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Oil & Gas Supply
India, Russia Discuss Ongoing & Potential Joint Energy Projects
India and Russia on last Friday held detailed dialogue on current and potential joint projects in the fuel and energy industry and probable mechanisms for trans…
Crude Oil
Reluctance to Buy Russian Crude Could Cause Long-Term Output Problems
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output.
EU
The EU Wants to Give up Russian Gas
The EU's demand for Russian gas could decrease by as much as two-thirds by the end of 2022.
Energy Transition
At Global Energy Conference, Oil and Gas Industry Leaders Argue For Fossil Fuels’ Future in the Energy Transition
Russia’s invasion of Ukraine and grim climate reports changed the conversation, but not the industry’s assertion that it will remain a critical part of the gl…
Natural Gas
Why LNG Won’t Fully Replace Russian Gas in Europe
Europe faces a number of challenges in importing more U.S. LNG.
Germany
German Finance Minister Plans Gasoline Discount
German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday.
Oil Price
Oil Prices Fall, Continuing Downward Trend From Last Week
Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to h…
Crude Oil
Countries and Companies Shun Russian Crude over Ukraine Invasion
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's …
LNG
EIA: US Weekly LNG Exports Down by One
The U.S. Energy Information Administration (EIA) reports that LNG exports are down by one LNG carrier this week from last week.
Crude Oil
Aramco Takes FID to Build Refinery and Petrochemical Complex in China
Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…
LNG
Worley to Pull out of Russia over Ukraine Invasion
Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.
Oil Price
Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…
Crude Oil
What the Bans on Russian Fossil Fuels Actually Mean
Prices are up—but so is the pressure to switch to electric everything.
Saudi Arabia
Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.
Oil&Gas Drilling
Ukraine-Russia Conflict Could Impact Vietnam Oil Drilling
PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.
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