Energy

In a key step to enhance Western sanctions aiming to reorder the global oil market to prevent price spikes and starve Russian President Vladimir Putin of funding for his war in Ukraine, the G7 and […]

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The Group of Seven nations is looking at a price cap on Russian oil. The European Union is discussing a proposal from the G7 to put a price cap on Russian sea-borne oil in the range […]

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More than $100 billion will be invested to produce 100 gigawatts of clean energy globally by 2035 in line with the strategic partnership the United States signed Tuesday with the UAE, the White House announced. […]

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Serious concerns have been raised lately that as the cold weather months approach, fuel costs could go up and worsen inflation due to the seriously low US and global diesel supply.  According to Patrick De […]

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The Biden administration officials plan to announce Wednesday the final, 15 million barrels of oil tranche from its strategic reserve of the disbursement of 180 million announced in March. The new release comes less than […]

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Projections made by the US Department of Energy show that the surging demand and colder temperatures are set to increase natural gas bills in all regions of the US this winter, potentially forcing Americans to […]

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French Finance Minister Bruno Le Maire stressed on Monday that Ukraine war-induced energy crisis could lead to American economic domination and warned that Washington should not be allowed to dominate the global energy market. Speaking […]

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The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies, collectively known as OPEC+ agreed on Wednesday on an output reduction of 2 million barrels per day from November. While the media speculations […]

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OPEC+ will hold a critical meeting tomorrow in Vienna that will ultimately decide whether to cut oil production, a move that would drive up the price of oil.  The Organization of the Petroleum Exporting Countries […]

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After a series of explosions earlier this week disabled Russia’s Nord Stream gas pipelines in the Baltic Sea in a suspected sabotage act, US Energy Secretary Jennifer Granholm warned the US energy industry, including LNG […]

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After both of Russia’s Nord Stream pipelines were damaged and a massive gas leak appeared off the Danish island of Bornholm and Sweden also reported two leaks, Germany appeared to be looking for answers. German […]

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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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