International oil prices have steadied after a spike earlier this week, but modest reductions in fuel prices are still expected in June. According to the latest data from the Central…
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The Korea National Oil Corporation (KNOC) is entering a new stage of overseas energy development by joining a joint venture to explore natural gas in Australia’s Otway Basin, located in…
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Saudi Arabia is expected to burn more crude oil for power generation this summer than it did last year. This increase comes as the country raises production following OPEC+’s decision…
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Fuel prices will go up by as much as P1.70 per liter starting Tuesday, May 20, ending a two-week streak of price drops. Gasoline will rise by P1.20 per liter,…
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Natural gas prices dropped 2.33% to 285.3, pressured by a smaller-than-expected decline in production, lower flows to LNG export terminals, and a muted demand forecast. In May so far, production…
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In a landmark decision, the Santa Barbara County Board of Supervisors voted 3-1 on Tuesday to phase out all existing onshore oil and gas production and ban any future fossil…
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Albania is set to import natural gas from Azerbaijan starting in 2026 through the Trans Adriatic Pipeline (TAP), marking a pivotal step in the country’s energy diversification strategy. The announcement…
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The Russian government is considering extending the gasoline export restrictions for an additional two months, potentially lasting until the end of October 2025. The gasoline export ban was first introduced…
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The federal government is expected to approve a fuel price increase of over Rs 4 per litre for both petrol and diesel starting May 16. This hike aims to generate…
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China Petroleum Engineering Corporation, the engineering arm of China National Petroleum Corporation (CNPC), has won its third major gas contract in the Middle East this year, valued at USD 1.6…