The last of four regular power lines supplying the Russian-held nuclear power plant at Zaporizhzhia in Ukraine was briefly cut on Thursday, meaning the plant had to resort to backup Continue Reading
Ukraine faces its most difficult winter in modern history but should manage to reach a government goal of building 19 billion cubic meters (bcm) of natural gas reserves in time, Continue Reading
Russian President Vladimir Putin ordered a major buildup of his country’s military forces Thursday in an apparent effort to replenish troops that have suffered heavy losses in six months of Continue Reading
France is exploring ways to rein in private-jet flights amid a growing backlash over the wealthy’s use of high-emitting planes to travel the distance of a car or train journey. Continue Reading
President Vladimir V. Putin on Thursday ordered a sharp increase in the size of his armed forces, a reversal of years of efforts by the Kremlin to slim down a Continue Reading
Image caption, The Russian-occupied Zaporizhzhia nuclear power plant pictured on Monday The final pair of working reactors at the Zaporizhzhia nuclear plant were briefly cut off from Ukraine’s power grid Continue Reading
Oil held gains as falling US stockpiles and the possibility of OPEC+ cutting output heighten the prospects of an increasingly tight market. Brent futures traded near $102 a barrel. There Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as higher prices weaken consumer demand Continue Reading
Oil prices have traded below $100 per barrel since the beginning of August. A recession could weigh further on global oil demand, though many analysts are bullish on oil in Continue Reading
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria’s state-owned oil company, after reaching new deepwater oil production Continue Reading
An entrance of the oil refinery of Eni is seen in Taranto, southern Italy, September 21, 2018. REUTERS/Alessandro Bianchi/File Photo MILAN, Aug 24 (Reuters) – The chief executive of Eni Continue Reading
While Iran says it isn’t trying to build nuclear weapons, a look at its key facilities suggests it could develop the technology to make them. WSJ breaks down Tehran’s capabilities Continue Reading
Egypt is struggling with high inflation and dwindling financial reserves. High natural gas prices and increasing LNG exports could help Cairo fill its coffers again. Egypt needs to improve regional Continue Reading
Iraq’s Oil Ministry is threatening to take aggressive international legal action to stop the Kurdistan region from continuing to export crude oil independently of Baghdad. In a letter sent to Continue Reading
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
The United States has emerged as a top natural gas supplier to Europe. High domestic prices could force the United States to curb exports. If imports from the United States Continue Reading
After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest Continue Reading
After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two Continue Reading
Russia’s July oil and gas condensate output was 10.76 million barrels per day (bpd), up from 10.70 million bpd in June, according to data published on Wednesday by the Rosstat Continue Reading
Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first month in four in which Continue Reading
Highlights Russia was UK’s biggest supplier of refined products in 2021 Saudi Arabia, Netherlands, Belgium, Kuwait filling supply gap Question mark hangs over indirect imports of Russian oil The UK Continue Reading
Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its economic machine. Continue Reading
Germany’s second largest sugar producer Nordzucker on Thursday said it will start this year’s sugar refining season on Sept. 3 and reported success in converting refinery plants to oil fuel Continue Reading
The Rhine River’s water level at a key waypoint is set to decline in the coming days, curbing the amount of cargo that barges can carry. The measured level at Continue Reading
Europe’s energy crisis is squeezing the small and midsize firms that form the backbone of the continent’s economy, leading some business owners to curb production or close up shop. Katrien Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
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’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
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’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
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
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’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 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. 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 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
Freeport LNG has pushed back the date of its expected restart that it provided earlier in the month. Freeport LNG has been shut since June, and shared earlier this month Continue Reading
Gasoline prices in the U.S. have fallen for 70 days straight. Gasoline prices in the US have fallen for 70 days straight, the longest down streak since January 2015. Pump Continue Reading
About 1 in 6 American households are behind on their utility bills, the highest number on record, according to the National Energy Assistance Directors Association. Photographer: Michael Nagle/Bloomberg Adrienne Nice Continue Reading
Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Oil rallied for a second day as an industry report signaled another drawdown in US crude inventories, adding to a tightening Continue Reading
The commodity almost hit the $10 per MMbtu mark for the first time. U.S. Henry Hub prices have climbed to a record high, Rystad Energy analyst Lu Ming Pang highlighted Continue Reading
The United States will announce a new security assistance package for Ukraine of about $3 billion as early as Wednesday, a U.S. official said on Tuesday, in what would be Continue Reading
Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western Continue Reading
The U.N. nuclear watchdog will visit the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine within days if talks to gain access succeed, it said in a statement on Tuesday. Russia Continue Reading
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the Continue Reading
European power prices have soared so much that they’re now equal to more than $1,000 per barrel of oil. A gas crunch is the main driver — with Russian supply Continue Reading
