Russia Cuts Gas Supplies to Gazprom Unit Seized by Germany
Russia has cut natural gas supplies to a unit of Gazprom PJSC seized by Germany in retaliation for western penalties over the war in Ukraine. Gazprom Germania GmbH and its Continue Reading
How Germany’s LNG Terminals Will Morph Into Green Hydrogen Hubs
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Russia accused of industrial-scale farm plunder in Ukraine
The flow of Russian gas in a key pipeline to Europe through Ukraine has been disrupted due to illegal siphoning by Russian occupying forces, according to Ukraine’s gas grid operator. Continue Reading
U.S. rules for sharing intelligence with Ukraine
The United States is sending billions of dollars in military equipment to Ukraine, including heavy artillery, drones and antitank missiles. Administration officials have publicly enumerated those contributions, practically down to Continue Reading
The EU Has A Major Problem With Securing Non-Russian Gas
The EU is determined to wean itself off Russian gas, and its current replacement plan involves building new LNG terminals and importing gas from elsewhere. This replacement plan has one Continue Reading
Germany taking ‘necessary’ precautions following new Russia gas sanctions
Moscow sanctions former Gazprom units in Europe Includes Gazprom Germania, GM&T, Wingas, Astora Germany took over control of Gazprom units in April Germany is taking the “necessary” precautions to ensure Continue Reading
Oil rises on looming EU Russian oil ban, gas disruption
Oil rose on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as the European Union works on gaining support for Russian oil and flows Continue Reading
Oil Prices Fall On Rising Crude, Product Inventories
The American Petroleum Institute (API) reported a build this week for crude oil of 1.618 million barrels, compared to analyst predictions of a 1.2 million barrel draw. U.S. crude inventories Continue Reading
How to Speed Up the Rollout of Small Nuclear Power Plants
The invasion of Ukraine has put the U.S. and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Earth could soon briefly hit threatening climate threshold
Since signing the Paris climate agreement in 2015, nations around the world have focused on one climate goal: limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial Continue Reading
Record year for renewable capacity additions ahead despite headwinds: IEA
Global addition of 320 GW forecast Solar booming, onshore wind limited Policy lag threatens 2023 stasis Global additions of renewable power capacity are expected to increase by over 8% in Continue Reading
Saudis, UAE: The World Has A Serious Energy Spare Capacity Problem
Prince Abdulaziz bin Salman: “The world is running out of energy capacity at all levels,”. Saudis see underinvestment in refining capacity as on of the reasons for soaring fuel prices. Continue Reading
Nigeria: Aviation Fuel – Airline Operators to Get 3 Months’ Supply At N480 – NNPC
Licence to import own Jet fuel The Nigeria National Petroleum Corporation (NNPC) Ltd, airline operators and marketers have resolved on a common ground in the interim to take measures that Continue Reading
Soaring food, fuel ramp up social unrest risk for emerging markets -report
Rising fuel and food prices look set to stoke an “inevitable” rise in civil unrest, with developing middle-income countries such as Brazil or Egypt, particularly at risk, a report by Continue Reading
India Eases Green Rules for Coal Mines to Tackle Fuel Crisis
India has eased environment approvals for coal mine expansions to boost output amid fuel shortages that have triggered hours-long blackouts . Some existing sites will be able to raise production Continue Reading
Indian Railways missed Coal India train provision targets for over a year- data shows
Indian Railways’ supply of trains to Coal India (COAL.NS) for transporting coal has fallen short of its monthly targets for more than a year, government data showed, highlighting the problems Continue Reading
WHO chief says China’s zero-COVID policy not ‘sustainable’
The head of the World Health Organization said on Tuesday China’s zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by Continue Reading
Exclusive: Tesla halts most output at Shanghai plant, April sales dive
Tesla Inc (TSLA.O) has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, Continue Reading
Xi Jinping Scrambles as China’s Economy Stumbles
If Xi Jinping was hoping for an uneventful and stable 2022 before his planned “re-election” this fall, he must be disappointed. In January I wrote that “China’s economic future isn’t Continue Reading
Half of Shanghai achieves ‘zero COVID’; city presses on with ‘unsustainable’ fight
Shanghai officials said on Wednesday that half the city had achieved “zero COVID” status, but uncompromising restrictions had to remain in place under a national policy that the head of Continue Reading
WHO chief’s remarks on China’s COVID policy blocked on country’s social media
A United Nations Weibo post on the World Health Organization chief’s comments that China’s zero-tolerance COVID-19 policy is not sustainable was removed from the Chinese social media platform on Wednesday Continue Reading
Toyota warns profit to skid 20% as raw materials costs pile up
Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both Continue Reading
U.S. retail gasoline prices hit new record, as refiners struggle to meet demand
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading
U.S. natgas output, demand to rise in 2022 -EIA
U.S. natural gas production and demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Continue Reading
U.S. crude output to rise 720,000 bpd in 2022 -EIA
U.S. crude oil output is expected to rise 720,000 barrels per day to 11.91 million bpd in 2022, the government said in a monthly forecast on Tuesday. U.S. crude output Continue Reading
Wall Street Is Trying Desperately to Catch Up With Stock Rout
Analysts cut share-price targets at fastest pace in two years It’s latest evidence of souring sentiment on the equity market To see how much pressure the five-month equity selloff is Continue Reading
US Crude Output Growth Expected to Slow Amid Soaring Costs
American drillers will increase oil production at a slower pace than previously expected amid surging costs, stymieing the Biden administration’s hope that the industry will boost output to tame fuel Continue Reading
Midsummer heat baking southern states with highs feeling like July
The calendar says May, but the atmosphere has fast-forwarded at least a month. A sprawling dome of summerlike heat is parked over the central United States, bringing temperatures 20 degrees Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The May Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. This STEO Continue Reading
EIA again raises US fuel price outlook as demand destruction looms
Cuts global oil demand growth by 200,000 b/d on China, US Trims US oil supply by 100,000 b/d to 11.91 mil b/d in 2022 EU oil ban would lead to Continue Reading
USA Gasoline Price Hits New Record
The average price of regular gasoline in the U.S. hit a new record. The average price of regular gasoline in the U.S. hit a new record of $4.37 per gallon Continue Reading
U.S. House passes $40 bln bill to bolster Ukraine against Russian invasion
The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv Continue Reading
California’s Water Use Soars Despite Pleas for Conservation
California’s water use in March was the most for that month since 2015 despite pleas for conservation amid a record dry start to the year. Water used by residents to Continue Reading
Record High Diesel Prices Will Ripple Across The Economy
Diesel prices have hit record highs due to very tight domestic inventories and a global supply shortage. A combination of spiking demand as the world recovers from Covid and falling Continue Reading
Ukraine, Russia Gas Clash Escalates Threat to Europe’s Supply
EU, Hungary Make ‘Progress’ on Plan to Ban Russian Oil Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Continue Reading
Ukraine to halt key Russian gas transit to Europe, use alternative
Ukraine said on Tuesday it would suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe Continue Reading
Russia’s Gazprom says Ukrainian proposal to switch gas flow entry is impossible
Russian energy giant Gazprom (GAZP.MM) said on Tuesday it was not technologically possible to switch gas transfers to Ukraine to a new entry point, as Ukraine’s gas system operator GTSOU Continue Reading
Four Russian governors resign as sanctions bite
Four Russian regional governors resigned on Tuesday as the country braces for the impact of economic sanctions. The heads of the Tomsk, Saratov, Kirov and Mari El regions announced their Continue Reading
Ukraine, Russia Gas Clash Escalates Threat to Europe’s Supply
Ukraine and Russia clashed over natural gas sent via pipelines to Europe in a spat that could disrupt supplies from the former Soviet Union nation for the first time since Continue Reading
Traders Prepare to Ditch Moscow Ruble Rate as Market Split Grows
Currency traders are preparing to jettison Russia’s local exchange rate for the ruble on some transactions, a sign of the growing split between the country’s domestic currency market and its Continue Reading
Russian gas transit via Ukraine down to 72 mcm, Gazprom says
Russian gas producer Gazprom (GAZP.MM) said it continues shipping gas to Europe via Ukraine with volumes on Wednesday seen at 72 million cubic metres (mcm), down from 95.8 mcm on Continue Reading
Requests for Russian gas via key Ukraine transit point fall to zero, data shows
Nominations for Russian gas transit via Ukraine at the Sokhranovka entry point for May 11 fell to zero, data from Ukraine’s gas pipeline operator showed on Wednesday, following Kyiv’s warning Continue Reading
EU Drafts $205 Billion Plan to Wean Itself Off Russian Fuels
The European Union’s executive arm is set to bolster renewables and energy savings goals as part of a 195 billion-euro ($205 billion) plan to end its dependency on Russian fossil Continue Reading
U.S. Spy Chief Sees Putin Preparing for Long Fight in Ukraine, as Russia Strikes Odessa
The U.S. spy chief said Russian President Vladimir Putin still seeks to control swaths of Ukraine beyond the eastern region known as the Donbas, after local authorities said Russian missiles Continue Reading
Oil drops as economic worries, strong dollar weigh
Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed Continue Reading
Oil falls on China demand worries, possible EU ban on Russia oil eyed
Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union Continue Reading
Oil Slips as Traders Weigh Up Saudi Price Cuts, G-7 Crude Ban
G-7 Leaders Commit to Banning Imports of Oil From Russia Oil dipped as investors weighed a pledge by the Group of Seven nations to ban imports of Russian supplies against Continue Reading
Global stocks suffer worst day since June 2020 amid slowdown fears
Global stocks on Monday suffered their worst one-day decline since the early months of the coronavirus pandemic in 2020, as investors fret about signs of slowdowns in the world’s large Continue Reading
OPEC+ April crude oil output tumbles as sanctions hit Russian output: Platts survey
Crude oil production by OPEC and its partners fell to a six-month low of 41.58 million b/d in April as Russian production took a battering from Western sanctions, the latest Continue Reading
Libya To Open All Ports When Oil Revenue Dispute Is Resolved
Libya expects to open all its oil loading terminals after it sets up a mechanism for a fair distribution of the country’s oil revenues among the regions, Parliament Speaker Aqila Continue Reading