Russian gas flows to Europe via the Nord Stream 1 pipeline and through Ukraine were stable on Friday, while reverse flows on the Yamal pipeline edged down slightly, operator data Continue Reading
Russian Foreign Minister Sergei Lavrov on Friday said attempts to isolate Moscow with sanctions was akin to a declaration of economic war by the West, dismissing what he said was Continue Reading
The war in Ukraine is depriving far-away developing countries of electricity, as the world’s supply of liquefied natural gas used to produce power is swallowed up by European nations as Continue Reading
Germany is rationing hot water, dimming its street lights and shutting down swimming pools as the impact of its energy crunch begins to spread from industry to offices, leisure centres Continue Reading
Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted. Continue Reading
With crude prices under pressure from growing fears of a global recession while supply-side threats hang over the market, the near-term price forecasts for the key commodity have become increasingly Continue Reading
$85 Crude Is Citi’s Base Case as Demand Falls: Morse For much of 2022, oil steadily rallied as investors piled into bets that the world’s most liquid commodity would surge Continue Reading
A customer fuels a vehicle at a gas station in Hercules, California, on June 22. Photographer: David Paul Morris/Bloomberg Gas station owners in the US are finally making higher profits Continue Reading
The Karkh Commercial Court in Baghdad has postponed a ruling on the validity of UK-listed Gulf Keystone’s contract with the Kurdistan Regional Government (KRG). “Today’s session is postponed until July Continue Reading
Treasury targets UAE, Hong Kong entities tied to Iran sales Apparent attempt to raise pressure after latest nuclear talks Chances of JCPOA deal remain slim as US midterms loom The Continue Reading
The European Union plans to become the top investor in the world’s tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its Continue Reading
-Kazakh President Kassym-Jomart Tokayev on Thursday told his government to diversify its oil supply routes, a day after a Russian court ordered the Caspian Pipeline Consortium to suspend activity for Continue Reading
Latin America’s third largest economy is reporting record-breaking hydrocarbon production. Shale oil and natural gas output from the Vaca Muerta basin have been vital in Argentina’s push to ramp up Continue Reading
After three years as the world’s most popular maker of battery-powered cars, Tesla was this week forced to hand back that crown to one of the industry’s least known yet Continue Reading
Japan’s Ministry of Economy, Trade and Industry is urging domestic LNG importers to speed up securing alternative supplies to Russian LNG and is also accelerating its own efforts to consider Continue Reading
Power demand in Texas hit another all-time high this summer on Tuesday and will likely keep breaking that record all week as economic growth boosts overall use and homes and Continue Reading
Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large Continue Reading
A Polestar 2 being tested in the Arctic Circle. Photographer: Polestar The early days of any new technology tend to be — to put it technically — insane. Airlines in Continue Reading
US employers are forecast to have added the fewest jobs in over a year in June, but economists say that slowdown isn’t concerning. At least not yet. The jobs report Continue Reading
Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell SHEL -1.21%▼ PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to Continue Reading
The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep Continue Reading
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Two sources say oil loadings from CPC terminal continue CPC exports around 1.2 Continue Reading
Those expecting Europe’s worst energy crisis in decades to ease after this winter are going to be disappointed, according to a major gas lobby. “We might go through the winter Continue Reading
US, Allies Discuss Capping Russian Oil Russian President Vladimir Putin has found another weapon to use against European countries supporting Ukraine — Kazakhstan’s crude — and it will cost him Continue Reading
The UK government introduced to Parliament on Wednesday the Energy Security Bill, a proposed legislation that does not explicitly confirm the UK’s pledge to end coal use by October 2024. Continue Reading
Kremlin spokesman Dmitry Peskov said on Thursday that Russia has not made any specific decision about the future of the Sakhalin-1 international oil and gas project, after a top lawmaker Continue Reading
Euro just off its two decade low Rising risk appetite support the single currency Swiss Franc hovering around 7-year high vs euro Aussie dollar up on commodity prices rebound July Continue Reading
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter when gasoline prices broke records in Continue Reading
Last summer the European Union unveiled “Fit for 55,” a radical plan to move away from carbon-based energy, which envisions deep cuts in greenhouse gas emissions to meet a goal Continue Reading
Cooling towers at a nuclear power plant in Nogent-sur-Seine, France. Photographer: Cyril Marcilhacy/Bloomberg Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to Continue Reading
Since Tuesday, more than 50 MPs have resigned. The UK Secretary of State at the Department of Business, Energy and Industrial Strategy (DBEIS), Kwasi Kwarteng, and the UK Minister of Continue Reading
France will fully nationalise EDF (EDF.PA) , Prime Minister Elisabeth Borne said on Wednesday, in a move that would give the government more control over a restructuring of the debt-laden Continue Reading
ICE Brent plunges more than 9% overnight Sentiment remains fragile on recession fears Norway workers’ strike ends after government intervention Crude oil futures were higher in mid-morning Asian trade July Continue Reading
Oil steadied around $100 a barrel, with Goldman Sachs Group Inc. arguing that a plunge driven by fears a recession will hurt demand was overdone. West Texas Intermediate rose 0.8%, Continue Reading
Brent crude futures for delivery in November on Tuesday traded below $100 per barrel for the first time since mid-May, according to Refinitiv Eikon data, highlighting a market structure that Continue Reading
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production Continue Reading
Oil to Remain Above $80 Even With a Recession: Analyst Crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 Continue Reading
Slowing demand and recession fears helped bring the benchmark U.S. oil price below $100 a barrel Tuesday, continuing a rapid turnaround from soaring levels in recent months. Oil prices shot Continue Reading
Egypt’s non-oil private sector economy had its worst performance in two years as demand slumped after a sharp spike in prices and the pound’s devaluation while businesses struggled to secure Continue Reading
OPEC Secretary-General Mohammed Barkindo, who helped forge the creation of the 23-member OPEC+ coalition, has died at the age of 63, less than one month before he was supposed to Continue Reading
Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… A new report on environmental Continue Reading
It’s that time of the year again when heavy rains in the Indian city of Mumbai and nearby areas have disrupted the lives of millions of people in the country’s Continue Reading
Investors are growing increasingly wary of Colombia’s struggling oil industry. A lack of discoveries has pushed the country to look to fracking, though the move has been met with major Continue Reading
The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the Continue Reading
Tanker operators willing to ship Russian crude are making a substantial amount of money sending Russian crude to China from Russia’s Far East. According to data compiled by Bloomberg, by Continue Reading
Japan is facing an energy crisis that can severely hurt the world’s third-largest economy as it is forced to tackle a combination of a weak local currency, the fallout from Continue Reading
China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced slackening in its total crude oil imports, squeezing out supplies from the Middle East and West Continue Reading
Bloomberg News China issued its latest batch of fuel export quota for the year, but total allowances are still around 40% less than the same point in 2021. Some 5 Continue Reading
Singapore media professional Ellie Lim gave up her plan to buy a new Volvo SUV to ferry her newborn baby when she realized it was going to cost her more Continue Reading
As Japan struggles to deal with the hottest early summer on record, Prime Minister Fumio Kishida says the country must quickly restart more of its nuclear power plants. For the Continue Reading
