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News

Ukraine Calls On The EU To Hit Russia With Sanctions

Ukraine Calls On The EU To Hit Russia With Sanctions

Feb 21, 2022 at 10:08 | RFE/RL staff

The European Union has told Ukraine it is not ready to slap sanctions on Moscow at this time, but it did back plans for financial assistance to the…

OPEC+ Underproduction Is Pushing Oil Prices Higher

OPEC+ Underproduction Is Pushing Oil Prices Higher

Feb 21, 2022 at 09:54 | Tsvetana Paraskova

The compliance of OPEC+ producers with their output cut surged in January, suggesting that the gap between nominal monthly output quotas and actual supply to the market continued to widen.…

China Turns To Indonesia For Coal Following Fallout With Australia

China Turns To Indonesia For Coal Following Fallout With Australia

Feb 21, 2022 at 09:21 | Metal Miner

China and Australia appear to have finally moved away from each other. The relationship turned frosty after China imposed an “unofficial ban” on Australian coal imports back in…

Saudi Energy Minister Calls For Long-Term OPEC+ Cooperation

Saudi Energy Minister Calls For Long-Term OPEC+ Cooperation

Feb 21, 2022 at 09:06 | Charles Kennedy

The Saudi energy minister has called on his colleagues in OPEC+ to stay in agreement about production policies to ensure long-term market stability. “We need to keep this consensus-building approach…

The U.S. Will Be A Net Oil Importer In 2022

The U.S. Will Be A Net Oil Importer In 2022

Feb 18, 2022 at 16:51 | Michael Kern

Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net…

Cyberattacks On Energy Infrastructure Are On The Rise

Cyberattacks On Energy Infrastructure Are On The Rise

Feb 18, 2022 at 16:34 | Josh Owens

As many as 35 major cyberattacks on energy and oil infrastructure have taken place since 2017, making up one-third of all cyberattack incidents of the past five years, data from…

Guyana Looks To Attract Middle East Oil Companies

Guyana Looks To Attract Middle East Oil Companies

Feb 18, 2022 at 09:25 | Irina Slav

Guyana is in talks with Middle Eastern state oil companies to take part in oil and gas exploration, Reuters has reported citing an exclusive interview with Guyana’s Vice President…

Los Angeles Looks To Launch Massive Hydrogen Network

Los Angeles Looks To Launch Massive Hydrogen Network

Feb 18, 2022 at 09:20 | Julianne Geiger

The largest gas utility in the United States revealed a proposal on Thursday for what would be the largest green hydrogen network, according to a company press release. SoCalGas—a…

U.S. Regulators Set Sights On Gas Pipeline Emissions

U.S. Regulators Set Sights On Gas Pipeline Emissions

Feb 18, 2022 at 09:14 | Charles Kennedy

The U.S. Federal Energy Regulatory Commission will look at the emissions footprint of new natural gas pipeline proposals before approving them, Reuters has reported, citing an interim greenhouse gas…

More Bad News For European Energy Markets As French Nuclear Generation Drops

More Bad News For European Energy Markets As French Nuclear Generation Drops

Feb 17, 2022 at 15:09 | Tsvetana Paraskova

There may be no end in sight for the European power crunch this year, even after the winter season ends. Low nuclear power generation in France, a major producer and…

India Looks To Hydrogen To Reduce Reliance on Fossil Fuels

India Looks To Hydrogen To Reduce Reliance on Fossil Fuels

Feb 17, 2022 at 14:59 | Charles Kennedy

India released on Thursday its plans for a green hydrogen policy, as it looks to facilitate the transition from fossil fuels and fossil-fuel-based feedstocks to green hydrogen and green…

Don't Mess With Texas: BlackRock Confirms Its Support For Oil And Gas

Don't Mess With Texas: BlackRock Confirms Its Support For Oil And Gas

Feb 17, 2022 at 13:34 | Josh Owens

BlackRock will continue to invest in oil and gas firms and is not boycotting the energy industry, the world’s biggest asset manager has said in a letter sent to Texas…

Russia Is Ready To Send More Gas To Italy

Russia Is Ready To Send More Gas To Italy

Feb 17, 2022 at 13:17 | Tsvetana Paraskova

Russian President Vladimir Putin has told Italy’s Prime Minister Mario Draghi that Russia is ready to deliver more natural gas if Italy needs it, Russia’s Ambassador to Italy, Sergey Razov,…

Tesla Faces Regulatory Scrutiny Over Braking Defect

Tesla Faces Regulatory Scrutiny Over Braking Defect

Feb 17, 2022 at 09:26 | City A.M

The US investigation into Tesla’s malfunctions shows no sign of easing, as the agency in charge of vehicle safety evaluated today 416,000 cars over braking defects.

Mexico Doubles Down On Energy Independence Ambitions

Mexico Doubles Down On Energy Independence Ambitions

Feb 17, 2022 at 09:25 | Michael Kern

The Mexican government’s plan to reduce the country’s dependence on imported gasoline and diesel risks swapping one addiction for another, with crude oil imports seen rising. Bloomberg reports that state-owned…

Russia-Ukraine Crisis Escalates With Reports Of Broken Ceasefire

Russia-Ukraine Crisis Escalates With Reports Of Broken Ceasefire

Feb 17, 2022 at 09:19 | Tsvetana Paraskova

Ukraine and Russia-backed rebels in eastern Ukraine accused each other on Thursday of violating a ceasefire as tensions between the two neighboring countries escalated amid warnings from the West…

Gasoline Prices Just Hit An All-Time High In California

Gasoline Prices Just Hit An All-Time High In California

Feb 16, 2022 at 17:00 | Julianne Geiger

California's gasoline prices just hit an all-time high on Wednesday, at $4.72 per gallon. And some experts are suggesting that California could see prices shoot up to as much as…

Strong Winds Help Ease Europe’s Energy Crisis

Strong Winds Help Ease Europe’s Energy Crisis

Feb 16, 2022 at 12:26 | Charles Kennedy

Strong wind power generation with storms sweeping through northwest Europe this week are set to ease the power prices in major markets, while natural gas prices continue to tumble amid…

Iran Prepares Return To International Oil Markets

Iran Prepares Return To International Oil Markets

Feb 16, 2022 at 11:17 | Charles Kennedy

Iran is preparing for its return to international oil markets, according to Bloomberg, which reported that officials from the National Iranian Oil Co. had met with two South Korean…

Europe Remains Biggest Market For U.S. LNG

Europe Remains Biggest Market For U.S. LNG

Feb 16, 2022 at 09:31 | Irina Slav

Europe has remained the biggest market for U.S. liquefied natural gas for three months in a row. According to Reuters, Refinitiv data suggests that most U.S. LNG will continue flowing…

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