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News

Russia’s Oil Exports Nosedive Following Price Cap

Russia’s Oil Exports Nosedive Following Price Cap

Dec 07, 2022 at 13:06 | Alex Kimani

Russian crude-oil exports have taken a serious hit since new sanctions and a price cap came into force earlier in the week, with…

India Prepares To Increase Natural Gas Imports

India Prepares To Increase Natural Gas Imports

Dec 07, 2022 at 13:00 | Julianne Geiger

India has asked its state-run firms to increase their natural gas imports to stave off shortages next summer, three government sources told Reuters on Wednesday. The move will place an…

Mining Giant Glencore Sees Huge Deficit In Copper Coming

Mining Giant Glencore Sees Huge Deficit In Copper Coming

Dec 07, 2022 at 12:31 | Charles Kennedy

A huge shortage of copper is looming, mining and commodities giant Glencore said in an investor update this week, reiterating warnings from other industry players and analysts that a…

Saudi Arabia Vows To Stick With China As An Energy Partner

Saudi Arabia Vows To Stick With China As An Energy Partner

Dec 07, 2022 at 12:19 | Charles Kennedy

Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday that Saudi Arabia will remain a trusted and reliable energy partner for China, state news agency SPA has…

New Mexico Will Overtake Mexico’s Crude Oil Output This Month

New Mexico Will Overtake Mexico’s Crude Oil Output This Month

Dec 07, 2022 at 11:02 | Alex Kimani

New Mexico is set to overtake Mexico’s crude oil production in the current month. That’s what commodity analysts at Standard Chartered have projected in a new report obtained…

EU Proposes Stricter Rules On Derivatives As Energy Firms Face Liquidity Issues

EU Proposes Stricter Rules On Derivatives As Energy Firms Face Liquidity Issues

Dec 07, 2022 at 09:58 | Charles Kennedy

The European Commission proposed on Wednesday stricter rules on the EU commodity derivatives markets, after the spike in prices led to liquidity issues at some energy companies using the…

U.S., UK Launch Partnership To Boost Energy Security And Lower Prices

U.S., UK Launch Partnership To Boost Energy Security And Lower Prices

Dec 07, 2022 at 08:38 | Tsvetana Paraskova

The United States and the UK announced on Wednesday a new energy partnership in which they will work together to bring global energy prices down and boost energy security.…

Uzbekistan Tightens Relations With Turkey With New Freight Route

Uzbekistan Tightens Relations With Turkey With New Freight Route

Dec 07, 2022 at 08:25 | Eurasianet

An inaugural freight train carrying goods from Turkey’s western Mediterranean shores to the heart of Uzbekistan arrived at its destination in Tashkent over the weekend, the Uzbek state-run…

Apple Delays Self-Driving Car Until 2026

Apple Delays Self-Driving Car Until 2026

Dec 07, 2022 at 08:21 | ZeroHedge

Apple Inc. has postponed the target launch of its self-driving car by about a year to 2026, Bloomberg reports, citing people familiar with…

Russia Expresses Concern Over Oil Tanker Jam Offshore Turkey

Russia Expresses Concern Over Oil Tanker Jam Offshore Turkey

Dec 07, 2022 at 07:32 | Tsvetana Paraskova

Russia is discussing the traffic jam of oil tankers off Turkey’s coasts with shipping and insurance companies as it is concerned that the situation will affect its operators, Russia’s Deputy…

U.S. Judge Dismisses Murder Case Against Saudi Crown Prince

U.S. Judge Dismisses Murder Case Against Saudi Crown Prince

Dec 07, 2022 at 01:46 | Charles Kennedy

A U.S. judge has dismissed a case against the Saudi Crown Prince Mohammed bin Salman on the grounds that he has been granted immunity from prosecution by the Biden administration.…

Tensions Rise Over Oil Tanker Traffic Jam In Turkish Waters

Tensions Rise Over Oil Tanker Traffic Jam In Turkish Waters

Dec 07, 2022 at 01:15 | Irina Slav

Tankers carrying largely Kazakh crude oil from Russian ports to international markets are stuck in Turkish waters in the Bosphorus and the Dardanelles because Turkey is insisting on them presenting…

U.S. Crude Oil Inventories Continue To Crash, While Products Build

U.S. Crude Oil Inventories Continue To Crash, While Products Build

Dec 06, 2022 at 19:58 | Julianne Geiger

Crude oil inventories dropped for the fourth week in a row this week, by 6.426 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 7.85 million barrels in…

U.S. Power Use To Hit Record This Year: EIA

U.S. Power Use To Hit Record This Year: EIA

Dec 06, 2022 at 15:06 | Julianne Geiger

U.S. power usage is set to hit a new high this year due to increased economic activity and a particularly hot summer, the U.S. Energy Information Administration said on Tuesday.…

Italy’s Transport Minister Asks EU To Stop ICE Vehicle Ban

Italy’s Transport Minister Asks EU To Stop ICE Vehicle Ban

Dec 06, 2022 at 14:51 | Julianne Geiger

Italy’s Transport Minister Matteo Salvini has asked the EU Commission’s Transport Commissioner and his French and German counterparts to review the ban on ICE vehicle sales that is set…

Russia Considers A Crude Oil Price Floor

Russia Considers A Crude Oil Price Floor

Dec 06, 2022 at 12:19 | Julianne Geiger

The G7’s oil price cap may have went into effect on Monday, but Russia’s response is to consider putting a “price floor” under its crude oil exports, two officials familiar…

Engie Boss: Europe Can Avoid Gas Shortage For Two Winters

Engie Boss: Europe Can Avoid Gas Shortage For Two Winters

Dec 06, 2022 at 09:28 | Josh Owens

Rising supply of non-Russian gas and lower demand will likely help Europe go through this winter, and the winter after that without devastating shortages of gas, the top…

France To Ban Several Domestic Flights In Emissions Reduction Push

France To Ban Several Domestic Flights In Emissions Reduction Push

Dec 06, 2022 at 08:33 | ZeroHedge

France is banning short-haul domestic flights when there is a regular and frequent train option that takes less than two and a half hours, after a…

EU And Balkan Leaders Meet To Discuss Trade And Security

EU And Balkan Leaders Meet To Discuss Trade And Security

Dec 06, 2022 at 08:25 | RFE/RL staff

EU leaders and their Western Balkan counterparts have gathered in the Albanian capital, Tirana, for talks aimed at boosting their partnership amid Russia's invasion of Ukraine.

EU Natural Gas Prices Climb As Cold Front Sparks Surge In Demand

EU Natural Gas Prices Climb As Cold Front Sparks Surge In Demand

Dec 06, 2022 at 08:20 | ZeroHedge

After an above-average autumn in Europe, winter weather has finally arrived.  Ahead of the cold blast, we said on November 22 that "Europe's…

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