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Biden Invokes Defense Production Act to Boost Mineral Production for Renewable Energy, EVs
Facing higher oil prices after Russia’s invasion of Ukraine, President Joe Biden will invoke the Defense Production Act this week to increase the mining of cri…
Crude Oil
U.S. Issues Formal Notice of Record Sale of Oil From Reserve
The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever…
Natural Gas
With War in Ukraine and Threats From Putin, Europeans Anxiously Wait for Energy Rationing
European countries are facing the possibility of energy supplies being rationed, as a dispute between Moscow and the West over payments for Russian exports rage…
LNG
China's Guangzhou Development, Mexico Pacific Sign 2 Mil MT/Year LNG Deal
China's Guangzhou Development Group, a Guangdong provincial government-owned power and natural gas supplier, agreed March 31 to buy 2 million mt/year of LNG fro…
Oil Price
U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.
Joe Biden
Japan Will Act Appropriately on Oil Reserves Release
Japan will act appropriately on oil reserves release while closely watching global developments, the industry minister said on Friday, ahead of a meeting by Int…
Natural Gas
Russia Foreign Gas Buyers 'Must Pay in Roubles' Says Putin
Russian President Vladimir Putin raises the energy stakes as Germany enacts early warning level for Emergency Plan for Gas amid supply concerns.
Oil & Gas Supply
Russia Appears to Be Softening Its Gas-For-Rubles Demand, Easing Supply Risks to Europe — for Now
Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disr…
Natural Gas
Putin’s Isolation From Europe Could Usher in Natural Gas Opportunities for Africa
With the U.S., EU and U.K. looking to phase out Russian gas imports, Western leaders could look to liquified natural gas projects in sub-Saharan Africa to softe…
Nord Stream 2
Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
One of the early casualties of Russia’s invasion of Ukraine has been the Nord Stream 2 gas pipeline, a massive energy project that took several years to build …
OPEC
Opec Mulls Removing IEA as a Secondary Source
Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.
LNG
U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand
The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to …
Joe Biden
Biden Will Give Remarks on Thursday on Efforts to Lower Gas Prices
President Joe Biden will give remarks on Thursday on his administration's actions to reduce gasoline prices in the United States.
South Korea
South Korea to Help Stabilise Energy Market Amidst Russia-Ukraine Conflict
South Korea is committed to helping stabilise the energy market amidst the conflict between Russia and Ukraine, Trade, Industry, Energy Minister Moon Sung-wook …
United States
Shell Fires up Olympus Tie-Back in Gulf of Mexico
Oil major Shell has kicked off production from a deepwater tie-back to its Olympus production hub, unlocking further value in the U.S. Gulf of Mexico.
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