London’s Mayor extended the first air quality warning since August 2020 for another day after pollution levels mushroomed throughout the week. A cocktail of high atmospheric pressure, little wind and Continue Reading
Energy Markets on War Footing Russia has choked throughput on a Caspian Sea pipeline carrying crude oil from the Tengiz fields in Kazakhstan to Russia’s Black Sea coast. Russian officials Continue Reading
While the European Union looks for ways to reduce its imports of Russian gas, flows via Ukraine remain high, at 109 million cu m daily amid lower wind energy output. Continue Reading
Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan’s CPC terminal, while the European Union remained split on whether to Continue Reading
The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving Continue Reading
U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, Continue Reading
Iran plans to boost its crude oil production to 4 million barrels per day in the new Persian year. OPEC sources: In February, Iran’s crude oil production was at 2.546 Continue Reading
The Federal Government has raised an alarm over the rising rate of crude oil theft in the Niger Delta, disclosing that about $3.27 billion worth of oil has been lost Continue Reading
Repairs to two damaged loading points could take 2-3 weeks ‘Significant’ production losses to be avoided Relief for markets tightened by fears for Kazakh export-grade Kazakhstan’s CPC crude oil loadings Continue Reading
Top Western oil producers could experience a hit to revenue if disruptions at a Russian Black Sea port curtail output from Kazakhstan’s giant oilfields, highlighting the growing global supply risk Continue Reading
