There are a number of factors that have pushed oil prices into the stratosphere, but the rally may be becoming unsustainable. Russia’s war in Ukraine has created a particularly tight oil market, and it could […]
China is slashing liquefied natural gas purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same period last year, according to […]
Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and causing logistics problems. China has […]
China recently unveiled a new plan to drastically expand its energy storage capacity. Now, some 62 million people in the Shanghai area are back in lockdown following an outbreak of COVID-19. Beijing’s ambitious clean energy […]
(Bloomberg) — Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people […]
Despite pledges to contribute to global efforts of reducing emissions, China will continue to maximize the use of coal in coming years as it caters to its energy security, the top Chinese policymakers said this […]
ENB Publishers Note: Sanctions do not work. Iran has found a way around them for years. Russia has already got things lined up to survive sanctions. Only the consumers of all countries buying and selling […]
In what would mark a significant new escalation of the sanctions placed on Russia as a result of its invasion of Ukraine, U.S. Secretary of State Blinken said on Sunday that the United States and […]
(Reuters) – Russia’s demand for written U.S. guarantees that sanctions on Moscow would not harm Russian cooperation with Iran is “not constructive” for talks between Tehran and global powers to revive a 2015 nuclear deal, […]
There is general consensus amongst analysts that oil giant BP will face an uphill struggle to find a buyer for its stake in Rosneft. Governments across the globe have condemned Russia for its invasion of […]
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