Charles Kennedy

Latest articles from Charles

• Iranian-Russian ‘Oil Smuggling’ Network Hit With U.S. Sanctions

  Published 25 May 2022 | viewed 11,656 times

  Washington has imposed sanctions on an oil smuggling network led by figures connected to Iran’s Revolutionary Guards and allegedly backed by the Russian government. “Today,…

• Hungary Imposes Windfall Tax On Energy Companies

  Published 25 May 2022 | viewed 9,850 times

  A day after declaring a state of emergency, Hungarian leader Viktor Orban said on Wednesday that big companies operating in the country, including energy companies,…

• U.S. Sees Chances Of Iran Nuclear Deal As Slim

  Published 25 May 2022 | viewed 1,585 times

  The chances of the world powers reaching a deal with Iran on its nuclear activities that would pave the way toward the removal of the…

• Russia’s Yamal LNG Declares Force Majeure On Some Europe Cargoes

  Published 25 May 2022 | viewed 23,644 times

  Russia’s Arctic Yamal Trade Pet has declared force majeure on some liquefied natural gas cargoes contracted to a former Gazprom trading unit in Europe in…

• Alberta Thrives Amid Oil Rally

  Published 25 May 2022 | viewed 6,361 times

  Just five years ago, Alberta, Canada's oil heartland, was a rather depressed place as its main industry—oil and gas—struggled with the pressure of discount oil…

• Biden Calls Energy Crisis "Incredible Transition"

  Published 24 May 2022 | viewed 8,375 times

  President Biden came under fire from fellow politicians this week after he called the record-high retail fuel prices in the U.S. part of "an incredible…

• American Drivers Set To Pay Record-High Gasoline Prices At Memorial Day

  Published 23 May 2022 | viewed 17,105 times

  The national average for a gallon of gasoline in the United States hit $4.60 on Monday, just over a week ahead of Memorial Day weekend,…

• Tensions Rise As Iraq Prepares To Usurp Kurdish Oil Contracts

  Published 23 May 2022 | viewed 5,058 times

  Tensions are rising between Baghdad and Kurdish officials in the semi autonomous Kurdistan Regional Government in Northern Iraq as Iraq’s Oil Ministry prepares to take…

• Eni, TotalEnergies Start Drilling Offshore Cyprus

  Published 23 May 2022 | viewed 4,230 times

  Italian Eni and French TotalEnergies on Monday began the exploratory drilling of a natural gas well off the coast of Cyprus in the same block…

• EV Sales Are Booming, But Battery Metals Remain A Problem

  Published 23 May 2022 | viewed 2,095 times

  Global sales of electric vehicles (EVs) surged last year and have continued to grow strongly this year, but soaring prices of critical minerals and supply…

• Citi: Soaring Energy Bills Raise Chances Of Windfall Taxes In Europe

  Published 23 May 2022 | viewed 3,439 times

  The higher the energy bills in Europe become, the higher the chances are for a windfall tax on energy companies and utilities, as governments will…

• U.S. Consumer Spending On Gasoline Has Doubled In 12 Months

  Published 19 May 2022 | viewed 4,931 times

  The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to…

• How Allegations Of Bullying And Abuse Caused A Slump In Canadian Oil Trading

  Published 19 May 2022 | viewed 2,010 times

  Trading activity on one Canadian heavy crude contract dropped significantly in mid-April when most brokers at Calgary-based NE2 Group resigned, and the firm is now…

• Shots Fired As Protesters Fail To Stop Oil Tanker From Loading In Libya

  Published 19 May 2022 | viewed 1,729 times

  Protesters on Thursday fired shots outside Libya’s Hariga port in a failed attempt to stop the loading of 1 million barrels of crude oil bound…

• Gas Stations In Washington State Are Running Out Of Fuel

  Published 19 May 2022 | viewed 23,961 times

  Gas stations throughout eastern Washington State are sold out of gasoline, and some are selling only diesel, while nationwide U.S. gas prices hit another all-time…

• Soaring Energy Imports Put Japan’s Economy Under Pressure

  Published 19 May 2022 | viewed 1,197 times

  Crude oil imports into Japan soared by almost 100 percent last month, pushing the resource-poor country's trade balance deeper into deficit territory. The increase in…

• China To Offload 2 Million Barrels of Iranian Crude Despite Sanctions

  Published 18 May 2022 | viewed 18,742 times

  After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of…

• Ex-German Chancellor Could Be Sanctioned Over Rosneft Ties

  Published 18 May 2022 | viewed 1,776 times

  European Parliament is threatening sanctions against Gerhard Schröder unless the former German chancellor, who serves as chairman of the supervisory board of Russian state oil…

• Gasoline Prices Top $6 In California, $9 In Parts Of Europe

  Published 18 May 2022 | viewed 6,147 times

  Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over…

• Russia Increasingly Using Own Oil Tankers To Boost Shipments To Asia

  Published 18 May 2022 | viewed 9,162 times

  Russia’s state-owned oil producers Rosneft and Gazprom Neft have started to use tankers of local state tanker operator Sovcomflot to ship their crude to Asia,…