Natural Gas Continues To Be Volatile In EU
On Monday, the price of natural gas in the EU plunged after spiking last week, continuing a pattern of volatility amid reserve storage facilities that are rapidly approaching full capacity,…
Russian Crude Shipments To China Drop Off Falling Demand
On Monday, Reuters reported that tracking data and market sources indicate that Russian shipments of crude to China were almost halved in June compared to May, as refiners were facing…
Saudi Arabian Oil Sales Fell In April
Data from the Joint Organizations Data Initiative (JODI), released on Monday showed that the world’s largest exporter of crude oil, Saudi Arabia, saw sales fall to a five-month low in…
IEA Cautions About Potential Oil Shortage
The outlook for global oil demand will rise to a record high of 102.3 million barrels per day this year according to the International Energy Agency (IEA), which predicts demand…
Poland Defends Its Fuel Import Policies
On Monday, the news outlet Notes from Poland reported that the Prime Minister of Poland, Mateusz Morawiecki launched a defense of Poland’s state-owned energy company Orlen, after it increased shipments…
China Ramping Up Hydrogen Infrastructure
Deloitte reported Thursday that China will be reliant on imports of clean hydrogen until the nation manages to achieve almost complete self sufficiency between 2050 and 2060. It is expected…
Pakistan Pays For Its First Shipment Of Russian Oil In Yuan
On Monday, Reuters reported that Pakistan paid for its first shipment of Russian crude oil in Chinese yuan, according to the nation’s Petroleum Minister, Musadik Malik. The shipment arrived in…
Europe Looks To Store Winter Gas In Ukraine
On Monday, Bloomberg reported that the European Union is considering a plan to store some of its natural gas in Ukraine, despite the risks associated with the ongoing military conflict…
Oil Falls Off Stockpile Surge, And Fed Sentiments
Oil dropped of a massive surge in crude stockpiles, as well as the US Federal Reserve’s inferences that rate hikes will continue, which devastated the risk-on sentiment which had been…
Goldman Downgrades Oil For Second Half Of Year
Goldman Sachs analysts are downgrading oil in their forecast going into the second half of the year.’ The investment bank dropped its price target for the end of the year…
