Eni in Talks with Mercuria on Trading Partnership
Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter. The talks follow a…
Russian Crude Piles Up at Sea as India Steps Back
Russian crude is piling up at sea as India’s refiners step back from purchases, leaving Moscow with millions of barrels on tankers and fewer clear outlets for its oil exports.…
Orlen teams up with Finnish trio to drive green hydrogen
Poland-based Orlen has signed agreements with three Finland partners for the production and supply of renewable hydrogen and its derivatives. The deals signed with ABO Energy Suomi, Nordic Ren-Gas and…
India Is Offered Tiny Volume of Venezuelan Oil as Most Goes to U.S.
Offers of Venezuelan crude to India are limited, and in small volumes, as most of the oil under U.S. control is heading to the United States, Indian refining executives told…
Big Freeze Disrupts U.S. Oil and Gas Production
Winter storm Fern has slashed U.S. oil and gas production as operators curtailed output amid the big freeze. Over the weekend, the storm led to producers losing up to 2…
Venezuelan Crude Is Losing Its Appeal in China
Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not too keen to start buying again after the U.S. authorized…
Canada Looks to Boost Energy Exports to India in Strategy Reset
Canada’s efforts to diversify its energy exports away from the United States go through boosting sales oil, gas, and uranium to the major energy market India, Canadian Energy Minister Tim…
India Sets Sights on $500 Billion Energy Expansion
India’s energy sector offers $500 billion in investment opportunities, including in exploration, refining, and LNG, Indian Prime Minister Narendra Modi said on Tuesday. “Our energy sector is at the heart…
Saudi Aramco Raises $4 Billion as Oil Prices Remain Under Pressure
Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt market for the first time this year amid persistently weak oil prices in the low $60s…
Analysts Explain Tuesday’s USA NatGas Price Drop
In separate exclusive interviews with Rigzone on Tuesday, Phil Flynn, a senior market analyst at the PRICE Futures Group, and Art Hogan, Chief Market Strategist at B. Riley Wealth, explained today’s…
