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The Making of a Russo-African Iron Curtain

The Making of a Russo-African Iron Curtain

As Western nations are withdrawing…

WTI Finds Support After Sell Off Suddenly Halts

WTI Finds Support After Sell Off Suddenly Halts

WTI crude found resistance at…

News

Germany May Consider Lifting Its Ban On Fracking Amid Energy Crisis

Germany May Consider Lifting Its Ban On Fracking Amid Energy Crisis

Aug 09, 2022 at 13:47 | Charles Kennedy

Debates in Germany have resurfaced over whether Europe's biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe and Mail reports.  Fracking…

UK Plans On Power Outages This Winter

UK Plans On Power Outages This Winter

Aug 09, 2022 at 13:00 | Julianne Geiger

The UK is planning on running short on natural gas this coming winter, resulting in blackouts, according to Bloomberg sources familiar with the government’s plans—even with emergency coal-fired power plants…

Most U.S. Oil And Gas Firms At Risk Of Cyberattack: Study

Most U.S. Oil And Gas Firms At Risk Of Cyberattack: Study

Aug 09, 2022 at 11:21 | Charles Kennedy

Most U.S. oil and gas firms are exposed to risks of a cyber breach, a new study by cyber risk rating and monitoring company BreachBits showed on Tuesday. The…

UK’s Centrica Signs $8.5B Long-Term Deal To Import U.S. LNG  

UK’s Centrica Signs $8.5B Long-Term Deal To Import U.S. LNG  

Aug 09, 2022 at 11:16 | Tsvetana Paraskova

Centrica, the owner of British Gas, has signed a heads of agreement with U.S. firm Delfin Midstream to import LNG starting in 2026 from a planned floating LNG export facility…

German Energy Regulator Says Gas Conservation Could Work

German Energy Regulator Says Gas Conservation Could Work

Aug 09, 2022 at 10:33 | Irina Slav

The recently approved mechanism for reducing gas consumption across the European Union could stabilize energy prices and maybe even lower them, said the head of Germany's Federal Network Agency, the…

U.S. Solar Industry Faces New Wave Of Disruptions

U.S. Solar Industry Faces New Wave Of Disruptions

Aug 09, 2022 at 09:46 | Tsvetana Paraskova

The U.S. solar industry faces a new wave of disruptions in the supply chain this year after the U.S. act on banning products manufactured using forced labor in China’s Xinjiang…

Buffett Boosts Oxy Stake Above 20%

Buffett Boosts Oxy Stake Above 20%

Aug 09, 2022 at 09:31 | Irina Slav

Warren Buffett’s Berkshire Hathaway has raised its stake in Occidental Petroleum further, pushing it above 20 percent, Reuters has reported, giving the investment company the opportunity to boost its…

Russia Halts Oil Pipeline Exports To Europe Via Ukraine

Russia Halts Oil Pipeline Exports To Europe Via Ukraine

Aug 09, 2022 at 08:07 | Tsvetana Paraskova

Russian oil exports through the Druzhba pipeline via Ukraine were suspended in early August due to a problem with transit fee payments, Russian news agency Interfax reported on Tuesday,…

Third Oil Tank Catches Fire In Massive Fire In Cuba

Third Oil Tank Catches Fire In Massive Fire In Cuba

Aug 08, 2022 at 17:46 | Charles Kennedy

The massive fire at a Cuban oil storage facility started by a lightning strike on Friday has now spread to a third storage tank as firefighters from three…

Iran Nuclear Talks End With ‘Final Text’, No Agreement

Iran Nuclear Talks End With ‘Final Text’, No Agreement

Aug 08, 2022 at 17:41 | Charles Kennedy

Talks to revive the 2015 nuclear deal with Iran ended in Vienna on Monday, with a final draft that, if agreed upon by all parties, will see a…

Russia’s Spot Crude Prices Rebound As China And India Snap Up Cargoes

Russia’s Spot Crude Prices Rebound As China And India Snap Up Cargoes

Aug 08, 2022 at 17:39 | Charles Kennedy

Russia’s ESPO crude blend shipped to Asia has recently seen spot deals at parity with Middle Eastern benchmarks in a sign that the export grade Russia is shipping out of…

Shell: UK North Sea Needs Investments In New Oil And Gas Projects

Shell: UK North Sea Needs Investments In New Oil And Gas Projects

Aug 08, 2022 at 13:32 | Tsvetana Paraskova

The UK North Sea oil and gas sector needs more investments in new developments as Britain will need domestic fossil fuel resources, Shell’s UK head of upstream Simon Roddy told…

Analyst: Oil To Hit $120 Again By Winter

Analyst: Oil To Hit $120 Again By Winter

Aug 08, 2022 at 13:30 | Charles Kennedy

While oil and gas prices may continue to weaken in the near term, by the time winter sets in, the market is going to become extremely tight and…

Britons Advised To Stop Showering To Conserve Energy

Britons Advised To Stop Showering To Conserve Energy

Aug 08, 2022 at 11:10 | Charles Kennedy

Water utilities in the UK are advising customers to save water and energy by using damp towels or spray bottles instead of taking showers during a heatwave and drought this…

China’s Oil Processing Could Slow Amid Teapot Tax Probe

China’s Oil Processing Could Slow Amid Teapot Tax Probe

Aug 08, 2022 at 10:03 | Tsvetana Paraskova

Chinese authorities plan to launch a new round of tax probes on private refiners, the so-called teapots, sources in the refining industry told Reuters on Monday, in what could…

IAEA Sees

IAEA Sees "Very Real Risk Of A Nuclear Disaster" In Ukraine

Aug 08, 2022 at 09:19 | Irina Slav

The head of the International Atomic Energy Agency, Rafael Mariano Grossi, has warned that there is a "very real risk of a nuclear disaster" due to the situation around the…

Senate Democrats Pass Climate Bill

Senate Democrats Pass Climate Bill

Aug 08, 2022 at 08:16 | Charles Kennedy

Senate Democrats on Sunday narrowly passed the $740-billion Inflation Reduction Act, announced earlier this month by Senator Joe Manchin and Senate Majority Leader Chuck Schumer. The Senate vote was…

Turkey Agrees To Pay For Russian Gas With Rubles

Turkey Agrees To Pay For Russian Gas With Rubles

Aug 05, 2022 at 17:59 | Julianne Geiger

Turkey’s President Tayyip Erdogan and Russia’s President Vladimir Putin agreed on Friday to bolster cooperation after a four-hour meeting, a joint statement from the two nations has revealed as cited…

Russian Refinery Returns To Operations After Drone Strike

Russian Refinery Returns To Operations After Drone Strike

Aug 05, 2022 at 14:56 | Julianne Geiger

Russia’s oil refinery that was struck by drones in June has resumed full operations, Interfax said on Friday, citing authorities. Russia’s Novoshakhtinsk oil refinery, located in the Rostov…

Tullow Comes Up Empty In Guyana Offshore Oil Well

Tullow Comes Up Empty In Guyana Offshore Oil Well

Aug 05, 2022 at 11:41 | Charles Kennedy

UK-listed Tullow Oil failed to find oil at yet another well offshore Guyana in what could be its final well drilled in the region where Exxon has found billions of…

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