Charles Kennedy

Latest articles from Charles

• Russia Replaces Ukraine War Commander

  Published 12 January 2023 | viewed 3,141 times

  Russia’s Defense Minister Sergey Shoigu has replaced the commander in charge of Moscow's war in Ukraine, appointing the current Chief of the General Staff, Valery…

• Egypt’s Natural Gas Exports Surge

  Published 12 January 2023 | viewed 4,346 times

  Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week,…

• Report: EU Sanctions On Crude, Products Could Cost Russia $300 Million Per Day

  Published 11 January 2023 | viewed 11,065 times

  Once new European Union restrictions on Russian oil products come into force on February 5, Russia could face losses of around $300 million per day,…

• Freeport LNG Denies Reuters Report Claiming Further Restart Delay

  Published 11 January 2023 | viewed 8,320 times

  Freeport LNG has denied a Reuters report citing unnamed sources as saying that the restart of its Texas facility will be pushed back to February…

• Snowless Winter Could Create Worse Energy Crisis For Europe

  Published 11 January 2023 | viewed 10,540 times

  Demand for liquified natural gas (LNG) vessels has declined due to Europe’s war winter, but natural weather conditions could ground vessels completely, meteorologists warn in…

• Russia Claims “No One” Has Seen Cases Of Price Cap On Its Crude Oil

  Published 11 January 2023 | viewed 8,757 times

  No one has seen yet cases of a price cap on Russian crude oil, and Russia hasn’t yet seen the impact of the price cap…

• Sweden Looks To Expand Its Nuclear Power Generation Capacity

  Published 11 January 2023 | viewed 2,372 times

  Sweden’s government is proposing changes in the current legislation to allow the construction and operation of more nuclear reactors as it looks to strengthen its…

• Libyan Court Suspends Controversial Oil And Gas Deal With Turkey

  Published 11 January 2023 | viewed 2,846 times

  A Libyan court has suspended a deal for offshore oil and gas exploration that Libya and Turkey inked last year, a deal that sparked outrage…

• $4.2 Billion Oil Tanker Merger Falls Through

  Published 11 January 2023 | viewed 12,133 times

  A planned merger by two of the largest tanker operators in the world—Euronav and Frontline—has fallen through and the two companies will not make another…

• Iraq’s First New Refinery In Decades Set To Hit Full Capacity By July

  Published 10 January 2023 | viewed 14,971 times

  The new Karbala refinery south of Baghdad is expected to reach full 140,000 barrels per day (bpd) capacity by July this year, a source at…

• Judge Dismisses Lawsuit About Big Oil Conspiracy

  Published 10 January 2023 | viewed 3,774 times

  A federal judge has dismissed a lawsuit brought to a California court last year by a group of individuals claiming the Trump administration and U.S.…

• Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw

  Published 09 January 2023 | viewed 66,025 times

  After drawing over 221 million barrels of oil from the Strategic Petroleum Reserve (SPR) in 2022, Washington is having a tough time refilling it in…

• Russian Lukoil To Sell Strategic Italian Refinery To Trafigura-Backed Company

  Published 09 January 2023 | viewed 9,593 times

  In its first major overseas asset sale following Russia’s invasion of Ukraine and subsequent Western sanctions, Lukoil, Russia’s second-largest oil company, has agreed to sell…

• WTI Breaks $75 Barrier, But Traders Remain Cautious

  Published 09 January 2023 | viewed 9,675 times

  After shedding 8% last week, crude oil prices are trading up over 1.7% midday Monday, driven by China’s reopening and a weaker U.S. dollar.  West…

• Russia’s Rosneft Looks To Supply Gas To China Via Power Of Siberia 2 Pipeline

  Published 09 January 2023 | viewed 3,520 times

  Russian oil giant Rosneft is seeking a slot for its gas reserves to be exported to China via a planned second route of the Power…

• Black Sea Shipping Rates Jump 20%

  Published 09 January 2023 | viewed 4,939 times

  Shipping rates in the Black Sea have risen by 20% since the start of the year as war risk insurance premiums increase, Reuters reported, citing…

• Petrobras Braces For Attacks On Refineries

  Published 09 January 2023 | viewed 2,795 times

  Brazil’s state oil major Petrobras has stepped up security at its refineries in response to threats of attacks on the infrastructure, Reuters has reported, citing…

• Norway Replaces Russia As Germany’s Top Gas Supplier

  Published 06 January 2023 | viewed 36,266 times

  Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal…

• Asia’s Spot LNG Prices Drop 11% This Week Amid Low Demand  

  Published 06 January 2023 | viewed 3,408 times

  Mild weather and weak demand for natural gas in North Asia sent Asia’s spot LNG prices tumbling by 10.7% this week from last week, for…

• UK Wind Power Generation Hit A Record High In 2022

  Published 06 January 2023 | viewed 2,359 times

  Wind power generation reached a record high last year in the UK, accounting for a 26.8% share of total electricity generation, the BBC reported, citing…