OIL

10,863 articles

Iran top diplomat in Oman on second leg of Gulf tour
Jun 21, 2023 (AFP)
Hossein Amir-Abdollahian is on a tour of the Gulf that will see the Iranian foreign minister also making stops later in Kuwait and the United Arab Emirates. On ...
Qatar inks second long-term gas supply deal with China
Jun 20, 2023 (AFP)
The agreement, to supply four million tonnes annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sino...
China imports of Russian oil highest since Ukraine invasion: data
Jun 20, 2023 (AFP)
China is Russia's largest economic partner, with trade between them reaching a record $190 billion last year. In May, China imported 9.71 million tonnes of oil ...
ASEAN moves joint drills from disputed South China Sea area
Jun 20, 2023 (AFP)
The bloc's joint exercises were initially slated for the North Natuna Sea, which Indonesia claims as its exclusive economic zone but where Beijing's ships occas...
USTC enhances hydrogen production via new catalyst strategy
Jun 18, 2023 (SPX)
Hydrogen, as a renewable and clean energy, has the potential to replace fossil fuels, and producing "green hydrogen" through HER could be a wise way to embrace ...
Peak in oil demand 'in sight' before end of decade: IEA
Jun 14, 2023 (AFP)
The Paris-based agency, which advises developed nations, forecast in its Oil 2023 medium-term market report that annual demand growth would slow sharply over th...
Shell focused on energy transition, but spending big on fossil fuels
Jun 14, 2023 (UPI)
"Performance, discipline, and simplification will be our guiding principles as we allocate capital to enhance shareholder distributions, while enabling the ener...
Shell maintains oil output levels, sparking outcry
Jun 14, 2023 (AFP)
Shell previously flagged a crude output reduction of between one and two percent per year as part of its carbon neutrality plan unveiled in 2021 and based on 20...
Shell to keep oil output steady, sparking outcry
Jun 14, 2023 (AFP)
Shell previously flagged a crude output reduction of between one and two percent per year as part of its carbon neutrality plan unveiled in 2021 and based on 20...
UN secures insurance to pump oil from decaying tanker off Yemen
Jun 13, 2023 (AFP)
The rusting FSO Safer, abandoned off the rebel-held port of Hodeida, has not been serviced since the Arabian Peninsula's poorest country plunged into civil conf...
Oil transfer from abandoned Yemen ship to start soon: UN
Jun 13, 2023 (AFP)
The FSO Safer, long used as a floating storage platform and now abandoned off the rebel-held Yemeni port of Hodeida, has not been serviced since the Arabian Pen...
Iraq record budget hands Baghdad greater control over Kurdish oil
Jun 12, 2023 (AFP)
The three-year financial plan also hands the federal government in Baghdad greater control over lucrative oil exports from the northern autonomous Kurdistan reg...
A baking soda solution for clean hydrogen storage
Jun 12, 2023 (SPX)
One of the most promising renewable energy carriers is clean hydrogen, which is produced without fossil fuels. It's a promising idea because the most abundant e...
Saudi announces investment deals at Arab-China summit
Jun 11, 2023 (AFP)
The meeting comes amid growing commercial and diplomatic ties between Beijing and Middle Eastern countries, including a recent landmark Chinese-brokered rapproc...
EU fossil fuels emissions lower thanks to gas crisis
Jun 09, 2023 (AFP)
The European Union's statistical agency said in a report that CO2 emissions from the 27 EU nations was almost 2.4 billion tonnes last year. Carbon dioxide emiss...
Blinken says Saudis not asked to choose between US, China
Jun 08, 2023 (AFP)
Blinken, appearing alongside his Saudi counterpart Prince Faisal bin Farhan at the end of a three-day visit, denied that Saudi Arabia's warming ties with China ...
Renewables gaining ground, but gas dominates the U.S. energy grid
Jun 08, 2023 (UPI)
The U.S. Energy Information Administration, the Energy Department's data cruncher, said it expects a large component of the increase in electric power generatio...
Emirati COP28 chief recognises reduction of fossil fuel use 'inevitable'
Jun 08, 2023 (AFP)
"The phase down of fossil fuels is inevitable," Sultan al-Jaber said on the sidelines of technical climate talks six months ahead of the summit. "The speed at w...
Norway sees geopolitical issues as stalling energy transition
Jun 08, 2023 (UPI)
Norway's economy is unique. It's one of the main oil and natural gas suppliers to the regional economy, while relying on renewable resources for much of its own...
Blinken, Saudi crown prince discuss cooperation on security in Jeddah
Jun 07, 2023 (UPI)
Blinken planned to be in Saudi Arabia through Thursday in an effort to build strategic cooperation on regional and global issues, including the coordination of ...
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