Oil and Gas
Energy crunch: China firms look to pump up LNG supplies from US
Squeezed by soaring gas prices and domestic shortages, China firms seek long term US supplies, sources tell Reuters.
15 Oct 2021
Energy crunch: Heating US homes set to break the bank this winter
US heating bills are set to soar this winter, as prices for natural gas, heating oil and propane soar.
13 Oct 2021
Top UN court sides with Somalia in sea border dispute with Kenya
ICJ rules largely in favour of Somalia in setting a maritime boundary in an area believed to be rich in oil and gas.
12 Oct 2021
‘Looming disaster’: Oil ship leak threatens millions of Yemenis
Houthi rebels have been accused of delaying a solution to the stricken oil tanker crisis to gain politically.
11 Oct 2021
Saudi Arabia’s biggest IPO since Aramco surges in debut
Renewable energy business ACWA Power International is seen as key to the country’s efforts to diversify from oil.
11 Oct 2021
Oil surges to $80 a barrel as global energy crunch continues
Futures in New York rose as much as 2.3 percent on Friday and are poised for a seventh straight weekly gain.
8 Oct 2021
Nigeria to ramp up spending to boost GDP by 4.2 percent in 2022
Nigeria’s economy shrank by the most in a quarter century last year due to the coronavirus crisis.
7 Oct 2021
UAE, a major carbon emitter, aims to go net-zero by 2050
The nation of 10 million has one of the world’s highest emissions rates per capita, ahead of Australia and the US.
7 Oct 2021
Russia pledges to boost gas supplies to Europe amid energy crunch
Europe’s soaring gas prices dropped Thursday after Russia suggested it could sell more gas to European spot buyers.
7 Oct 2021
From: Inside Story
What’s fuelling Europe’s energy crisis?
Gas and electricity prices hit record highs in Europe as energy supplies run low in advance of winter.
6 Oct 2021
California oil spill spurs queries from investigators about delay
Amplify Energy waited three hours to shut down the US pipeline after the alarm went off, investigators say.
6 Oct 2021
Saudi Aramco soars to $2 trillion on sky-high oil prices
Its market capitalisation value puts Aramco just behind Microsoft and Apple as the world’s most valuable companies.
6 Oct 2021
US natural gas prices jump 9.5 percent to highest since 2008
Gas futures settled at $6.312 per million British thermal units on the New York Mercantile Exchange.
5 Oct 2021
Canada invokes treaty with US in dispute over Line 5 pipeline
Canada has been pushing the US to intervene in a dispute over a contentious oil pipeline project Michigan ordered shut.
4 Oct 2021
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