Business / Energy

Oil rises as China loosens travel rules, US battles winter freeze 27 Dec 2022 - 12:50 pm

Oil held gains as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures...

Netherlands to spend up to $548 mn to fill gas storage for next winter 09 Dec 2022 - 06:52 pm

AMSTERDAM: The Dutch government expects to spend up to 520.5 million euros ($548.4 million) to sufficiently fill the gas storage at Bergermeer, one...

Gazprom launches production at Semakovskoye gas field in Arctic 07 Dec 2022 - 09:29 am

Moscow: The Russian energy company, Gazprom, announced that it had started production at the new gas field of Semakovskoye in the Yamal-Nenets Autonomous...

Ukraine slams India for buying Russian oil 06 Dec 2022 - 04:44 pm

New Delhi: Ukraine's foreign minister condemned India's ramping up of Russian oil purchases following Moscow's invasion as "morally inappropriate" in an interview broadcast...

OPEC+ will keep oil policy unchanged in review talks 03 Dec 2022 - 07:03 pm

London/Dubai: OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day...

Oil slumps near 2021 lows as unrest in China rattles market 28 Nov 2022 - 08:27 pm

New York: Oil tumbled to its lowest price in almost a year as a wave of unrest in China punished risk assets and...

Minister calls for formulation of policies to distance politics from oil & gas trade 24 Oct 2022 - 09:40 pm

Doha: The Minister of State for Energy Affairs, President and CEO of Qatar Energy, H E Eng. Saad bin Sherida Al Kaabi, has...

European gas slumps to €100 on mild weather and ample supplies 24 Oct 2022 - 08:05 pm

Natural gas in Europe dropped below €100 per megawatt-hour for the first time since June as unusually warm weather and ample supplies ease...

Estonia turns back to shale oil as it cuts off Russian power 19 Oct 2022 - 10:11 pm

Auver: When Baltic states switched off Russian power and halted other imports in response to Moscow's invasion of Ukraine, Estonia restarted its shale...

OPEC+ members line up to endorse production cut after US coercion claim 16 Oct 2022 - 07:34 pm

CAIRO: OPEC+ member states lined up on Sunday to endorse a high production cut agreed this month after the White House claimed Saudi...

Oman says OPEC+ decisions based on purely economic considerations -tweet 16 Oct 2022 - 04:39 pm

Cairo: Oman's energy ministry said on Sunday that OPEC+ decisions are based on purely economic considerations, realities of supply and demand in the...

OAPEC Sec Gen says Opec+ decision to cut oil production 'correct' 15 Oct 2022 - 06:49 pm

Cairo: The secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the Opec+ decision to cut its...

CGT union votes to continue strike at TotalEnergies' French refineries 15 Oct 2022 - 04:46 pm

Paris: The CGT union at the centre of a weeks-long strike at French oil major TotalEnergies voted on Saturday to continue the walkout,...

Kremlin praises Opec+ for countering US 'mayhem' 09 Oct 2022 - 08:17 pm

Moscow: The Kremlin on Sunday praised Opec+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in...

Minister unveils admission of three partners to North Field South expansion project 06 Oct 2022 - 10:29 pm

Doha: The Minister of State for Energy Affairs and President and CEO of QatarEnergy, H E Eng. Saad bin Sherida Al Kaabi, has...

Biden says he is evaluating alternatives after disappointing OPEC+ decision 06 Oct 2022 - 06:43 pm

Washington: US President Joe Biden expressed disappointment on Thursday over announced plans by OPEC+ nations to cut oil output and said the United...

Opec+ makes big oil cut to boost prices; pump costs may rise 05 Oct 2022 - 06:07 pm

FRANKFURT: The Opec+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could...