U.S. Treasury Secretary Janet Yellen said on Wednesday that sanctions imposing a full ban on Russian oil exports would likely result in “skyrocketing” global prices that would hurt the United Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
Can Sanctions Really Stop Putin’s War? In the days after the Ukraine war began, the ruble’s collapse was a potent symbol of Russia’s newfound financial isolation. International sanctions on Vladimir Continue Reading
The SCF Timmerman LNG tanker. Photographer: V. Tonic/Marine Traffic. Shell Plc decided to idle two liquefied natural gas vessels chartered from a Russian company, in the latest example of an Continue Reading
Prime Minister Boris Johnson ramped up plans to build new nuclear power stations and offshore wind farms as he seeks to shore up the U.K.’s energy supplies in the wake Continue Reading
Russian coal producers may struggle to redirect volumes to Asian markets if the EU proceeds with a threatened total import ban, analysts and industry participants said. EU diplomats were this Continue Reading
Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude Continue Reading
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 1.080 million barrels, compared to analyst predictions of a 1.558 million barrel draw. U.S. crude Continue Reading
Calculations utilize satellite data from Copernicus Sentinel 5P Emissions will be calculated for 19 US basins at a monthly cadence S&P Global Commodity Insights announced April 5 that it will Continue Reading
Power outages from severe weather have doubled over the past two decades across the U.S., as a warming climate stirs more destructive storms that cripple broad segments of the nation’s Continue Reading
StalkEgypt, often the world’s top wheat buyer, saw a rise in imports of the grain from Russia in March despite supply and payment disruptions following its invasion of Ukraine that Continue Reading
Iraq’s federal government earned a record $11.07 billion in oil export revenues in March as global oil prices spiked as a result of Russia’s war on Ukraine. Preliminary estimates from Continue Reading
Oil supply unaffected despite increased attacks Saudi Arabia has said it is no longer responsible for any shortages in oil supply because of attacks on its facilities. An S&P Global Continue Reading
Highlights March gasoline imports at record low: Kpler More naphtha heading for Japan Heavy distillates stocks still climbing Oil product inventories at the Port of Fujairah in the UAE dropped Continue Reading
The worst drought in two decades, punishing sanctions and soaring wheat prices due to the war in Ukraine are making food insecurity more severe Drought had already devastated Allawddin Rahimi’s Continue Reading
India’s top electricity producer NTPC Ltd’s (NTPC.NS) coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as Continue Reading
India’s foreign minister said on Wednesday the government is working to stabilize economic transactions with Russia, a day after India condemned the killings of civilians in Ukraine and called for Continue Reading
India on Tuesday condemned the killings of civilians in Ukraine’s Bucha and called for an independent investigation, having earlier declined to explicitly criticise the invasion of Ukraine by its long-time Continue Reading
The cost for Latin American countries to import diesel via vessel from the United States is rising due to limited supply and increased freight costs, according to shipping sources and Continue Reading
Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s invasion of Ukraine make purchases Continue Reading
The European Commission on Tuesday proposed sweeping new sanctions against Russia, including banning Russian coal imports in retaliation over alleged civilian killings in Ukraine. read more The sanctions may have Continue Reading
Traditional wooden coffins are running short in Hong Kong as authorities scramble to add mortuary space in the global financial hub’s battle on COVID-19, which is swamping funeral parlours. “I Continue Reading
Shanghai on Wednesday made some concessions on a widely unpopular child separation COVID policy, in a nod to growing public frustration as it extends a citywide lockdown that has left Continue Reading
The elderly woman slouched in a chair in Shanghai’s cool spring weather as her three companions squabbled with police and others clad in white biohazard suits, the only people visible Continue Reading
Growth in developing Asia will likely be slower this year than previously thought, the Asian Development Bank said on Wednesday, as the war in Ukraine is expected to derail an Continue Reading
Less than a week after Hong Kong rolled back some of the world’s strictest inbound travel curbs, at least six airlines have had routes banned, creating havoc for travelers and Continue Reading
Shanghai Reports Over 17,000 Covid Cases on Tuesday . China’s services sector took a massive knock in March from the nation’s worst Covid outbreak since the start of the pandemic, Continue Reading
Barricades, panic buying and empty streets are some scenes from Shanghai as China’s most populous city imposed a new lockdown. Offices and factories – including Tesla’s – were affected by Continue Reading
According to official data, as many as a third of farmers in northeastern Jilin, Liaoning and Heilongjiang provinces have insufficient agricultural inputs after authorities sealed off villages to fight the Continue Reading
Russia’s war in Ukraine has put China in a somewhat precarious position. Russia is an important energy (trade) partner to Beijing. Russia’s total trade with China pales in comparison to Continue Reading
Asia is the world’s largest LNG market, but demand growth in the region is slowing as competition from Europe for cargoes heats up. Europe’s determination to wean itself off Russian Continue Reading
There is a soaring demand for Australia’s gas resources, pushing exports to record levels and helping fund public services and infrastructure. A new report illustrates the soaring demand for Australia’s Continue Reading
U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend Continue Reading
Three U.S. senators wrote to the U.S. Federal Trade Commission on Tuesday to urge an investigation into “elevated and volatile” prices for gasoline, diesel and jet fuel. Senators Maria Cantwell, Continue Reading
Janet Yellen U.S. Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict “enormous economic repercussions” globally, just as governments impose fresh sanctions on Continue Reading
The U.S. and the EU are set to unveil new sanctions on Russia this week, after allegations from Ukraine of potential war crimes against civilians by Russian forces galvanized a Continue Reading
In a packed university hall in Canberra last week, Jeremy Fleming, the chief ofBritish spy agency GCHQ, shared the kind ofjaw-dropping classified intelligence that the public rarely hears. He said Continue Reading
While $100 oil incentivizes increased production in Canada’s crude-producing province of Alberta, the ramp-up of production is being held back by an issue all too familiar to the U.S. shale Continue Reading
EIA: U.S. gas production and consumption could fall if no new interstate pipelines are built. Lack of new pipeline infrastructure could lead to higher gas and electricity prices. Pipeline bans Continue Reading
Highlights Winter 2022-2023 trades at over $6.50/MMBtu Cold weather to linger in the West, Midcontinent US storage deficit forecast to widen to 276 Bcf Benchmark US gas futures prices rocketed Continue Reading
Winter was not quite done as US gas storage volumes flip back to withdrawals following an early injection, according to a survey of analysts by S&P Global Commodity Insights. The Continue Reading
Von Der Leyen Outlines New Sanctions on Russia Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here Continue Reading
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members Continue Reading
Ukraine’s gas transit operator has suffered damages totaling hundreds of millions of euros since Russian forces invaded Ukraine on Feb. 24, its head said on Wednesday. Sergiy Makogon, CEO of Continue Reading
The European Union will put more sanctions against Russia on top of the latest package announced on Tuesday, likely including measures against imports of Russian oil, the head of the Continue Reading
Goldman Sachs’s Jeff Currie says supply constraints in the global oil market are the biggest since the 1970s. Oil reversed earlier losses as traders assessed the talk of fresh sanctions Continue Reading
EU May Need Sanctions on Russian Oil, Gas, Michel Says Natural gas prices in Europe hovered between gains and losses as uncertainty over future shipments from Russia countered milder weather Continue Reading
German consumers should expect to pay more for dairy produce and meat as production costs hit “extraordinary” levels, according to the country’s farmers union. Moscow’s invasion of Ukraine has boosted Continue Reading
The U.K. will create a new authority to oversee the country’s energy system as it transitions to more low-carbon supplies. The Future System Operator will work to secure Britain’s energy Continue Reading
German factory orders fell for the first time in four months in the runup to Russia’s invasion of Ukraine, underscoring concerns over slower growth in Europe’s largest economy. Demand declined Continue Reading
