Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents. Maduro’s Continue Reading
The United States is back in an energy crisis, with record gas prices because of disruptions stemming from Russia’s invasion of Ukraine. Many nations have rightly taken steps to halt Continue Reading
The Santa Barbara County in California rejected this week a proposal from ExxonMobil to transport oil via tanker trucks that would have been a step toward restarting three oil platforms Continue Reading
Highlights 13 million mt/year of offtake deals secured for Plaquemines LNG Baker Hughes to assemble modular trains in Italy, ship to site Venture Global LNG has started construction of its Continue Reading
Highlights Industry can ‘walk and chew gum at the same time’ Energy security concerns could derail transition Keeping to the Biden administration’s clean energy commitment, US Energy Secretary Jennifer Granholm Continue Reading
Reduced coal capacity adding to gas price volatility Russia-Ukraine conflict driving market uncertainty Permitting delays limiting gas production growth Recent volatility in the US and global gas prices will likely Continue Reading
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending March 4, 2022 which was 21,000 barrels per day less than the previous week’s average. Continue Reading
U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC Continue Reading
.When Angelo Logan was growing up in the city of Commerce, California, in the 1970s, he remembers how residents used to call the weeks leading up to Christmas the “truck Continue Reading
Ukraine’s closed Chernobyl nuclear power plant has been disconnected from the nation’s power grid by Russian forces, Ukraine’s state-owned grid operator Ukrenergo said Wednesday, potentially jeopardizing the cooling of nuclear Continue Reading
LVIV, Ukraine, March 10 (Reuters) – Sergiy Makogon, the head of Ukraine’s gas transit operator, said on Thursday there was a real danger to gas transit flows to Europe because Continue Reading
Shell (SHEL.L) faces further writedowns from exiting Russia over the country’s invasion of Ukraine, it said on Thursday, flagging that it had $0.4 billion in Russian downstream assets as well Continue Reading
Russia ’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced crew from both countries. Ukrainian and Russian seafarers Continue Reading
The continent will need to rely on more coal in the short term, but there could be warp-speed deployment of green energy this decade A World War II poster. Russia’s Continue Reading
Russian Airlines PJSC spent billions of dollars over two decades transforming itself from a stodgy, Soviet-era carrier, with bland food and uncomfortable seats, into an award-winning airline flying new jets Continue Reading
It isn’t just Ukrainians who are fleeing. Russians are leaving their homeland too. One man, worried he might soon be unable to buy insulin for his wife, loaded two suitcases Continue Reading
Lada cars have been a symbol of Russia’s self-reliance since they began rolling off assembly lines during the depths of the Cold War. On Wednesday, Lada’s factory floors ground to Continue Reading
Over the past two decades, London’s high-end property market was overrun by the global superrich led by Russian oligarchs who did so many big, brash deals that locals called the city Londongrad. Continue Reading
Russia is at “imminent” risk of defaulting on its debts as Western economic sanctions choke off its access to dollars and other global currencies to pay lenders, a move that Continue Reading
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Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… Biden’s decision to ban Russian Continue Reading
Russia’s invasion of Ukraine has sent coal markets into turmoil as large portions of Russia’s coal supply may not make it to market due to Western sanctions. While Storm Eunice Continue Reading
The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life of three Continue Reading
Highlights Eni joins Shell and BP in halting Russian oil purchases Move comes after US bans imports and Europe seeks phase out Eni says will honor decisions of European and Continue Reading
Oil rose towards $130 a barrel on Wednesday, supported by concern of a potential supply shock as the United States banned Russian oil imports and amid signs that some buyers Continue Reading
European low sulfur gasoil hits record high Europe begins drawing more diesel from US Latin American diesel tenders dry up Global diesel prices are soaring on concerns that Russian supplies Continue Reading
The American Petroleum Institute (API) estimated that there was a build this week for crude oil of 2.811 million barrels, largely in line with analyst predictions of a 2.796 million Continue Reading
The International Energy Agency (IEA) could release more oil from stocks to ease surging fuel prices and will draw up an action plan to swiftly reduce oil usage, the head Continue Reading
Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and Continue Reading
The crew on a Bangladeshi cargo ship stranded near the Ukrainian port of Olvia heard an explosion, then the bridge was engulfed in flames. A missile struck the MV Banglar Continue Reading
Before its forces invaded Ukraine, Russia provided one out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the Continue Reading
Crude, natural gas, aluminum, nickel, wheat, and a whole host of other commodities have seen extreme price increases in recent weeks. Massive re-pricing in commodities is causing turmoil in global Continue Reading
No signs of middle distillates heading to Europe Heavy distillates rise 10% on the week LSFO Fujairah fuel premium over Singapore widens Oil product stockpiles at the Port of Fujairah Continue Reading
On the third day of the world’s biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy – and Continue Reading
Global energy-related emissions of carbon dioxide rose to their highest ever level last year as economies recovered from the coronavirus pandemic and coal use increased, the International Energy Agency (IEA) Continue Reading
Turkey will continue to buy Russian oil and hopes sanctions on Iran are lifted, bringing additional supplies to meet global demand, Energy Minister Alparslan Bayraktar said on Tuesday. Turkey relies Continue Reading
Saudi Crown Prince Mohammed bin Salman has reaffirmed his country’s commitment to the OPEC+ agreement with Russia. The Kingdom has not made a move to bring extra crude onto the Continue Reading
Kazakhstan is facing economic crisis as the war in Ukraine threatens crude oil exports, which alone account for around 14 percent of GDP and 57 percent of exports. The bulk Continue Reading
Both sides have acknowledged a need for renewed dialogue, but they appear to be envisioning vastly different negotiations. Baghdad is seeking Erbil’s cooperation in implementing the Federal Supreme Court’s decision, Continue Reading
Venezuela released two jailed U.S. citizens on Tuesday in an apparent goodwill gesture toward the Biden administration following a visit to Caracas by a high-level U.S. delegation. One of the Continue Reading
Australia declared a national emergency on Wednesday in response to devastating floods along its east coast, and designated catastrophe zones in towns swept away by swollen rivers. “Australia is becoming Continue Reading
China appears to have been unsettled by the difficulties Russia has faced since its invasion of Ukraine, but Chinese leader Xi Jinping’s determination with regard to Taiwan should not be Continue Reading
Indonesia, the world’s biggest exporter of edible oils, will tighten its control over shipments in a sign of growing protectionism around the world as countries grapple with soaring food prices. Continue Reading
A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy Continue Reading
Europe’s wartime plan for a faster transition to clean energy as it seeks to replace Russian fossil fuels will provide a boost to the order books of China renewable manufacturers. Continue Reading
As the U.S., European Union and others hit Russia with crippling economic sanctions in response to President Vladimir Putin’s invasion of Ukraine, they are facing demands to go hard against another regime: Myanmar’s military Continue Reading
US intelligence chiefs on Tuesday said they were monitoring how China was interpreting the war in Ukraine and said the swift western reaction would probably influence Beijing’s calculus over its Continue Reading
There are no funeral ceremonies for some of the hundreds of elderly Hong Kong residents dying every day of covid. Their bodies are instead sealed in plastic bags and then Continue Reading
The feedstock imports for China’s independent refineries fell by 19.6% on the month to a four-month low of 13.17 million mt in February, latest data compiled by S&P Global Commodity Continue Reading
Chinese companies that defy U.S. restrictions against exporting to Russia may be cut off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo Continue Reading
