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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.
Crude Oil
West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia
Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other produ…
Crude Oil
Oil Rises as Uncertainty Around Supply Persists
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns abo…
Natural Gas
Why Renewables Can’t Solve Europe's Energy Crisis
Europe has been aggressively pursuing a clean energy future and the end of fossil fuels, but the Russia-Ukraine conflict has highlighted the shortcomings of ren…
Natural Gas
In Russia-Europe Gas Standoff, Both Sides Lose
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unles…
Natural Gas
Russia's Gazprom Says Gas Exports to Europe via Ukraine Continue
Russian state-owned energy giant Gazprom said on Saturday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European cons…
Oil Price
IEA to Release New Emergency Oil Stock to Curb Market Turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa…
Oil Price
Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline…
Natural Gas
With War in Ukraine and Threats From Putin, Europeans Anxiously Wait for Energy Rationing
European countries are facing the possibility of energy supplies being rationed, as a dispute between Moscow and the West over payments for Russian exports rage…
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