Wind Power Is Back in Europe as Storms Spur Record Output
Wind power output in the European Union climbed 26% this year. Wind power is making a comeback in Europe as three named stormed battered the region in the past week, Continue Reading
Ukraine Invasion Could Crush Russia’s Nord Stream 2 Ambitions
The European Union would target Russia-led gas pipeline project Nord Stream 2 if Russian invades Ukraine, as part of an EU package of sanctions being prepared in case of an Continue Reading
Russia will continue uninterrupted supplies of gas, LNG to global markets: Putin
Putin speaks after the escalation of Ukraine conflict Gas prices retreat on potential Russia-US summit Russia intends to continue uninterrupted supplies of gas and LNG to global markets, President Vladimir Continue Reading
Shell warns of ‘incredibly’ tight gas market, but ready to supply more LNG to Europe
Warns of more volatility if Russia hit by sanctions Calls on Europe to be ‘proactive’ on supply security LNG cargoes likely to continue to come to Europe Shell is prepared Continue Reading
Crude oil futures slip after opening surge as risk appetite wanes
Crude oil futures were lower in mid-morning Asian trade Feb. 21 after surging at the open as developments in the Russia-Ukraine crisis continue to drive sentiment, with Western leaders trying Continue Reading
Oil Prices Seesaw as Russia Menaces Ukraine
Uncertainty drove oil prices higher when trading opened on Sunday as more Russian troops massed on Ukraine’s borders, but they fell later in the night as news reports said President Continue Reading
Oil falls on fresh hope of diplomacy over Ukraine crisis
Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Continue Reading
The Cure For High Oil Prices Might Just Be Higher Oil Prices
Oil producers have had a great year with oil prices rallying by as much as 20% in 2022 alone. Higher oil prices could incentivize upstream investments and help push more Continue Reading
Vitol CEO Sees Oil Above $100 for a ‘Prolonged Period’ This Year
Vitol Group CEO Russell Hardy says he sees oil prices at $100+ for ‘a prolonged period’ at some point in the next 6-9 months. Oil prices could be set for Continue Reading
Kuwait, Iraq target new hydrogen and solar projects
Highlights Kuwait considering blue and green hydrogen pilot Iraq to provide sovereign guarantee for solar projects Baghdad working on long-term technical contract with Acwa Power Iraq and Kuwait are planning Continue Reading