Besides Iran itself, European refiners are among those with most at stake in the negotiations to revive the 2015 Iran nuclear deal and lift US sanctions on Iranian oil exports. The negotiations hang in the […]
There are several reasons to be short crude oil currently – economic recession in the U.S. and looming recessions in Europe, ongoing lockdowns in China, the vested interest of the U.S. in keeping oil below US$75 per barrel of […]
Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as sanctions against the two countries are likely to pose supply problems, according to Rystad Energy’s research. Rystad Energy […]
Germany’s Schwedt oil refinery has started processing US crude blended with Russian Urals, according to a person familiar with the matter. US crude brought in from Rostock on Germany’s Baltic coast currently accounts for about […]
(Bloomberg) — Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from shrinking […]
“Make no mistake, it is not about fossil vs. renewable. It is about getting low-cost power to help elevate humanity from poverty with the least amount of negative impact on the environment.” -Stu Turley I […]
Germany’s gas storage facilities have reached a fill level of 75%, two weeks ahead of schedule, the country’s top regulator said, as Europe’s biggest economy tries to shore up supplies cut by Russia. “The first […]
Gareth Leather, Senior Economist in the Emerging Asia team at Capital Economics, wrote a note to clients highlighting the enormous ramifications to the world economy from the Chinese military drills currently ongoing off the coast […]
Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and […]
Europe is moving back to coal as a last-resort solution to counter its energy crisis. Global coal consumption could reach levels we haven’t seen in a decade. Countries such Austria, Poland, the Netherlands and Greece […]
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