(Natural News) Italian energy company Eni and American energy company Chevron have announced the discovery of a new gas deposit in an Egyptian offshore field in the Eastern Mediterranean sea. The deposit was found in an area in the Eastern Mediterranean known as Nargis 1, which is part of Egypt’s 1,800-square kilometer (695 square miles) […]

(Natural News) Qatar is refusing lobbying efforts by Europe to divert gas flows to the continent due to the disappearance of Russian natural gas. Qatari officials said they can’t go against their contracts with other clients just because the West demands it. European natural gas buyers have been scrambling to secure alternative sources of supply […]

(Natural News) Just two days after Beijing imposed price controls on its coal rationing, the country is facing another crisis: gas shortage. Many stations across the country are running out of diesel due to supply constraints. As the Chinese economy aggressively reopened following the Wuhan coronavirus (COVID-19) shutdowns, the supply of fossil fuels started to […]

(Natural News) Fuel retailers in China are now rationing diesel volumes to customers as the country intensifies its efforts to avert a supply crunch that is already affecting the coal and natural gas sectors. Long lines of vehicles are making their way to pump stations across Guangxi and Anhui provinces in east and southwest China, […]

(Natural News) Crude oil price in the U.S. rose 1.5 percent to $80.52 a barrel on Monday, Oct. 11, closing at that rate for the first time since late 2014 and bringing its price climb to 125 percent since the end of October 2020. Oil is now set to outpace copper by the largest amount since […]

(Natural News) Prices of natural gas in different parts of the world rose to their highest levels recently. The price spikes threatened to increase costs for households and businesses. The high prices also raised concerns that the fuel shortage will only worsen as time passes. The price of liquefied natural gas (LNG) in the U.K. […]