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Crude Oil
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Oil & Gas Supply
With Oil Market in Turmoil, Energy Execs Urge more Output, Security
Oil-and-gas leaders advocated at an industry conference on Monday for increased security of energy supply and more fossil fuel production, while the U.S. climat…
Coal Mine
Australia Pushing Higher Coal Exports to Europe
Australia's federal resources minister Keith Pitt is pressuring the premier of Queensland state Anastacia Palazczuk to expedite coal mine developments to free u…
Oil Price
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…
Oil Price
Ukraine Speeds Global Rush to Self-Sufficiency
Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…
Coal Production
China to Keep Daily Coal Output at More than 12 mln Tonnes amid Global Price Surge
China will maintain daily coal output at more than 12 million tonnes and accelerate approvals for new coal mining projects to ensure sufficient supply.
Oil & Gas Trade
Biden Announces Ban on Russian Oil, Gas Imports to US
President Joe Biden announced Tuesday morning that the US would ban imports of #oil, natural gas and coal from #Russia. The British government also announced it…
Natural Gas
Fixing Wind, Solar Permitting in EU to Help Reduce Russian Gas Imports
Speeding up wind and solar permitting, diversifying gas supplies and making the most of existing low-carbon energy sources are important steps to reduce the EU…
Natural Gas
Chevron CEO Announces Israel Gas Pipeline Could Supply Europe
Europe’s natural gas shortage has renewed talk of the EastMed pipeline – a Mediterranean Sea pipeline that could carry gas from Israel to European customers.…
Natural Gas
Shell Sorry for Buying Russian Crude
Oil major Shell on Tuesday apologised for buying a cargo of Russian crude oil last week, a decision which was made with the security of supplies in mind and gui…
Hydrogen Production
EU Draws out Plan to Increase Hydrogen Production to Replace Russian Fossil Fuels and Gas Dependency
The European Commission has revealed on March 8 a brand-new plan in which to phase out dependency on Russian gas and fossil fuels with hydrogen a key aspect of …
Electric Car
Electric Car Prices Could Go up Even as Fuel Prices Soar
As US gas prices hit record highs in the wake of Russia’s invasion of Ukraine, it seems like electric vehicles may not be a safe haven for those looking to sav…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
Oil Price
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …
Nuclear Power Plant
U.S. Ban on Russian Energy Imports Does Not Include Uranium
U.S. President Joe Biden's ban on American imports of Russian oil and other energy products, announced on Tuesday, does not include a ban on imports of uranium …
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