Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage…
Lithium prices jumped on Friday to a fresh all-time high amid soaring demand from growing electric vehicle sales, which the current supply is struggling to…
Bearish sentiment has well and truly taken hold of oil markets, with fears of a global recession still the main factor in oil markets. There…
Russia's natural gas exports to the European Union this year are expected to decline by 50 billion cubic meters (bcm)—or by one-third of last year's…
The European Commission will propose a revenue cap for companies producing electricity at a low cost and a "crisis contribution" from the extra profits of…
Cyberattacks are among the greatest risks Saudi Aramco faces these days, Amin Nasser, president and chief executive officer at the world’s biggest oil firm, said…
The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives…
A proposed new natural gas pipeline connecting Spain and France may not make economic sense, Thierry Breton, the European Commissioner for the Internal Market, said…
The U.S. is hoping to tempt China and India to join the G7’s price cap plan for Russian oil by dangling the prospect of even…
The only short-term solution to Europe's worsening gas and energy crisis is a widespread reduction in gas consumption, a top executive of Norway’s major Equinor…
France’s state-held utility giant EDF will restart all its nuclear reactors in the country this winter, potentially alleviating the energy crisis in Europe during peak…
Despite rising costs, oil and gas producers globally are expected to book new records in cash flows and offer the best return on capital employed…
The European Union considers that current climate actions from the world’s largest polluters are insufficient and will call on countries to strengthen their emission-reduction commitments…
One in six U.S. homes, or 20 million households, have fallen behind on their energy bills as power prices rise and inflation eats up incomes,…
The new gas levy on consumers in Germany, designed to help German energy firms cover the costs of natural gas imports and expected to enter…
Bearish sentiment has taken hold of oil markets recently as fears of demand destruction and rumors of a new nuclear deal pushed prices down. Strong…
The southwestern Chinese province of Sichuan is baking in the worst heatwave in six decades, with hydropower generation from the Yangtze River falling and factories…
Despite a ninth consecutive week of falling gasoline prices in the United States, the streak of declines could soon see its end as wholesale gasoline…
Speculation that a new Iran nuclear deal could soon be agreed upon has added downward pressure to oil prices, although the disruption of Russian oil…
The OPEC+ group had a massive shortfall of 2.84 million barrels per day (bpd) in June between actual production and the target oil output level…