The City of London Corporation…
China is on track to…
This week’s surveys suggest that…
Diesel prices, the lifeblood of industry, have hit a record $5.16 per gallon, trending $1 per gallon higher than gasoline prices, with inventory shortages adding severe pressure and…
The EU’s wholesale electricity market is not to blame for the gas and power crisis in Europe as the current design ensures efficient and secure electricity supply under relatively ‘normal’…
The U.S. solar energy industry has warned it is facing a substantial slowdown in capacity additions due to persistent supply chain problems and the danger of import tariffs on low-cost…
Poland is still purchasing Russian gas—via reverse flows from Germany—after Gazprom cut off direct gas supply to Poland on Wednesday, the Russian gas giant said on Thursday, as carried by…
Production has partially resumed at Libya's largest oil field after a force majeure was imposed on it earlier this month, the operator of the field, Spain's Repsol, told…
A recent bout of bad weather has slashed oil production in North Dakota by almost 80 percent, and restoring the lost output could take several days. North Dakota,…
The United States Environmental Protection Agency is preparing to send biofuel blending mandates to the White House for review as early as the first part of next week, sources told…
Oil prices continued to tick higher to close on Thursday, as Russian airstrikes hit the Ukrainian capital Kyiv as the UN Secretary General was visiting. In…
Democrats said on Thursday that they would propose legislation to allow state and federal agencies to “go after” oil companies over what Democratic lawmakers continue to describe as market…
France’s supermajor TotalEnergies plans to sell its minority stake in an onshore oil-producing joint venture in Nigeria in what will be the latest divestment of Nigerian oil assets by an…
Iran’s oil exports jumped by 30 percent from last year to 870,000 barrels per day (bpd) in the first quarter of 2022, The Wall Street Journal reported on Thursday,…
Germany, the main opponent of a full embargo on Russian oil imports into the European Union so far, has dropped its opposition to a ban, if given time to procure…
Africa’s top natural gas exporter, Algeria, has warned Spain that it would consider Madrid sending Algerian deliveries to third countries a breach of contract, as Spain plans to send gas…
Exxon has declared force majeure on the Sakhalin-1 project that it operates with Russia's Rosneft due to Western sanctions against Moscow. According to the company's statement, as quoted by…
French energy giant TotalEnergies (Total) has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic. It…
In response to Russia’s move to cut off gas to Poland and Bulgaria, the Biden administration has authorized more LNG shipments from two U.S. plants currently in the…
French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG2 project,
Government sources have told Reuters that Italy may temporarily nationalize the ISAB refinery owned by Lukoil, Russia’s second-largest oil producer whose CEO resigned after being sanctioned by the…
German activists have allegedly succeeded in halting the flow of crude oil through pipelines at five separate locations in protest against the country’s foot-dragging on a ban on…
Igor Volobuev, vice president of state-owned Gazprombank, has confirmed that he has fled Russia and will fight with the Ukrainians against Kremlin forces after two other top executives…