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Oil & Gas Supply
Europe Can Survive Throughout Summer Without Russian Gas
If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.
Crude Oil
Indian Purchase of Russian Oil not Violation of Sanctions: US
The White House has said that India would not be violating sanctions if it purchased discounted oil from Russia but doing so would put New Delhi on the wrong si…
Crude Oil
India Buys Russian Oil Despite Pressure for Sanctions
The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avo…
Oil Price
Oil Jumps as Russia-Ukraine Talks Stall
Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the …
Crude Oil
Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%
Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the thr…
Nuclear Power Plant
Can Nuclear Generation Reduce European Reliance on Russian Gas?
Following Russia's invasion of Ukraine, the International Energy Agency and the European Commission have come up with plans to rapidly reduce the European Union…
Crude Oil
U.K. PM Visits Saudi Arabia to Find Alternative to Russian Oil
U.K. Prime Minister Boris Johnson has arrived in Saudi Arabia, hoping to discuss boosting oil production to counter Russia's influence on oil prices.
Crude Oil
PSU Refiners Stock up on Cheap Russian Crude
India's state-run refiners are buying several million barrels of the Russian crude that's selling at a deep discount due to Western sanctions.
Nuclear Reactor
Eight of 15 Ukrainian Reactors Remain in Operation After Three Weeks of War
Ukraine’s nuclear regulator informed the International Atomic Energy Agency (IAEA) on March 16 that eight of the country’s 15 nuclear reactors were in operati…
Crude Oil
The World Could See a Record-Breaking Oil Supply Shock
IEA: market could lose around 3 million bpd of supply from Russia starting in April.
Carbon Emissions
Russia's 2050 Decarbonisation Plans in Doubt amid Sanctions
Russia's energy ministry believes Western sanctions over Ukraine could prevent the country from achieving plans to cut carbon emissions by 2050.
Crude Oil
Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns
Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…
Coal Mine
Balkan States Say Supply Security more Pressing than Ditching Coal
A surge in power costs and concerns about reliance on Russian energy have prompted Balkan utilities to reassess plans to shut down coal-fired power plants, desp…
Crude Oil
Oil PSUs Readying to Buy Discounted Russian Crude
Companies would make the move in a day or two after they achieve clarity on insurance, freight and payment for the Russian oil in view of the Western sanctions …
Crude Oil
IEA: 3 mbpd of Russian Oil may not Reach Market from April
Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, off…
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