Energy

Russian energy giant Gazprom has declared force majeure on gas supplies to at least one major EU customer starting July 14, Reuters reported on...

Russia has ramped up efforts to create its own national oil pricing benchmark as part of its response to Western efforts to limit its...

Seplat Energy PLC says it is not a party to the Court Action brought by the Nigerian National Petroleum Company Limited (NNPC) in relation...

Sustainable Capital Limited has increased its stake in Seplat Energy to 7.79 percent after purchasing an additional 6.38 million new shares valued at N8.33...

The US Department of the Treasury on Wednesday blacklisted several Iranian oil exporters and alleged front companies in China and the United Arab Emirates,...

Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand...

Global oil prices could reach a “stratospheric” $380 a barrel if Russia retaliates to U.S. and Western sanctions with cuts in crude oil, JPMorgan...

Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high...

The American Petroleum Institute (API) reported a large draw this week for crude oil of 3.799 million barrels, while analysts predicted a draw of...

German chemicals major BASF may be forced to halt production at the world's biggest chemicals plant in Ludwigshafen, the Wall Street Journal reported on...