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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.
LNG
Japan Eyes LNG Investments to Cut Dependence on Russian Energy
Japan aims to reduce its dependency on Russian energy supply by taking steps.
Crude Oil
As West Shuns Moscow, Officials Say India Eyes More Cheap Russian Oil
India may take up a Russian offer to buy crude oil and other commodities at a discount.
United Kingdom
UK Prime Minister Johnson to Visit Saudi Arabia for Oil and Gas Talks
Boris Johnson will meet Crown Prince Mohammed bin Salman on Tuesday in a bid to have oil and gas production boosted.
EV Market
Higher Petrol Prices Hurt, but Cutting Fuel Excise will Slow Transition to Electric
Australian petrol prices are rising as Russia’s invasion of Ukraine pushes up global oil prices. It’s likely motorists will be paying more than $2.15 a litre …
Russian Federation
Norway's Equinor Confirms Trading Halt in Russian Oil
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of …
Crude Oil
Japan to Call on Middle East Oil Producers to Raise Output
Japan will ask oil producing countries in the Middle East to ramp up production in the face of surging prices triggered by Russia’s invasion of Ukraine, Prime …
OPEC
Russia-Ukraine War: Develop Gas Infrastructure to Increase Export to Europe
The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to improve Nigeria’s gas infrastructure.
Oil Price
Oil Expected to Stay Above $100 Amid Russia-Ukraine Crisis and Demand Push
The upside will remain limited above the $130 per barrel mark, while the $100 per barrel will be an important support to watch.
Oil&Gas Drilling
Shale Drilling Climbs Most in Month as Biden Calls for More Oil
Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a b…
Crude Oil
Crude Prices Fall as Optimism Grows on Russia-Ukraine Peace Talk
Crude oil futures were lower in Asian trading March 14 as Russia-Ukraine peace talks continue even as attacks increase in western Ukraine near Poland.
Oil Price
Oil Declines as Iran, Russia and Fed Jostle for Limelight
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompt…
Crude Oil
Can OPEC Help Manage the Ongoing Crude Price Rally with Its Spare Capacity?
The group needs to reassure consumers as to how much spare capacity it holds and that it is ready to use it in an emergency.
LNG
Europe’s Plan to Quit Using Russian Fuel Starts a Global Fight for Gas
The liquefied natural gas market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the c…
Natural Gas
U.S. Gasoline Prices Edge Lower After Hitting Record High Last Week
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia's invasion of Ukraine.
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