More Top Stories in Markets

Global Oil Demand to Surpass Pre-COVID Levels: Report

Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.

July 6, 2022

Kremlin Slams Japan’s ‘Unfriendly’ Stance Amid G7 Oil Price Cap Talk

Kremlin spokesman Dmitry Peskov Medvedev also said Japan “would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project” as a result.

July 6, 2022

Oil Prices Slide to 12-week Low on Fears of Global Recession

Trade was volatile, with both crude benchmarks up over $2/bbl early on supply concerns and down over $4/bbl at session lows. Oil prices have been extremely volatile for months.

July 6, 2022

China Oil Imports from Russia Soar, Surpass Top Supplier Saudi

The data, which shows that Russia took back the top ranking of suppliers to the world’s biggest crude oil importer—China—after a gap of five months, indicates that Moscow is able to find buyers for its oil despite western sanctions.

July 6, 2022

EU Parliament Backs Labelling Gas and Nuclear Investments as Green

The new rules will add gas and nuclear power plants to the EU "taxonomy" rulebook from 2023, enabling investors to label and market investments in them as green.

July 6, 2022

NextDecade to supply LNG to China Gas from Rio Grande Project

NextDecade’s supply deal with China Gas, the financial terms of which have not been disclosed yet, is for 20 years and LNG will be delivered from the second train at Rio Grande LNG.

July 6, 2022

What Biden and Oil Producers Can Actually Do to Lower Pump Prices

In an exclusive video interview with Hart Energy, Baker Botts’ Clint Rancher discusses steps that the Biden administration and oil and gas industry can collectively take to lower soaring gasoline prices.

July 6, 2022

QatarEnergy Selects Shell as Final Partner in Mega LNG Project

QatarEnergy’s agreement with Shell this month is the last related to the $28.8 billion North Field East expansion project, the world’s single largest LNG project.

July 5, 2022

Petroecuador Recoups Some Lost Oil Production after Protests End

Ecuador’s Petroecuador has recuperated around 91% of its oil production lost in June due to protests over rising food and fuel prices, the state-owned company said on July 4.

July 5, 2022

OPEC’s Barkindo Says Oil Sector ‘Under Siege’ Due to Underivestment

“We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market,” OPEC Secretary-general Mohammad Barkindo told an energy conference.

July 5, 2022