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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.

Australia

The Billionaire Attempting to Kill Australia’s Coal Industry

In all of the Paris Climate Agreement scenarios that could feasibly keep the world from heating by more than 1.5 degrees Celsius over pre-industrial averages, c…

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…

Oil & Gas Supply

OPEC+ Makes Modest Supply Hike as Russia Turmoil Lifts Price

OPEC and its allies agreed another modest revival in supplies for April at a low-key meeting that was overshadowed by the market turmoil unleashed by Russia’s …

LNG

Italy Halts Funding for $21 Billion Arctic LNG 2 Project

Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy pro…