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HomeInternational News

International News

Indian refiners scout for oil deals ahead of EU ban on Russian crude
International News

Indian refiners scout for oil deals ahead of EU ban on Russian crude

October 5, 2022 Mariel Alumit

Indian Oil Corp, the country’s top refiner, and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said.NEW DELHI: Indian state refiners plan to lock-in more of their crude […]

Energy crisis
Finance

Energy crisis: An EU cap on gas prices would end the market as we know it, experts warn

October 4, 2022 Mariel Alumit

As the European Union stares into the abyss of a potentially catastrophic energy crisis, policymakers are becoming increasingly frantic about what to do next, what message to give and what relief to offer for households […]

Former Pentagon
Geopolitical

Former Pentagon Advisor Says US Likely Attacked Nord Stream Pipelines To Isolate Germany

October 4, 2022 Mariel Alumit

A former Pentagon advisor says the most likely culprits behind the Nord Stream pipeline blasts are the United States and Britain, and that the attack was carried out to prevent Germany from bailing on the […]

OPEC+
International News

OPEC+ considers output cut of up to 2 million barrels per day

October 4, 2022 Mariel Alumit

(Bloomberg) — OPEC+ is considering a reduction in its production limit of as much as 2 million barrels a day, although the impact on global supply could be smaller. The group may discuss a cut […]

Energy
Coal

Energy giants return to fossil fuels like coal as Europe braces for winter

October 4, 2022 Mariel Alumit

“In order to ensure the security of the electricity supply, the Danish authorities have today ordered us to continue as well as resume operations at some of our oil- and coal-fired power stations,” Mads Nipper, […]

Drax
Climate Crisis

Drax: UK power station owner cuts down primary forests in Canada

October 4, 2022 Mariel Alumit

Drax, Britain’s biggest power station, generates electricity by burning millions of tonnes of imported wood pellets  A company that has received billions of pounds in green energy subsidies from UK taxpayers is cutting down environmentally-important […]

Russian Deputy
Geopolitical

Russian Deputy PM says restoration of Nord Stream possible, TASS reports

October 4, 2022 Mariel Alumit

MOSCOW, Oct 2 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Sunday that it was technically possible to restore the ruptured offshore infrastructure of the Nord Stream gas pipelines, TASS news agency reported. […]

Russian
Geopolitical

Russian factory activity expands at fastest rate in September since 2019

October 4, 2022 Mariel Alumit

MOSCOW, Oct 3 (Reuters) – Russian manufacturing activity grew at its fastest rate in 3-1/2 years in September, driven by rises in production, new orders and client demand, a business survey showed on Monday, though […]

Norway
Exploration and Production

Norway Places Soldiers On O&G Facilities, Armed Forces Patrolling

October 4, 2022 Mariel Alumit

After the Norwegian Government increased readiness on the Norwegian continental shelf, the Norwegian Armed Forces enhanced its presence, and soldiers were placed on oil and gas facilities. The Norwegian Armed Forces said they were present […]

Shell, Aramco heads warn of gas, oil supply squeeze
Crude Oil News

Shell, Aramco heads warn of gas, oil supply squeeze – “We are heading in the wrong direction.”

October 4, 2022 Mariel Alumit

The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today. Aramco’s Amin Nasser was relatively sanguine on […]

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