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Oil Price
Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink
IMF slashes global GDP growth forecasts for this year, to 3.2%.
Natural Gas
US Natural Gas Hits Highest Level Since 2008, on Pace for Best Month Ever as Russia Cuts Supply
Natural gas prices are surging around the world as scorching temperatures stoke demand for the fuel, and as Europe’s push to move away from Russian fuel roils …
Coal Price
Back to Black? Germany’s Coal Power Plan Hits Hurdles
High coal prices, supply bottlenecks and aged plants are posing a challenge to Germany's plan to increase electricity production from hard coal-fired power plan…
Natural Gas
Russia to Cut Nord Stream 1 Gas Supplies to 20% Of Capacity From July 27
Move comes after Russia's Gazprom says another key turbine has to be closed due to repairs
Natural Gas
Return of Coal a Threat to European Companies’ ESG Ratings
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to…
Oil Refinery
NTPC, IndianOil Partner to Form JV for Renewable Energy
IndianOil plans to supply the additional power requirements of its refineries with RE by December 2024.
Crude Oil
Guyana Poised to Break $1 Billion in Oil and Gas Revenue This Year
Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022.
United Kingdom
Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
Germany
German Government ‘Likely to Face Legal Challenges to Gas Rationing’
Law experts suggest some German businesses see gas rationing as a “nightmare scenario”
Electric Car
Volkswagen-Backed Northvolt to Develop Wood-Based Batteries for EVs
The attempt to develop battery materials from a range of sources comes as major European economies lay out plans to move away from road-based vehicles that use …
Natural Gas
UK Greenlights Centrica’s Gigantic Gas Storage Site
The move is believed to be the first stage of the potential reopening of the UK’s largest gas storage facility
Natural Gas
Natural Gas and Hydrogen Highlight the Revamped German - Egyptian Relationship
On the occasion of the Petersberg Climate Dialogue, launched in 2010, after the Copenhagen Climate Change Conference and held annually ever since, President el …
Hydrogen Production
Gasunie Starts the Construction of Netherlands’ National Hydrogen Network
According to the announcements made by the minister on Wednesday, June 29, Gasunie would develop the hydrogen network in the Netherlands in the coming years, af…
OPEC
Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+
Putin and MBS discuss OPEC+ and oil markets in phone call.
United States
Conocophillips Considers Exiting U.S. Gulf of Mexico
ConocoPhillips is considering a potential sale of its minority stake in a Shell-operated oil and gas platform in the U.S. Gulf of Mexico, which would mark the e…
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