The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers, and the European Union’s decision to continue imports was unlikely Continue Reading
Daily operations at many European refineries rely on a Russian crude diet. The EU agreeing to an outright ban on Russian oil is unlikely given its members’ dependence on the Continue Reading
The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. read more Continue Reading
The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional Continue Reading
Big public shale drillers aren’t rushing to boost production following the pandemic. Small, privately held shale drillers are increasingly drilling activity as they see a chance to significantly ramp up Continue Reading
The Ukraine invasion may be a push in the direction of more serious energy problems, emerging primarily from the fact that other countries will want to punish Russia. Russia holds Continue Reading
Friday, March 4th, 2022 Russia’s invasion of Ukraine has triggered arguably the wildest week in oil trading since Saddam Hussein’s attack on Kuwait back in 1990 – in fact, it Continue Reading
Member states of the International Energy Agency have finalized their contributions to a 60 million barrel oil release announced this week to buoy prices sent soaring by Russia’s invasion of Continue Reading
U.S. energy firms this week cut the number oil rigs even as Russia’s invasion of Ukraine drove crude prices to their highest since 2008. U.S. oil rigs fell three to Continue Reading
IEA presents 10-point plan to cut Europe’s reliance on Russian gas imports. Europe only has around seven months before the start of the next winter season. IEA: fast and significant Continue Reading
