EIA Warns Of Substantial Fall In Russian Oil Production
EIA: Russia’s oil output could fall 18 percent by the end of next year. The EIA forecasts that Russian oil output will decline from 11.3 million bpd in the first Continue Reading
IEA: Europe Could See Energy Rationing This Winter
IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called Continue Reading
Russia Holds Grain Hostage, Demands The West Lift Sanctions
Supplies of grain from Ukraine have taken a major hit due to Russia’s blockade of the country’s ports. The UN has accused Russia of weaponizing food, warning that its actions Continue Reading
UK Economic Growth Is Grinding to a Standstill, BCC Warns
UK economic growth is grinding to a halt as the cost of the living crisis escalates, a leading business lobby warned. The British Chambers of Commerce predicted output will be Continue Reading
More bodies found in Mariupol as global food crisis looms
Workers pulled scores of bodies from smashed buildings in an “endless caravan of death” inside the devastated city of Mariupol, authorities said Wednesday, while fears of a global food crisis Continue Reading
Insurance Ban Is The EU’s Biggest Blow Yet To Russian Oil Exports
The EU has just taken another drastic step to curb Russian oil revenues. Joining the UK, the EU has placed a ban on insuring and financing the marine transportation of Continue Reading
The US Is Now Sending the Bulk of Its Export Gas to Europe
Ukraine in Talks to Purchase US LNG, Naftogaz CEO Says Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash Continue Reading
EXCLUSIVE Russia hikes oil exports from major Eastern port to help offset EU ban
Russia hiking Kozmino oil supplies by 150,000 bpd – sources ESPO Blend exports from Kozmino to reach record in July-sources Kozmino port can potentially increase loadings to 1.1 mln bpd Continue Reading
Chornobyl radiation detectors back online, levels normal –IAEA
Radiation detectors in the Exclusion Zone around Ukraine’s defunct Chornobyl nuclear power plant are back online for the first time since Russia seized the area on Feb. 24, and radiation Continue Reading
U.S., Europeans in ‘extremely active’ talks to limit Russian revenues from oil-
The United States is involved in “extremely active” discussions with European countries aimed at limiting the revenues Russia can generate by selling oil, U.S. Treasury Secretary Janet Yellen said on Continue Reading