U.S. Permian oil production forecast to hit record in November -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record Continue Reading
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they Continue Reading
EXCLUSIVE Rosneft moves into tanker chartering as EU ban looms
Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on the insurance of Russian oil shipments, three sources Continue Reading
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas Project
Share As the West tries to move away from Russian energy sources and imposes sanctions on Moscow, China and India have stepped in to fill the gap. WSJ examines how Continue Reading
Putin Blames Outsiders As Central Asia Turns Its Back On Russia
Russian President Vladimir Putin is blaming the West for Russia’s declining influence in Central Asia. Putin referenced one of his conspiracy theories about foreigners scheming to rob the world and Continue Reading
Norway’s Equinor Considers Buying Chinese North Sea Oilfields
Reuters reported on Monday that Norway’s Equinor ASA (NYSE: EQNR)is considering buying oilfields in the British North Sea from China’s CNOOC Ltd (OTCPK: CEOHF), including a significant stake in the Continue Reading
Nord Stream Blasts Were Likely Result of Sabotage, German Probe Finds
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
France’s central bank boss says UK crisis shows risk of ‘vicious loop’
France’s central bank head has warned that the recent turmoil in the UK’s bond markets illustrates the “vicious loop” governments face if they undermine efforts by rate-setters to curb soaring Continue Reading
Drones Embody an Iran-Russia Alliance Built on Hostility to the U.S.
The Iranian-made drones that Russia sent on Monday to divebomb Ukraine’s capital delivered the most emphatic proof yet that Tehran has become a rare, increasingly close ally to the Kremlin, offering both Continue Reading
As Europe Piles Sanctions on Russia, Some Sacred Cows Are Spared – The New York Times
Eight months into the war in Ukraine, and eight rounds of frantic negotiations later, Europe’s sanctions against Russia run hundreds of pages long and have in many places cut to the Continue Reading