Gas

Russian Federation

TotalEnergies to Halt Russian Oil Purchases by the End of 2022

TotalEnergies has announced it will stop purchasing oil and petroleum products from Russia as soon as possible and by the end of 2022 at the latest.

Oil Price

Oil Prices Resume Climb After U.S. Stockpiles Drop in Tight Market

Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell last week.

China

COOEC Rolls out Asia’s Largest Offshore Jacket

Jacket constructed at COOEC’s Zhuhai facility is destined for the Lufeng oil complex in the South China Sea.

Crude Oil

Japans' ENEOS Has No Plans to Sign Russian Crude Import Deals Following Invasion: Chairman

Japan's largest refiner ENEOS does not plan to sign any Russian crude oil import contracts following Russia's invasion of Ukraine, ENEOS Holdings Chairman Tsuto…

Oil Price

Oil Approaches $120 as EU Considers Ban on Russian Crude

Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global ene…

Crude Oil

Oil Advances as EU Debates Possible Ban on Russian Crude Imports

Oil climbed for a fourth day, heading for the best run in a month, on signs the European Union may be edging closer to a ban on Russian crude imports to punish …

LNG

France Says Ban On Russian Energy Can’t Be Ruled Out

France sees a potential ban on imports of Russian energy into the EU as an option, its Economy and Finance Minister Bruno Le Maire said over the weekend, adding…

Oil Price

India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?

India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move…

Oil Price

Oil Jumps as EU Weighs Russian Embargo

Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…

LNG

LNG Projects in the Gulf of Mexico Boosted as Russian Gas Alternative

Two years ago, the American liquified natural gas (LNG) company Tellurian was in free fall: Its stock price collapsed, it laid off 40 percent of its staff, and …

Joe Biden

Amid Global Energy Squeeze, Biden Looks to Iran but Not Israel

Russia's invasion of Ukraine has thrown the global energy market into a state of turmoil, forcing the U.S. and Europe to look for substitutes for Russian oil an…

Oil Price

Oil Settles Volatile Week Below US$105

In the past week, the price of US crude oil, which briefly topped US$130 a barrel amid concerns that the conflict in Ukraine will squeeze energy markets, eased …

Oil & Gas Supply

German Gas Supply Concerns Mount for Coming Winter

Germany, which relies heavily on Russian gas, has major concerns over securing supplies for next winter and is doing all it can to secure alternatives, Minister…

Oil & Gas Supply

IEA Unveils 10-Point Plan to Cut Oil Supply Crunch

The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…

Natural Gas

Gas Prices Decline Around Nation Amid Falling Oil Prices

Gas prices have declined amid falling oil prices after climbing to new all-time record levels in New Jersey and around the nation in the wake of Russia’s invas…