Latest Stories

Iran, China at odds in disputed islands row following Xi visit to Saudi Arabia

12 December 2022

Anger in Tehran palpable, but Iranians tread carefully by stopping short of stating that Chinese ambassador was “summoned”.

Gas crunch emerging in East as Kazakhstan fails to meet China’s import requests

10 December 2022

Try as it might, Beijing is unable to lock in Kazakh gas flows. Russian shipments via Uzbekistan might eventually be the answer.

Biden administration seeks to halt SPR sales

10 December 2022

The administration of President Joe Biden wants to stop sales from the Strategic Petroleum Reserve (SPR) that have been mandated by Congress. The Biden administration wants to refill the SPR when oil reaches $70 a barrel.

Los Angeles bans new oil wells, to close existing wells

10 December 2022

Los Angeles city councillors have voted unanimously to ban existing oil wells within city boundaries immediately, and to phase out existing ones within 20 years.

US proposes higher renewable fuel blending

9 December 2022

The US Environmental Protection Agency (EPA) has proposed expansions of obligations for refiners who must blend renewable fuels into their gasoline.

ANP: Brazil’s oil and gas output hit another record high in October

9 December 2022

Brazil’s hydrocarbon production hit 4.18mn barrels of oil equivalent per day in October 2022, according to data released last week by the ANP.

Guyana in carbon credit agreement with Hess

9 December 2022

Hess Corp. has agreed to buy $750mn worth of TREES credits in a deal that has the potential to make the Stabroek project carbon-neutral.