• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 2 days What China is Learning from Russia's War in Ukraine and its Consequences
  • 10 hours Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 8 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 4 days Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
Editorial Dept

Editorial Dept

More Info

Premium Content

Europe's Energy Crisis To Worsen This Winter

Geopolitics ExxonMobil and Qatar Petroleum are several weeks away from a resumption of exploratory drilling offshore Cyprus, while French Total SA and Italian Eni are set to resume drilling in the same area in H1 2022. This drilling update coming from the Cypriot government prompted a retaliatory statement from Turkey, with Ankara - which contests waters in the area that overlap its continental shelf and fall offshore Turkish Cyprus - saying it would not be deterred from drilling nearby in contested waters. Statements like this will make investors in these Western drillers nervous, given a prior incident in 2018 when Turkish warships impeded Eni’s drillship from exploring.  Following a historically shocking detente between Israel and the UAE last year, and the signing of agreements for major energy deals shortly afterward, one of the biggest Israeli-UAE deals is now being questioned. This week, Israel’s energy minister called for the cancellation of his country’s oil pipeline deal with UAE investors, citing environmental concerns. This reflects the uneasiness, particularly within Israel, and the political backlash is now being felt, which in turn could upset diplomatic progress.  In retaliation for Poland’s harboring of “dissidents”, Belarus restricted flows through a Russian oil pipeline to Poland. There is also speculation that Belarus is “weaponizing” migrants positioned on the border attempting to enter…




Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News