On Tuesday, Michael Wirth, the chief executive of Chevron, responded to White House officials’ criticism of the oil industry over energy costs by asserting that
Category: Energy
US oil companies exploiting consumers by cutting back refining capacity and reaping jumbo profits. – Biden
President Joe Biden of the United States urged on Wednesday that oil firms explain why they aren’t putting more gasoline on the market, intensifying his
The U.S lifts sanctions on Venezuela due to high oil prices; resumes oil export to Europe.
Refinitiv Eikon data revealed on Friday that a 650,000-barrel shipment of Venezuelan oil chartered by Italy’s Eni is due to make sail, transporting the first
Germany’s Scholz insists that Putin will lose the Ukraine war.
Olaf Scholz, the German Chancellor, has maintained his belief that Russian President Vladimir Putin will lose the war in Ukraine. Scholz claimed Thursday at the
Finland charters floating vessel converter of LNG as Russia cuts off the gas supply.
In the latest escalation of an energy payments dispute with Western nations, Russia’s Gazprom halted gas deliveries to Finland on Saturday. Because of sanctions imposed
Russia hits EU over Ukraine; cut off 2 members from gas supply.
After Russia’s state-controlled energy firm abruptly stopped supplying the two European nations on Wednesday, Polish and Bulgarian presidents accused Moscow of using natural gas to
Shell attributes billions in cash outflows to oil and gas margin calls.
Shell announced on Thursday that it redirected $7 billion of its cash flows to settle huge oil and gas margin calls, making it the first
Biden hits Putin’s adult daughters with “war crimes” sanctions, EU to follow suit.
On Wednesday, President Joe Biden announced a new round of financial penalties against Russia, which he claims will have a long-term impact on the country’s
New Russian oil trades are rejected by China’s state refiners.
China’s state refiners are honoring current Russian oil contracts but avoiding new ones despite deep discounts, heeding Beijing’s demand for prudence as western sanctions against
Ukraine invasion: Windfall profits from exports of U.S LNG rise by 16%, setting a new high.
According to preliminary Refinitiv statistics, liquefied natural gas (LNG) exports from the United States increased over 16 percent last month to a new high, with
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