Charles Kennedy

Latest articles from Charles

• Japanese Refiner To Cut Capacity: Report

  Published 14 June 2022 | viewed 15,109 times

  Japan's Idemitsu will shut down a refinery in 2024 in response to an anticipated decline in gasoline demand, Nikkei has reported. The report noted that…

• American Shale Drillers Set To Boost Production In July

  Published 13 June 2022 | viewed 36,186 times

  U.S. Shale production in the seven most prolific shale basins is set to increase 143,000 bpd in July to 8.91 million bpd, according to the…

• EIA: Listed Oil And Gas Firms Spent Significantly Less On Exploration In 2021

  Published 13 June 2022 | viewed 2,490 times

  Global public companies representing 60% of total non-OPEC liquid fuels production spent last year $244 billion on exploration and development, down by 28% compared to…

• Oil Climbs Back To Nearly $123 After China COVID Scare

  Published 13 June 2022 | viewed 10,682 times

  Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain traction,…

• Germany Could Spend $10 Billion To Bail Out Expropriated Ex Gazprom Unit

  Published 13 June 2022 | viewed 4,760 times

  Germany could lend up to $10.4 billion (10 billion euro) to bail out a former unit of Russia’s Gazprom, which the German government expropriated earlier…

• Norway Oil Industry Avoids Strike

  Published 13 June 2022 | viewed 3,199 times

  Norway's oil companies managed to strike a deal with oil workers' unions in principle, avoiding, for the time being, the risk of a strike that…

• Libya’s Oil Exports To Dip Again Amid Renewed Port Blockades

  Published 10 June 2022 | viewed 3,165 times

  Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close…

• Russia And China Boost “Friendly” Ties As River Bridge Opens For Cargo Traffic

  Published 10 June 2022 | viewed 3,940 times

  Russia and China boosted their “friendly” cooperation on Friday after starting cargo traffic on the first bridge on the Amur river to connect Russia with…

• Russia Claims It Won't Cut Off Gas Supply To More EU Customers

  Published 09 June 2022 | viewed 5,574 times

  Russia does not plan to stop natural gas supply to more customers in Europe, Kremlin spokesman Dmitry Peskov said on Thursday. Customers that have refused…

• OECD: EU Ban On Russian Crude Is Causing A Significant Negative Economic Effect

  Published 09 June 2022 | viewed 5,930 times

  Russia's war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General…

• Crude Exports Disrupted As Venezuela Begins Asking For Advance Payments

  Published 09 June 2022 | viewed 15,011 times

  Venezuela’s PDVSA has started asking spot market buyers of its crude oil to pay in advance for the shipments after several recent payment defaults, Reuters…

• U.S. Natural Gas Prices Drop After Explosion At Freeport LNG Terminal

  Published 08 June 2022 | viewed 50,796 times

  An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue…

• Exxon Passes $100 Mark For First Time Since 2014

  Published 08 June 2022 | viewed 3,326 times

  ExxonMobil stock saw a more than 2% boost in share prices on early Wednesday trading, marking a significant comeback for an oil giant that has…

• Ukraine To Halt Coal, Oil, Gas Exports Ahead Of Critical Winter

  Published 08 June 2022 | viewed 27,730 times

  Anticipating a winter season defined by severe energy crisis, Ukraine will halt all exports of coal, natural gas and oil, Ukrainian President Volodymyr Zelensky said…

• Pakistan Cuts Work Week Amid Severe Energy Crisis

  Published 08 June 2022 | viewed 3,487 times

  Pakistan is reverting back to a five-day work week in an effort to reduce energy and fuel consumption as its energy crisis worsens in the…

• Environmentalists Challenge EU-Backed Gas Projects

  Published 07 June 2022 | viewed 2,176 times

  Several environmental campaign groups said on Tuesday that they are challenging the European Union over its support for 30 natural gas projects under a directive…

• Kazakhstan Sees Oil Exports Constrained Due To Sanctions On Russia

  Published 07 June 2022 | viewed 3,976 times

  Rising costs and sanctions on Russia have lowered the profitability of oil exports for Kazakhstan’s state oil and gas firm KazMunayGas, which has been forced…

• Russia’s Oil Export Earnings Set To Decline On Heavily Discounted Urals

  Published 06 June 2022 | viewed 4,808 times

  While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from…

• Russia Sanctions U.S. Energy Secretary

  Published 06 June 2022 | viewed 2,883 times

  The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency…

• Kazakhstan Could Be Forced To Halt Gas Exports In 2023

  Published 06 June 2022 | viewed 11,558 times

  The head of Kazakhstan’s national gas company sounded the alarm bells Monday over a looming energy crisis, suggesting that the country may be forced to…