Stories tagged “Gas.”
30 stories
America’s Authoritarian Adversaries Are Forging a New Power Bloc
The United States' overt seizure of Afghan assets has sparked a new era of smash-and-grab diplomacy in a world of resource scarcity. National security experts warn that Russia, China, and Iran are joining forces against Western pressure.
Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
The Jones Act waiver by Trump is unlikely to lower gas prices due to various factors, including the complexities of the US oil market and the limited impact of the waiver on oil prices.
Pakistan's Petroleum Minister Ali Pervaiz Malik announced that Turkish Petroleum will soon begin offshore drilling operations in the country's territorial waters. This move aims to attract significant foreign investment to Pakistan's energy sector, which currently imports…
U.S. Energy Helps Cushion Global Supply Shock From Hormuz
The Iran war has tightened global refining capacity, leading to a new refining boom. Meanwhile, the U.S. is helping to cushion the global supply shock from the Hormuz Strait by increasing its energy exports.
Iran says a deal with Oman on control of the Strait of Hormuz is close but will not be enough to free up the waterway. The deal would give Tehran control over ships entering the Gulf through the strait.
ADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export Fleet
ADNOC has acquired 11 supertankers for $1.3 billion to expand its export fleet, a move aimed at increasing its global market share.
Iran and Oman are close to an agreement on a new route through the Strait of Hormuz, a key waterway for global oil and gas trade. The deal would allow ships to pass through the strait on a northern route and then exit on a southern route along the Omani coast.
Hormuz Crisis Is Rewriting the Global LPG Trade
The ongoing Hormuz crisis is significantly impacting the global LPG trade, with India's refiners turning to West African grades to bypass the bottleneck. The crisis has led to a surge in tanker traffic in the Red Sea, with several attacks reported in recent weeks.
Iran's capacity for collecting associated petroleum gases has increased with the implementation of new projects, aiming to reduce flaring to 35 million cubic meters per day.
Nigerian consumers significantly reduced their consumption of petrol, diesel, and cooking gas in the first half of 2026 due to soaring pump prices, according to a report by the Major Energy Marketers Association of Nigeria (MEMAN). This trend highlights increased price se…
US President Donald Trump claims that direct negotiations with Iran are under way, and has warned that the latest round is Tehran’s “last chance” to secure a deal to end the war. Iran denies direct negotiations, warns that US military blockade carries the threat of ‘serio…
Nigeria must lead global energy security – Seplat CEO
Seplat Energy CEO Effiong Okon urged Nigeria to become a reliable global energy supplier by boosting investment, improving production, and developing gas infrastructure amidst global uncertainties.
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
US President Trump has ordered oil companies to cut gas prices, targeting Chevron CEO Michael Wirth. The move aims to reduce the cost of fuel for American consumers.
Trump's Iran Reversal Sends European Gas Prices Tumbling
US President Trump's reversal on Iran has sent European gas prices tumbling. The move has sparked a surge in dark tanker transits at the Bab el-Mandeb Strait, as Houthi threats persist. European gas prices have fallen significantly, with some markets experiencing a 5% drop.
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has sold its stake in the Cyprus gas project to MOL for $720 million. The deal marks a significant shift in the global energy landscape, with Shell exiting the project and MOL taking over.
Low Gas Storage and Diesel Shortages Threaten Europe’s Winter Supply
Europe's gas storage levels are at a record low, and diesel shortages are threatening the continent's winter supply. The situation is exacerbated by the ongoing conflict in the Middle East, which has disrupted oil production and supply chains.
Indian Oil Eyes Stakes In Gas Carriers To Cut U.S. LPG Freight Costs
Indian Oil is considering investing in gas carriers to reduce its U.S. LPG freight costs. The move aims to cut expenses and improve the company's bottom line.
Eni Increases 2026 Buybacks as Production Growth Accelerates
Italian energy company Eni has increased its 2026 buybacks as production growth accelerates. The company's production growth has been driven by its investments in the North Sea and the United States. Eni's buybacks are expected to increase by 10% in 2026, driven by the co…
Hitting EU Renewables Targets Could Slash Gas Demand a Quarter by 2030
The European Union's renewable energy targets could lead to a significant reduction in gas demand by 2030, according to a report. This shift could have far-reaching implications for the global energy market.
Escalating Protests in Libya Threaten Oil and Gas Supply
Protests in Libya are escalating, threatening the country's oil and gas supply. The situation is causing concern for the global energy market, with prices potentially rising as a result.
Cyprus Launches First Gas Project with Eni and TotalEnergies Backing
Cyprus has launched its first gas project, backed by Eni and TotalEnergies, marking a significant milestone in the country's energy sector. The project aims to tap into the country's offshore gas reserves, which are estimated to be around 5 trillion cubic feet.
The article compares the State Street Energy Select Sector SPDR ETF (XLE) and the Invesco Solar ETF (TAN), two funds that represent the energy sector but focus on different sub-industries. XLE tracks traditional fossil fuel giants and energy services, while TAN targets th…
The article compares two ETFs, State Street's XLE and Invesco's TAN, which focus on oil and gas and solar energy respectively. XLE tracks traditional fossil fuel giants, while TAN targets the solar supply chain. The article helps investors decide which fund is the better …
A rig accident at the Rosebank oilfield in the North Sea has caused a delay in production, which could be months. The field is projected to produce 300m barrels of oil over its 25-year lifespan.
US Oil Drillers Take A Break As Oil Prices Hover Near $100
US oil drillers are taking a break as oil prices hover near $100. The decision comes as the global supply crisis deepens, with oil prices reaching a new high. The US oil and gas industry is facing a significant challenge as the global demand for oil continues to rise.
Global oil prices topped $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea.
LNG Importers Seek Lower Qatar and UAE Prices as War Upends Deals
LNG importers are seeking lower prices from Qatar and the UAE as the ongoing war in the region disrupts deals and tightens global gas markets.
The oil price spike feared after the US and Israel struck Iran on February 28 did not materialize, with Brent crude futures peaking at $126 a barrel, below the 2008 record of $147. The national average for regular gas peaked at $4.56 a gallon in May, but has since retreat…
Equinor CEO: Europe May Miss Winter Gas Storage Goal
Equinor CEO warns that Europe may miss its winter gas storage goal due to supply chain disruptions and geopolitical tensions. This could lead to higher energy prices and increased reliance on imports.
Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years
Europe is heading into winter with its weakest gas cushion in 15 years, according to recent data. This has significant implications for the region's energy security and economy.