JPMorgan Chase CEO Jamie Dimon told President Biden that the U.S. needs a “Marshall Plan” for developing more domestic natural gas. The Biden administration and European Union are close to Continue Reading
German utility industry association BDEW on Thursday said the government should announce an early warning alert on an existing national emergency gas supply plan to bear account of the Russian Continue Reading
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer Continue Reading
– Russian energy giant Gazprom (GAZP.MM) on Thursday said that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company Continue Reading
Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble. The requirement Continue Reading
Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning Continue Reading
Germany’s ruling coalition reached a deal on a second package of measures to ease the burden on consumers and businesses from soaring energy costs. Matthias Miersch, a deputy caucus leader Continue Reading
Companies across the West are retreating from Russia in the wake of President Vladimir Putin ’s decision to invade Ukraine. Some of France’s biggest firms are hanging on. Russians shopping Continue Reading
Self-sanctioning amid a global backlash against Russia has left analysts dividend in their forecasts for the future of Russian oil. OPEC+ and the U.S. Energy Information Administration are the most Continue Reading
As the world fights to reduce emissions, the transportation sector is being transformed on every level – with hydrogen trains being just one example. In Germany, Japan, and the United Continue Reading
Coal has seen lessening EU energy crisis CO2 emissions expected to rise this year Shippers aided by growing coal trade Coal will help solve the European Union’s current energy price Continue Reading
Dutch multinational banking giant ING has decided to restrict financing for new oil and gas fields and increase financing for renewables. Dutch multinational banking giant ING has decided to restrict Continue Reading
Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world’s second-largest oil exporter, and on signs that exports Continue Reading
Crude oil futures rose in mid-morning Asian trade March 23, resuming their upward climb after easing slightly overnight, while US crude stocks fell last week, signaling a further tightening of Continue Reading
Oil market players are struggling to find out key information. Oil market players are struggling to find out how much Russian oil exports and supply will be impacted, who will Continue Reading
When the Cold War ended, governments and companies believed that stronger global economic ties would lead to greater stability. But the Ukraine war and the pandemic are pushing the world Continue Reading
The UAE is looking to expand its production capacity from 4 million bpd today to 5 million bpd ahead before 2030. The investments in production expansion are also aimed at Continue Reading
—For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela, Continue Reading
Imports may rise ahead of railway maintenance in April Domestic coal output, logistics hindered by COVID-19 lockdowns Spot offers for 5,500 kcal/kg NAR exceed guidance at Yuan 1,600/mt China’s seaborne Continue Reading
Japan not under COVID-19-led movement curbs first time since early Jan Gasoline spot prices rise 37% year on year Japan’s domestic gasoline demand is expected to rise after the government Continue Reading
To boost non-fossil fuel share in electricity to 39% by 2025 vs 29% now Energy security to be ‘premise’ for China’s modern energy system Coal to have supportive role, plant Continue Reading
A growing number of European countries are cutting fuel taxes to lower surging pump petrol prices. The move brings respite to motorists but environmentalists say it flies in the face Continue Reading
Big banks arguably have more power to undermine the oil and gas industry than any other actor, and in recent years they have done their best to halt new exploration. Continue Reading
Balance-2022, early-2023 contracts gain 25 to 30 cents Prolonged slump keeps US gas production to 93 Bcf/d Gas storage over 300 Bcf below average, year-ago levels NYMEX natural gas futures Continue Reading
The U.K. government should press ahead with its sanctions against Russia as they are inflicting pain on Vladimir Putin’s regime, but should also help lower income families cope with the Continue Reading
ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step Continue Reading
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along Continue Reading
Russian energy giant Gazprom (GAZP.MM) said on Wednesday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company said requests Continue Reading
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc (SHEL.L) to carmaker Hyundai Motor Co (005380.KS) Continue Reading
Russia’s security policy dictates that the country would only use nuclear weapons if its very existence were threatened, Kremlin spokesman Dmitry Peskov told CNN in an interview on Tuesday. The Continue Reading
More than 3.5 million people have fled abroad from the war in Ukraine, United Nations data showed on Tuesday, leaving Eastern Europe scrambling to provide them with care, schools and Continue Reading
Hungary does not support any sanctions on Russian energy shipments as it would endanger Hungary’s energy security, foreign minister Peter Szijjarto said on Wednesday at the United Nations Human Rights Continue Reading
For decades, global finance firms eagerly catered to Russian firms, billionaires and the government. Then tanks started rolling into Ukraine. Citigroup Inc. , which has thousands of staff and billions Continue Reading
Here’s the key business news from London-listed companies this morning: Ultra Electronics Holdings Plc : The defense-industry supplier reported adjusted pretax profit for the year that beat the average analyst Continue Reading
Over the past 120 years, a Beirut bakery has survived civil war, Lebanon’s financial crisis and the Covid-19 pandemic. Fighting in Ukraine , disrupting food and energy supplies world-wide, may Continue Reading
A decade-long, $11bn effort to take gas 1,200km from Russia to Europe ends abruptly at the German coastal village of Lubmin, population: 2,041. The Kremlin-backed Nord Stream 2 pipeline was Continue Reading
Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks by Yemen’s Iran-aligned Houthi group on Saudi energy and water Continue Reading
Crude oil futures rose for a fourth consecutive trading day in mid-morning Asian trade March 22 as EU ministers mulled sanctions on Russian energy and oil markets remained undersupplied amid Continue Reading
On any other day, White Post Lane in London’s Hackney Wick neighborhood crawls with people searching for artisan coffee and taking selfies against the graffiti-covered walls. Outside a newly renovated Continue Reading
Pedestrians in Beijing, which was shrouded in polluted air after a sandstorm in March 2021. Hundreds of millions of people around the world are breathing dirty air that far exceeds Continue Reading
The effort to revive the 2015 nuclear deal agreement now hinges on perhaps the most politically sensitive issue in the negotiations: whether to remove the U.S. terrorism designation for Iran’s Continue Reading
U.S. is “seriously considering removing the ‘Foreign Terrorist Organisation’ [FTO] designation from the IRGC. The FTO removal is seen as one of the very last obstacles in the Iran nuclear Continue Reading
Global markets are thirsty for Iraq’s oil, but infrastructure bottlenecks are likely to prevent the country from taking full advantage of high prices and a rising OPEC-plus quota. Iraq’s oil Continue Reading
The U.S. condemns the Houthi attacks over the weekend. U.S. National Security Advisor Jake Sullivan has announced that the U.S. condemns the Houthi attacks over the weekend against civilian infrastructure Continue Reading
Highlights US company’s CPC crude shipments certified of Kazakh origin Industry seeks to maintain Kazakh shipments amid Russian boycotts CPC crude remains discounted on Ukraine fallout, shipping risk Kazakhstan’s CPC Continue Reading
China’s increased reliance on coal to combat an energy shortage was never going to bode well for its ambitions to cut planet-warming emissions. Now, thanks to new analysis of satellite Continue Reading
Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done Continue Reading
China is aiming for non-fossil fuels to account for around a fifth of its total energy consumption by 2025 and to strictly control coal consumption in heavy industry, as it Continue Reading
Japan on Tuesday issued an emergency plea for citizens, businesses and local authorities to conserve energy, warning of potential blackouts after a massive earthquake idled several power plants and unseasonably Continue Reading
While Europe appears to be turning to nuclear energy, high costs are stopping the U.S. from following suit. Only the US government has the borrowing capacity for the large-scale nuclear Continue Reading
