Gas

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…

Crude Oil

Can the U.S. Replace Russian Oil Imports?

Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.

Crude Oil

Rising Crude Oil Prices Great Opportunity for Nigeria

President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA)…

Oil & Gas Supply

Carve-out in U.S. Sanctions will Still let Russia Profit from Oil, Gas

There is a glaring carve-out in President Joe Biden’s sanctions against Russia: Oil and natural gas from that country will continue to flow freely to the rest …

OPEC

Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia

Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the blo…

Energy Investment

Norway’s Equinor will End Investments in Russia, Exit Joint Ventures

Norway’s Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia’s invasion of Ukra…

Oil Price

India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices

India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…

Oil Price

Can African Oil Producers Take Advantage of Increasing Oil Prices?

Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, A…

Oil Price

Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban

A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as …

LNG

Shell to Exit Russia After Ukraine Invasion, Joining BP

Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…

LNG

Japan's JERA Does Not Currently See SWIFT Ban Impacting Sakhalin 2 LNG Imports

Japan's largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from t…

Oil & Gas Supply

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output

Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …

Natural Gas

How Europe Can Boost Energy Security and Reduce Its Reliance on Russian Gas

January is the cruellest month when it comes to European gas demand. It is now the end of February and the continent has almost a year to bolster its strategic …

LNG

Asian LNG Prices Surge on Ukraine Invasion, NS2 Halt

Asian spot liquefied natural gas (LNG) prices surged more than 50% this week as they tracked a jump in European gas prices after Russia’s invasion of Ukraine.

Oil & Gas Supply

Nigeria Fuel Disruption Continues

As the recent su standard import of fuel continues to affect fuel distribution in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has released …