The Latest

Petrochemicals

Oil Jumps 4% as US Gasoline Prices Hit Record High, Stock Markets Soar

WTI was on track for its highest close since March 25 and its third weekly rise. Brent, however, remained set for its first weekly decline in three weeks.

May 13, 2022

Legislation

Canada in Talks With Heavy Emitters to Cement Future Carbon Price Hikes

Some sands producers say lack of pricing certainty has held them back from making significant investments in emission reduction projects like carbon capture and storage.

May 13, 2022

Crude Oil

IEA May Release More Oil If Needed, Says Fatih Birol

IEA Executive Director Fatih Birol also said that the summer may be challenging for the oil market, while winter may be challenging for the gas market.

May 13, 2022

Public Capital

BP Wins Shareholder Support for Climate Strategy

The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.

May 12, 2022

Markets

Europe Refiners Benefit from US Emergency Oil Stock Releases

With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.

May 12, 2022

Crude Oil

OPEC Cuts 2022 World Oil Demand Forecast Again on Ukraine War

OPEC cited rising inflation and continued monetary tightening, and lowered this year’s economic growth forecast to 3.5% from 3.9%, adding upside potential was “quite limited.”

May 12, 2022

Emissions

‘We Can Handle It’: Why Oil and Gas Needs to Police Its Own Emissions

Experts from Schlumberger and Halliburton discuss the challenges of managing emissions in the oil patch—and what the oil and gas industry can do about them.

May 12, 2022

Natural Gas

Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions

Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.

May 12, 2022

Policy & Regulations

Shell Sells Russian Retail Business to Lukoil

The deal includes 411 retail stations and a lubricants blending plant.

May 12, 2022

Business

Equinor AGM Rejects Activist Calls for Emission Cuts

"Right now the world is dealing with a situation where energy security is high on the agenda, particularly in Europe," Equinor's chairman told the annual general meeting. 

May 12, 2022