Sanctions and Strikes Squeeze Russia’s Fuel Oil Flows to Asia
Russia’s fuel oil exports to Asia are set for a third consecutive month of declines in January as the U.S. sanctions deter buyers and Ukrainian attacks on Russian oil infrastructure…
UK and Europe ports agree to study CCS, shipping and infrastructure
UK and European ports are to study the potential of carbon capture and storage shipping corridors between the UK and continental Europe. Two memoranda of understanding have been signed involving…
India Bets on Cheaper LNG
India is in no hurry to sign long-term LNG delivery deals as the country’s price-sensitive buyers stall talks and wait for the coming supply glut to pressure sellers into agreeing…
European Countries Pledge 100 GW of Interconnected Wind Capacity
A dozen European countries made a pledge today to build 100 GW of new wind power capacity as a means of reducing the consumption of oil and gas. For the…
China Opens Lithium Market to Overseas Investors
China will open up futures markets for 14 commodities, including lithium carbonate and nickel, to foreign investors, Bloomberg reported today, citing a statement by the China Securities Regulatory Commission. The…
Repsol approves 100MW green hydrogen plant
Madrid-based integrated energy firm Repsol will build a 100MW green hydrogen plant to supply its Bilbao refinery, after securing funds from the country’s recovery and resilience plan. Expected to be…
EU approves Russia gas ban by late 2027
EU countries have given their approval to ban Russian gas imports by late 2027, four years after the invasion of Ukraine. Countries approved the law in Brussels although Slovakia and…
Analyst Explains ‘Massive Rise’ in USA NatGas Prices Today
In an exclusive interview with Rigzone on Monday, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), said the “massive rise” in U.S. natural gas prices today…
Gold Breaks the $5,000 Barrier as Global Uncertainty Fuels Historic Rally
Gold prices continued to rally in early Asian trading on Monday, with bullion breaking through the $5,000 per troy ounce threshold for the first time in history. At the time…
Cold Weather Forces PJM to Preemptively Secure Gas-Fired Electricity
PJM Interconnection has committed to buy electricity from gas-fired power plants until the end of the month in a rare move aimed at securing an uninterrupted supply during a cold…
