Oil

Natural Gas

In Russia-Europe Gas Standoff, Both Sides Lose

Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unles…

Natural Gas

US LNG Exports Surge 16% amid Higher Demand From Europe

US liquefied natural gas exports rose nearly 16 per cent last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continui…

Natural Gas

Russia's Gazprom Says Gas Exports to Europe via Ukraine Continue

Russian state-owned energy giant Gazprom said on Saturday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European cons…

Oil Shale

China's Major Shale Gas Field Records Output Growth in Q1

The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.…

Oil Price

IEA to Release New Emergency Oil Stock to Curb Market Turmoil

The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa…

Natural Gas

Gas Power Outlook: Volatility and Viability

Natural gas generation’s future hinges on a precarious and exceptionally volatile set of issues that the conflict in Ukraine intensified.

Oil Price

Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices

President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline…

Electric Car

Biden Invokes Defense Production Act to Boost Mineral Production for Renewable Energy, EVs

Facing higher oil prices after Russia’s invasion of Ukraine, President Joe Biden will invoke the Defense Production Act this week to increase the mining of cri…

Crude Oil

U.S. Issues Formal Notice of Record Sale of Oil From Reserve

The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever…

Natural Gas

With War in Ukraine and Threats From Putin, Europeans Anxiously Wait for Energy Rationing

European countries are facing the possibility of energy supplies being rationed, as a dispute between Moscow and the West over payments for Russian exports rage…

LNG

China's Guangzhou Development, Mexico Pacific Sign 2 Mil MT/Year LNG Deal

China's Guangzhou Development Group, a Guangdong provincial government-owned power and natural gas supplier, agreed March 31 to buy 2 million mt/year of LNG fro…

Oil Price

U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices

The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.

Joe Biden

Japan Will Act Appropriately on Oil Reserves Release

Japan will act appropriately on oil reserves release while closely watching global developments, the industry minister said on Friday, ahead of a meeting by Int…

Natural Gas

Russia Foreign Gas Buyers 'Must Pay in Roubles' Says Putin

Russian President Vladimir Putin raises the energy stakes as Germany enacts early warning level for Emergency Plan for Gas amid supply concerns.

Oil & Gas Supply

Russia Appears to Be Softening Its Gas-For-Rubles Demand, Easing Supply Risks to Europe — for Now

Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disr…