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Weak Diesel Prices Reflect Global Economic Slowdown

Weak Diesel Prices Reflect Global Economic Slowdown

Diesel fuel production has ramped…

Energy Efficiency is Critical for a Sustainable Future

Energy Efficiency is Critical for a Sustainable Future

Governments must prioritize energy efficiency…

News

TotalEnergies To Boost LNG Capacity At Louisiana Project

TotalEnergies To Boost LNG Capacity At Louisiana Project

Apr 11, 2022 at 13:46 | Tsvetana Paraskova

TotalEnergies plans to raise the production capacity of the Cameron LNG plant in Louisiana in the United States, the French supermajor said on Monday, as the U.S. is looking…

Russian Oil Exports Rebound, But Struggle To Find Buyers Outside Asia

Russian Oil Exports Rebound, But Struggle To Find Buyers Outside Asia

Apr 11, 2022 at 13:38 | Tsvetana Paraskova

Russia’s shipments of crude oil rebounded in the first full week of April to the highest level so far this year, although some cargoes are set on longer-than-usual voyages toward…

Ineos Wants To Show UK Fracking Can Be Safe

Ineos Wants To Show UK Fracking Can Be Safe

Apr 11, 2022 at 09:10 | Irina Slav

Energy independent Ineos, one of the largest oil and gas operators in the North Sea, has asked the UK government for a license to develop a fracking test site in…

Americans Blame Big Oil, Putin For High Gas Prices

Americans Blame Big Oil, Putin For High Gas Prices

Apr 11, 2022 at 08:50 | Charles Kennedy

Russian President Vladimir Putin and the oil industry are the ones to blame for high prices at the pump, according to a survey by Ipsos and ABC News. The…

Ukraine Warns Russian Troops Could Disrupt Gas Flows To Europe

Ukraine Warns Russian Troops Could Disrupt Gas Flows To Europe

Apr 11, 2022 at 08:03 | Charles Kennedy

Russia and Russia-affiliated armed groups in the eastern Ukrainian region of Luhansk are disrupting operations at a key compressor station through which one-third of Russian gas supply to Europe via…

Gasoline Subsidy To Cost Nigeria 10 Times More Than Budgeted

Gasoline Subsidy To Cost Nigeria 10 Times More Than Budgeted

Apr 08, 2022 at 14:02 | Julianne Geiger

The rising cost of crude oil will increase the cost of Nigeria’s gasoline subsidy by nearly ten times what it had originally budgeted, Nigeria’s President Muhammadu Buhari said in a…

Nigeria Says OPEC Is Out of Spare Capacity

Nigeria Says OPEC Is Out of Spare Capacity

Apr 08, 2022 at 13:59 | Tsvetana Paraskova

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre Sylva told Anadolu Agency on…

Germany Looks To Avoid Insolvency Of Local Gazprom Unit

Germany Looks To Avoid Insolvency Of Local Gazprom Unit

Apr 08, 2022 at 13:43 | Charles Kennedy

The German federal network regulator has urged the customers, partners, and banks working with the German unit of Russian gas giant Gazprom to keep doing business with the company so…

NATO Agrees To Send More Modern Weapons To Ukraine

NATO Agrees To Send More Modern Weapons To Ukraine

Apr 08, 2022 at 10:24 | City A.M

As NATO foreign ministers met in the Belgian capital of Brussels to hear the demands from Ukraine for more equipment, they agreed to arm Kyiv to the teeth…

EU Will Not Discuss Russian Oil Ban At Next Meeting

EU Will Not Discuss Russian Oil Ban At Next Meeting

Apr 08, 2022 at 10:20 | Tsvetana Paraskova

The foreign ministers of the European Union member states are not expected to formally discuss an embargo on Russian oil at their meeting on Monday, a senior diplomat working for…

EU Adopts Ban On Russian Coal Imports

EU Adopts Ban On Russian Coal Imports

Apr 08, 2022 at 08:19 | Tsvetana Paraskova

The European Union is imposing a ban on imports of coal and other solid fossil fuels from Russia as of August 2022 as part of the fifth round of EU…

Mexico Court Rules In Favor of Government's Energy Reform

Mexico Court Rules In Favor of Government's Energy Reform

Apr 08, 2022 at 07:56 | Charles Kennedy

A Mexican court overturned a bid seeking to cancel the energy industry reform pushed by the Mexican government under the leadership of President Andres Manuel Lopez Obrador. According to a…

U.S. Congress Bans Imports Of Russian Crude Oil

U.S. Congress Bans Imports Of Russian Crude Oil

Apr 07, 2022 at 16:17 | Julianne Geiger

The United States Congress voted to ban the import of Russian crude oil, and to suspend normal trade relations with Russia, as the United States moves to increase its pressure…

Russia Sees Steepest Oil Production Decline Since May 2020 In Early April

Russia Sees Steepest Oil Production Decline Since May 2020 In Early April

Apr 07, 2022 at 14:18 | Charles Kennedy

Russian oil production fell in the first week of April by 4.5 percent compared to the March average—the steepest decline in output since May 2020, according to Russia’s energy ministry…

U.S. Doesn’t See EastMed Pipeline As Viable Alternative To Russian Gas

U.S. Doesn’t See EastMed Pipeline As Viable Alternative To Russian Gas

Apr 07, 2022 at 13:30 | Charles Kennedy

A planned pipeline to carry natural gas from the Eastern Mediterranean to Europe is too expensive to build and will be late to help Europe diversify its gas supply away…

Canada To Use High Oil Revenues For Climate Programs

Canada To Use High Oil Revenues For Climate Programs

Apr 07, 2022 at 11:35 | Tsvetana Paraskova

Canada's federal government is expected to unveil on Thursday a budget that would channel the recent windfall from skyrocketing energy prices toward new spending on programs, including on climate.  …

U.S. Gas Firms Meet With European Buyers

U.S. Gas Firms Meet With European Buyers

Apr 07, 2022 at 10:26 | Irina Slav

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made…

Canada Greenlights Controversial $12 Billion Deepwater Oil Project

Canada Greenlights Controversial $12 Billion Deepwater Oil Project

Apr 07, 2022 at 09:06 | Irina Slav

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the…

WTI Crude Falls 5% As IEA Agrees To 120 Million Barrel SPR Release

WTI Crude Falls 5% As IEA Agrees To 120 Million Barrel SPR Release

Apr 06, 2022 at 14:41 | Julianne Geiger

The members of the International Energy Agency (IEA) have agreed to release 120 million barrels of crude oil, according to Bloomberg. But 60 million barrels of that 120 million has…

U.S. LNG Exporter Signs Another Long-Term Deal With China

U.S. LNG Exporter Signs Another Long-Term Deal With China

Apr 06, 2022 at 13:59 | Charles Kennedy

NextDecade Corporation signed on Wednesday another long-term agreement for a U.S. exporter to sell liquefied natural gas (LNG) to China in the most recent deal between American and Chinese firms.…

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