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Oil & Gas Supply

U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX

U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer pric…

Crude Oil

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources

Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…

Energy Transition

Why $100 Oil Could Hurt the Energy Transition More Than It Helps

The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the glob…

Nuclear Power Plant

China Voices Concerns for Safety of Ukraine's Nuclear Facilities

China's Permanent Representative to the United Nations in Vienna Wang Qun on Wednesday expressed concern for the safety of nuclear facilities in Ukraine amid th…

Oil Price

IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman

The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…

Oil & Gas Supply

Sanctions on Russian Energy ‘on the Table,’ White House Says

The United States is “very open” to imposing sanctions on Russia’s oil and gas industry, White House spokeswoman Jen Psaki said on Wednesday, adding that it …

Natural Gas

Michigan’s Average Gas Prices now $3.55 per Gallon, Experts See ‘Little to No Relief’ amid ‘Perfect Storm’

Michigan’s average gas prices continue to rise amid rising oil prices brought on by Russia’s invasion of Ukraine.

Offshore Wind Power

TotalEnergies Begin Development of Offshore Wind Farm

TotalEnergies has successfully been named a winner of maritime lease area OCS-A 0538 by the Bureau of Ocean Energy Management (BOEM) in the New York Bight aucti…

Oil & Gas Supply

ExxonMobil to Exit Russian Oil and Gas Operations Amid Ukraine Crisis

The American energy major is beginning the process to pull out from the Sakhalin-1 venture, in Russia.

Wind Power Project

Uzbekistan Announces Wind Project

Uzbekistan’s Ministry of Energy announces a milestone development at its 100 MW Nukus wind project, in conjunction with its operational partner, ACWA Power, th…

Oil Price

OPEC+ Faces Reckoning on Russia Despite Efforts to Ignore Crisis

OPEC+ is doing its best to ignore the war started by one of its leading members, but it may not be able to manage it for much longer.

Oil Price

U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'

The United States is open to imposing sanctions on Russia's oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesd…

Oil Price

Global Oil Market is ‘Going to Look Different’ After Russia-Ukraine War, Strategist Explains

Blue Line Futures Chief Market Strategist Philip Streible joins Yahoo Finance's Brian Cheung to discuss the increase in oil prices and the outlook for the globa…

Oil Price

UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre

The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due …

Oil Price

Idaho Gas Prices Hold Steady, but the National Average is Soaring

Russia’s invasion of Ukraine is already having far reaching effects, bringing another wave of higher crude oil prices and sending the national average price of…