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Energy

Russia’s Budget Deficit Jumps Amid Plunging Oil Revenues

Feb 07, 2023 at 11:55 | Charles Kennedy

Russia’s budget was $24.7 billion (1.76 trillion rubles) into deficit in January, compared to a surplus for January 2022, as state revenues from oil and gas plunged by 46.4% due…

Key Chinese Middle Eastern Hub Switches Gas Supplies To Europe

Feb 07, 2023 at 11:26 | Simon Watkins

  Russia’s failure to achieve a quick military victory in Ukraine as most people thought likely at the outset of its invasion has weakened its own geopolitical position…

Energy, Metals Investments To Boom In 2023

Feb 07, 2023 at 11:09 | Tsvetana Paraskova

Increased efforts to accelerate the energy transition and ensure energy security are driving a new upcycle in investment in the supply of oil, natural gas, renewable power generation,…

Beijing Could Ban Key Exports To Solidify Solar Dominance

Feb 07, 2023 at 09:54 | Alex Kimani

With China now leading the world in clean energy investments, accounting for nearly half of the $1.1 trillion that poured into the sector…

Colombia’s OIl Exploration Ban Could Crush Its Economy

Feb 07, 2023 at 09:44 | Matthew Smith

The future of Colombia’s battered oil industry is once again in doubt. The plans of the strife-torn country’s first leftwing President Gustavo Petro, who was inaugurated in August…

Russia And India Boost Energy Ties

Feb 07, 2023 at 09:40 | Charles Kennedy

The top executives at the largest Russian energy firms are attending the India Energy Week summit this week, signaling that Russia and India are bolstering their energy ties now that…

Russia’s Far East Has Become Crucial For China’s Energy Ambitions

Feb 07, 2023 at 09:35 | The Jamestown Foundation

On December 21, 2022, Russian President Vladimir Putin took part, via videoconference, in the commissioning ceremony for the Kovykta gas field, the largest in Eastern Siberia (

How Europe Can Regain Its Role As A Clean Energy Leader

Feb 07, 2023 at 09:27 | Rystad Energy

Governments and institutions around the globe are seeking immediate fixes and long-term solutions to the ongoing energy crisis, exacerbated by the ongoing war between Russia and Ukraine. Mainland…

BP Pivots On Climate Promises

Feb 07, 2023 at 08:37 | City A.M

BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces over the current decade to meet global demand.

Oil Prices Climb Despite Underwhelming Chinese Demand

Feb 07, 2023 at 08:33 | Michael Kern

Despite a relatively underwhelming rebound in Chinese demand, oil prices were pushed higher at the start of this week by the embargo on Russian oil products and the earthquake in…

Iran’s Natural Gas Ambitions Face A Tough Geopolitical Reality

Feb 06, 2023 at 10:57 | RFE/RL staff

As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of…

U.S. Gasoline Prices See First Weekly Fall Of The Year

Feb 06, 2023 at 10:55 | Julianne Geiger

The average price for a gallon of gasoline in the United States saw a weekly fall for the first time this year, GasBuddy said in a Monday note, to $3.44…

Will OPEC+ Abandon Its Output Cuts Amid Soaring Chinese Demand?

Feb 06, 2023 at 10:42 | Tsvetana Paraskova

A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA). …

Has Saudi Arabia’s Relationship With Russia Reached Its Limits?

Feb 06, 2023 at 10:24 | Simon Watkins

To many dedicated oil market watchers, last week’s decision by ‘OPEC+’ (the Saudi Arabia-led OPEC group of countries ‘plus’ Russia) to stick to its previously agreed oil production…

The EU Is Falling Behind In EV And AI Developments

Feb 06, 2023 at 09:07 | ZeroHedge

Let's discuss why the EU lags on artificial intelligence, electric vehicles, cloud storage, phone technology, and nearly everything else... Eurointelligence comments, “Europe is Losing the…

Why The White House Is Wrong About Oil Major Share Buybacks

Feb 06, 2023 at 08:31 | Robert Rapier

In late January Chevron announced fourth quarter and full year 2022 results. Chevron earned a record $36.5 billion profit in 2022, more than doubling 2021 earnings. In addition, Chevron increased…

OPEC Secretary General: OPEC+ Deserves Credit For Oil Market Stability

Feb 06, 2023 at 03:51 | Tsvetana Paraskova

The OPEC+ group deserves to be given credit for the way it has handled oil market stability in recent months, OPEC Secretary General Haitham told Reuters on Monday. “Due…

U.S. Drilling Activity Continues To Slow

Feb 03, 2023 at 12:13 | Julianne Geiger

The total number of total active drilling rigs in the United States fell 12 this week, according to new data from Baker Hughes published on Friday. The total rig count…

The EU Needs More Diesel, But The Middle East Can’t Supply It All

Feb 03, 2023 at 11:31 | Tsvetana Paraskova

Europe has raised its imports of fuels from the Middle East and the United States in preparation for the EU ban on seaborne imports of Russian refined petroleum…

How Bulgaria Became The World's Third-Largest Buyer Of Russian Oil

Feb 03, 2023 at 11:14 | The Jamestown Foundation

The prolonged political instability in Bulgaria will continue to impact critical energy security decisions and maintain the country’s status as Russia’s best client in Europe. Bulgaria, currently the…

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