barrel by 0445 GMT after …

Many countries across Europe are investing heavily in the development of green hydrogen projects to help decarbonise hard-to-abate industries in support of a green transition. Europe has been highly competitive with other emerging green hydrogen regions, such as the Middle East and Asia-Pacific. However, while Europe’s green hydrogen capacity expands, …

Carbon capture and storage (CCS) were the words on everyone’s lips a couple of years ago, as most big oil majors began to invest heavily in the technology to support decarbonisation efforts. However, as the first large-scale projects get off the ground, greater criticism has emerged around the technology. Governments …

While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in America’s gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to …

Saudi Arabia just dialed back its crude prices for Asia, according to Aramco’s just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramco’s April price sheet now showing Arab Light at $3.50 per barrel over Oman/Dubai, a 40-cent cut. That’s …

Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europe’s largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels. Shell’s subsidiary Sabah Shell Petroleum Company Ltd, announced …

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. …

India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a tender to buy U.S. WTI crude in four consecutive months this summer, a source with knowledge of the plans told Reuters on Friday. Indian refiners are looking to boost U.S. crude imports to diversify purchases, as the availability …

Brazil looks to boost its economy with money from its $3.5-billion social fund, which collects revenues from oil and gas exploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Inflation and most of all rising food prices have sapped the …

The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, has made its first investment in an external hedge fund with long-short strategies, amid changing and volatile markets, a top executive of the fund’s manager told the Financial Times. The fund, which is commonly referred to as ‘Norway’s oil …