Russia is expected to meet just 25% of EU gas demand this year, its lowest level in more than two decades, the International Energy Agency said July 5. In its latest quarterly gas market report, […]
President Joe Biden is heading to Saudi Arabia to talk about the global energy crisis. Despite saying that his upcoming visit is not about oil, Biden does acknowledge that he would like for the Gulf […]
The United States is calling on Saudi Arabia to increase oil production. Saudi Arabia has maintained its OPEC+ output agreement, refusing to ramp up production. The Kingdom is still maintaining close ties with Russia despite […]
The first half of 2022 is ending with a string of major summits. Meetings of national leaders aren’t usually fateful, but the G-7 summit in southern Germany and the BRICS summit in Beijing are different […]
Top German industries could face collapse because of cuts in the supplies of Russian natural gas, the country’s top union official warned before crisis talks with Chancellor Olaf Scholz starting Monday. “Because of the gas […]
Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase analysts warned. Russia has reduced gas exports to Italy by 15% […]
Three decades ago, Europe decided to open up its energy markets to foster competition, a move meant to bring lower prices for consumers across the continent. Fast forward to 2022, and bills have ballooned while […]
TOKYO — Russian President Vladimir Putin has ordered that the assets of Sakhalin-2, an oil and natural gas development project in Russia’s Far East, be transferred to a newly established Russian corporation without compensation. The […]
Indirect nuclear talks between the United States and Iran have reportedly ended without agreement. The lack of progress has cast doubt on the possibility of any breakthrough in the foreseeable future. Oil prices inched higher […]
More LNG sector investment is needed to respond to the current energy crisis and to aid efforts to phase out Russian gas dependency, G7 leaders have agreed. With global gas prices having reached record highs […]
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