Macron: Saudi Arabia and UAE are nearing the limits of their production capacity. Saudi Arabia’s production quota was raised 114,000 bpd in June and will be raised another 170,000 bpd in July. News about shrinking […]
(Bloomberg) — French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can. The UAE is […]
The Group of Seven nations, a bloc of the world’s leading industrial states, are edging closer to formulating a mechanism which will cap the price of Russian oil as they look to squeeze Moscow’s oil […]
The heads of France’s big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis. “We need to work collectively to reduce our consumption in […]
Plumes of steam towered above two reactors recently at the Chinon nuclear power plant in the heart of France’s verdant Loire Valley. But the skies above a third reactor there were unusually clear — its […]
ENB Editors Note: Sanctions don’t work when imposed, and even California and the Eastern Sea Board of the United States have circumvented sanctions to buy cheap oil from Iran for the last 5 years and […]
LONDON, May 19 (Reuters) – Global distillate fuel oil shortages signal the business cycle is peaking and a period of slower growth or even a recession is imminent to bring consumption back in line with […]
French President Emmanuel Macron called Thursday for a “renaissance” for the country’s nuclear industry, saying he wanted up to 14 new reactors to power the country’s transition away from fossil fuels. Acknowledging that France had […]
TotalEnergies CEO Pouyanné: I’ve no good news to deliver, oil prices will remain high. Continuously growing global oil demand amid muted new investment in production will keep oil prices elevated. Pouyanné’s view that oil prices […]
European officials are scrambling to lock down energy supplies they would need to keep their economies churning if hostilities around Ukraine imperil natural gas piped from Russia, and have turned to the U.S. for help finding backup […]
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