COVID-19 hospitalizations in the United States reached a record high on Monday, according to a Reuters tally, as a surge in infections caused by the highly contagious Omicron variant strains Continue Reading
Benchmark European gas prices jumped 15% this week after a major pipeline bringing gas from Russia began sending flows eastwards. But why do Russian exports have such an impact on Continue Reading
A senior official from the party that leads Germany’s coalition government called on Monday for an end to a political dispute over the Nord Stream 2 pipeline to bring Russian Continue Reading
Russia warned that it would walk away from diplomatic efforts to end the crisis over Ukraine if the west continued to ignore demands over security guarantees, but agreed to extend Continue Reading
With Russian troops massing along Ukraine’s borders, American and Russian diplomats made clear after an intense round of negotiations on Monday that while the two sides would keep talking, they remain Continue Reading
The United States and Russia remained deadlocked after crisis talks Monday over Moscow’s desire to block any future NATO expansion to the east, but officials agreed to continue discussions on Continue Reading
Poland’s government is planning a new law to limit the impact of rising gas prices on public institutions such as hospitals as part of a package of measures to combat Continue Reading
U.S. and Russian negotiators held their first security talks since Russia’s deployment of tens of thousands of troops to the Ukrainian border sparked fears of an invasion, but they left the Monday Continue Reading
Oil fluctuated after recording the biggest weekly gain in a month as supplies returned in Kazakhstan while production in Libya remained volatile. Brent crude rose to trade near $82 a Continue Reading
The oil market has started 2022 as it ended 2021: with a rally. With supplies curbed and demand fears fading, there are bullish signals for prices this year. Photographer: Luke Continue Reading
Algeria’s state oil and gas producer Sonatrach plans to start its first offshore oil drilling in 2023, the state news agency APS reported on Sunday, citing deputy chairman in charge Continue Reading
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east. The Es Sider, Continue Reading
Highlights NOC completes pipeline maintenance linking Waha oil fields Around 300,000 b/d of output still shut-in from PFG-led blockade Libya remains a top oil market risk for 2022: Platts Analytics Continue Reading
Oil theft is a major problem for Nigeria, and it’s beginning to drive international investors away. Oil revenue lost was equal to $3.5 billion in 2021 alone, or around 10 Continue Reading
As damning as a recent report that Nigeria may have lost about 200 million barrels to organised theft in the first 11 months of 2021 would seem, it came as Continue Reading
A deadly uprising in Kazakhstan triggered by a fuel price hike is a powerful reminder of the struggle governments face in trying to limit public subsidies of fossil fuels when Continue Reading
The authorities in Kazakhstan said Monday that nearly 8,000 people were detained by police during protests that descended into violence last week and marked the worst unrest the former Soviet Continue Reading
Healthcare and front-line workers along with people above age 60 with health problems lined up Monday at vaccination centers across India to receive a third dose as infections linked to Continue Reading
A year ago, Chinese health experts had hoped the country could safely reopen to the world by now, as it attained herd immunity against the coronavirus. China achieved last month the Continue Reading
Brazil and Guyana were instrumental in the recovery of the FPSO market Another 10 FPSOs are expected to be awarded over the next 12 months Angola, Australia, China, and Malaysia Continue Reading
Gradual increase to normal levels after protests at remote site Tengiz is largest contributor of CPC export blend CPC, a light, relatively low-sulfur crude, is Kazakhstan’s main export blend Kazakhstan’s Continue Reading
Russian President Vladimir Putin claimed victory on Monday in defending Kazakhstan from what he described as a foreign-backed terrorist uprising and promised leaders of other ex-Soviet states that a Moscow-led Continue Reading
Indonesia may allow coal exports to resume by the end of Monday or Tuesday, as domestic demand has been met, senior minister Luhut Pandjaitan said. “End of today or tomorrow Continue Reading
How the Covid Surge Could Impact Beijing Olympics Omicron arrived in a port city that borders Beijing and spread inland before Chinese officials detected it, seeding the highly contagious variant Continue Reading
Schlumberger (SLB.N) , the world’s largest oilfield services company, is adjusting operations planning as COVID-19 infections have soared among its U.S. workforce, the company said on Friday. Schlumberger has had Continue Reading
U.S. greenhouse gas emissions roared back in 2021, the latest indicator that the country remains far off track from meeting President Biden’s ambitious climate change targets for the end of Continue Reading
Canada has committed to reducing its emissions by between 40 and 45 percent from 2005 levels by 2030 Oil production is seen rising by as much as 18 percent by Continue Reading
Frigid weather in North Dakota and Canada has disrupted crude flows from Alberta’s oil sands and the Bakken shale play in the United States. The deep freeze forced TC Energy Continue Reading
Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total produced volumes are projected to hit new record Continue Reading
Rising fuel costs, especially those of natural gas, drove up wholesale electricity prices in all U.S. regions in 2021, the Energy Information Administration (EIA) said in an analysis on Friday. Continue Reading
For much of last year, established automakers like General Motors and Ford Motor operated in a different reality from Tesla, the electric car company. G.M. and Ford closed one factory Continue Reading
Conditions were optimal for an overflight on a bright, sunny November day in New Bern, a riverfront city that was North Carolina’s first state capital and the birthplace of Pepsi. Continue Reading
Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Continue Reading
The cost of powering Europe’s largest economy next month is dipping as traders bet warmer weather will reduce demand. German power for February dipped almost 8% in trading Monday to Continue Reading
Senior U.S. and Russian officials launched special talks on strategic stability on Monday as part of a flurry of diplomatic activity in Europe this week aimed at defusing tensions over Continue Reading
Russia has warned the US and Nato to make concessions or face a worsening security situation in Europe, as it downplayed the potential for progress in talks between Moscow and Continue Reading
With the threat of Russian military action in eastern Ukraine stirring concern across Europe, American and Russian officials met on Monday to try and find a diplomatic path to ease tensions and Continue Reading
The European Union’s foreign policy chief, Josep Borrell Fontelles, visited Ukrainian troops in the contested Donbas region last Wednesday, staring through a fence at the positions of Russian-backed separatists. “We Continue Reading
Cities across Germany braced for major protests against coronavirus restrictions on Monday, and a tough new vaccine requirement came into force in Italy as governments across Europe continued to tighten Continue Reading
Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021 delivered billions of dollars in Continue Reading
Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya. Brent crude futures Continue Reading
Oil was poised for a third weekly gain as the market tightened due to supply constraints across OPEC+ members following civil unrest. Futures in New York rose to trade near Continue Reading
Crude oil jumped sharply on Thursday and remained high on Friday after reports that the protests in Kazakhstan had disrupted production at its biggest field, Tengiz. Brent crude was trading Continue Reading
President Kassym-Jomart Tokayev also said “20,000 bandits” had attacked the main city of Almaty, the epicentre of protests sparked by a fuel price hike. He blamed foreign-trained “terrorists”, without giving Continue Reading
Highlights ‘Temporary adjustment’ to output due to logistics: TCO Protests continuing at site amid national upheaval Other main Kazakh fields said to be operating as normal The operator of Kazakhstan’s Continue Reading
t came as no big surprise when a crumbling oil town in western Kazakhstan stirred in protest last Sunday, 10 years after security forces there killed more than a dozen Continue Reading
Bloody clashes between anti-government protesters and security forces appeared to have largely subsided overnight Friday, though the streets of Almaty, Kazakhstan’s largest city, remain littered with debris and burned cars Continue Reading
US Secretary of State Antony Blinken has questioned Kazakhstan’s decision to seek Russian military aid to deal with an ongoing wave of violent unrest. Dozens of people have been killed Continue Reading
Coronavirus cases fueled by the highly transmissible omicron variant have rocketed through India and the country is scrambling to ward off its impact by swiftly introducing a string of restrictions Continue Reading
India has tightened its Covid-19 restrictions as a surge of infections threatens the country’s robust economic rebound from last year’s devastating outbreak of the Delta variant. The country’s daily new Continue Reading
