Bullish OPEC+ Rhetoric Sends Oil Prices Soaring
Crude prices soared on Tuesday morning after OPEC+ leaked that it may decide to cut output once again if, and when Iran makes a full comeback to oil markets. Reader Continue Reading
Israel Eyes Gas Exports to Europe as Production Surges by 22%
Israel’s natural gas production surged 22% in the first half of the year, as the government plans to ramp up exports that will make their way to Europe, where the Continue Reading
Iran And Russia Move To Create A Global Natural Gas Cartel
Russia and Iran are building the foundation for a potential natural gas cartel. The Russia-Iran alliance aims to control as much of the two key elements in the global supply Continue Reading
India Ramps Up Saudi Crude Purchases, But It’s Not A Gesture To Washington
India’s major shift in its oil purchasing pattern last month from Russia to Saudi Arabia is unlikely to be sustained. The scale and scope of the pivot towards Russia and Continue Reading
India’s Oil Production Fell 4% In July
Private firms and state-held Oil and Natural Gas Corporation (ONGC) pumped less oil from some of their fields in India in July, driving total domestic Indian crude oil production down Continue Reading
EXCLUSIVE Major traders, banks cut business ties with Russia-backed Indian refiner -sources
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft (ROSN.MM) affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine, Continue Reading
China Vows to Relieve Power Shortages in Drought-Hit Southwest
China’s energy administration has pledged to alleviate electricity shortages in Sichuan and Chongqing, which have ordered power cuts for industrial plants and even households, disrupting the operations of global heavyweights Continue Reading
Japan set for new nuclear plants in post-Fukushima shift
Japan is preparing a big shift on nuclear power, with Prime Minister Fumio Kishida announcing plans to look at the construction of new plants, in what would be a break Continue Reading
U.S. natgas falls 5% on delay of Freeport LNG plant restart
U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas. Freeport LNG Continue Reading
Canada Studies Direct LNG Exports To Europe
Canada studies the feasibility of direct LNG exports to Germany. Trudeau: “we will do what we can to contribute to the global supply of energy.” In the short term, Canada Continue Reading