Iraq’s Kurdistan agreed with the federal agreement in Baghdad to “increase dialogue” to resolve “outstanding issues” including a dispute about their oil and natural gas rights, the prime ministers of Continue Reading
French oil and energy company TotalEnergies (TTEF.PA) has begun production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per Continue Reading
The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, Continue Reading
Asian natural gas prices are rallying on fears that Russia will slash supply again and worsen a global fuel shortage. The North Asia liquefied natural gas benchmark jumped 12% Friday, Continue Reading
Kyrgyzstan’s state utilities company is warning of potential energy shortages as a heatwave grips Central Asia. Toktogul, a reservoir used by Kyrgyzstan and its neighbors, is currently emptying out almost Continue Reading
Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030. Guyana is the Continue Reading
Guyana’s revenue from domestic oil and gas production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030. As the burgeoning Continue Reading
More trouble for China’s rural commercial banks is more or less inevitable unless the property market turns around soon. A protest by bank depositors in the province of Henan has Continue Reading
The United Kingdom declared a national emergency this week during a historic heat wave that’s melted runways, snarled train travel and shattered temperature records. The devastation has been particularly acute in a Continue Reading
Researchers at Cornell have developed a coupled transportation–power system framework for incorporating a wireless charging road system into the real-time electricity market. In addition, they propose an optimization-based control strategy Continue Reading
Siemens Energy (ENR1n.DE) handed over Canadian documentation to Russian gas giant Gazprom (GAZP.MM) on Sunday which would allow the transport of turbines for the Nord Stream 1 gas pipeline, Russia’s Continue Reading
Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa, that was hailed as a Continue Reading
Agnes Pannier-Runacher The French government is doubling down on calls to save energy amid rising prices and the war in Ukraine. Agnes Pannier-Runacher, minister for energy transition, said steps include Continue Reading
German Foreign Minister Baerbock urges Canada to deliver gas turbine to Russia. Baerbock: Full stop of Russian gas flows could lead to popular uprisings in Germany. Europe must brace for Continue Reading
European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas Continue Reading
Pipes are pictured at a gas compressor station in Mallnow, Germany, November 1, 2021. REUTERS/Hannibal Hanschke//File Photo BERLIN, July 25 (Reuters) – Germany is back on the path of decent Continue Reading
City workers cross London bridge during a heatwave in London, on July 18. Follow us at @BloombergUK and on Facebook , and wrap up your day with The Readout newsletter Continue Reading
Wheat jumped after Russia’s weekend attack on the seaport of Odesa raised concerns about its deal to release millions of tons of Ukrainian grain needed to boost global food supplies. Continue Reading
European natural gas prices rose for a fourth consecutive session, with little clarity on future volumes via a major Russian pipeline. While the Nord Stream pipeline is sending gas to Continue Reading
Millions of tons of grain held hostage by war in the ports of Ukraine appear to be inching closer to a world that desperately needs food. Three days after striking Continue Reading
Highlights Prices of new origins seen attractive Tanzania, Kazakhstan ship cargoes to Europe: sources Coal quality from new origins acceptable With the flow of Russian coal to Europe coming to Continue Reading
Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 Continue Reading
The bombardment of a tourist resort in Iraqi Kurdistan has further frayed Turkey-Iraq relations against a backdrop of a major legal dispute over oil exports, tensions over cross-border water rights, Continue Reading
Stalled talks between world powers and Iran over a potential nuclear deal have left millions of barrels of Iranian oil hanging in the balance. The Chief of the UK’s MI6, Continue Reading
Saudi Arabia currently generations more than 50 percent of its electricity from petroleum fuels. The Kingdom is looking to pivot to renewables and natural gas to free up oil for Continue Reading
Nigeria’s debt has exceeded its revenue in the first four months of the year despite high oil prices, Nigeria’s Budget Office has revealed on its website . Oil-rich Nigeria, unlike Continue Reading
The government presents two scenarios, one involving the continuation of subsidy payment and another assuming partial payment until subsidy is phased out in 2023. Retaining petrol subsidy will cost Nigeria Continue Reading
Mexico hopes the talks initiated by the U.S. under the United States-Mexico-Canada Agreement (USMCA) about Mexico’s prioritization of state energy firms over private U.S. companies would reach a “mutually satisfactory Continue Reading
Highlights Mexico averaging 5.28 million barrels monthly of fuel oil exports to US Increase picks up pace after Russian invasion of Ukraine Competition seen from Brazil, UAE, Iraq, Turkey, others Continue Reading
BEIJING, July 22 (Reuters) – China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state Continue Reading
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Prices surge at Algonquin city-gates, Iroquois Zone 2 TTF trades near $50 on strong European demand New England imports 17.8 Bcf of LNG, winter 21-22 Winter gas prices in New Continue Reading
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future Continue Reading
European envoys debated revisionson Friday to a proposal by the EU executive that all bloc members cut natural gas use to prepare for potential Russian supply cuts, hoping for a Continue Reading
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most Continue Reading
Europe’s diesel market is plunging — from unthinkable highs to levels that would have been incredible at almost any other time in history. About a month ago, a barrel of Continue Reading
Kyiv and Moscow have struck a deal aimed at averting a global food crisis, agreeing a “de facto ceasefire” on cargo ships that will collect millions of tonnes of stranded Continue Reading
Mykhailo Poperechnyuk was driving towards the town of Nikopol, in southern Ukraine, earlier this month when he saw a barrage of Russian rockets streaking across the night sky. The missiles were Continue Reading
Russia and Ukraine signed an agreement in Istanbul on Friday to free more than 20 million metric tons of grain stuck in blockaded Black Sea ports in Ukraine, a deal Continue Reading
There are many moving parts to the grain deal Russia and Ukraine reached, which officials didn’t think was even possible until last week, not least because the war is continuing Continue Reading
-Russian gas producer Gazprom (GAZP.MM) said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 42.1 million cubic meters (mcm) on Saturday versus Continue Reading
Grain export deal signed, wider truce looks distant Zelenskiy: No ceasefire without recovering conquered lands U.S. announces $270 million in fresh support Lithuania lifts Kaliningrad rail ban – Russia’s RIA Continue Reading
Ukrainian President Volodymyr Zelenskiy said a ceasefire with Russia without reclaiming lost territories would only prolong the war, according to an interview with the Wall Street Journal on Friday. He Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Europe is again on edge about potential gas supply disruptions from Russia, Continue Reading
France’s biggest oil company is discounting gas it sells at its service stations across the country, a novel move by one of the world’s largest energy firms amid pressure from Continue Reading
Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 Continue Reading
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow Continue Reading
In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending. In Continue Reading
Iraq’s southern oil export capacity may go up to 3.35 million b/d by September from around 3.3 million b/d now, as OPEC’s second biggest producer pumps more crude in line Continue Reading
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place, Finance Minister Zainab Ahmed said on Thursday, a nearly 70% Continue Reading
