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China Is Winning The Race for Affordable EVs

China Is Winning The Race for Affordable EVs

While U.S. and European automakers…

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Renewable energy installations reached record…

News

Europe Buys Abu Dhabi Crude To Replace Russian Barrels

Europe Buys Abu Dhabi Crude To Replace Russian Barrels

Apr 25, 2022 at 11:52 | Charles Kennedy

Abu Dhabi crude is preparing to make its way to Europe for the first time in two years as the European Union seeks replacements for Russian oil, Reuters…

Norway Arrests Activists Chained To Russian Oil Tanker

Norway Arrests Activists Chained To Russian Oil Tanker

Apr 25, 2022 at 10:56 | Julianne Geiger

The authorities in Norway have arrested 20 activists who used small boats to keep a Russian oil tanker from unloading off Copenhagen on Monday.  The activists,…

Guyana Sells First Oil From New Platform To Exxon At $106 Per Barrel

Guyana Sells First Oil From New Platform To Exxon At $106 Per Barrel

Apr 25, 2022 at 10:50 | Tsvetana Paraskova

Guyana has sold a cargo of 1 million barrels of its newest crude to ExxonMobil for $106 per barrel, which was the first share for the government from the newly…

The Huge Environmental Impact Of Kyrgyzstan’s New “Eco-City”

The Huge Environmental Impact Of Kyrgyzstan’s New “Eco-City”

Apr 25, 2022 at 10:09 | RFE/RL staff

Kyrgyz officials say they have signed a contract with foreign investors to start building an "eco-city" near the picturesque shores of Lake Issyk-Kul in the country's north, despite…

Fire Breaks Out At Russian Oil Depot Close To Ukrainian Border

Fire Breaks Out At Russian Oil Depot Close To Ukrainian Border

Apr 25, 2022 at 09:16 | Charles Kennedy

An oil depot in Russia near the border with Ukraine caught fire early on Monday, and another site, a military one, was also on fire, Russian authorities and media

India’s Crude Oil Import Bill Doubles

India’s Crude Oil Import Bill Doubles

Apr 25, 2022 at 08:17 | Irina Slav

India’s crude oil import bill doubled in the financial year that ended on March 31, totaling $119 billion, The Hindu reported, citing data from the Petroleum Planning and Analysis…

U.S., EU Officials In Private Talks On Cutting Crude Imports From Russia

U.S., EU Officials In Private Talks On Cutting Crude Imports From Russia

Apr 25, 2022 at 07:59 | Julianne Geiger

Officials from the United States and the European Union are having private discussions about how the EU could cut crude oil imports from Russia in order to stop the flow…

Rystad: Oil Demand To Sink By 1.4 Million Bpd

Rystad: Oil Demand To Sink By 1.4 Million Bpd

Apr 22, 2022 at 15:40 | Julianne Geiger

Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss…

The Netherlands Plans To End Russian Oil And Gas Purchases By The End Of 2022

The Netherlands Plans To End Russian Oil And Gas Purchases By The End Of 2022

Apr 22, 2022 at 14:25 | Julianne Geiger

The Netherlands has a plan to end all purchases of Russian crude oil and natural gas by the end of the year, Dutch Prime Minister Mark Rutte told journalists at…

EU Can Pay for Russian Gas Without Violation Sanctions

EU Can Pay for Russian Gas Without Violation Sanctions

Apr 22, 2022 at 14:21 | Julianne Geiger

Companies in the EU may have discovered a way to pay for Russia’s gas in rubles without violating sanctions, the European Commission said on Friday. The companies would need to…

IEA Reveals Details Of 182.7 Million Barrel Oil Stocks Release

IEA Reveals Details Of 182.7 Million Barrel Oil Stocks Release

Apr 22, 2022 at 11:47 | Tsvetana Paraskova

Member countries of the International Energy Agency will be releasing a total of 182.7 million barrels of oil from emergency stocks over six months, of which 74 percent will come…

India’s Reliance Snaps Up 15 Million Barrels Of Cheap Russian Oil

India’s Reliance Snaps Up 15 Million Barrels Of Cheap Russian Oil

Apr 22, 2022 at 10:12 | Tsvetana Paraskova

Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday,…

DOE Awards Contracts For 30 Million Barrels From SPR Oil Release

DOE Awards Contracts For 30 Million Barrels From SPR Oil Release

Apr 22, 2022 at 09:35 | Charles Kennedy

The Department of Energy has awarded contracts for a total of 30 million barrels of crude oil to be released from the strategic petroleum reserve in a bid to pressure…

Some EU Members Ready To Veto Oil Embargo

Some EU Members Ready To Veto Oil Embargo

Apr 22, 2022 at 08:26 | Irina Slav

Some members of the European Union stand ready to veto any bloc-wide attempts to impose an oil embargo on Russia, Russia's TASS reported, citing an interview with the EU…

Yellen Warns EU About Banning Russian Oil

Yellen Warns EU About Banning Russian Oil

Apr 21, 2022 at 16:59 | Julianne Geiger

A full EU ban on Russian crude oil and gas imports could have unintended economic consequences for the United States and its Western allies, U.S. Treasury Secretary Janet Yellen told…

U.S. West Coast Imports More Gasoline Ahead Of Driving Season

U.S. West Coast Imports More Gasoline Ahead Of Driving Season

Apr 21, 2022 at 15:31 | Charles Kennedy

The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from 95,000 bpd in…

Exxon Could Withdraw Completely From Russia Within Two Months

Exxon Could Withdraw Completely From Russia Within Two Months

Apr 21, 2022 at 15:28 | Tsvetana Paraskova

U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters…

U.S. Administration Frees Up $385M To Help Households With Energy Bills

U.S. Administration Frees Up $385M To Help Households With Energy Bills

Apr 21, 2022 at 14:26 | Tsvetana Paraskova

The Biden Administration will release over $385 million to states to help Americans with their home energy costs through the Low Income Home Energy Assistance Program (LIHEAP), the White House…

India’s Coal Supply Shock Causes Major Power Outages

India’s Coal Supply Shock Causes Major Power Outages

Apr 21, 2022 at 12:55 | Charles Kennedy

The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due to a major…

Ukraine Pushes For Rerouting Of Nord Stream 1 Flows

Ukraine Pushes For Rerouting Of Nord Stream 1 Flows

Apr 21, 2022 at 11:14 | Irina Slav

Ukraine is lobbying with its Western allies for the redirection of Russian gas flows from the Nord Stream 1 pipeline to the pipeline that runs through its territory, Reuters has…

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