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European natural gas consumption fell by the most on record in 2022, an estimated 13% according to IEA estimates. → Read More
ING has announced that it will be further restricting financing to the oil and gas industry, focusing on midstream infrastructure and trading. → Read More
Russia and Saudi Arabia have pledged to maintain the OPEC+ coalition and to cooperate closely on oil policy. → Read More
The U.S. solar industry is set to rebound in 2023 as the supply-chain issues caused by a tariff investigation and equipment detainments ease. → Read More
Turkey’s AK Party has proposed a reform of the natural gas market in order to advance its aims to become a natural gas hub. → Read More
Energy prices in Europe spiked on Wednesday as cold weather drove up demand and uncertainty grew over nuclear power generation in France. → Read More
OPEC is cautiously optimistic about China’s oil demand this year, expecting global oil demand to rise by 2.3 million bpd in 2023 → Read More
The EIA has admitted that it needs to alter its methodology for collecting oil supply and demand data in order to make it more accurate. → Read More
Shell has announced its third deep-water oil discovery in Namibia, with all three discoveries in the Orange Basin → Read More
Shell has said that the UK should take a page from the U.S. when it comes to incentivizing investment in its energy industry → Read More
In 2022, the United States added less new interstate natural gas pipeline capacity than in any other year on record. → Read More
Shell is reviewing its plan to reduce oil production by up to 2% each year this decade as it wants to ensure there is adequate supply → Read More
JPMorgan believes Russia will be able to maintain its oil production at pre-war levels but will struggle to return to pre-Covid levels → Read More
Energy-related carbon dioxide emissions hit a new record high in 2022, although the pace of growth was lower than feared → Read More
European natural gas prices fell for the third consecutive month, the longest losing streak since 2020. → Read More
After publishing its Statistical Review of World energy every year for 71 years, BP is now passing the responsibility on to the Energy Institute → Read More
The CEO of Vitol Group believes oil prices could rally to the $90-$100 range in the second half of 2023 as demand climbs. → Read More
Saudi Arabia’s foreign minister made a surprise visit to Ukraine on Sunday, agreeing to an aid package worth $400 million → Read More
India’s fuel demand is set to climb by 4.7% in the next fiscal year, with gasoline demand forecast to increase by 7.1% → Read More
Italian oil giant Eni reported its highest annual net profit in over a decade on Thursday, a whopping $9.5 billion increase on its 2021 profits. → Read More