Cheaper Natural Gas Is Coming To Europe
The European Union recently updated its gas pipeline rules in a bid to assuage concerns about its deepening dependence on Russian gas. The move was generally praised by Nord Stream Continue Reading
Where Will Putin Build His Next Gas Pipeline?
Russian gas giant Gazprom has invested billions in extending and diversifying its pipeline infrastructure to Europe through Turk Stream and Nord Stream 2. Both projects are part of Moscow’s vision Continue Reading
Europe feels strain from tighter sour crude oil market
European refiners are feeling the pinch from purchasing sour crude grades at higher prices, hurting already weakening refining margins as US sanctions upend traditional trade flows into the region. Refineries Continue Reading
Europe set for warmer than usual temperatures in Mar-May:
London — Almost all of Europe is set for warmer than normal temperatures through March, April and into May, the Weather Company said in its latest medium-range forecast Tuesday. Receive Continue Reading
Russia’s Lukoil Halts Oil Swaps In Venezuela After U.S. Sanctions
Litasco, the international trading arm of Russia’s second-biggest oil producer Lukoil, stopped its oil swaps deals with Venezuela immediately after the U.S. imposed sanctions on Venezuela’s oil industry and state Continue Reading
Big firms weigh in as France looks to revive offshore wind
A French wind power tender has attracted interest from a slew of international energy heavyweights, signaling that France’s offshore wind industry could finally be taking off after years of missteps. Continue Reading
Russian Energy Minister: We Avoided $25 Oil With OPEC Deal
The OPEC/non-OPEC production cut agreement has significantly benefited Russia’s budget and companies, as it put a floor under oil prices, Russian Energy Minister Alexander Novak said on Thursday. Oil prices Continue Reading
Fight On Climate Change Could Accelerate Norway’s Oil Decline
Stricter global climate policies could influence Norway’s oil and gas industry and lead to a phase out of oil and gas sooner than previously expected, Oystein Olsen, the Governor of Continue Reading
EU brings industry together to tackle dollar dominance in energy trade
The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader Continue Reading
EU gas pipeline rules could slow Russia’s Nord Stream 2
The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines, casting doubt over the operating structure of Russia’s planned Nord Stream 2. The Russian Continue Reading