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US-Germany Nord Stream 2 Deal Prompts Ukraine to Request Consultation with EU

July 23, 2021 Elizabeta Bozinovska

Kiev invoked on Friday the Articles 274 and 378 of the EU-Ukraine Association Agreement requesting consultations regarding the Nord Stream 2 pipeline deal between the US and Germany, EU Spokeswoman for Foreign Affairs Nabila Massrali […]

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Iran Begins Exporting Oil through New Pipeline Bypassing Hormuz Strait

July 23, 2021 Bojan Stojkovski

Iran on Thursday officially began exporting oil through a new pipeline bypassing the Strait of Hormuz. Iranian President Hassan Rouhani said in an online ceremony that this is a response to the United States’ sanctions […]

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Russian Ambassador to US Calls American Policy on Nord Stream 2 Unfair Competition

July 21, 2021 Elizabeta Bozinovska

Russian Ambassador to the United States claims the US administration’s policy on the controversial Russian natural-gas pipeline is an example of unfair competition on the global market, but hopes that the US would eventually realize […]

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California Increases Gasoline Tax, Price Now above 50 Cents for Gallon

July 2, 2021 Dime

The State of California has raised its gas tax on Thursday, although the cost of one gallon of gasoline in this pacific country is more than $1 over the national average cost, Fox News informed. […]

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John Kerry Says Saudi Arabia Fully Devoted to Shifting to Renewable Energy

July 2, 2021 Dime

According to US President Biden’s special envoy for climate, John Kerry, Saudi Arabia is devoted to the efforts to stimulate the transition to renewable energy, Arab News informed. Kerry put an emphasis on the green […]

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Gates Claims U.S. Can Deal with Climate Change with Nuclear Power Plants

June 13, 2021 Elizabeta Bozinovska

Although disputed by scientists, Microsoft co-founder Bill Gates, who has spearheaded several initiatives on the research and development of clean energy, still claims that nuclear power will help the world deal with climate change and […]

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Massive Fire Breaks Out at Tehran Refinery

June 3, 2021 Bojan Stojkovski

A massive fire broke out in the Iranian capital of Tehran on Thursday, devastating one refinery, Iranian media reported. “The fire at the refinery has been contained and will be completely extinguished by noon,” Shaker […]

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US, Germany Discuss “Nord Stream 2” Pipeline

June 3, 2021 Bojan Stojkovski

U.S. President Joe Biden’s national security adviser, Jake Sullivan, and German Chancellor Angela Merkel’s foreign policy and security adviser, Jan Hecker, discussed Russia’s second export pipeline across the Baltic Sea, Nord Stream 2, and a […]

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Saudi Arabia Increases Daily Oil Production to 8.4 Million Barrels in May

June 2, 2021 Bojan Stojkovski

Saudi Arabia increased its oil production to 8.482 million barrels per day in May, Saudi Energy Minister Prince Abdulaziz bin Salman said. The minister indicated that this number corresponds to the previously estimated production. According […]

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Memorial Day Travelers to Pay Highest Gas Prices in 7 Years

May 28, 2021 Elizabeta Bozinovska

Motorists this week will be greeted with the most expensive Memorial Day weekend gas prices in the last seven years after the Colonial Pipeline shutdown, The Hill reports quoting AAA. Although the national average has […]

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Biden Administration Supports Trump Approved Alaska Oil Drilling

May 27, 2021 Elizabeta Bozinovska

Despite President Joe Biden’s pledge to pivot the country away from fossil fuels, his administration defended on Wednesday proposed ConocoPhillips oil development in Alaska, Trump-era project pushed by Alaskan Sen. Lisa Murkowski, Politico learns. The […]

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President Biden to Take Additional Activities after Massive Colonial Pipeline Ransomware Attack

May 11, 2021 Focus Washington

President Joe Biden and his administration are contemplating additional activities after the massive cyberattack targeting one of the largest fuel pipelines in the US. Last Friday, the Colonial Pipeline discontinued its operations and notified federal […]

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Energy Secretary Granholm Considers Federal Subsidies for Nuclear Power Plants

May 8, 2021 Focus Washington

Biden Administartion is considering federal support for the nuclear industry aimed at bolstering carbon-free energy to meet emission goals, Fox News informed. Jennifer Granholm, the Energy Secretary said that DOE did not subsidize plants in […]

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White House: President’s Approach to North Korea Nuclear Policy Aimed at Complete Denuclearization

May 3, 2021 Focus Washington

Jake Sullivan, National Security Advisor, affirmed that President Joe Biden’s approach to North Korea’s Nuclear Policy is aimed at complete denuclearization and not towards new hostilities, Fox News informed. Sullivan emphasized this for ABC’s This […]

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Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor

April 28, 2021 Focus Washington

Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company, Voice of America (VoA) […]

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Saudi Arabia’s Breakeven Oil Price To Drop To $65 Next Year

April 13, 2021 Focus Washington

Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers this year and next, with […]

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Biden Plan Calls for $100 Billion in New EV Consumer Rebates

April 8, 2021 Focus Washington

The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, according to a Transportation Department email […]

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Saudi Aramco CEO Says Oil Giant Can Still Meet Dividend Expectations as Crown Prince Prioritizes Investments

April 1, 2021 Focus Washington

The chief executive of the world’s biggest oil company said Wednesday he believes it will still be able to meet dividend payout expectations after Saudi Arabia’s government announced plans to prioritize investments, CNBC reported. Crown […]

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OPEC+ Panel Says Uncertainties May Impact Oil Demand Recovery

March 31, 2021 Focus Washington

OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures, according to a report from the group’s experts panel meeting seen […]

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Oil Falls on Hopes That Suez Canal Blockage Might End Soon

March 29, 2021 Focus Washington

Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes the busy waterway would soon be reopened and as fuel demand in Europe stayed weak, […]

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Oil Prices Rise 2% on Fears Suez Blockage May Last Weeks

March 26, 2021 Focus Washington

Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would […]

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Democratic U.S. Senators Urge Biden to Speed Sanctions over Nord Stream 2

March 24, 2021 Focus Washington

Two senior U.S. Senate Democrats urged President Joe Biden’s administration on Tuesday to apply all its diplomatic weight to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure from members […]

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Blinken Warns Germany over Nord Stream 2 Pipeline

March 23, 2021 Focus Washington

U.S. Secretary of State Antony Blinken said on Tuesday the Nord Stream 2 pipeline being built from Russia to Germany ran counter to the European Union’s own interests and could undermine Ukraine, Reuters informed. Germany […]

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Saudi Arabia Warns Attacks on Oil Targets Threaten Global Economy

March 10, 2021 Focus Washington

Saudi authorities said on Tuesday that terrorist attacks on oil installations in the Kingdom are attacks on the global economy, Arab News reported. During the weekly cabinet meeting, chaired by King Salman, ministers reviewed the […]

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Oil Scales One-Year Peak as OPEC+ Rolls over Output for April

March 5, 2021 Focus Washington

Oil rallied more than 4% on Thursday, hitting its highest in over a year, after OPEC and its allies agreed to keep production unchanged into April, reasoning that the demand recovery from the coronavirus pandemic […]

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Oil up as OPEC+ Considers Rollover Rather Than Raising Output

March 3, 2021 Focus Washington

Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave […]

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Renewable Diesel Boom Highlights Challenges in Clean-Energy Transition

March 3, 2021 Focus Washington

For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants, Reuters writes. He works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into a […]

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Oil Slips on Fears over Higher OPEC Supply, Slower China Demand

March 2, 2021 Focus Washington

Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand, Reuters informed. Brent […]

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OPEC, U.S. Oil Firms Expect Subdued Shale Rebound Even as Crude Prices Rise

February 22, 2021 Focus Washington

OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies, Reuters informed. […]

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Oil Drops as Investors Gauge Big Chill Impact on U.S. Refineries, OPEC+ Output Rise

February 19, 2021 Focus Washington

Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, […]

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