India’s Appetite For Russian Crude Continues To Increase
New data from analytics firm Kpler released on Monday showed that Russian oil exports to India hit a new record last month, marking ten consecutive months of growth. According to…
Britain Loses Option To Fall Back On Coal Generation This Winter
Britain’s National Grid Electricity Systems Operator (ESO) issued a statement last week noting that Britain will not be able to rely on coal-fired electricity generation as a backup to its…
Saudi Arabia’s Production Cuts May Cause US Crude To Surge – Bloomberg
On Monday, Bloomberg reported that Saudi Arabia may slash oil exports to the US in July, which will significantly tighten western markets. Next month the kingdom has pledged to voluntarily…
OPEC Predicts Oil Demand To Increase Through 2045
On Monday the Organization for Petroleum Exporting Countries, (OPEC) predicted that the worlds oil consumption will continue to rise through 2045, when it forecasts that daily consumption will reach 110…
Oil Prices Stabilize After Russia Resolves Wagner Rebellion
On Monday, global crude prices stabilized following the resolution of a possible armed insurrection by the Wagner private military company against the Russian government, which is among the top energy…
Germany Signs Long-Term Deal For US LNG
In an effort to eliminate its dependency on Russian gas, Germany has signed a long-term contract to import liquified natural gas (LNG) from the United States. On Thursday, Germany’s Energy…
Ukraine Energy Company Sues Russia In US Court
Naftogaz, the Ukrainian state-owned energy company, has filed a lawsuit against Russia in the US court system, seeking $5 billion in compensation for damages and property it lost in Crimea,…
Oil Sees Biggest Fall Since Early May
As European data indicated an economic slowdown in the offing and the US Federal Reserve signaled there are more rate hikes to come, oil registered the largest weekly fall since…
Mitsui To Retain Stake In Sakhalin-2 LNG Project
Toru Matsui, senior executive managing officer at Japanese trading house Mitsui & Co, announced on Wednesday that the firm would not be exiting the Sakhalin-2 liquified natural gas (LNG) project…
Oil Plunges Off Interest Rate Hikes
On Thursday, oil futures plunged 4%, as a larger than expected rate hike by the Bank of England triggered worries over the state of the economy, as well as fuel…
