The Supreme Petroleum Council announced the discovery of 15 trillion cubic feet of gas, which could transform the UAE to a net gas exporter.   Read Article  +

Oil prices dipped on Wednesday as high output and U.S. sanction waivers allowing Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market.   Read Article  +

Paradise is about to get pricier. Hawaii, which already struggles with the nation’s highest electric bills, could see them jump by as much as 20 percent in just two years thanks, oddly enough, to new regulations on fuel use in oceangoing...  +

Benchmark crude oil futures continued declining for the third week in a row by losing more than 2% last week.   Read Article    +

A little over a quarter of a one-million-barrel offering of Iranian crude on the local energy exchange found buyers in the first day of trading, IRNA reports, as Iran seeks alternative ways of selling its crude abroad after U.S. sanction...  +

Asia's demand growth for short-term, or spot, cargoes of liquefied natural gas (LNG) could dip as the region's thirst for LNG will increase less than last year on forecasts for a warmer winter and as nuclear power plants erode the need f...  +

The expected startup of a new liquefied natural gas export plant in Australia may not offer the sustained supply relief sought in a market about to enter peak winter demand season with prices near four-year highs.   Read Article  +

Saudi Arabia has a number of tools it can use to retaliate against any potential US sanctions related to the disappearance of Jamal Khashoggi, the Saudi journalist who went missing in Turkey this month. The kingdom's response could inclu...  +

Iran is resurrecting its stock exchange, last used four years ago, to sell one million barrels of crude, the National Iranian Oil Company said in a statement quoted by S&P Global Platts.   Read Article    +

India's monthly diesel consumption fell for the first time in 10 months year-on-year in September, while petrol sales grew by the least in four months as record high pump prices dented demand, government data showed on Friday.   Read A...  +