APPEC Russian oil diversion post-EU sanctions to raise shipping hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be Continue Reading
Not Everyone Is Ditching Russian Energy
While Europe and North America continue to turn their backs on Russian energy, China, India, and several other countries remain happy to buy ‘cheap’ Russian energy products. China is thought Continue Reading
Natural Gas Prices Continue Plunge As Europe Fills Up Ahead Of Schedule
Europe’s natural gas prices have continued their sharp pullback across UK and European benchmarks as the continent has filled up its gas storage ahead of schedule. Benchmark Dutch front-month futures Continue Reading
UK scours market for new gas, LNG supply deals as pound weakness bites
BEIS talking to market about commercial gas deal availability US LNG producers approached for supply proposals: sources Pound weakness adding to LNG procurement costs in UK The UK government is Continue Reading
Russian Crude Is Slowly Being Squeezed Out of Europe
Russia to Flood Asia With Fuels Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been Continue Reading
Gazprom says group’s first half core earnings more than doubled to $53 billion
Russian gas giant Gazprom Group’s (GAZP.MM) earnings before interest, taxes, depreciation and amortisation more than doubled in the first six months of the year to 3.05 trillion roubles ($52.54 billion), Continue Reading
Global Oil Flows Are Changing As Russian Crude Moves East
Global oil flows are changing ahead of the coming embargo on Russian oil, with a growing amount of Russian crude heading east. Meanwhile, the amount of fuel and oil flowing Continue Reading
Moscow pledges ‘full protection’ to any areas annexed by Russia
Referendums on joining Russia held over four days Regions would have Russia’s ‘full protection’ – Lavrov Two sides trade blame for rocket strikes, shelling Ukraine won’t give in to rhetoric Continue Reading
Europe Faces An Exodus Of Energy-Intensive Industries
Very high energy costs are forcing European companies to cheaper places like the U.S. The Inflation Reduction Act could benefit chemicals, batteries and clean energy industries. Industries such as manufacturing Continue Reading
Baltic Sea Countries Eye LNG, Offshore Wind Expansion
Eight Baltic Sea littoral nations have signed a declaration to phase out Russian energy imports and to decarbonize their energy sectors. LNG and offshore wind are key in the Baltic Continue Reading