Qatar Energy set the term price for cargoes of al-Shaheen oil loading in June at a higher level than for May, indicating stronger demand for crude for the summer amid tightening supply after producers agreed to cut output.
Libya's National Oil Corporation announced on Saturday the reopening of a gas well operated by Mellitah Oil and Gas Company on its Sabratha Platform in the Mediterranean Sea.
The Middle East has by far the lowest share of clean power in its electricity mix of all regions, but is starting to change that through hefty increases in renewable energy generation capacity.
A new Lithuanian bid to push the European Union to impose sanctions on Russia's nuclear energy industry includes proposed exemptions for Hungary and a two-year period to phase out existing contracts, according to a document seen by Reuters.
Saudi Arabia's energy ministry said on Sunday that the kingdom is voluntarily cutting its oil production by 500,000 barrels per day from May until the end of 2023, according to state media.