India and China have stepped up purchases and are importing record volumes of Russian crude. some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep Continue Reading
Fresh off of the US targeting a series of companies involved in an Iran-linked oil smuggling network , the US has now seized an oil tanker near Greece, taking the Continue Reading
Equinor’s Hammerfest LNG unit in Norway has been restarted after a September 2020 fire took it offline, the company reported on Friday. The unit is capable of producing 4.65 million Continue Reading
The European Union is drafting contingency plans in case of natural gas supply interruptions, the Financial Times has reported , citing the European Commissioner for Energy, Kadri Simson. According to Continue Reading
Russia’s invasion of Ukraine has triggered a shift in European power production sources and forced the governments to rethink their long-term energy policies. The European Union is now on track Continue Reading
Near-term outlook remains bullish amid tight supply US economic data eases recession fears amid central bank tightening Crude oil futures were higher in mid-morning Asian trade May 27, with the Continue Reading
Oil prices rose on Friday and were on track for weekly gains, supported by a prospect of a tight market due to rising gasoline consumption in the United States in Continue Reading
Oil rose for a second day after US crude and gasoline stockpiles declined further as motorists prepare to take to the road for the summer driving season. West Texas Intermediate Continue Reading
Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving analysts confidence it has further to go based Continue Reading
This summer, power grids worldwide won’t produce enough electricity to meet the soaring demand, threatening more than one billion people with rolling blackouts. Grids are stretched thin by fossil fuel Continue Reading
