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Russia
Natural Gas
U.S. Natural Gas Prices Could Soon Hit $10
Warmer than usual spring weather and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to abov…
Oil Price
Oil Rises, Defying Stock Market Falls as Supply Concerns Persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …
Oil & Gas Trade
How Much Russian Oil is Europe Importing?
Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.
Oil & Gas Trade
Shell’s Profit Soars on Higher Oil and Gas Prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…
Nuclear Power Plant
Zaporozhe Switches to Supplying Electricity for Qwn Use
The largest nuclear power plant in Ukraine - and Europe - has switched to producing electricity for its own use after damage to external power lines, Ukrainian …
LNG
TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit
French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG…
Coal Trade
India Tells Its States to Step up Coal Imports for Three Years
India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand.
Crude Oil
EU Steps Up Purchases of U.S. Oil
EU crude oil imports from the U.S. are ramping up as the EU mulls an import ban on Russian crude.
LNG
UK’s Gas Imports From Russia Increased by 37% in 2021
Russia was the fourth-most imported source for the UK last year, according to official data.
Oil & Gas Trade
Possible to Pay for Russian Gas While Complying with Sanctions - Uniper
Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even t…
Crude Oil
Abu Dhabi Crude to Head to Europe, Replace Russian Oil
A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two y…
Crude Oil
EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…
Natural Gas
Austria Is 80% Dependent on Russian Natural Gas, Minister Says
Big Oil executives are reportedly dumping tens of millions of dollars worth of company shares.
LNG
High LNG Prices Are Here to Stay
The global market for LNG has turned from a buyer’s market to a seller’s market.
Australia
Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
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