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Philippines Charts Ambitious Plan to Export Green Power
'It's not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy'.
8:00 PM EST | May 15, 2025
Legislation for Great British Energy Passes Through Parliament
'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
8:00 PM EST | May 15, 2025
Why Is the Oil Price Dropping Today?
Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.
8:00 PM EST | May 14, 2025
Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump
The price of the Brent benchmark is more than 14 percent down so far this year.
8:00 PM EST | May 14, 2025
Baltic Neighbors Renew Commitment to EU Energy Integration
The European Commission and the Baltic Energy Market Interconnection Plan group signed a new MOU to intensify efforts to create a more unified energy market.
8:00 PM EST | May 14, 2025
IEA Says Global Oil Demand Growth to Slow For Rest of 2025
Faltering consumption threatens a further blow to oil prices.
8:00 PM EST | May 14, 2025
Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction
Ghana is encouraging investors to get the country's crude out of the ground.
8:00 PM EST | May 13, 2025
US, Saudi Arabia Ink Energy, Critical Mineral Deals
The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.
8:00 PM EST | May 13, 2025
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts
President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.
8:00 PM EST | May 13, 2025
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History'
In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.
8:00 PM EST | May 13, 2025
Carney Says He's Open to Changing Green Laws to Boost Energy Projects
His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.
8:00 PM EST | May 13, 2025
Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study
The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
8:00 PM EST | May 12, 2025
President Trump Visits Saudi Arabia
'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.
8:00 PM EST | May 12, 2025
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts
The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.
8:00 PM EST | May 12, 2025
Constructive USA-China Tone Lifts Market Sentiment
Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
8:00 PM EST | May 11, 2025
Shell's LNG Canada Plans First Exports as Soon as Late June
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.
8:00 PM EST | May 11, 2025
Equinor Weighs Killing NY Wind Farm After White House Visit
A termination would cause the company to lose much of its $2.7 billion investment on the project.
8:00 PM EST | May 11, 2025
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed.
8:00 PM EST | May 08, 2025
Ukrainian Parliament Ratifies Natural Resources Deal With USA
Ukraine's parliament ratified a deal with the U.S. over access to the country's natural resources.
8:00 PM EST | May 08, 2025
USA EIA Lowers WTI Oil Price Forecasts
The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.
8:00 PM EST | May 08, 2025
Oman Said to Consider Selling Stake in $8B Gas Fields
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan.
8:00 PM EST | May 08, 2025
Russia Budget Gap Widens as Oil Revenue Falls for Third Month
The monthly shortfall reached RUB 1.05 trillion ($13 billion) after being in surplus a month earlier.
8:00 PM EST | May 07, 2025
EIA Cuts 2025 and 2026 Brent Oil Price Forecast
The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.
8:00 PM EST | May 07, 2025
US DOE Pauses Fossil Fuel Ban on New Federal Buildings
The DOE has shelved a Biden administration rule that mandates U.S. federal agencies to design only fossil fuel-free buildings starting 2030.
8:00 PM EST | May 06, 2025
China Halts Imports of US Oil in Negative Sign for Shale Drillers
China halted purchases of U.S. crude in March as trade tensions between the two countries ramped up.
8:00 PM EST | May 06, 2025
Nigeria Says Exxon Commits $1.5B to Deepwater Development
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa's top producer looks to boost output, according to the nation's regulator.
8:00 PM EST | May 06, 2025
Ecopetrol at Risk from $2.2B Colombian Tax Claim: Union
The state oil producer's main workers union said the tax agency is charging Ecopetrol for VAT on gasoline imported since 2022 to supply the local market.
8:00 PM EST | May 05, 2025
Why Is the Oil Price Rising?
Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
8:00 PM EST | May 05, 2025
Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue.
8:00 PM EST | May 05, 2025
European Gas Jumps as EU Outlines Plan to End Russian Supply
The European Commission unveiled a roadmap to switch off the remaining flows of Russian energy.
8:00 PM EST | May 05, 2025
Saxo Says Speculators Trimmed Crude Long Positions Ahead of OPEC+ Increase
'Both Brent crude and WTI fell back toward the four-year lows last seen in the aftermath of the March sell-off', Ole Hansen, Saxo Bank's head of commodity strategy, said.
8:00 PM EST | May 04, 2025
BMI Cuts Henry Hub Price Forecast
'Due to the rapid natural gas stockpile build and a looser fundamental outlook we have revised our 2025 Henry Hub annual average price forecast', BMI analysts said.
8:00 PM EST | May 04, 2025
EU Set to Propose Banning Russian Gas Imports by End of 2027
The European Union is set to propose measures to ban Russian gas imports by the end of 2027.
8:00 PM EST | May 04, 2025
GOP Plans Billions in Oil, Gas Sales to Help Pay for Trump's Tax Bill
House Republicans plan to raise more than $15 billion in revenue through increasing U.S. oil, gas and coal lease sales, as well as other measures.
8:00 PM EST | May 02, 2025
European Commission Backs Nine Renewables Projects in Finland, Estonia
The awarded projects will install a total of 445.65 MW of capacity expected to be commissioned by 2028.
8:00 PM EST | May 01, 2025
ADNOC Announces App Launch
'The innovative app will enable smarter engagement for businesses with ADNOC', the company said.
8:00 PM EST | May 01, 2025
IMF Lowers Growth Outlook for Gulf Oil Producers after Price Slump
The IMF downgraded its growth forecasts for MENA oil exporting countries including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.
8:00 PM EST | April 30, 2025
JP Morgan Analysts Say Sentiment on Oil is Neutral to Optimistic
'Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.
8:00 PM EST | April 30, 2025
USA, Ukraine Sign Resources Deal After Fraught Negotiations
The U.S. and Ukraine reached a deal over access to the country's natural resources.
8:00 PM EST | April 30, 2025
Graham Says He Has Broad Senate Support for New Russia Sanctions
'The goal is to help the president,' Lindsey Graham, a South Carolina Republican, told reporters Wednesday.
8:00 PM EST | April 30, 2025
Oil Market Is Going Through a Critical Phase
'It seems that the global oil market is going through a critical phase', Rania Gule, a senior market analyst at XS.com-MENA, said in a market analysis sent to Rigzone on Wednesday.
8:00 PM EST | April 29, 2025
Scale, Speed of Spain, Portugal Power Outage Raises Concerns
Rigzone experienced the power outage in Lisbon, Portugal, first-hand.
8:00 PM EST | April 29, 2025
Analysts Look at Upcoming OPEC+ Meeting
'OPEC+ has demonstrated it still has pricing power', Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB) said.
8:00 PM EST | April 29, 2025
Alberta Leader Smith Lashes Out at Liberals, Wants New Deal
Alberta Premier Danielle Smith challenged Mark Carney to strike a better deal for her oil-rich province.
8:00 PM EST | April 29, 2025
US Urges Eastern Europe to Split from EU Energy Transition Aims
The U.S. energy secretary said western Europe chose the wrong path of expensive 'top-down imposition of enforced climate policies'.
8:00 PM EST | April 28, 2025
Spain Slowly Returning to Normal After Crippling Blackout
Spain and Portugal were returning to some semblance of normality early Tuesday.
8:00 PM EST | April 28, 2025
Total USA Petroleum Products Demand Projected to Rise in 2025 and 2026
The EIA expects total U.S. petroleum products consumption to increase in 2025 and 2026.
8:00 PM EST | April 28, 2025
Oil's Rarest 'Smile' Fascinates Morgan Stanley as Glut Looms
The global oil market is in very rare territory right now.
8:00 PM EST | April 28, 2025
Golden Pass LNG Gets FERC Commissioning Permit
QatarEnergy and ExxonMobil secured regulatory approval to commission their Sabine Pass, Texas LNG project.
8:00 PM EST | April 28, 2025
Vitol Steps Up Venezuela Oil Buying Before USA License Lapses
Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
8:00 PM EST | April 28, 2025