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Oil Price
IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'
The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi…
United States
US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …
Russian Federation
Russia's Energy Chief Says It Would Accept Bitcoin for Oil and Gas
The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy…
Oil Refinery
Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an Americ…
LNG
EU Clinches U.S. LNG Deal, Brushes off Russian Rouble Demand
The European Union and United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG).
Hydrogen Production
A Gas Giant Maps out Its Hydrogen Plan
The market for the clean-burning fuel will take a long time to develop. That may give incumbents like Air Liquide an advantage over startups.
Crude Oil
Middle East Crude Grades Feel the Pressure as Russian Urals Head to Asia
Buying interest among Asian refiners for some medium sour Middle East crude grades loading in May has weakened as cheaper Russian Urals crude cargoes increasing…
LNG
Asian Gas Buyers Buzzle over Putin's Demand for Payment in Roubles
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said "unfriendly" countries must pay for Russian gas in rouble…
Natural Gas
Indonesia’s Deep-Waters Attract Explorers, Including BP and Harbour
Harbour Energy is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year.
Natural Gas
Destroy Demand or Boost Supply? Australia Shows Natural Gas Dilemma
In dealing with a tight natural gas market, is it best to boost supply or instigate demand destruction?
Ukraine
Ukrainian Coalition Calls for Embargo on Russian Energy
Some of the biggest energy companies in Ukraine have urged Western companies to stop buying energy from Russia.
Natural Gas
European Energy Prices Soar as Russia Seeks Rubles for Its Gas
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”
LNG
EU Seeks Answers to Energy Supply Crunch, U.S. LNG Deal
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer a…
Poland
Poles Urge EU to Stick with Gas as a Transition Fuel in District Heating
Poland’s largest electricity company, PGE, has asked EU regulators for more time to replace coal with gas in district heating systems.
Natural Gas
Russian Gas Flows to Europe Dip Slightly
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards fr…
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