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Energy
OPEC cuts ’24 global oil demand forecast
The Organisation of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in…
Russia, India eye long-term oil supply pact
Russia and India have agreed to expedite the conclusion of a long-term intergovernmental agreement on Russian oil…
Nigeria signs $1.2b deal to revamp gas processing plant
Nigeria has taken a significant step towards reviving its dormant aluminium industry by signing a $1.2 billion…
European gas storage levels remain high
Gas withdrawal from European underground storage facilities has decreased slightly, but still surpasses the…
Nordic power prices fall on stronger hydro conditions
Nordic power prices declined sharply as rainy autumn weather bolstered hydro reserves across Scandinavia, improving…
Saudi, Vietnam sign energy co-operation deal
Saudi Aramco signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) to explore…
CNOOC signs deal to explore Iraq’s block 7
China’s CNOOC Ltd. has signed an Exploration, Development & Production Contract (EDPC) with Iraq's state-owned…
Maersk signs bio-methanol deal with China’s LONGi Green Energy
A.P. Moller-Maersk signed a long-term bio-methanol agreement with China’s LONGi Green Energy Technology Co. Ltd.
Nigeria’s Dangote Refinery counters fuel shortage claims
Nigeria’s Dangote Oil Refinery holds a 500-million-litre petrol stockpile, founder Aliko Dangote revealed,…
S. Arabia reaffirms oil capacity, climate goals
Saudi Arabia will maintain its crude oil capacity at 12.3 million barrels per day while advancing climate…
