Algeria and Lebanon embroiled in defective fuel scandal

Algeria's president, Abdelmadjid Tebboune, has ordered the justice minister to open an investigation into a wide-reaching scandal that has embroiled Algerian state energy firm Sonatrach for the...

Uzbekistan to more than double electricity production by 2030

Uzbekistan’s Energy Ministry outlined its strategy for the provision of electricity in 2020-2030, promising a radical programme of reforms to meet increasing...

Exxon Chairman’s Re-Election Opposed by LGIM Over Climate Response

Legal and General Investment Management, the U.K.’s largest asset manager, will oppose the re-election of Exxon Mobil Corp.’s chairman over what it...

Kuwaiti Oil Minister confirms Kuwait’s support for Saudi efforts to restore stability to oil...

Kuwaiti Minister of Oil and Acting Minister of Electricity and Water, Dr. Khaled Al-Fadhel affirmed Kuwait’s support for the Kingdom of Saudi...

Trump Administration Asks Federal Reserve to Modify Loans to Help Oil Companies

The Trump administration asked the Federal Reserve to modify its Main Street Lending Program so that more US oil drillers qualify for...

Crude finds support after Saudi Arabia to voluntarily cut more supply

Crude oil futures traded higher in midmorning Asia trade Tuesday after Saudi Arabia announced Monday that it would cut output beyond its...

Oil and investment asset price declines will affect Kuwaiti solvency

The decline in oil prices and the value of investment assets since the start of the coronavirus outbreak will have an adverse...

Germany nixes Nord Stream 2 exemption from EU gas rules

The Federal Network Agency (BNetzA) of Germany has sent a document to Nord Stream 2, the project company constructing a controversial pipeline...

Italian gas company Snam sticks to dividend policy amid limited crisis impact

Italian gas company Snam stuck to its dividend policy after saying it did not expect any major impact from the coronavirus pandemic...

Oil prices down with expectation of US crude build-up

Crude oil prices were down on Wednesday with the expectation of another increase in US crude inventories. International benchmark...

Planned offshore energy reforms trigger protests in Greece

Environmental groups in Greece are urging the public to join a campaign against plans by the center-right government to overhaul offshore oil...

German Government will continue to support companies participating in Nord Stream 2

The Federal Government of Germany continues to have a positive attitude towards the Nord Stream 2 project, expects its completion and will...

Russia’s Sibur to start LPG supplies to India in May as European demand tumbles

Russia’s largest petrochemical company Sibur will supply two cargoes of liquefied petroleum gas (LPG) to India in May for the first time...

Mexican oil platforms to reduce staff due to coronavirus

Mexico will begin removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving only essential personnel...

Slowed by US sanctions, Russia-Germany look to finish Nord Stream 2

Nord Stream 2, the company building a gas pipeline from Russia to Germany, said on April 23 that beyond pipelay, further construction...