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Qatar Seeks Long-Term LNG Deals With EU Importers

Qatar Seeks Long-Term LNG Deals With EU Importers

Jun 23, 2022 at 11:45 | Charles Kennedy

Emboldened by a recent 20-year LNG deal a German energy company signed with a U.S. exporter, Qatar—another top LNG exporter—is now seeking long-term contracts with EU importers, which are racing…

Oil Majors Warn UK’s Windfall Tax Will Hurt North Sea Investment

Oil Majors Warn UK’s Windfall Tax Will Hurt North Sea Investment

Jun 23, 2022 at 10:59 | Charles Kennedy

Representatives of some of the biggest oil and gas companies operating in the North Sea on Thursday warned the UK’s Chancellor of the Exchequer Rishi Sunak that the new…

Highest-Ever July 4 Gasoline Prices Unlikely To Curb U.S. Demand

Highest-Ever July 4 Gasoline Prices Unlikely To Curb U.S. Demand

Jun 23, 2022 at 10:37 | Tsvetana Paraskova

U.S. drivers are facing the highest gasoline prices for the 4th of July on record, but these are unlikely to curb Americans' appetite for road trips this summer, analysts at…

A Strong Dollar Is Weighing On Precious Metals

A Strong Dollar Is Weighing On Precious Metals

Jun 23, 2022 at 10:17 | Ag Metal Miner

Gold has started to trade within a range formed by swing lows and highs. A break above either range will clear up the overall direction. Without a “big…

Fuel Traders Targeted As Gasoline Prices Soar

Fuel Traders Targeted As Gasoline Prices Soar

Jun 23, 2022 at 10:13 | City A.M

Despite falling wholesale costs of petrol and diesel, prices are still going up at the pump as motoring groups call on fuel traders to offer consumers relief.

Canada Unlikely To Return Blocked Gazprom Turbine

Canada Unlikely To Return Blocked Gazprom Turbine

Jun 23, 2022 at 09:09 | Irina Slav

The Gazprom turbine that Siemens Energy took to a Canadian factory to repair and that Gazprom blamed for the reduced Nord Stream 1 flows is not coming back to Russia…

Refiners Meet With Secretary Granholm To Discuss Prices

Refiners Meet With Secretary Granholm To Discuss Prices

Jun 23, 2022 at 08:58 | Irina Slav

Energy Secretary Jennifer Granholm is meeting today with refiners for emergency talks amid excessively high fuel prices amid increasingly strained relations between the Biden administration and the oil industry.…

API Reports Biggest Crude Oil Inventory Rise Since February

API Reports Biggest Crude Oil Inventory Rise Since February

Jun 22, 2022 at 15:44 | Julianne Geiger

The American Petroleum Institute (API) reported a build this week for crude oil of 5.607 million barrels, while analysts predicted a draw of 1.433 million barrels. It is the first…

Biden Calls On Congress To Suspend Federal Gas Tax

Biden Calls On Congress To Suspend Federal Gas Tax

Jun 22, 2022 at 15:25 | Julianne Geiger

U.S. President Joe Biden called on Congress today to suspend the federal gas tax for the next 90 days. “Today, I’m calling on Congress to suspend the federal gas tax…

India’s Top Utility May Add Coal Capacity As Power Demand Surges

India’s Top Utility May Add Coal Capacity As Power Demand Surges

Jun 22, 2022 at 15:15 | Tsvetana Paraskova

The largest power generating company in India, state giant NTPC Ltd, could increase its coal-generation capacity as it prioritizes energy security after recent power outages. The coal phase-out plan must…

Will The European Union Grant Ukraine Candidate Status?

Will The European Union Grant Ukraine Candidate Status?

Jun 22, 2022 at 10:01 | RFE/RL staff

A draft of the final declaration for this week's European Union summit proposes candidate status for Ukraine and Moldova, a copy of the document seen by RFE/RL shows.…

Official: EU Should Back Ukraine Despite Economic Fallout

Official: EU Should Back Ukraine Despite Economic Fallout

Jun 22, 2022 at 09:51 | Tsvetana Paraskova

The European Union should continue supporting Ukraine despite the lowered Russian gas deliveries to major EU customers and the economic toll from it, Elina Bardram, acting director for International Affairs…

Iran’s Oil Exports Surge In June

Iran’s Oil Exports Surge In June

Jun 22, 2022 at 09:50 | Charles Kennedy

Iran’s crude oil exports are estimated to have jumped to an average of 961,000 barrels per day (bpd) between June 1 and June 19, according to data from seaborne oil…

57% Of Americans Dissatisfied With Biden's Handling Of Energy Crisis

57% Of Americans Dissatisfied With Biden's Handling Of Energy Crisis

Jun 22, 2022 at 09:20 | Irina Slav

A little over half of the respondents in a Rasmussen survey rated President Biden's handling of the U.S. economy as "poor," and they appear not to accept Biden's explanation…

Gas Tax Holiday Coming To U.S. Drivers

Gas Tax Holiday Coming To U.S. Drivers

Jun 22, 2022 at 08:51 | Irina Slav

President Biden is today expected to ask Congress to enact a gas tax holiday in his latest attempt to rein in retail fuel prices, Bloomberg reported, citing an unnamed…

The EU Is Considering Capping Gas Prices

The EU Is Considering Capping Gas Prices

Jun 21, 2022 at 15:44 | Tsvetana Paraskova

Italy’s idea that the EU impose a cap on natural gas prices has emerged as the “only sustainable solution” to soaring energy prices, Italian Energy Transition Minister Roberto Cingolani

EIA: US Refining Capacity Sinks To Near Decade Low

EIA: US Refining Capacity Sinks To Near Decade Low

Jun 21, 2022 at 15:35 | Julianne Geiger

Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday. U.S. refining capacity fell this year to…

Kuwait Claims It Can Hit Its July Oil Production Quota

Kuwait Claims It Can Hit Its July Oil Production Quota

Jun 21, 2022 at 12:12 | Julianne Geiger

Kuwait can increase its production to meet its July output quota, state-owned KPC chief executive Sheikh Nawaf Saud al-Sabah told the Bloomberg Qatar Economic Forum on Tuesday. Kuwait can also…

U.S. Gasoline Demand Increasing, Not Waning

U.S. Gasoline Demand Increasing, Not Waning

Jun 21, 2022 at 09:09 | Tsvetana Paraskova

U.S. gasoline demand increased by 5.5 percent on Sunday compared to the previous Sunday and was 11.4 percent higher than the average U.S. demand of the past four Sundays, according…

Kuwait: Oil Price Includes $30 War Premium

Kuwait: Oil Price Includes $30 War Premium

Jun 21, 2022 at 08:52 | Tsvetana Paraskova

Around $30 a barrel of war premium is baked into the current oil prices, according to Kuwait Petroleum Corporation (KPC), the state oil firm of one of OPEC’s top producers.…

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