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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…

Oil & Gas Supply

U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX

U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer pric…

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

Philippines Approves Revival of Nuclear Power to Help Replace Coal

Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country’s energy mix, as authorities prepare for the phasing…

Europe Looks for Alternatives to Russian Energy

As fighting raged across Ukraine over the weekend, western countries moved quickly to disrupt Russia’s links to the global economy.

Energy Transition

Why $100 Oil Could Hurt the Energy Transition More Than It Helps

The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the glob…

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 Price

IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman

The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…

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…

Wind Power Project

K2 Management Bags 2 Wind Projects in Pakistan

​Renewable energy engineering firm K2 Management (K2M) has been appointed as the independent engineer to two Liberty Wind projects in Pakistan, which has a com…

Wave Energy

Scottish Wave Energy Firm Lands £730,000 Funding

A wave power company has secured a major new investment to speed up the commercial rollout of its technology.

Solar Power Plant

Viet Nam to Cut Solar Power Capacity in Draft Plan

Deputy Prime Minister Le Van Thanhh told the Ministry of Industry and Trade (MoIT) to reduce the solar capacity and increase offshore wind power in the draft Po…

Natural Gas

China’s Dual Tariff Plan for Shandong’s Gas-Fired Power to Boost Gas Demand

China’s Shandong province has issued a draft for public comments on the implementation of a two-part on-grid tariff mechanism for local natural gas-fired power…

Firm, Siemens Energy Seal Power Deal

Information Communication Technology (ICT) company, 21st Century Technologies Limited has struck a new deal with Germany-based energy company, Siemens Energy to…