(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that the conflict in the Middle East could further disrupt global energy supplies. The spike came as tanker traffic through the
(Investing) – Countries around the world are prepared to take action to stabilize the oil market, French Finance Minister Roland Lescure said on Tuesday. Lescure told reporters that nations have requested the International Energy Agency to develop scenarios for a possible oil stockpile release. “We have asked the International Energy Agency to elaborate scenarios for a potential oil stockpile release,” Lescure
(BOE Report) – BP Chairman Albert Manifold on Friday announced plans for a slimmer board as part of the British oil major’s reset strategy, with former Shell chief financial officer Simon Henry among those departing. The leaner board is another of Manifold’s changes since coming on as chairman in October. Since then, Murray Auchincloss abruptly departed as CEO in December, with Woodside
(BOE Report) – State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three people familiar with the matter said, as part of Berlin’s plans to strike a broad economic partnership and cut reliance on U.S. supplies. The discussions, which the sources said are taking place on a corporate and political level, are
(By Oil & Gas 360) – The European Union is weighing a plan to permanently ban Russian oil imports and to impose a full ban on providing shipping and related services for Russian oil, escalating its efforts to tighten pressure on Moscow. But turning that proposal into reality would likely require coordination beyond Brussels, including backing from G7 partners that play
(Oil Price) – The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive $5-billion fine for allegedly exceeding sulfur storage limits at a processing facility at the second biggest oilfield in the OPEC+ producer. The dispute, one of several against Big Oil that Kazakhstan currently has, is cooling the relations between
(Investing) – PARIS – U.S. Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to scrap its support of goals to reduce energy emissions to net zero or risk losing the United States as a member. European countries played down the threat at the agency’s biennial meeting and restated their commitment to pursuing cleaner fuel. In
(By Oil & Gas 360)- Energy policy is entering another period of strain, and the tension now runs through institutions as much as markets. The United States is openly questioning whether the International Energy Agency has moved too far from its original energy security mandate toward climate advocacy. At the same time, Europe is confronting the rising cost of meeting
(Oil & Gas 360) – Hosted by Shell and held in partnership with Moeve, Fluor, Gasunie, The International Association of Oil & Gas Producers, Repsol, Spiecapag and Germany Trade and Invest, DECARBON 2026 centred on practical decision-making at the intersection of policy, technology and implementation across the oil and gas value chain in Vösendorf, Austria. On 9 February, the first day
(Investing) – PARIS – Canada will step up support to Ukraine’s energy sector, working with industry to supply oil and gas equipment on favourable terms and boost renewable energy investments, the two governments said on Wednesday. Russia has targeted power stations, electricity transmission lines and gas facilities as part of its full-scale invasion of Ukraine, which began in February 2022. Russian
(BOE Report) – Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, saying that was key for European industries to be able to compete with the United States and China. The industries’ message is timed to land just before EU leaders gather in a Belgian castle on Thursday for an informal “retreat”
(Oil & Gas 360) – Europe positions itself as the global driver of the decarbonisation agenda. Ambitious targets, regulatory reform and large-scale public funding define the direction. Yet behind the strategy, project pipelines narrow, execution slows down and many initiatives struggle to progress beyond early development. The gap between ambition and delivery continues to widen, making execution-level insight increasingly relevant. At
