EurOil - Europe Oil & Gas

13 December 2022

Mozambique’s first LNG cargo arrives in Bilbao

8 December 2022

The first cargo of LNG exported from Mozambique was delivered to the Spanish port of Bilbao on December 7.

Italian PM Meloni outlines new ambitious plan for Africa

7 December 2022

The Italian PM Giorgia Meloni revealed her government’s new policy towards Africa, speaking at a conference in Rome. The plan will be named after and inspired by historical oil entrepreneur Enrico Mattei, who promoted fair policies for Africa.

The world's biggest oil producers

7 December 2022

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.

Turkmenistan: A shining city in a book of records

7 December 2022

Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.

Hungary scraps fuel price cap after panic buying leaves pumps dry

7 December 2022

The chaos and the hike in prices are a huge embarrassment to Prime Minister Viktor Orban, who introduced the cap in November last year to ease rising inflation before the election.

Can Russia sneak gas into the EU via a Turkish gas hub?

6 December 2022

Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.

Oil tanker jam forms off Turkey as Russian oil price cap disrupts markets

6 December 2022

An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.

Italy seizes control of Russian-owned oil refinery in Sicily

5 December 2022

On December 1, the Italian government placed the ISAB refinery – based in Priolo (Sicily) and controlled by the oil giant Lukoil – under public trustees' control, de facto seizing the asset from its Russian owners.

EU, G7 approve Russian oil price cap as embargo on country's crude comes into force

5 December 2022

The EU and the G7 nations clinched a deal last week to fix the price of seaborne Russian crude oil exports at no more than $60 per barrel, aimed at crippling Moscow’s revenue stream while avoiding major disruption in the global oil market.