Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days as the OPEC member begins […]
Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies. Shipments returned […]
Cyprus’ Ministry of Energy, Commerce, and Industry and Chevron have agreed to further their cooperation on the viable and efficient development of the Aphrodite field. In this regard, the Minister of Energy Natasa Pilides and […]
LONDON/KYIV, July 21 (Reuters) – Russian gas began flowing to Europe via a major pipeline on Thursday after a 10-day pause but fears of broader supply cuts remained and Russian forces in Ukraine were seen […]
FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the euro zone economy reels […]
During US President Joseph Biden’s trip to Saudi Arabia, the world was so focused on how Crown Prince Mohammed bin Salman would respond to his plea to pump more oil immediately that it missed a […]
ConocoPhillips chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead. Ryan Lance, head of […]
BERLIN, July 18 (Reuters) – Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of […]
Some ESG funds have started to include traditional energy stocks in their portfolios. ESG-focused U.S. mutual funds saw in May the first net withdrawals from funds since December 2018. Especially in Europe, funds have an […]
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any major resurgence of covid in […]
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