Despite Sanctions, Japan Will Boost LNG Imports From Russia
In an interview with the RIA Novosti news agency Tuesday, the Russian consul general in the city of Sapporo said that Japan would soon be seeing benefits from retaining its…
Germany Looks To Ration Electricity As EV Charging Threatens To Strain Local Grids
On Friday, German public broadcaster BR24 reported that the German government is predicting that electricity rationing could become unavoidable as part of a new energy transition strategy. The outlet reported…
Despite Production Cut, Russian Oil Shipments Are Surging
According to a new report from Bloomberg, the average four-week seaborne shipments of Russian crude over the period to May 5th, increased by 180,000 barrels per day (bpd), reaching 3.63…
EU Begins The Process Of Collective Gas Purchasing
On Wednesday, Marosh Shefchovich, vice-president for interinstitutional relations at the European Commission, announced the commission had published its first international tender for the collective purchase of liquified natural gas (LNG),…
IEA Warns Natural Gas Supplies To Remain Tight In 2023
A new International Energy Agency (IEA) report out Thursday says that amid a wide range of uncertainties, the global supply of natural gas this year is likely to remain tight,…
Analyst: The Banking Crisis Will Hit Oil Hard
Despite Friday’s rebound, this week was brutal for oil prices. Slides earlier in the week led to a third straight week of losses for crude. The S&P 500 Energy Select…
Russia Says It Is Committed To Oil Production Cuts, Media Wrong On Data
On Thursday, Russian Deputy Prime Minister Aleksandr Novak said that Russia remains committed to voluntarily cutting oil production by 500,000 barrels per day (bpd), when asked about “speculation in the…
Goldman Sachs- Europe Runs The Risk Of A New Gas Crisis This Winter
As next winter approaches, Bloomberg is reporting that the prices of natural gas are expected to surge, creating the risk of a new energy crunch for the bloc according to…
OPEC Commences New Production Cuts
A number of OPEC+ members, including the groups two biggest oil producers, Saudi Arabia and Russia, have begun to reduce their crude output. The cuts are part of a previously…
Türkiye Says Big Oil Discovery Announcement Is Coming
On Sunday, Turkish Energy Minister Fatih Donmez said in an interview with Anadolu Agency news that Ankara will soon make a major announcement regarding a discovery of major oil reserves.…
