Tag Archives: Oil Price

French Big Oil major TotalEnergies is considering a divestment from some wind and solar power assets in Asia to reduce its debt load, Bloomberg reported today, citing unnamed sources. A potential sale could fetch several hundred million dollars, the sources told the publication. TotalEnergies is currently gauging potential buyer interest …

From indispensable bridge fuel to dirtier than coal, natural gas has gone through a few turbulent years recently, culminating in the EU’s risky legislation that could see it left out in the cold and dark, and investors’ newfound—or newly remembered—appetite for investments in gas. In the final year of his …

The International Energy Agency has dropped its predictions that oil demand growth will peak in a matter of a few years. In the latest edition of its World Energy Outlook, the IEA said oil and gas demand could continue growing until 2050. The IEA said that the coming years and …

The renewable energy boom has been heating up around the world, with many countries shattering their previous records for clean energy expansion year after year. But in many grids, the rapid growth of renewables has outpaced the advancement of critical supportive infrastructure, from sufficient power lines to reliable and practical …

China is encouraging private investment in state-led major energy and infrastructure projects and could allow private investors to have more than 10% in certain projects, the government said in a landmark directive aimed at boosting investment and reinvigorating the economy. The projects open to minority private shareholding will need state …

All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia’s top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday. India’s refiners, which have come to rely on cheap Russian crude in the past three …

Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest sovereign wealth fund told Bloomberg in an interview published on Monday. The fund has recently hired three people in New …

Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday. Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and …

Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude. Reuters reported, citing unnamed industry sources, that Hindustan Petroleum Corp. had bought 2 million barrels of West Texas …

The Changqing shale oil field in Northwestern China has produced a cumulative 20 million tons of crude, Chinese media reported, noting the amount marks the start of a new phase in domestic oil production. The amount, equal to some 146.6 million barrels, is notable mostly because of the challenging geology …