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Crude Oil
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Oil Price
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…
Natural Gas
How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year
The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasio…
Coal Production
Coal India Arm BCCL's Output up by Record 61% in Feb to 3.24 Million Tonne
Coal India's subsidiary BCCL has posted a record 61 per cent growth in its production to 3.24 million tonne (mt) in February this year over the corresponding mo…
Natural Gas
Denmark to Boost Defence Spending and Phase out Russian Gas
Denmark will significantly increase its defence budget and aim to become independent of Russian natural gas in response to Russia's invasion of Ukraine, Danish …
Natural Gas
European Gas Rally Continues with Focus on Sanctions on Russia
European natural gas surged for a fourth day as the market continues to focus on sanctions on Russia in response to its invasion of Ukraine.
Coal Mine
Coal India February Output Rises 4% YoY
Coal India Limited (CIL) produced 64.3 million tonnes (MTs) of coal in February, about 4% growth 61.9 MTs in corresponding month year ago.
Nord Stream 2
ExxonMobil Joins Western Oil and Gas Company Exodus From Russia
US supermajor to start process of discontinuing operations at the Sakhalin-1 project in response to Russia's invasion of Ukraine.
Oil Price
Russia’s SWIFT Ban Could Send Shockwaves Through Oil and Commodity Markets
Russia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying key Russian bank…
Nord Stream 2
US Sanctions Company Behind €9.5bn Nord Stream 2 Pipeline
The sanction, which is in response to Russia’s actions in Ukraine, targets Nord Stream 2 AG and its CEO.
Solar Company
Solar Energy UK Calls for Long-Term Structural Reforms in Response to Price Cap
Solar Energy UK has called for long-term structural reforms to accelerate the growth of renewables in response to the increase in the energy price cap.
Crude Oil
Peru Warns Repsol Over Oil Spill
A suspension of Repsol's refinery is among the punitive measures that Peru is considering in response to a damaging oil spill last week.
Wind Power Project
Fortum in Russian Wind Power Cooperation With Gazprombank’s Unit Bank GPB
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland.
Energy Security
Chinese Firms' Energy Projects in Kazakhstan Remain Safe: Sources
Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.
Nuclear Power Plant
Poland Selects Site for First Nuclear Power Plant
Polskie Elektrownie Jadrowe, the government company responsible for plans to deploy up to six reactors at multiple sites by 2040, announced that it had selected…
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