Energy

Oil is swinging in prices, fluctuating after the International Energy Agency trimmed its estimates on global demand and the United States mulled when to refill its strategic emergency oil reserves.  Prices edged higher today as […]

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Gas prices may spike again this winter, Treasury Secretary Janet Yellen warned on Sunday, explaining the rise with the fact that on top of halting most of its Russian oil purchases this winter, the European […]

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The influential energy alliance of massive oil producers OPEC+ agreed to cut its October crude output by 100,000 barrels a day, which will revert the output level to August numbers in order to support prices.  […]

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Group of Seven finance ministers has agreed to impose a price cap on Russian oil, but that cap level has not been set yet. The ministers of the wealthy industrial democracies confirmed their commitment to a […]

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The US Strategic Petroleum Reserve (SPR) fell to 450 million barrels at its lowest level since 1984 in the week to Aug. 26, with the crude oil inventory falling by 3.1 million barrels, according to […]

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The former executive vice president at Saudi Aramco, Sadad Al-Husseini, believes that there is not enough capacity in the world to replace Russia’s gas supply to the European Union with LNG. In an interview for […]

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California is expected to ban the sale of new gasoline cars by 2035 in an effort to take dramatic steps to reduce emissions and combat the climate emergency.  State regulators will vote today on the […]

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After three days of gains, oil prices fell on Monday on fears of a global economic slowdown due to aggressive US interest rate hikes that could dent fuel demand and of the possible return of […]

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Russian state energy giant Gazprom announced on Friday it will halt natural gas supplies to Europe via its main pipeline into the region – which runs under the Baltic Sea to Germany- for three days, […]

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Europe has seen a summer of heat and drought, affecting nearly every part of the continent, and every part of the economy. The heat has meant that energy supplies have massively come under strain from the […]

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OPEC cut its 2022 forecast for growth in world oil demand for a third time since April, in contrast with that of the IEA, which raised its demand outlook.  The Organization of the Petroleum Exporting […]

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While the countries in the European Union are imposing gas rationing, Ukrainian Prime Minister Denis Shmigal said on Tuesday that Ukraine will ask the United States for free natural gas deliveries on the same principle […]

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In advance of more Russian gas cuts in Europe, the ministers of the 27 EU member countries agreed on Tuesday to cut their consumption of gas by 15% and reduce their dependence on Russian supplies. […]

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The White House expects that following US President Joe Biden’s trip to the Middle East, the major oil producers in the OPEC+ alliance, including Saudi Arabia, will increase crude production, noting, however, that the process […]

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As part of the efforts to reduce the European Union’s reliance on Russian energy, European Commission President Ursula von der Leyen will travel to Baku on Monday along with Energy Commissioner Kadri Simson to seek […]

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The Saudi Arabian government has promised to increase oil output in July and August, according to the White House, which will “considerably stabilize markets,” Fox News informed. Following private meetings between King Salman bin Abdulaziz […]

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Due to the doubts over the return of the repaired turbine from Canada, the Russian energy giant Gazprom said on Wednesday it could not guarantee the safe operation of a critical part of the Nord […]

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The largest single pipeline carrying Russian gas into Germany and Europe began annual maintenance this week, with flows of gas expected to stop for 10 days. But there are fears that the shutdown could last longer […]

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