Russian

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 …

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.

LNG

Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst

Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in U…

Electric Car

Electric Vehicle Sales Soar Despite Rising Battery Costs

Manufacturers have passed higher prices on to consumers with double-digit increases for EVs.