Trump's two primary campaign promises,…
The U.S. has reimposed sanctions…
Aviation companies are exploring the…
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…
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 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…
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…
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 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…
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 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 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…
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…
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…
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…
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…
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…
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,…
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…
Fresh off of the US targeting a series of companies involved in an Iran-linked oil smuggling network, the US has now seized an…
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…
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…
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.…