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Russia
Gas and Power Prices Continue to Soar Due to Ukraine Conflict
Sky-high wholesale gas prices in Europe reached record levels in the first quarter this year as a result of the conflict between Ukraine and Russia, according t…
Energy Transition
Ukraine ‘Could Become a Vital Supplier of Renewable Energy to Europe’
Ukraine geographically and climatically has a “huge potential” for the development of renewables, DTEK Executive Director has said.
Crude Oil
Major Oil Traders Cut Russian Crude Purchases Starting Next Month
Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday…
Coal Trade
How Much Coal in Europe Comes From Russia?
The European Union announced last week that it would ban Russian coal, the latest escalation in sanctions as the war in Ukraine drags on.
Solar Power Panel
Bitcoin, Ether up; Crypto Miners Turn to Solar Power; EU Targets Russian Virtual Wallets — Crypto Moves
Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, up 0.64 percent to $42,782 as of 08:30 a.m. Riyadh time.
LNG
U.S. Gas Storage Emptied by Exports to Europe and Asia
U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below ave…
Nuclear Power Plant
European Renaissance for Nuclear Energy?
Could nuclear power help break Europe's dependency on Russian gas?
Natural Gas
Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says
Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult gl…
Crude Oil
IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels
The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.
Coal Trade
Germany Will Need Full Transition Period to Ban Russian Coal
Germany will need to use the full four-month phase-out period to implement a ban on Russian coal under European Union sanctions, Chancellor Olaf Scholz said on …
Oil Price
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…
Wind Turbine
Wind Turbine Maker Vestas to Exit Russia
Vestas, a Danish manufacturer of equipment for renewable energy that has production facilities in Russia, plans to exit the country, Danish TV network TV2 repor…
Coal Trade
Europe’s Russia Coal Ban Foreshadows Higher Global Energy Prices
Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the wo…
Coal Trade
EU Targets Russian Coal, Ships in New Sanctions
The EU is proposing the 5th round of sanctions against Moscow, which among others target coal imports from Russia, European Commission President Ursula von der …
Crude Oil
Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains
Oil fell as the European Union eschewed sanctions on Russian oil flows for now and a stronger dollar blunted the appeal of commodities.
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