India’s imports of Russian crude is a win-win situation for the world’s oil markets, said Oil and Natural Gas Corporation Ltd (ONGC), India’s No. 1 oil company. By importing from Russia, ONGC said that India […]
A Bloomberg report that workers on Chevron’s Gorgon and Wheatstone LNG projects have delayed strike action until Friday is being viewed as a sign talks are going well, as strikes were meant to begin Thursday. […]
It seems like oil ministers, analysts, and oil company executives were only yesterday reveling in China’s opening and the return of a strongly bullish oil market. Eight months later, the crude market is struggling to […]
Germany is importing more electricity than ever before after purchasing a record 6,505 gigawatt hours from abroad in August, according to the Federal Network Agency. The federal government has replaced much of the electricity produced […]
By Greg Miller of FreightWaves Clean, green renewables are on the rise. Coal, the dirtiest fuel, is dying. Or so the energy transition line goes. The reality, according to the International Energy Agency (IEA), is […]
Europe’s natural gas reserves are almost full, though that still may not be enough to see the region through winter. The continent’s storage levels hit 90.1% capacity on Aug. 16, according to the latest data […]
India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern […]
Europe’s industrial gas consumers reversed some of their production curtailments in the second quarter of this year, but a significant recovery in industrial demand seems unlikely in the second half of the year as winter […]
By Tsvetana Paraskova of OilPrice.com, China is set to import 40% more crude from Saudi Arabia under term contracts in September despite the unilateral production cut of 1 million barrels per day (bpd) of the […]
(Bloomberg) — France has overtaken Sweden to become Europe’s top net power exporter, while Germany has moved from exporter to importer during the first half of this year. France’s total net exports amounted to 17.6 […]
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