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News

Bipartisan Deal Reached For Russian Energy Ban

Bipartisan Deal Reached For Russian Energy Ban

Mar 07, 2022 at 16:42 | Julianne Geiger

A U.S. or full-on Western energy ban on Russian oil and gas is now one step closer to fruition, as Democrats and Republicans reach a bipartisan deal that…

Russia Threatens To Cut Off Flow Of Nordstream 1 Pipeline

Russia Threatens To Cut Off Flow Of Nordstream 1 Pipeline

Mar 07, 2022 at 15:19 | Julianne Geiger

Russia’s Deputy Prime Minister Alexander Novak on Monday has said that Russia could cut natural gas supplies to Germany via the Nord Stream 1 pipeline. “In connection with unfounded accusations…

China Scrambles To Ensure Energy Security As Commodities Soar

China Scrambles To Ensure Energy Security As Commodities Soar

Mar 07, 2022 at 14:33 | Charles Kennedy

China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy security amid skyrocketing commodities prices,…

Traders Are Now Betting On $200 Oil By The End Of The Month

Traders Are Now Betting On $200 Oil By The End Of The Month

Mar 07, 2022 at 13:34 | Tsvetana Paraskova

When some options traders bet in September 2021 that oil could reach $200 a barrel oil by the end of this year, those headlines were mostly in the “oddly…

Libya Works To Lift Force Majeure At Key Oilfields

Libya Works To Lift Force Majeure At Key Oilfields

Mar 07, 2022 at 12:18 | Charles Kennedy

Libya’s largest oilfields could see a resumption of production after what the Libyan National Oil Company (NOC) called the “illicit” closure of crude pumping valves late last week,…

Occidental Petroleum Shares Climb As Buffett Buys In, Icahn Sells

Occidental Petroleum Shares Climb As Buffett Buys In, Icahn Sells

Mar 07, 2022 at 11:42 | ZeroHedge

Shares of Occidental Petroleum opened higher on Monday (although off their highs from overnight) after Warren Buffett's Berkshire Hathaway revealed over the weekend that it had purchased some 61 million…

Oil Prices Sink As Germany Takes A Stance Against Ban On Russian Crude

Oil Prices Sink As Germany Takes A Stance Against Ban On Russian Crude

Mar 07, 2022 at 10:21 | ZeroHedge

One day after we reported that Germany had warned against a ban on energy imports from Russia, quoting Germany's Economy Minister Robert Habeck who said "I would not advocate an embargo…

U.S. Oil Merger Talks Surface As WTI Reaches $120

U.S. Oil Merger Talks Surface As WTI Reaches $120

Mar 07, 2022 at 09:32 | Charles Kennedy

Shale oil producers Oasis Petroleum and Whiting Petroleum are nearing a deal to merge their operations, the Wall Street Journal has reported, citing people close to the negotiations. If…

U.S. Sends Delegation To Venezuela As It Mulls Over Russia Oil Import Ban

U.S. Sends Delegation To Venezuela As It Mulls Over Russia Oil Import Ban

Mar 07, 2022 at 08:02 | Irina Slav

The United States government has sent a group of officials to Caracas amid discussions of a ban on Russian oil imports. According to a Reuters report, the trip was…

Russia Threatens Departing Companies With Prosecution

Russia Threatens Departing Companies With Prosecution

Mar 04, 2022 at 14:48 | Charles Kennedy

Foreign companies, including energy firms, which are ditching Russia will be considered pushing their Russian subsidiaries to “deliberate bankruptcy,” which under Russian law includes criminal prosecution for top managers, Upstream…

Germans Support Sanctions On Russia Even If Energy Prices Soar

Germans Support Sanctions On Russia Even If Energy Prices Soar

Mar 04, 2022 at 14:38 | Charles Kennedy

Most Germans support sanctions against Russia over the invasion of Ukraine, even if the measures lead to energy supply bottlenecks and increase the cost of living, according to a

Slowing Russian Commodity Exports Could Spark A Rise In Prices

Slowing Russian Commodity Exports Could Spark A Rise In Prices

Mar 04, 2022 at 14:27 | Metal Miner

What is true for oil and natural gas in the Russia-Ukraine conflict is increasingly becoming true of all commodities. Spot market oil, gas flows slow A…

Europe Turns To South Africa For Coal As It Shuns Russia

Europe Turns To South Africa For Coal As It Shuns Russia

Mar 04, 2022 at 14:20 | Tsvetana Paraskova

European buyers are scouring the world as far as South Africa to procure coal as Russia’s invasion of Ukraine and the threat of more sanctions on Moscow have made Russian…

Energy Crisis In Europe Worsens As Natural Gas Prices Double In A Week

Energy Crisis In Europe Worsens As Natural Gas Prices Double In A Week

Mar 04, 2022 at 11:31 | Julianne Geiger

Europe may have dodged the bullet of gas outages for this winter, but surging prices for natural gas in Europe is quickly becoming a worrisome signal for the EU economy.…

The UK Has No Credible Plan for Its Energy Transition: Report

The UK Has No Credible Plan for Its Energy Transition: Report

Mar 04, 2022 at 10:32 | Irina Slav

The UK lacks a “credible plan” to achieve net-zero status, a report by the House of Lords industry and regulators committee has warned. “There is no point planning a…

U.S. Gasoline Prices Surge By $0.20 In A Week

U.S. Gasoline Prices Surge By $0.20 In A Week

Mar 04, 2022 at 08:46 | Tsvetana Paraskova

U.S. gasoline prices have surged by 20 cents in just a week, as the Russian invasion of Ukraine sent international crude oil prices soaring above $110 per barrel. The national…

Saudis Could Hike Prices For Their Oil To Highest Spreads On Record

Saudis Could Hike Prices For Their Oil To Highest Spreads On Record

Mar 03, 2022 at 14:37 | Tsvetana Paraskova

Saudi Arabia, the world’s largest oil exporter, could raise its official selling prices for Asia for April to the highest differentials to benchmarks on record, as buyers scramble to secure…

UN Nuclear Watchdog: Iran Sharply Increased Its Stockpile Of Enriched Uranium

UN Nuclear Watchdog: Iran Sharply Increased Its Stockpile Of Enriched Uranium

Mar 03, 2022 at 14:30 | RFE/RL staff

The UN's nuclear watchdog says Iran has sharply increased its stockpile of enriched uranium amid talks to revive a 2015 agreement to curb Tehran's atomic program.

Russian Gas Via Yamal Pipeline Halts Flows To Germany

Russian Gas Via Yamal Pipeline Halts Flows To Germany

Mar 03, 2022 at 14:07 | Michael Kern

Natural gas flows from Russia to Germany via the Yamal pipeline stopped in the westward direction on Thursday, according to data from the Gascade pipeline operator cited by Reuters.…

Russian Users Are Using Crypto Loopholes To Skirt Sanctions

Russian Users Are Using Crypto Loopholes To Skirt Sanctions

Mar 03, 2022 at 13:28 | City A.M

Unregulated crypto firms in the UK are facing calls to close ‘loopholes’ which allow Russians to evade sanctions. Industry body Crypto UK said…

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