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Crude Oil
EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…
Natural Gas
Austria Is 80% Dependent on Russian Natural Gas, Minister Says
Big Oil executives are reportedly dumping tens of millions of dollars worth of company shares.
LNG
High LNG Prices Are Here to Stay
The global market for LNG has turned from a buyer’s market to a seller’s market.
Australia
Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
LNG
Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst
Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in U…
Electric Car
Electric Vehicle Sales Soar Despite Rising Battery Costs
Manufacturers have passed higher prices on to consumers with double-digit increases for EVs.
Natural Gas
Germany's New Gas Storage Law - How Will It Work?
A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from…
Oil & Gas Trade
French Election Could Make or Break EU Russia Oil Ban
The outcome of this weekend's French presidential election could make or break the chances of EU unanimity for a ban on Russian energy imports, with challenger …
Russian Federation
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil plans to shut down all its businesses in Russia by June 24.
Oil & Gas Supply
EU Launches Nine-Point Plan to Mitigate Global Energy Crisis
Bloc calls on individuals to turn down heating, share cars and use more public transport.
Thermal Coal
India's Coal Imports Are Shifting, Thermal More than Coking
India's coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of the Russia-Ukraine conflict.
Nord Stream 2
Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments
Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeli…
Russian Federation
Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy
Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.
Natural Gas
Russia Explains Gas for Rubles Switch
The new mechanism provides payment guarantees for Moscow, Foreign Minister Sergey Lavrov says.
Natural Gas
Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA
The downward forecast is equivalent to 50 billion cubic meters of LNG.
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