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Crude Oil
BP may Take $25 Billion Hit from Divestment from Russian Oil Company
BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…
Ukraine
Russia Could Destroy Nearly Half of Ukraine’s Renewables, Worth Nearly $6B
Almost half of Ukraine’s renewable energy facilities, which have a combined capacity of almost 4 gigawatts (GW) and worth of more than $5.6 billion, are in the…
Crude Oil
Will India Buy Discounted Russian Oil?
While many countries have already sanctioned Russian oil and gas, India is reportedly considering buying crude oil from Russia at a discount.
Nuclear Power Plant
Powering Ukraine’s Zaporizhzhia Nuclear Plant Is Still a Problem
It's in the same country as Chernobyl, but its difficulties post-Russian invasion recall another cautionary tale.
Crude Oil
Norway’s Equinor Not Entering Any New Trades for Russian Oil
Following the beginning of the process to exit its projects in Russia, Norwegian state-owned oil and gas player Equinor has now also decided to stop trading in …
Oil & Gas Trade
India Taking up Russian Discounted Oil Offer Will Not Be US Sanctions Violation, Says White House
India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions, the White House has said.
Emissions Trading System
Russia-Ukraine Crisis: Reforming the EU ETS Is a Matter of Energy Security, Says PGE
European leaders are now rushing to make decisions on how to drastically cut dependence on Russian fossil energy imports.
Hydrogen Project
EU Plunges into Green Hydrogen and Renewables Plans as it Sidesteps Russian Gas
Commission says the RePowerEU plan will achieve independence from Russian energy before 2030.
Hydrogen Fuel Cell
Green Hydrogen Fuel to Become Competitive Due to War in Ukraine
Bloomberg New Energy Finance (BNEF) recently released a report titled “Ukraine War Makes Green Hydrogen Competitive”, examining the impact of the Russian inva…
Oil Shale
US Shale Still Finding Footing amid Market Chaos
US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…
Coal Price
Coal Prices Rise to Record Levels on Russia Supply Fears.
Coal buyers are trying to lock up supplies amid fears that Russia could respond to sanctions by cutting off exports.
Hydrogen Production
Has Russia Thwarted Its Hydrogen Future?
The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…
Natural Gas
Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage
Russian producer was hoping for a much-needed boost in oil reserves within large licence block in Russian sector of the Caspian Sea
Natural Gas
Average US Gas Price Rises 22% in Two Weeks to Record $4.43
The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters) as Russia…
EU
EU Will Need Five Years to Ditch Russian Energy
Europe plans to phase out its dependency on Russian oil, gas and coal by 2027.
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