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Oil Price
Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap
OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …
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…
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…
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…
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…
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
Michigan’s Average Gas Prices now $3.55 per Gallon, Experts See ‘Little to No Relief’ amid ‘Perfect Storm’
Michigan’s average gas prices continue to rise amid rising oil prices brought on by Russia’s invasion of Ukraine.
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.
Wind Power Project
Uzbekistan Announces Wind Project
Uzbekistan’s Ministry of Energy announces a milestone development at its 100 MW Nukus wind project, in conjunction with its operational partner, ACWA Power, th…
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.

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Us

Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap

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

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

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

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources

Europe Looks for Alternatives to Russian Energy

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

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

Sanctions on Russian Energy ‘on the Table,’ White House Says

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

Viet Nam to Cut Solar Power Capacity in Draft Plan

Michigan’s Average Gas Prices now $3.55 per Gallon, Experts See ‘Little to No Relief’ amid ‘Perfect Storm’

ExxonMobil to Exit Russian Oil and Gas Operations Amid Ukraine Crisis

Uzbekistan Announces Wind Project

Italy Considers Increasing Natural Gas Supply from Algeria