Russian Crude Rises Above Capped Price, Continues To Ship
For the first time since the EU, G7, and allied countries imposed a price cap on Russian crude oil sales, Russia’s Urals crude saw its price breach the $60 price…
IEA Downgrades Oil Demand Outlook
For the first time this year, the International Energy Agency (IEA) has cut its oil demand forecast, noting that it sees “persistent” economic headwinds in wealthy countries. Predicting the global…
TotalEnergies СEO – Winter May Produce Gas Supply Constraints
Speaking at the Economic Meetings of Aix-en-Provence forum on Sunday TotalEnergies СEO Patrick Pouyanne warned that the EU may not be prepared for gas supply constraints which may emerge this…
Russia Allocates Financing For Hungary’s Paks-2 Nuclear Plant Construction
According to a Russian decree published on the government’s official portal for legal information on Saturday, the Russian government has approved a state loan to finance the construction of two…
US Exports Of LNG Fall As Maintenance Weighs And Europe Approaches Capacity
This week Reuters, reporting on preliminary data from Refinitiv, noted that in June, US exports of liquified natural gas (LNG) fell 10% month over month to 6.82 million tons, as…
Shell CEO Notes Cutting Oil And Gas Production Would Be Dangerous
Wael Sawan, the CEO of British energy firm Shell, has launched a staunch defense of the world’s usage of oil and gas, saying that any attempt to reduce the world’s…
Demand For US LNG Surges Amid Fears Of Impending Shortage
On Tuesday, the Financial Times reported that amid fears of an impending shortage in supplies, energy companies from the EU and China are scrambling to secure shipments of US liquified…
Russia And Saudi Arabia Team Up On More Crude Production Cuts
On Wednesday, Saudi Energy Minister Prince Abdulaziz bin Salman said that the latest round of production cuts by the world’s biggest exporters, Russia and Saudi Arabia is more evidence of…
Germany Forced To Import Electricity After Closing Nuclear Reactors
On Monday, German news outlet Bild reported that after the German government decided to decommission the nation’s last remaining nuclear power plants as it transitions to renewable energy sources, it…
EU LNG Imports Surpass Pipeline Deliveries For First Time
According to data from the Energy Institute (EI), as the European Union struggled to make up for the lack of Russian natural gas supplies last year, imports of liquified natural…
