Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters Continue Reading
Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia’s Druzhba pipeline to Europe were halted, Continue Reading
Russia is cutting oil output by as much as 10 percent for several days amid disruptions due to contamination of crude in a major pipeline to Europe and at a Continue Reading
State-controlled Equinor reported a 9% year-on-year drop in its Norwegian oil output for the first quarter on Friday, suggesting continued problems and steep natural decline at currently producing fields ahead Continue Reading
The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and Continue Reading
Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters Continue Reading
In the wake of the Extinction Rebellion riots that led to more than a thousand arrests with people gluing themselves to buildings and vandalizing the Shell HQ, a panel has Continue Reading
Russian crude entering Eastern Europe via Belarus has been restored to normal quality more than a week after a major contamination incident halted flows of the key Urals oil exports Continue Reading
U.S. exports of liquefied natural gas (LNG) to Europe have surged by 272 percent since July 2018, when the United States and the European Union (EU) pledged to boost their Continue Reading
The European Union will seek to increase its imports of liquefied natural gas (LNG) from the United States to 8 billion cubic meters (bcm) per year by 2023, more than Continue Reading
