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
Category: Energy
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
Russian oil is kept flowing thanks to commodity trading houses.
According to ship monitoring, traders, and shipping sources, commodity dealers such as Trafigura and Vitol helped keep Russia’s oil flowing through its Baltic and the
Putin’s demand for payment in roubles confounds Asian gas buyers.
On Thursday, Asian importers of Russian gas scrambled as Russian President Vladimir Putin declared “unfriendly” countries must pay in roubles for Russian gas, the latest
Saudi Arabia is increasing its oil investments as the price of crude rises.
Saudi Arabia’s state oil giant, Aramco, announced on Sunday to increase spending by approximately 50% this year as it reported a tripling in 2021 profits,
Europe erupts in turmoil over high energy costs and record inflation.
High energy costs are causing instability in parts of Europe, with Spain sending more than 23,000 police officers on Friday to deal with a truckers’
Gazprom, Russia’s state-owned energy company, said gas exports via Ukraine will continue at the same rate.
Gazprom, a Russian natural gas supplier, announced on Saturday that gas exports through Ukraine would continue at the same rate of 109.5 million cubic metres
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