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Big Oil May Not Support All Trump 2.0 Policies

Big Oil May Not Support All Trump 2.0 Policies

Trump's two primary campaign promises,…

U.S. Sanctions on Venezuela Snap Back Into Place

U.S. Sanctions on Venezuela Snap Back Into Place

The U.S. has reimposed sanctions…

Could We Power Flights With Human Waste?

Could We Power Flights With Human Waste?

Aviation companies are exploring the…

News

Russian Oil Sells At Huge Discounts

Russian Oil Sells At Huge Discounts

May 31, 2022 at 10:31 | Tsvetana Paraskova

Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated…

UK Gasoline Prices Hit Record High, Set For Further Rise

UK Gasoline Prices Hit Record High, Set For Further Rise

May 31, 2022 at 09:28 | Tsvetana Paraskova

As in many parts of the world, gasoline prices in the UK hit a fresh record high on Tuesday amid rallying oil prices after the partial EU ban on Russian…

Oil Prices Spike As EU Clinches Deal To Ban Most Russian Imports

Oil Prices Spike As EU Clinches Deal To Ban Most Russian Imports

May 31, 2022 at 08:51 | Tsvetana Paraskova

Oil prices rose early on Tuesday after the EU managed overnight to reach a compromise deal on banning Russian oil imports, expecting to effectively ban 90% of Russia’s oil flows…

EU Ban On Russian Oil Could Send Crude Prices Above $130

EU Ban On Russian Oil Could Send Crude Prices Above $130

May 31, 2022 at 07:58 | Tsvetana Paraskova

Brent Crude prices are set to average just over $107 per barrel in the second quarter, the latest Reuters poll of analysts showed on Tuesday, but some experts expect…

Greece Warns Shipping Lanes Not Safe From Iran

Greece Warns Shipping Lanes Not Safe From Iran

May 30, 2022 at 16:34 | Charles Kennedy

The Greek government on Monday warned vessels to avoid any shipping routes controlled by Iran after Iranian forces seized two Greek-flagged oil tankers late last week in retaliation…

Mexico's Spend On Fuel Subsidy Is Double Its Oil Exports Revenue

Mexico's Spend On Fuel Subsidy Is Double Its Oil Exports Revenue

May 30, 2022 at 16:16 | Charles Kennedy

Mexico faces budget pressures as it now spends double the money on subsidizing domestic fuel to keep inflation in check than the money it receives from exporting oil, even at…

Gazprom Cuts Off Gas Supply To The Netherlands

Gazprom Cuts Off Gas Supply To The Netherlands

May 30, 2022 at 12:20 | Cyril Widdershoven

The threat of cutting off gas supplies, if not being paid in Rubles, is taking another casualty. Russian gas giant Gazprom has announced that it will stop gas supplies to…

Denmark Fully Prepared To Be Cut Off From Russian Gas

Denmark Fully Prepared To Be Cut Off From Russian Gas

May 30, 2022 at 11:04 | Charles Kennedy

Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn…

U.S. Gasoline Prices Surge To New Record High On Memorial Day

U.S. Gasoline Prices Surge To New Record High On Memorial Day

May 30, 2022 at 10:01 | Tsvetana Paraskova

U.S. gasoline prices hit a new all-time high on Memorial Day, the start of the summer driving season, with the national average exceeding $4.61 per gallon. On May 30, the…

Lukoil Exec: Russia Should Cut Oil Production By 30% To Get Higher Prices

Lukoil Exec: Russia Should Cut Oil Production By 30% To Get Higher Prices

May 30, 2022 at 09:51 | Tsvetana Paraskova

Russia should reduce its oil production by 20 to 30 percent to around 7 million bpd – 8 million bpd in order to get better prices and not have to…

Serbia Inks Three-Year Gas Deal With Russia

Serbia Inks Three-Year Gas Deal With Russia

May 30, 2022 at 09:13 | Irina Slav

While the European Union is scrambling to find ways to import less gas from Russia, Serbia has bucked the trend, with President Alexander Vucic announcing today a new three-year gas…

EU Set To Agree On Russia Oil Embargo With Pipeline Exemption: Report

EU Set To Agree On Russia Oil Embargo With Pipeline Exemption: Report

May 30, 2022 at 08:27 | Irina Slav

The European Union looks set to agree on an oil embargo against Russia that would exempt pipeline exports, Reuters has reported, citing a draft document to be discussed later…

One of Europe's Largest Gas Storage Sites Could Start The Winter Empty

One of Europe's Largest Gas Storage Sites Could Start The Winter Empty

May 27, 2022 at 15:48 | Tsvetana Paraskova

The Haidach gas storage site in Austria—one of central Europe's largest—may be unable to receive any natural gas ahead of next winter due to a lack of connections other than…

EU Could Exempt Pipeline Oil As It Seeks Deal On Russian Embargo

EU Could Exempt Pipeline Oil As It Seeks Deal On Russian Embargo

May 27, 2022 at 15:45 | Tsvetana Paraskova

The European Union is discussing the idea of temporarily exempting Russian oil supply via the Druzhba pipeline from a ban on imports of Russia's crude, as leaders are trying to…

Putin Assures Austria Gas Deliveries, Ready To Talk Prisoner Swap With Ukraine

Putin Assures Austria Gas Deliveries, Ready To Talk Prisoner Swap With Ukraine

May 27, 2022 at 13:57 | Julianne Geiger

Russian President Vladimir Putin reported to Austria on Friday that Russia would meet its natural gas delivery commitments and was ready to negotiate a prisoner swap with Ukraine,…

Europe's Largest LNG Unit Restarts

Europe's Largest LNG Unit Restarts

May 27, 2022 at 12:44 | Julianne Geiger

Equinor's Hammerfest LNG unit in Norway has been restarted after a September 2020 fire took it offline, the company reported on Friday. The unit is capable of producing 4.65 million…

U.S. Seizes Russian Tanker Full Of Iranian Crude Near Greece

U.S. Seizes Russian Tanker Full Of Iranian Crude Near Greece

May 27, 2022 at 12:01 | ZeroHedge

Fresh off of the US targeting a series of companies involved in an Iran-linked oil smuggling network, the US has now seized an…

British Energy Titans Tumble On Windfall Tax U-Turn

British Energy Titans Tumble On Windfall Tax U-Turn

May 27, 2022 at 11:24 | City A.M

London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was flat…

UK Oil Industry Threatens Investment Reconsideration

UK Oil Industry Threatens Investment Reconsideration

May 27, 2022 at 11:13 | Irina Slav

Some UK oil producers have suggested that the windfall tax announced yesterday by Chancellor Rishi Sunak could lead to a review of their investment plans for the North Sea. The…

G7 Calls On OPEC To Boost Oil Supply To Ease Tight Market

G7 Calls On OPEC To Boost Oil Supply To Ease Tight Market

May 27, 2022 at 10:23 | Charles Kennedy

The energy ministers of the world’s leading industrial nations on Friday urged OPEC to increase oil supply amid high oil prices that are hitting consumers and threatening an economic slowdown.…

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