Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are […]
Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said on Thursday, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom. Moscow has for years said […]
Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]
The pipeline Nord Stream 2 would connect Germany directly to Russian gas supply, but it has split opinions in Europe and beyond for years. The tube’s construction in the Baltic Sea is well advanced, but the project […]
Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New […]
Energy News Beat Publishers Note: Germany has been at the forefront of the energy migration to renewables. That being said, Germany has now become more dependent on natural gas to support the large renewable infrastructure. […]
Vostok Oil is one of Russia’s biggest oil projects, comparable in size with the exploration of West Siberia in the 1970s or the U.S. Bakken oil province over the past decade. Rosneft has held talks with international […]
Energy News Beat Publishers Note: This means Russia and other countries that do not have the best interests of the United States has won. We are now at their mercy. More petroleum (including crude oil […]
Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude […]
Russia’s president Vladimir Puit has formally approved the startup of the Pik high-flux research reactor at the BP Konstantinov St Petersburg Nuclear Physics Institute (PNPI), part of the country’s Kurchatov Institute national research centre. “I […]
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