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 […]
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 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 […]
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 […]
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 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 […]
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, […]
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 […]
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 […]
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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