When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak at Europe’s biggest liquefied natural gas plant, located above the Arctic circle in Norway.
Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Oil extended gains in Asia after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine.
Oil rose after a three-day slide as investors weighed the fallout from Russia’s invasion of Ukraine and Covid-19 lockdowns in China following its worst outbreak since the start of the pandemic.
The board of Russia’s second-largest oil company, Lukoil, has called for an end to conflict in Ukraine as its shares collapse amid ongoing divestments from the Russian energy sector.
Neptune Energy has asked its affiliates to review any activities in Russia over the country's “unacceptable” invasion of Ukraine.
The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management.
Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch, driving prices to their highest since 2008.
BP (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
Shocking videos have emerged online of Ukrainian emergency services battling a huge blaze at an oil depot.
IOG has backed out of a deal to sell gas to Russian energy giant Gazprom following the “unprovoked” invasion of Ukraine.
Researchers don’t expect the ongoing conflict between Russia and Ukraine to dent the flow of cash to BP (LON: BP) or TotalEnergies (PAR: TTE).