Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the…
Vitol steps up Venezuela oil buying before U.S. license lapses
(Bloomberg) — Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business…
Oil Prices Rebound on Hopes of U.S.-China Tariff De-escalation
Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As…
Eni Keeps Buybacks by Cutting Capex and Costs Amid Oil Price Slide
Amid the oil price crash and macro headwinds, Eni SpA (NYSE: E) on Thursday reduced its capital expenditure plans for 2025 and vowed to cut more costs as it maintained…
Weak Demand Set to Drag China’s LNG Imports Down by 20%
China continues to witness weak demand for liquefied natural gas and its LNG imports in April are estimated to be 20% lower than the volumes imported in the same month…
Chevron Revives Exploration Efforts in Namibia
Chevron plans to begin drilling an exploration well offshore Namibia, where several international majors have found huge oil and gas resources in recent years. Chevron Namibia Exploration Limited considers drilling…
Australia agrees first biomethane feed into natural gas network
It’s been a big month in Australia’s biomethane sector with the Australian Gas Infrastructure Group (AGIG) signing an agreement to connect the first biomethane project into its South Australian gas…
European Energy Costs Plunge Following Winter Peaks
Electricity prices in Europe are falling this spring from two-year highs in the winter of 2025 as natural gas prices fall and renewable power generation jumps. Expensive natural gas in…
India Cuts LNG Buying as Prices Climb
Indian energy importers have reduced the volume of liquefied natural gas they buy from abroad as prices trend higher. Instead, they are buying more oil products, Bloomberg reported. Two energy…
EU Parliament Committee Backs Softer Gas Storage Rules
The energy committee at the European Parliament supported on Thursday the EU member states’ proposal to give more flexibility to the natural gas storage goals. The EU is seeking greater…
RWE and PPC Commission 930 MW Solar Portfolio in Greece, Advance Nearly 1 GW of Operational Capacity
