Russia Will Terminate Natural Gas Supplies If A Price Cap Is Implemented
The EU is considering a price cap on Russia’s natural gas exports in order to reduce both its energy bill and Russia’s ability to wage war on Ukraine, The CEO Continue Reading
Crude in U.S. emergency reserve falls to lowest since Dec. 1984
Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy. Stockpiles in the Strategic Continue Reading
Russia-Ukraine War News: Live Updates – The New York Times
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Russia-Ukraine War and Putin
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
Zaporizhzhia: Occupied nuclear plant back on Ukraine grid after outage
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
A Radical Plan To Reduce Europe’s Oil Demand By 33%
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. With the cost of energy soaring across Europe, governments and NGOs Continue Reading
Germany waiting for Russian go-ahead to return Nord Stream gas turbine: Scholz
Highlights Turbine is ready to be transported to Russia: Scholz All relevant documentation prepared, needs Russian approval Nord Stream running at just 20% of capacity since July 27 German Chancellor Continue Reading
Europe’s Race to Secure New Energy Sources Is on a Knife’s Edge
As Russia tightens its chokehold on supplies of natural gas, Europe is looking everywhere for energy to keep its economy running. Coal-fired power plants are being revived. Billions are being Continue Reading
CAF starts dynamic track testing of hydrogen-powered train
This week, CAF started dynamic track testing of the hydrogen-powered demonstrator train being developed for the FCH2RAIL project. FCH2RAIL is a consortium of CAF, DLR, Toyota, Renfe, ADIF, CNH2, IP Continue Reading
U.S. to sell additional 20 mln barrels of oil from strategic reserve
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the Continue Reading
European gas prices soar after Russia deepens supply cuts
European gas prices hit a five-month high after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponize energy supplies. Futures contracts for delivery next month tied Continue Reading
Europe’s new trade flows for coal shaping up as import ban on Russia looms
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
U.S. pledges more military aid to Ukraine, peace seems far off
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
Big Finance and Activists Slam ‘Disappointing’ EU Gas Vote
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
UK Gov Energy Reps Stay on as Resignations Mount
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
Germany, US energy partnership includes agreements on off-shore wind and hydrogen: German minister
BERLIN, May 27 (Reuters) – An energy partnership between Germany and the United States includes expanding off-shore wind power generation and co-operation on using hydrogen in industrial production, German economy Continue Reading
Central Europe’s Huge Gas Depot Risks Being Empty Next Winter
The Haidach underground storage depot near Austria’s border with Germany. Credit: RAG AGSource: RAG AG Conflict between Russia and Germany risks leaving one of central Europe’s biggest natural gas depots Continue Reading
Little-Known Commodity Traders Help Russia Sell Oil
An oil-storage tank operated by Rosneft in Tuapse, Russia. The European Union has blocked its companies from doing most business with the Russian producer. A group of under-the-radar commodity traders Continue Reading
Europe plans for risk that Russia cuts gas supply this year
Europe is developing contingency plans in case of a complete halt to Russian gas imports, the EU’s energy commissioner said, as she warned that any country was at risk of Continue Reading
Germany, US sign energy, climate partnership, reiterate 30% global methane cut goal 2030
Highlights Climate important part of new energy partnership focused on LNG Long-term LNG contracts unlikely longer than 15 years: Habeck Working groups on hydrogen, offshore wind, zero emissions vehicles Germany Continue Reading
Windfall Tax Branded a Backward Step
The industry has called for an Energy Summit involving Downing Street, the Chancellor and leaders from the UK’s offshore energy operators and supply chains. The new taxes imposed on the Continue Reading
Russian Tanker Giant in Deals to Sell Ships Amid Western Sanctions
Sovcomflot has sold about a dozen ships to buyers in Asia and the Middle East, according to people familiar with the matter, as the Russian state-controlled company works to repay Continue Reading
Ukrainian attacks bring war home to Russia, fraying civilian nerves
The Kremlin has sought to minimize discussion of Russian war losses inside Ukraine. But apparent Ukrainian attacks on Russian soil in the past week highlight how the conflict has spilled Continue Reading
Economists Warn Of A Recession In Europe If Russia Halts Gas Supply
Germany’s industry leaders warn of the negative consequences of a gas import ban. The EU’s refusal to pay directly in rubles tests Putin’s threat to cut off the gas supply, Continue Reading
Naftogaz chief warns of potential loss of Russian gas transit volumes via Ukraine
Highlights One third of supply at risk over compressor disruption: Vitrenko Ukraine gas transit continues as normal despite war Calls for Russian gas payments to be paid into escrow The Continue Reading
Mercedes EV Breaks 1,000-Kilometer Range Barrier to Outdo Tesla
The Mercedes VISION EQXX.Source: Mercedes-Benz A Mercedes-Benz AG electric car drove more than 1,000 kilometers (621 miles) from Germany to the French Riviera on a single charge, taking the fight Continue Reading
Putin Says Western Sanctions Have Disrupted Russian Oil Industry
AD Loading advertisement… 00:00 / 05:33 This article is in your queue. President Vladimir Putin acknowledged that Western sanctions have stymied Russia’s energy industry, the country’s economic engine, and that Continue Reading
War in Ukraine is driving up food prices in those countries that depend on Black Sea grains and oils – The Washington Post
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Credit Suisse To Halve Fossil Fuel Funding
Credit Suisse to slash exposure to fossil fuels by half by 2030. The bank already reduced exposure to the industry by 41% between 2020 and 2021. Credit Suisse Has around Continue Reading
Russia allows patent theft from anyone in ‘unfriendly’ countries – The Washington Post
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Some Much Needed Substance On The Russian Oil Debate
Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… Biden’s decision to ban Russian Continue Reading
Russia’s Invasion Leaves Global Coal Markets In Turmoil
Russia’s invasion of Ukraine has sent coal markets into turmoil as large portions of Russia’s coal supply may not make it to market due to Western sanctions. While Storm Eunice Continue Reading
German Advisors Rule Out Extending Nuclear Plant Lifespan To Combat Energy Fears
The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life of three Continue Reading
Eni suspends new oil and oil products purchases from Russia
Highlights Eni joins Shell and BP in halting Russian oil purchases Move comes after US bans imports and Europe seeks phase out Eni says will honor decisions of European and Continue Reading
BNEF: electrolyzer sales more than doubled in 2021, set to grow 4-5x this year
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year Continue Reading
Biden administration to send $1.5 billion to states to plug orphaned wells, which leak planet-warming methane – The Washington Post
The White House on Monday announced new steps to help curb emissions of methane, saying it will send $1.15 billion to states to clean up thousands of orphaned oil and Continue Reading
Summary of Weekly Petroleum Data for the week ending January 7, 2022
U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending January 7, 2022 which was 293,000 barrels per day less than the previous week’s average. Continue Reading
The UK Is Slashing EV Grants Once Again
For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models. Continue Reading
Russia’s Putin requests proposals for Rosneft gas exports to Europe
Russian President Vladimir Putin has ordered the government to work out proposals by March 1 on annual supplies of 10 billion cubic metres of natural gas exports to Europe by Continue Reading
Russian oil output continues to rise on growing OPEC+ quotas
Highlights Nov. output up 0.4% on month at 10.89 mil b/d Little spare capacity remaining in Russia OPEC+ group to discuss future output volumes Dec. 2 Russia produced 44.56 million Continue Reading
How Serious Are Saudia Arabia And China About Their Emissions Target?
China has pledged to reach net-zero carbon emissions by 2060, although it has not outlined exactly how it will get there and is planning an additional 60 coal plants Saudi Continue Reading
U.S. Oil Hub Emptying to Levels Last Seen When Crude Cost $100
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
Why Isn’t Russia Sending More Gas To Europe
Gazprom has not booked any extra space on pipelines going through Ukraine after an auction held on Monday Gazprom data shows that exports for the first half of October were Continue Reading
Russia Hints Extra Gas Supply To Europe Hinges On Nord Stream 2 Approval
Russia’s gas giant Gazprom is in no hurry to supply additional volumes to alleviate Europe’s gas crisis, unless the European Union (EU) and Germany grant operational license to the controversial Continue Reading
UK To Put Nuclear Reactors “At The Heart” Of Its Decarbonization Strategy
The United Kingdom could be ready to officially put nuclear power back on the map. That’s because UK ministers are planning on putting nuclear power "at the heart of Britain’s Continue Reading
US states line up to attract billions in electric vehicle spending
Cotton and soybeans grow in the west Tennessee fields where, in four years, Ford Motor plans to manufacture electric trucks. Last month Ford and its partner SK Innovation said they Continue Reading
Prince Charles says his Aston Martin runs on cheese and wine to help combat climate change – The Washington Post
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Prince Charles says his Aston Martin runs on cheese and wine to help combat climate change – The Washington Post
View full article at www.washingtonpost.com
China’s Manufacturing Weakens, as Power Cuts Threaten More Damage –
China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers Continue Reading
U.S. offshore oil output lags as Louisiana refiners restart after Ida
Damages to oil production facilities in the U.S. Gulf of Mexico on Sunday kept output largely halted a week after Hurricane Ida made landfall, according to offshore regulator the Bureau Continue Reading