U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider conflict in the Middle East.U.S. West Texas Intermediate crude was up cent, or . , at . a barrel at : a.m. CDT GMT . The front month WTI crude contract for May expires on Monday...

   Venezuela’s state run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people familiar with the plan said.The U.S. Treasury Department last week gave PDVSA’s customers and providers until May to...

   As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi billion dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners’ EPD.N SPOT became the first project to receive a license from the U.S...

   Portuguese oil company Galp Energia GALP.LS has launched the sale of half of its stake in an exploration block offshore Namibia where it has made a major oil discovery, three industry sources familiar with the matter told Reuters.Galp’s Mopane discovery, which is estimated to hold at least ...

   Italian energy contractor Saipem SPMI.MI said on Monday its first quarter adjusted core earnings rose on the same period of last year, driven by growth at its offshore engineering and construction business.Adjusted core earnings increased to million euros million from million...

   The new management team of Polish refiner Orlen PKN.WA has asked prosecutors to probe its accusations that former members of the management and supervisory boards of the company acted against its interests, private Radio Zet reported on Monday.The investigation, requested in a motion to...

   This April story has been refiled to correct the area conversion to . million hectare, not million hectare, in paragraph The Biden administration took steps on Friday to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs...

   The U.S. Environmental Protection Agency will temporarily expand sales of higher ethanol blends of gasoline this summer in an effort to reduce potential supply disruptions amid ongoing conflicts in Ukraine and the Middle East, it said in a letter dated Friday.Reuters exclusively reported the...

   New York State on Friday stalled three major offshore wind energy projects after General Electric Vernova GE.N changed the turbine design, which the state said materially altered the plans.New York provisionally approved the projects in October . They are Attentive Energy One being...

   Zambia’s state owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa’s second largest copper producer.The southern African country generates of its electricity from hydropower stations. Power generation has...

   Egypt is expected to ramp up liquefied natural gas LNG imports as its own natural gas production falls and power demand climbs over the summer period, according to industry sources and data.Returning to imports would reverse the most populous Arab country’s position as a natural gas exporter in...

   Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply , metric tons per year of liquefied natural gas, the companies said on Monday.TotalEnergies, which owns . of Oman LNG, will be supplied by the company for years from , they said...

   Malaysia’s Sapura Energy SAEN.KL will sell its entire stake in oil and gas upstream company SapuraOMV to French energy group TotalEnergies TTEF.PA for . million, the company said on Monday.The deal, which includes a cash payment of . million and the release of a million...

   European diesel futures spreads are flashing signs of oversupply and slow demand with the three month contango trading on Monday at its widest since August .Contango is a market structure in which a current contract trades at a discount to a contract for a later date and usually gives traders a...

   Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on six sites with a combined capacity of up to gigawatt GW , the energy and climate ministry said.The wind farms, to be completed by , are...

   Two of Australia’s largest pension funds said on Monday they are voting against Woodside Energy’s WDS.AX climate plan, ahead of its annual meeting on Wednesday, where the company’s chairman is facing rare opposition from major investors.Aware Super, which manages A billion billion has...

   Australia’s BHP Group BHP.AX is planning to receive its first ammonia fuelled bulk carrier in as part of the company’s plans to cut shipping emissions, a senior executive said.The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one...

   A local unit of Russian energy giant Gazprom GAZP.MM had to shut down more than two dozen natural gas producing wells in the Orenburg region to safeguard them from flooding, according to an in house newspaper published last week.The newspaper of Gazprom dobycha Orenburg said that some wells are...

   Hong Kong based shipping company Wah Kwong is finalising a deal later this month to double the number of liquefied natural gas LNG carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.The ships would be delivered from onwards, Wah...

   This April story has been refiled to add bpd as unit of measure to ESPO imports, in paragraph Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China’s imports from Russia, including supplies via pipelines and sea borne...

   China’s exports of marine fuel oil fell in March from a year earlier to . million metric tons, data from the General Administration of Customs showed on Saturday.The exports are measured mostly by sales from bonded storage for vessels plying international routes.The March volume was ...

   Portuguese oil company Galp Energia GALP.LS said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least billion barrels of oil.Galp said it conducted testing operations at the Mopane X well in January and the...

   Ukraine plans to resume minor amounts of electricity exports on Sunday, but it expects substantial power imports during peak consumption periods, the energy ministry said.The country sharply increased its imports of electricity and halted exports after a series of attacks on its energy system in...

   Brazil’s state run oil firm Petrobras PETR .SA said that a proposal to disburse up to of the extraordinary dividends withheld in March could be made during the next shareholders meeting on April , according to a filing late on Friday.The filing said that if the proposal to disburse up to ...

   Norway’s . trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it would vote in favour of the reappointment of BP’s BP.L current chair to the company’s board of directors.Ahead of its annual meeting on April , BP has proposed the reappointment of Chair...

   Ecuador’s President Daniel Noboa declared a second state of emergency on Friday over an energy crisis that has already led to rationing in the South American country.Noboa, who took office in November, had declared an energy emergency and instituted power cuts earlier this week, but the cuts will...

   An investment fund led by Brazilian tycoon Nelson Tanure won the privatization auction for Brazilian power generator EMAE EMAE .SA on Friday, outbidding French energy giant EDF to scoop up a controlling stake currently held by the state of Sao Paulo.Investment fund Phoenix will pay about . ...

   Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.Brent futures settled up cents, or . , at . a barrel.The front month U.S. West...

   Albemarle ALB.N , Cummins CMI.N and Siemens Energy ENR n.DE are some companies that received tax credit under a section of the Inflation Reduction Act IRA , according to details released on Friday by the U.S. Department of Energy DOE .Thirty five projects, focused on electrical grid...

   Mexican opposition presidential candidate Xochitl Galvez on Friday said state oil firm Pemex should focus on its exploration arm and could look at new business opportunities, such as geothermal energy. Pemex should start entering into the broader energy sector, Galvez said, speaking at a banking...