The US government is expected…
Besides its important geo-strategic location,…
As Western nations are withdrawing…
The European Union is drafting contingency plans in case of natural gas supply interruptions, the Financial Times has reported, citing the European Commissioner for Energy, Kadri Simson. According to…
The United States announced that it will hold its first-ever wind power lease sales off the coast of California. The initial areas for offshore wind in the Pacific could bring…
U.S. refiners are operating at the highest operating rate since before the pandemic, but they are not expected to bring relief to the tight fuel market through major capacity expansions…
BP will review its oil and gas investments in the UK, the company said on Thursday, after UK Chancellor Rishi Sunak presented a plan earlier in the day that would…
Spain passed a decree this week limiting the use of air conditioning in public buildings as part of a strategy to conserve energy and reduce Europe’s dependence on Russian gas.…
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters…
Small tankers and ship-to-ship transfers are being used to keep the flow of Russian oil to China steady, Bloomberg reported this week, citing sources from the brokering industry. Typically,…
The European Union is in talks with Israel to start importing Israeli natural gas that would be liquefied at an Egyptian facility, Bloomberg has reported, citing documents. Israel has…
Washington has imposed sanctions on an oil smuggling network led by figures connected to Iran’s Revolutionary Guards and allegedly backed by the Russian government. “Today, the…
Two senior White House advisors on Tuesday met in secret with senior Saudi officials to discuss a deal to increase oil production, three current and former U.S. officials told Axios.…
A day after declaring a state of emergency, Hungarian leader Viktor Orban said on Wednesday that big companies operating in the country, including energy companies, would be forced…
The chances of the world powers reaching a deal with Iran on its nuclear activities that would pave the way toward the removal of the U.S. sanctions on Iranian oil…
Russia’s Arctic Yamal Trade Pet has declared force majeure on some liquefied natural gas cargoes contracted to a former Gazprom trading unit in Europe in accordance with the…
The European Union is considering the idea of a construction of an offshore gas pipeline between Spain and the Italian coast in Tuscany to reduce the EU’s reliance on Russian…
Hungary, the main holdout to the EU reaching an agreement on an embargo of Russian oil imports, is unwilling to discuss the potential ban at the EU summit on May…
The value of Saudi Arabia’s oil exports soared by 123%, or by $16.7 billion, in March 2022 compared to the same month last year, the General Authority for Statistics of…
The G7 group of the world’s leading industrial nations will discuss the idea of phasing out coal by 2030 and decarbonizing their power generation by 2035 when energy and environment…
A U.S. federal government official is going to India to discuss U.S. sanctions on Russia and try to convince the Indian side to reduce its purchases of Russian oil, Reuters…
The American Petroleum Institute (API) reported a small build this week for crude oil of 567,000 barrels. The draw comes even as the Department of Energy released 6 million barrels…
The world's largest oil company, Saudi Aramco, cannot increase its oil production capacity any faster than it has already promised, the head of Saudi Aramco told Reuters on Tuesday on…