Following Russia’s reduction in energy deliveries to many nations, Germany activated the second stage of its three-stage emergency plan for natural gas supplies on Thursday,
Category: Energy
Russia to shut down gas supply during winter; EU signals switch to coal.
An EU official announced on Wednesday that the European Union will temporarily switch back to coal in order to deal with slower Russian gas shipments
Chevron CEO chides Biden over Big Oil and urges a fresh approach to inflation.
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
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
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