The European Union should set an ambitious goal for boosting solar energy capacity across the region as it seeks to free itself from a dependency on Russian gas, according to Continue Reading
Four main corridors see flows of 8.27 Bcm last month Deliveries lower via Ukraine transit corridor on price TurkStream gas flows drop below 1 Bcm in April Physical Russian gas Continue Reading
Boost in demand from China, and India could act as a trigger Biden administration urged to set up escrow accounts Tight global oil supplies complicate enforcement efforts Risks are rising Continue Reading
Oil prices extended gains on Thursday on supply concerns after the European Union laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting Continue Reading
Oil advanced ahead of an OPEC+ meeting on supply after surging on the European Union’s plan for a phased ban on Russian crude. West Texas Intermediate rose toward $109 a Continue Reading
Diesel prices hit yet another new record on Wednesday at $5.43 per gallon , now some $1.2 more than a gallon of gasoline, according to AAA. While high prices at Continue Reading
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook due Continue Reading
OPEC+ sees a surplus of 1.9 million barrels per day (bpd) in 2022, 600,000 bpd higher from a previous forecast, amid expectations of slower demand growth this year, a report Continue Reading
A power crisis in India that’s delivering hours-long blackouts , halting manufacturing lines and triggering street protests is forecast to continue for months, adding pressure on the nation’s economic rebound. Continue Reading
India defended its continued purchases of Russian oil on Wednesday , saying they were part of its long-standing effort to diversify its supplies and arguing a sudden halt to imports Continue Reading
