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Saudi Arabia Raises Arab Light Prices For Asia

Saudi Arabia has raised the official selling price (OSP) for Arab light for Asia by $0.45/bbl m/m to $3.00/bbl for July, following the June 4 announcement that OPEC+ would extend production cuts until 2024

United statesSaudi arabiaSouth africaMajor climate alliance proposes guidelinesGas leak forces equinor to shut majorUnlikely to announce additional oil outputOil as saudi arabia cuts productionChina service sector activityGulf after iran seized oil tankersHydrogen buses runningSaudi arabia could cut oil pricesBuffett boosts occidental petroleum stakeOil sands major toCarbon energyConsortium toIndonesia mining and battery industries

Russia Sees Oil & Gas Tax Revenue Shed 36% In May

Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago

Saudi arabiaSouth africaUnited kingdomUnited statesCarbon energyIndonesia mining and battery industriesOil sands major toConsortium toOil as saudi arabia cuts productionChina service sector activitySaudi arabia could cut oil pricesRussia sees oil gas tax revenueEu says wont extend emergency energyMajor climate alliance proposes guidelinesFunding paramilitary groupBuffett boosts occidental petroleum stake

Despite Soaring Inflation, EU Says Won t Extend Emergency Energy Measures

Emergency energy price measures implemented by the European Union in 2022 will not be extended further, the European Commission said on Monday

United statesUnited kingdomSaudi arabiaSouth africaCarbon energyIndonesia mining and battery industriesOil sands major toConsortium toOil as saudi arabia cuts productionChina service sector activitySaudi arabia could cut oil pricesEu says wont extend emergency energyMajor climate alliance proposes guidelinesFunding paramilitary groupBuffett boosts occidental petroleum stakeGas leak forces equinor to shut major

Jaguar Recalls Thousands Of I-Pace EVs Over Fire Risk

Jaguar Land Rover (JLR) is recalling 6,400 I-Pace electric SUVs delivered to the US because the high-voltage electric battery may overheat and catch fire

Saudi arabiaUnited statesSouth africaGulf after iran seized oil tankersHydrogen buses runningIndonesia mining and battery industriesCarbon energyGas leak forces equinor to shut majorPink hydrogenInternational oil marketConsortium toSaudi arabia could cut oil pricesBuffett boosts occidental petroleum stakeFunding paramilitary groupOil sands major toUnlikely to announce additional oil output

Reuters Survey: OPEC Output Down 460,00 BPD This Month

A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market

Saudi arabiaNorth seaOceans generalUnited kingdomAsian oil importsSkills gap could delay europe energy transitionPink hydrogenLloyd register punishes indian shipping companyKazakhstan and china discuss expanding oil pipelinesBuffett boosts occidental petroleum stakeConsortium toRussian oilOil project returns to peak productionKurdistan and iraq may delay oil exportHydrogen buses runningIndonesia mining and battery industries

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