Oil drops after Russia says some troops returning to bases
Oil fell after Russia said some troops are starting to return to their permanent bases, easing geopolitical tensions that have rallied prices.
Russia
Scotland could help ease Europe’s gas problem
Europe is too reliant on Russian gas. In fact, Europe is too reliant on gas full stop but it being mainly Russian gas makes it even more problematic.
LNG imports will not save Europe if Russia cuts all gas flows
If the disruption to Russian gas deliveries spread beyond flows through Ukraine to include all Russian pipeline exports to Europe, liquefied natural gas (LNG) imports alone would not be able to meet the shortfall and additional supply levers would be required, the latest analysis from IHS Markit shows. Under such an extreme scenario mothballed coal and nuclear power would need to be restarted.
Russia and China strengthen ties with latest gas pipeline deal
Russia and China are strengthening their energy alliance after agreeing another long-term gas pipeline supply deal amid Moscow’s strained relationship with the West over Ukraine and European gas supply issues.
Japan to ensure its own gas supply before aiding Europe
Japan will make sure its own energy demands are met before aiding Europe with shipments of liquefied natural gas (LNG) in the event conflict erupts over Ukraine, according to the nation’s trade minister.
Shell CEO pledges to ‘do whatever we can’ to supply Europe as Russia-Ukraine conflict intensifies
As fears of a Russian invasion of Ukraine intensify, Shell has pledged to act to try to ensure Europe’s energy crisis does not worsen.
Biden scours globe to send Europe gas if Russia hits Ukraine
The Biden administration and European allies are searching the world for surplus natural gas to send to Europe in the event conflict erupts over Ukraine, including approaching China about its supplies, according to people familiar with the matter.
Oil climbs near seven-year high as traders count down to OPEC+
Oil climbed ahead of an OPEC+ meeting that may endorse another modest lift in output, with traders speculating that the actual increase delivered by members could again fall short of the headline figure.
BP’s Russia risk rises again as Ukraine crisis simmers
Of all the international oil majors, BP potentially has the most to lose if the situation in Ukraine triggers a crisis between Russia and the West.
$100 oil may be coming within months, Chevron CEO says
$100 oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said the chief executive of Chevron.
UK energy ‘vulnerable’ to price shock from Russia-Ukraine tensions: OGUK
UK energy prices will be “vulnerable” to the impacts of Russia’s threatened invasion of Ukraine, trade body Oil and Gas UK (OGUK) has warned.
What would war in Ukraine mean for Europe’s energy crisis?
How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.
Global nuclear investments on the rise: $91 billion to be spent in next two years
Nuclear power can be a polarising energy source, but as countries seek cleaner, low-carbon alternatives to fossil fuels, investments in nuclear are projected to soar in the coming years, particularly in China, India and Russia, the latest research from Rystad Energy shows. The consultancy estimates $91 billion will be invested in the global nuclear sector by the end of next year.
European gas slumps as China readies to flood market with LNG
European natural gas slumped as a top LNG importer in China prepares to flood the market with fuel that could further ease supply concerns in the continent.
BP and Rosneft only oil explorers to deliver 1billion+ barrels in 2021
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
Dwindling OPEC+ spare capacity sets oil up for sizzling summer
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies -- potentially setting up crude prices for a sizzling summer.
European gas posts longest declining streak in more than a year
European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch.
Russia’s Novatek eyes foothold in Vietnam LNG market following pact
Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam's PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country.
US poised to release oil from reserve with other nations
President Joe Biden is preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve (SPR) in concert with several other countries as soon as Tuesday, according to people familiar with the plan.
UK forked out more than £18bn on oil and gas imports in first six months of 2021, according to trading figures
The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
Gas spikes yet again in European market dogged by supply worries
European gas surged to the highest level in a month, fueling wider inflation concerns, as delays to a controversial new pipeline from Russia stoked fears of a supply shortage this winter.
Rosneft sees oil edging to $120 as OPEC+ supply hike lags demand
Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and sanctions, according to a Rosneft PJSC executive.
Nord Stream 2 delays send European natural gas price soaring
Russia’s controversial Nord Stream 2 pipeline faces another delay after Germany suspended a key step in the approval process, sending European gas prices surging as much as 12%.
European gas price slides on signs some Russian flows increase
European natural gas prices slipped on signs Russia may be starting to gradually deliver the boost in supplies President Vladimir Putin promised.
Gazprom ships first LNG to India via Northern Sea Route
Russia’s Gazprom (MCX:GAZP) said its Marshal Vasilevskiy vessel passed through the Northern Sea Route (NSR) with a cargo of liquefied natural gas (LNG) for the first time ever. The Russian LNG cargo was delivered under long-term contract to Indian company GAIL.