Opec calls for supply cuts
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The oil market looks poised to swing into oversupply next year as growing global crude output exceeds uncertain demand, says
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Erdogan threatens ‘sea bandits’ hunting gas
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Turkey’s president, Recep Tayyip Erdogan, has warned against the “seizing” of gas in the eastern Mediterranean. He told a naval
Oil price falls as US, Russia and Saudi output soars
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Oil prices have fallen as record crude production by the world’s three largest producers offset supply worries about US sanctions
China to double Kazakh gas imports
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Annual gas exports from Kazakhstan to China are set to double next year, as Beijing prepares for a trade war
Kazakhs prepare to boost oil exports
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Russia has lifted its embargo on oil exports from Kazakhstan to other Commonwealth of Independent States (CIS) and the central
Iran sanctions threaten dollar: EU sources
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European Union diplomats are warning that US financial sanctions targeting Iran’s oil and gas exports could force the world to
Serbia, Hungary want TurkStream gas
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Serbia is eager to be linked to the TurkStream pipeline project, according to Belgrade’s minister of mines and energy, Aleksandar
Equinor hails quarterly profits
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Norway’s Equinor has enjoyed another period of strong growth in the third quarter amid “value enhancing transactions” as the state-run
Novatek signs Rostock LNG deal
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Russian gas producer Novatek says it is partnering with Belgium’s gas transmission system operator Fluxys for the construction of an LNG (liquefied natural gas)
EDF slammed over Flamanville faults
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French electrical agency EDF has said its much-postponed plan for a reactor in Normandy of the same kind as those
Equinor starts up unmanned North Sea rig
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Norway’s oil and gas major Equinor has started up its first unmanned platform in the North Sea’s Oseberg Verflanken 2
Libya production rises despite attacks, strikes
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Opec has announced that Libya’s crude oil production exceeded 1 million barrels per day (bpd) last month, compared to 950,000
Gazprom to revive Turkmen ties
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Russia’s gas export monopoly Gazprom plans to resume imports from Turkmenistan early next year, chief executive Alexei Miller said this
Oil traders braced for hurricane and Iran sanctions
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Oil prices fell this week after the International Monetary Fund (IMF) lowered next year’s global growth forecasts but rates were
Rigs dump tonnes of microplastics: study
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Researchers are saying around 102 tonnes of microplastics a year are being dumped into the North Sea by the oil