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Home2022March

Month: March 2022

Saudi Arabia increases oil investments as it profits from price surge
Exploration and Production

Saudi Arabia increases oil investments as it profits from price surge

March 23, 2022 Mariel Alumit

Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 […]

Renewable Energy - Energy News Beat
Renewables Not Sustainable

Rich countries must stop producing oil and gas by 2034, says study

March 23, 2022 Mariel Alumit

Poorest states should be given until 2050, says research aiming to set out fair way of ending fossil fuel economy Rich countries must end all oil and gas production in the next 12 years, while […]

Europe Faces Systemic Diesel Supply Crunch
International News

Europe Faces Systemic Diesel Supply Crunch

March 23, 2022 Mariel Alumit

Europe risks being exposed to a “systemic” deficit of diesel supply that could worsen and even lead to rationing of fuel, the top executives of the world’s largest independent oil traders said on Tuesday. Following […]

Europe faces struggle to escape Russian gas this year
Geopolitical

Analysis: Europe faces struggle to escape Russian gas this year

March 23, 2022 Mariel Alumit

EU wants to reduce Russian gas imports by two thirds this year EU says 50 bcm of Russian gas could be replaced by LNG Filling storage will be difficult without Russian gas EU faces competition […]

Ann Bridges and Stu Turley -ENB Podcast
Commodities

What do EVs, supply chain crisis, world defense systems, our national security all have in common? Well we talk with Ann Bridges to find out.

March 22, 2022 Stu Turley

Well, one of the phrases I hated during covid was “We live in unprecedented times.” Now I think that 2022 makes 2020 look like “Hold my beer.” The pandemic and supply chain failure was devastating, now […]

The United States imports more petroleum products than crude oil from Russia
EIA News

The United States imports more petroleum products than crude oil from Russia

March 22, 2022

The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia–namely, unfinished oils and fuel oil–is a larger share. U.S. refineries use imported unfinished […]

No Picture
EIA News

The United States imports more petroleum products than crude oil from Russia

March 22, 2022

March 22, 2022 Source: U.S. Energy Information Administration, Petroleum Supply Monthly The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia–namely, […]

2022-03-18_tscbm3vkqc
International News

OPEC’s Best Kept Secret Will Soon Be Revealed

March 22, 2022 Mariel Alumit

Russia’s invasion of Ukraine has sent oil prices soaring and could soon deprive oil markets of more than four million barrels of Russian oil. For decades, OPEC has been looked to in times of crisis […]

‘Crazy’ to talk about shutting down North Sea oil and gas production, says Prime Minister
Crude Oil News

‘Crazy’ to talk about shutting down North Sea oil and gas production, says Prime Minister

March 22, 2022 Mariel Alumit

The UK’s offshore energy industry has welcomed a speech by Boris Johnson warning that it would be “crazy” to shut down North Sea oil and gas production in the face of global shortages and price spikes. The […]

India Buys Russian Oil, Derailing Biden’s Sanctions War
Commodities

India Buys Russian Oil, Derailing Biden’s Sanctions War

March 21, 2022 Stu Turley

ENB Publishers Note: Sanctions do not weigh heavy on Putin’s mind. Simply put, sanctions don’t work. With China and India buying oil at $85 per barrel, this will provide the cash flow he needs to […]

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