EU Aims to Cut Russia Gas Dependence by Almost 80% This Year
The European Union’s executive arm is mapping out a path to end the bloc’s reliance on Russian gas that could see import needs cut by almost 80% this year, according Continue Reading
Ukrainians Risk Their Lives to Keep Russian Gas Flowing to Europe
Europe imported more natural gas from Russia in the first 10 days of the war than before the invasion. Keeping it flowing is a crew of intrepid Ukrainians. Minutes after Continue Reading
Replacing Russian Gas in Europe Will Require State Planning
The war in Ukraine has ended the notion that natural gas is a reliable transition fuel for Europe, but it will still need to rely on it for years to Continue Reading
The Future Turns Dark for Russia’s Oil Industry
A week after a chorus of Western executives from Exxon Mobil, BP, Shell and other companies denounced Moscow’s violent onslaught in Ukraine and pledged to pull their companies out of Russian ventures, Continue Reading
Russia Says Energy Embargo Could Send Oil Prices Over $300
With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Continue Reading
Russia warns of $300/b oil, threatens gas export ban
Russia has threatened to retaliate against international sanctions with an embargo on gas exports and warned restricting imports of its oil would see prices surge to $300/b. Receive daily email Continue Reading
Russian gas continues to flow into Europe on main pipeline routes
Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine remained at recent high levels, pipeline operator Continue Reading
Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban
Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies mull a Russian oil import ban and delays in the Continue Reading
Oil Shoots Near $130 as Chance of Russian Ban Spurs Crisis Fears
Brent surged 18% at the open before paring half those gains Oil soared in Asia — jumping as much as 18% early in the session — after reports that the Continue Reading
Can Non-OPEC Producers Jump Into The Supply Gap?
Only a handful of OPEC members have available spare production capacity.| Many Non-OPEC producers are also large consumers of crude oil. Of the Non-OPEC producers, only Brazil, the U.S., Norway, Continue Reading