What's New
House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve
Wednesday 1st of February 2023
WASHINGTON — The U.S. House of Representatives passed a bill Friday aimed at limiting the president’s ability to draw down the nation’s Strategic Petroleum Reserve for any reason other than a “severe energy supply disruption.”The law is meant to …
Asia absorbs big rise in Russian Urals crude exports - sources
Tuesday 31st of January 2023
MOSCOW, Jan 30 (Reuters) - Asian markets are showing no let up in their demand for Russian oil, absorbing a big rise in seaborne exports of Urals crude this month and helping Moscow cope even as most Western buyers stay away, according to traders and …
Italy's Eni signs $8 billion Libya gas deal as PM Meloni visits Tripoli
Monday 30th of January 2023
ROME/TRIPOLI, Jan 28 (Reuters) - Italian energy company Eni and Libyas National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the No…
Oil prices settle up; China demand hopes outweigh recession worry
Monday 24th of October 2022
NEW YORK, Oct 21 (Reuters) - Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.To fight inflation, the …
