Ons

Natural Gas

Brazil 2021 Gas Demand up 29pc as Thermal Jumps

Brazil's domestic natural gas consumption rose last year by 29pc, boosted by the expansion of thermal power generation, according to data from Brazilian gas dis…

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.

United Kingdom

Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year

Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall I…

United Kingdom

Energy Costs Extremely Volatile After Russia Invades Ukraine

Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb t…

Offshore Wind Power

Renewable Power Capital Enters Swedish Market with 100% Acquisition of Onshore Wind Farm From OX2

Renewable Power Capital has committed to acquire the Klevberget onshore wind farm, with a capacity of 146 MW, in their first Swedish deal.

Wind Farm

CPP Investments Supports Renewable Power Capital’s New Investments in European Onshore Renewables

Renewable Power Capital (RPC) entering the Swedish market with 100% acquisition of onshore wind farm from OX2

Crude Oil

Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low

Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes …

Oil & Gas Trade

Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions

Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…

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…

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 & 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 …

Crude Oil

Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…

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.

Natural Gas

Italy Considers Increasing Natural Gas Supply from Algeria

The latest move by Italy comes as Western sanctions on Russia threaten to disrupt the gas flow.

Crude Oil

Canada Eyeing Russian Oligarch Holdings in its Oil-Rich West

Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on…