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News

Noway's Offshore Oil Workers Threaten To Strike

Noway's Offshore Oil Workers Threaten To Strike

Jun 07, 2022 at 13:54 | Julianne Geiger

About 11% of Norway's offshore oil workers have threatened to strike, according to labor union data cited by Reuters on Tuesday. Of Norway's 7.500 offshore oil and gas workers, about…

Environmentalists Challenge EU-Backed Gas Projects

Environmentalists Challenge EU-Backed Gas Projects

Jun 07, 2022 at 12:51 | Charles Kennedy

Several environmental campaign groups said on Tuesday that they are challenging the European Union over its support for 30 natural gas projects under a directive earlier this year to…

Premature Closure Of Houston Refinery Could Worsen The Fuel Crunch

Premature Closure Of Houston Refinery Could Worsen The Fuel Crunch

Jun 07, 2022 at 10:12 | Tsvetana Paraskova

U.S. refining capacity could take a hit from an earlier than planned closure of a major refinery in Houston, which could worsen the refining and fuel crunch in the country.…

U.S. Gasoline Prices Jump $0.30 In A Week To Fresh Record Of $4.92

U.S. Gasoline Prices Jump $0.30 In A Week To Fresh Record Of $4.92

Jun 07, 2022 at 08:23 | Tsvetana Paraskova

U.S. gasoline prices continue to surge, jumping by $0.30 a gallon in just one week to a new national average all-time high of $4.919 on Tuesday. Diesel prices also set…

Japan Asks People And Firms To Save Electricity To Avoid Blackouts

Japan Asks People And Firms To Save Electricity To Avoid Blackouts

Jun 07, 2022 at 08:21 | Tsvetana Paraskova

Japan on Tuesday called on households and companies to conserve as much electricity as possible this summer, seeking to prevent blackouts as spare reserve capacity is expected to drop…

Saudi Economy Reaps Benefits Of Higher Oil Prices

Saudi Economy Reaps Benefits Of Higher Oil Prices

Jun 07, 2022 at 07:34 | Irina Slav

Saudi Arabia booked an almost 10-percent expansion of its GDP over the first quarter of the year thanks to the sustained rally in oil prices, according to official data. At…

Natural Gas Futures Hit 13-Year High As Traders Expect

Natural Gas Futures Hit 13-Year High As Traders Expect "Blistering Hot Summer"

Jun 06, 2022 at 16:09 | Tom Kool

Natural gas futures have hit an 13-year high on higher temperatures to come in the next week combined with lower production levels.  On Monday, Henry Hub…

Russia’s Oil Export Earnings Set To Decline On Heavily Discounted Urals

Russia’s Oil Export Earnings Set To Decline On Heavily Discounted Urals

Jun 06, 2022 at 14:59 | Charles Kennedy

While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new…

Russia Sanctions U.S. Energy Secretary

Russia Sanctions U.S. Energy Secretary

Jun 06, 2022 at 14:24 | Charles Kennedy

The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax…

More Iranian Crude May Be Coming To World Markets

More Iranian Crude May Be Coming To World Markets

Jun 06, 2022 at 13:34 | Irina Slav

The U.S. may relax its sanction pressure on Tehran to allow more Iranian oil barrels to enter the global market, the head of Asian operations at Vitol, Mike Muller,

Kurdistan Defies Iraq's Federal Court Ruling On Oil Resources

Kurdistan Defies Iraq's Federal Court Ruling On Oil Resources

Jun 06, 2022 at 12:48 | Tsvetana Paraskova

Kurdistan and the federal government of Iraq continue their feud over who will oversee oil production in the semi-autonomous Iraqi region, with Kurdistan rejecting this weekend a ruling from Iraq's…

Biden To Waive Tariffs On Some Solar Panel Imports To Boost Stalled Projects

Biden To Waive Tariffs On Some Solar Panel Imports To Boost Stalled Projects

Jun 06, 2022 at 11:24 | Tsvetana Paraskova

U.S. President Joe Biden is expected to announce on Monday a two-year pause in import tariffs on solar panels manufactured in Southeast Asia in an attempt to kickstart the American…

U.S. Gasoline Prices Jump To New Record Of Over $4.80 Per Gallon

U.S. Gasoline Prices Jump To New Record Of Over $4.80 Per Gallon

Jun 06, 2022 at 11:06 | Tsvetana Paraskova

U.S. gasoline prices surged by as much as $0.26 in just one week to hit over $4.80 per gallon on Monday as inventories continue to drop and refinery capacity…

Kazakhstan Could Be Forced To Halt Gas Exports In 2023

Kazakhstan Could Be Forced To Halt Gas Exports In 2023

Jun 06, 2022 at 10:55 | Charles Kennedy

The head of Kazakhstan’s national gas company sounded the alarm bells Monday over a looming energy crisis, suggesting that the country may be forced to halt gas exports…

India Seeks Even More Russian Oil

India Seeks Even More Russian Oil

Jun 06, 2022 at 10:07 | Tsvetana Paraskova

India’s demand for cheap Russian crude is insatiable as some of the largest Indian refiners are looking to negotiate six-month supply deals with Russia’s oil giant Rosneft at a time…

Ukraine Accuses Russia Of Looting Grain To Sell Elsewhere

Ukraine Accuses Russia Of Looting Grain To Sell Elsewhere

Jun 06, 2022 at 10:02 | RFE/RL staff

Ukraine's harvested crops risk rotting in silos or ships after Russia's February invasion, triggering fears of worsening global hunger. Before the war, Ukraine exported more than…

Libya’s Biggest Oilfield Resumes Production

Libya’s Biggest Oilfield Resumes Production

Jun 06, 2022 at 09:29 | Tsvetana Paraskova

Libya’s largest oilfield, Sharara, restarted oil production this weekend following weeks of shutdown over protests, sources in Libya told Argus on Monday. Sharara, with a capacity to pump 300,000…

U.S. To Ease Venezuela Oil Restrictions For Europe: Report

U.S. To Ease Venezuela Oil Restrictions For Europe: Report

Jun 06, 2022 at 07:52 | Irina Slav

Italy’s Eni and Spain’s Repsol will get the green light to start shipping Venezuelan crude to Europe from next month, Reuters has reported, citing five unnamed sources in the…

U.S. Increases Biofuel Blending Requirements

U.S. Increases Biofuel Blending Requirements

Jun 03, 2022 at 17:15 | Julianne Geiger

The EPA finalized U.S. biofuel blending requirements for 2020, 2021, and 2022, according to Bloomberg sources familiar with the plan. Laying out what is known as the Renewable Fuel Standard,…

Qatar LNG Output Falls As Desperate Market In Crisis Begs For More

Qatar LNG Output Falls As Desperate Market In Crisis Begs For More

Jun 03, 2022 at 13:20 | Julianne Geiger

LNG production in Qatar has fallen this year, even with increased calls for the fuel amid an energy crisis in Europe as the bloc attempts to wean itself off Russian…

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