When the illusion of unending…
The South Caucasus region faces…
Central Asia is emerging as…
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…
Refiners in Europe have significantly raised purchases of North Sea crude grades in recent weeks as they look to replace as much Russian crude as soon as possible, ship-tracking data…
Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increasing production in line with demand, RBC…
Russia's state gas major Gazprom has suspended the deliveries of natural gas to Poland and Bulgaria, according to Polish and Bulgarian sources. Russia's Vedomosti reported that a source…
ExxonMobil has increased its estimate of the gross discovered recoverable resource estimate for its Stabroek Block in offshore Guyana to 11 billion oil-equivalent barrels
Global commodities giant Trafigura confirmed today that it will stop all crude oil purchases from Russian state-backed Rosneft by May 15th. It is the latest commodities trader to cut ties…
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 4.784 million barrels, compared to analyst predictions of a much smaller 600.000 barrel build. U.S.…
Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is…
Poland announced on Tuesday that it was preparing to impose sanctions on 50 Russian oligarchs and companies, as Polish media report that Russia has stopped gas deliveries to…
A pipeline that Kazakhstan uses to export most of its oil began operating at full capacity over the weekend, one month after key offloading infrastructure was allegedly damaged…
Several Russian oligarchs, who have either worked at energy firms or amassed their fortune from oil and gas, have been found dead in suspicious circumstances, not only in Russia but…
Steel prices for hot-rolled coil in Europe have started to decline as end-users push back from earlier offers. Meanwhile, benchmark iron ore prices in China dropped, due to…