Neither Gazprom nor the Kremlin shed light on how they will implement Putin’s announcement that Russia’s gas trade with Europe will shift into rubles. Neither Gazprom nor the Kremlin could Continue Reading
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create Continue Reading
A map of the Conger Ice Shelf that collapsed in Antarctica. A massive ice shelf collapsed in Antarctica, satellite imagery shows, following record high temperatures in the region. The Conger Continue Reading
Russia’s invasion of Ukraine is further driving up the price of renewable-energy projects, which were already facing supply-chain strains and raw-materials increases before the war. The new pressures, which are Continue Reading
A senior US official has warned that a deal to save the nuclear accord with Iran is neither imminent nor inevitable as diplomatic efforts stall over Tehran’s demand that Washington Continue Reading
India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Continue Reading
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call Continue Reading
President Biden’s pledge to boost U.S. liquefied natural gas exports to Europe marks a further retreat from his hard-line stance against fossil fuels, sending share prices surging for natural-gas companies. Continue Reading
Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under Continue Reading
U.S. jobs and wages probably kept growing robustly in March and a key inflation measure may have reached a new 40-year high, reports that could push the Federal Reserve toward Continue Reading
A Gazprom PJSC compressor station in the Lensk district of the Sakha Republic. The trading arm of Russia’s gas giant Gazprom PJSC is under increasing pressure as clients and peers Continue Reading
Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. Now, officials are fixated on rapidly reducing the continent’s reliance on Continue Reading
Without Russian help, climate scientists worry how they’ll keep up their important work of documenting warming in the Arctic. Europe’s space agency is wrestling with how its planned Mars rover Continue Reading
Russia’s invasion of Ukraine has delayed or derailed international collaborations studying climate change in the Arctic, with many Western scientists and scientific organizations cutting ties with Russian research institutions and Continue Reading
For years, Volkswagen AG thrived as a global company, building and selling its cars all around the world. But as war, health scares and trade disputes roll back decades of Continue Reading
Oil posted its first weekly gain in three weeks as the European Union continued to debate how it can decrease its reliance on Russian exports and Saudi Arabian energy assets Continue Reading
Crude oil futures were steady to higher in midmorning Asian trade March 25 as supply concerns eased after the US and European partners failed to reach an agreement on sanctioning 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
1. OPEC Exports Underwhelm Despite High Prices Source: Kpler. – The Russia-Ukraine war has taken OPEC heavyweights out of the public limelight, somewhat concealing the fact that the 400,000 b/d Continue Reading
Since Monday, the national average for a gallon of regular gasoline has decreased by two cents to $4.23. According to new data from the Energy Information Administration (EIA), total domestic Continue Reading
Governments increasingly turn to ordinary citizens as need for power conservation becomes more urgent The Tokyo Tower is partially lit as part of energy-saving measures in Tokyo on March 22. Continue Reading
An East Antarctica ice shelf disintegrated this month following a period of extreme heat in the region, according to scientists. Satellite images show the 1,200 square-kilometre Conger Ice Shelf collapsed Continue Reading
Powerful clouds of the greenhouse gas methane have been observed by satellite near a coal-mining basin in Alabama, highlighting an often overlooked climate impact from the dirtiest fossil fuel. Since Continue Reading
Iran said on Saturday that a document signed between Saudi Arabia and Kuwait this week to develop the Durra gas field was “illegal” since Tehran also has a share in Continue Reading
Cammesa seeks 12 total cargoes of HSD, fuel oil — half of its last tender Several large LatAm awards or tenders out March 25 after dry spell Argentina’s Cammesa unveiled Continue Reading
China Likely to Cut Loan Prime Rate in April Bloomberg News Sign up for Next China , a weekly email on where the nation stands now and where it’s going Continue Reading
China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions Continue Reading
California diesel prices climbed 52.5 cents a gallon this week in the San Francisco Bay market because of a hydrotreater outage at Chevron Corp’s (CVX.N) Richmond, California, refinery, said West Continue Reading
Gas Prices Top $6 Per Gallon in California California Governor Gavin Newsom’s proposal to give $400 to every car owner to offset record-high gasoline prices has prompted criticism that it Continue Reading
The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services for the military and intelligence services, including dual-use components used in weapons proliferation, U.S. officials Continue Reading
The U.S. is ramping up shipments of liquefied natural gas to Europe this year as the continent mounts a world-wide hunt for new supplies to phase out its reliance on Continue Reading
The number of total active drilling rigs in the United States rose by 7 this week, as WTI trades at more than $113 per barrel. The total rig count increased Continue Reading
Frigid temperatures forecast for Midwest, Northeast Final storage pull now expected in EIA’s April 1 report NYMEX prompt-month gas futures top $5.50/MMBtu Frigid weather across the US Midwest and the Continue Reading
The US Energy Information Administration (EIA) published its Annual Energy Outlook (AEO) 2022 on March 3. figure 1 Three scenarios are shown in the chart above for a low oil Continue Reading
The West Texas Intermediate (WTI) oil price companies need to profitably drill a new well in the U.S. is increasing, according to the Dallas Fed Energy Survey. In the organization’s Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
Russian state-owned energy giant Gazprom (GAZP.MM) said on Saturday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company Continue Reading
Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic and Black Sea ports in March, when some Western firms started to snub the Continue Reading
Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response yet to Continue Reading
Germany’s industrial base, just emerging from the pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision-machinery manufacturers. As Continue Reading
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
