The Dutch government has issued 91 waivers from sanctions against Russia since the country invaded Ukraine late in February, RTL Nieuws reports after talking to the Ministries. The ministries shielded the names of the companies involved, the […]
Despite high LNG shipping rates, a few prompt-delivery cargoes in the Atlantic Basin have been diverted to the Pacific Basin ahead of winter’s peak in Northeast Asia, reflecting high storage levels at European terminals, multiple […]
Germany’s Uniper — formerly one of Europe’s biggest buyers of Russian gas — is increasing its focus on LNG as it looks to replace lost volumes from Russia, the company said Nov. 3. Uniper was […]
Saudi Arabia is seeking investment from Australian miners to support its $170-billion plan to build a mining industry and diversify its oil-dependent economy this decade. The kingdom says it’s sitting on top of $1.3 trillion […]
OSLO, Nov 3 (Reuters) – Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency (IEA) […]
Some stakeholders say the U.S. government needs to increase production and expand leasing to oil drilling to avoid a diesel shortage. As persistent inflation strains budgets ahead of the holidays, another shortage threatens to compound […]
COP27 will be uncomfortable for Europe. The continent’s energy crisis following the Russian invasion of Ukraine has upended the lofty objectives set at COP26. In Glasgow, the European Investment Bank and over a dozen European […]
On Wednesday the Federal Reserve announced it had raised interest rates for a fourth time by 75 basis points, although policymakers hinted that they might slow the pace of the increases going forward. However after […]
Authored by Mike Shedlock via MIshTalk.com, I describe the roundtrip process in which Russian oil refined in Italy makes its way to to the US. It’s a real hoot… Image composite from WSJ video […]
WASHINGTON, Nov 2(Reuters) – President Joe Biden’s threat to impose a windfall profits tax on oil companies is unlikely to pass in the U.S. Congress, even if Democrats defy forecasts and manage to maintain their […]
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