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Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russia’s crude oil exports plunged…

Putin’s Energy Weapon Is Losing Its Power

Putin’s Energy Weapon Is Losing Its Power

Slowly, but surely, Russia is…

News

EU Leaders Fail To Agree Over Price Cap On Russian Oil Products

EU Leaders Fail To Agree Over Price Cap On Russian Oil Products

Jan 27, 2023 at 09:48 | Julianne Geiger

European Union officials failed to reach an agreement on Friday about the price cap of Russian crude oil products that go into effect on February 5, but talks…

Trafigura Ends Oil Export Deal With Kurdistan

Trafigura Ends Oil Export Deal With Kurdistan

Jan 27, 2023 at 08:04 | Josh Owens

One of the world’s top commodity traders, Trafigura, is pulling out of a prepayment-for-oil-exports deal with the semi-autonomous region of Kurdistan in Iraq, a source with knowledge of…

Australia’s LNG Export Boom Is Leaving Its East Coast Short On Gas

Australia’s LNG Export Boom Is Leaving Its East Coast Short On Gas

Jan 27, 2023 at 07:59 | Irina Slav

Eastern Australia is once again under threat of a gas shortage in case LNG producers decide to sell all of their uncontracted gas abroad, a watchdog has warned.…

Russian Oil Exports to India Could Hit New High In 2023

Russian Oil Exports to India Could Hit New High In 2023

Jan 27, 2023 at 07:44 | Irina Slav

Crude oil exports from Russia to India could reach a new record this year if prices and other terms remain favorable, the Times of India

Chevron Reports Record-Breaking Profits For 2022

Chevron Reports Record-Breaking Profits For 2022

Jan 27, 2023 at 07:23 | Michael Kern

Chevron (NYSE: CVX) reported on Friday its highest annual profit ever as its adjusted earnings for last year more than doubled from 2021…

Freeport LNG Gets Regulatory Approval

Freeport LNG Gets Regulatory Approval

Jan 26, 2023 at 13:22 | Julianne Geiger

The Federal Energy Regulatory Commission has given Freeport LNG Development, L.P. the approval it requested to restart some operations, a regulatory filing from Thursday shows. “I grant your request for…

Shell Wants To Bail On Energy Retail Businesses Due To “Tough Market Conditions”

Shell Wants To Bail On Energy Retail Businesses Due To “Tough Market Conditions”

Jan 26, 2023 at 10:56 | Julianne Geiger

Shell is looking to bail on its energy retail business across multiple countries amid “tough market conditions,” the company said on Thursday. The tough market conditions likely refer to higher…

Soaring Food Prices Prompt Eurasian Nations To Ban Food Exports

Soaring Food Prices Prompt Eurasian Nations To Ban Food Exports

Jan 26, 2023 at 10:04 | Eurasianet

The harshest winter since 2008 is contributing to shortages of staple vegetables across Central Asia and sending prices north in a region still suffering from COVID-induced food inflation. …

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Jan 26, 2023 at 09:26 | Josh Owens

Europe is buying more diesel from the United States and Saudi Arabia in preparation of the EU ban on seaborne imports of Russian refined products, yet Europe still…

Pipeline Gas Flows Resume To Freeport LNG Export Terminal

Pipeline Gas Flows Resume To Freeport LNG Export Terminal

Jan 26, 2023 at 09:20 | Michael Kern

Small volumes of natural gas started to flow via pipeline to the Freeport LNG export terminal in Texas, which has been shut down since June following a fire,…

UK Car Production Hits 67-Year Low

UK Car Production Hits 67-Year Low

Jan 26, 2023 at 09:08 | City A.M

UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, figures show. A total…

Norway Sees Oil And Gas Tax Revenue Triple To Record $89 Billion

Norway Sees Oil And Gas Tax Revenue Triple To Record $89 Billion

Jan 26, 2023 at 08:12 | Tsvetana Paraskova

Norway expects to receive a record $89.5 billion (884 billion Norwegian crowns) in oil and gas tax revenue for 2022, triple the previous record in 2021, thanks to…

National Grid Is Keeping Coal Plants Warm For Backup Amid Cold Snap

National Grid Is Keeping Coal Plants Warm For Backup Amid Cold Snap

Jan 26, 2023 at 07:59 | Tsvetana Paraskova

For a third time this week, the UK power system operator, National Grid, has asked reserve coal-fired units to be warmed up for potential use

Canadian Oil Exports To Asia Hit One-Year High

Canadian Oil Exports To Asia Hit One-Year High

Jan 26, 2023 at 07:55 | Tsvetana Paraskova

Exports of heavy Canadian crude oil to Asian refiners are expected to jump to the highest in a year as unplanned refinery shutdowns in the United States are…

Eni Unable To Deliver LNG Cargo To Blackout-Stricken Pakistan

Eni Unable To Deliver LNG Cargo To Blackout-Stricken Pakistan

Jan 26, 2023 at 07:47 | Irina Slav

Italian energy major Eni has warned it would not be able to deliver an LNG cargo to Pakistan in February due to circumstances outside its control.

Chevron To Spend $75 Billion On Share Buybacks

Chevron To Spend $75 Billion On Share Buybacks

Jan 26, 2023 at 07:35 | Charles Kennedy

Chevron will allocate $75 billion for share repurchases, effective April 1, without an expiration date, the company said, as it declared a quarterly…

Russia: Western Heavy Weapons Takes Conflict To “New Level”

Russia: Western Heavy Weapons Takes Conflict To “New Level”

Jan 25, 2023 at 16:34 | Charles Kennedy

In an about-face on the provision of Western weapons for Ukraine, and despite warnings from Moscow of a serious escalation, Washington has agreed to supply Kyiv with 31…

Hess Earnings Outshine With New Guyana Discovery

Hess Earnings Outshine With New Guyana Discovery

Jan 25, 2023 at 13:04 | Charles Kennedy

Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s newly revealed $3.7-billion…

Britain’s Nuclear Industry Calls For More Government Support

Britain’s Nuclear Industry Calls For More Government Support

Jan 25, 2023 at 09:49 | Julianne Geiger

Britain’s nuclear industry is taking part in a growing chorus from the energy industry—more government support and more clarity regarding its future, the industry told British Parliament on…

Russia Races To Ramp Up Arms Production, Even If It Cripples Its Economy

Russia Races To Ramp Up Arms Production, Even If It Cripples Its Economy

Jan 25, 2023 at 09:34 | The Jamestown Foundation

While the issues with arms manufacturing in Russia have been covered in a number of analyses, production remains a serious challenge for the Russian defense industry as the…

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