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Breaking News:

Oil Should Stay In Triple Digits: Analyst

News

Oil Should Stay In Triple Digits: Analyst

Oil Should Stay In Triple Digits: Analyst

Jul 01, 2022 at 13:30 | Julianne Geiger

Crude oil prices should stay in the triple digits, Kpler’s head of Sweet Crude Analysis Matt Smith told Yahoo Finance.   There won’t be a continued downward pressure on oil, according…

India Slaps Windfall Tax On Oil Producers And Refiners

India Slaps Windfall Tax On Oil Producers And Refiners

Jul 01, 2022 at 13:23 | Julianne Geiger

India has initiated a windfall tax on the country's oil producers and oil refiners who are exporting more due to the high international price of crude oil and refined products,…

Mexican President Looks To Inaugurate Unfinished Refinery

Mexican President Looks To Inaugurate Unfinished Refinery

Jul 01, 2022 at 11:07 | Latin America Energy Advisor

Mexican President Andre?s Manuel Lo?pez Obrador plans to inaugurate the new Dos Bocas oil refinery on Friday, despite its unfinished status, Reuters reported. While Lo?pez Obrador and En-…

Domestic Demand Helps Russian Oil Production To Rebound

Domestic Demand Helps Russian Oil Production To Rebound

Jul 01, 2022 at 10:58 | Charles Kennedy

The start of the summer driving season and favorable economics for Russian refiners have helped Russia’s oil production to rebound from the lows in April and May, according to government…

India Limits Fuel Exports

India Limits Fuel Exports

Jul 01, 2022 at 10:24 | Charles Hugh Smith

India has stepped up efforts to ensure sufficient energy supplies for the domestic market by imposing limits on fuel exports by introducing export duties. This will hit the profits of…

Baltic States Ready If Russia Cuts Off Access To Power Grid

Baltic States Ready If Russia Cuts Off Access To Power Grid

Jul 01, 2022 at 10:19 | Tsvetana Paraskova

The three Baltic states, in coordination with the European Union, are ready to switch off from the Russian power grid in an emergency, three years before the planned switch, Reuters…

California May Need Fossil Fuel Power To Avoid Blackouts

California May Need Fossil Fuel Power To Avoid Blackouts

Jul 01, 2022 at 09:04 | Irina Slav

California may need to tap fossil fuel-powered generation capacity to avoid blackouts this summer, the AP has reported, citing a proposal signed this week by Governor Gavin Newsom. The…

Russia To Take Over Whole Sakhalin-2 Project

Russia To Take Over Whole Sakhalin-2 Project

Jul 01, 2022 at 08:20 | Irina Slav

A newly set up state Russian company will take over the rights and obligations of Sakhalin Energy Investment Co., the joint venture running the Sakhalin-2 oil and gas project, Reuters…

Biden Says Americans To Suffer High Gasoline Prices For “As Long as it Takes”

Biden Says Americans To Suffer High Gasoline Prices For “As Long as it Takes”

Jun 30, 2022 at 17:12 | Julianne Geiger

Biden said in a Thursday press conference that Americans would suffer high gasoline prices for as long as it takes for Russia to be defeated. New York Times’ Jim Tankersley…

Federal Offshore Oil And Gas Auctions Could Be Limited To Gulf Of Mexico

Federal Offshore Oil And Gas Auctions Could Be Limited To Gulf Of Mexico

Jun 30, 2022 at 15:56 | Julianne Geiger

The Biden Administration could restrict all future federal offshore oil and gas drilling auctions to the Gulf of Mexico area, according to two anonymous Reuters sources, after the U.S. Department…

Uniper In Bailout Talks With German Government As Russia Cuts Gas Supply

Uniper In Bailout Talks With German Government As Russia Cuts Gas Supply

Jun 30, 2022 at 14:45 | Tsvetana Paraskova

German energy giant Uniper, one of the largest customers of Russia’s Gazprom, has initiated talks with the German government on possible measures to stabilize its finances amid low Russian gas…

UK Ready To Pay Companies To Cut Electricity Consumption

UK Ready To Pay Companies To Cut Electricity Consumption

Jun 30, 2022 at 14:09 | Tsvetana Paraskova

The UK’s National Grid is exploring the idea of paying companies in Britain to use less electricity next winter as part of measures to conserve gas and avoid blackouts, Bloomberg…

Environmentalists Speak Out As Armenia Restarts Controversial Gold Mine

Environmentalists Speak Out As Armenia Restarts Controversial Gold Mine

Jun 30, 2022 at 11:42 | Eurasianet

After years of indecision, Armenia appears to be preparing the way to resume the development of the controversial Amulsar gold mine project. On June 18,

Can Putin Convince Tajikistan To Join The Moscow-Led Eurasia Economic Union?

Can Putin Convince Tajikistan To Join The Moscow-Led Eurasia Economic Union?

Jun 30, 2022 at 11:40 | Eurasianet

For his first trip abroad since he sent his country’s armed forces into Ukraine in February, Russian President Vladimir Putin chose Tajikistan. And few are entirely…

Europe’s Power Prices Surge As Market Fears Worsening Supply Crunch

Europe’s Power Prices Surge As Market Fears Worsening Supply Crunch

Jun 30, 2022 at 11:28 | Tsvetana Paraskova

Electricity prices in Europe are soaring again as the market starts to fear that energy shortages this winter would be much larger than expected a few weeks ago. The German…

Suriname Prepares Major Oil Block Offering

Suriname Prepares Major Oil Block Offering

Jun 30, 2022 at 10:28 | Irina Slav

Suriname is preparing to tender some 60 percent of its offshore blocks over the next 12 months, Reuters reported this week, citing a vice-president of the state oil firm, Staatsolie.…

Gazprom Not To Pay Dividend For 2021

Gazprom Not To Pay Dividend For 2021

Jun 30, 2022 at 09:36 | Irina Slav

Russian state giant Gazprom's shareholders voted against dividend payments for 2021, which pushed the shares of the company down by close to 30 percent. "The shareholders decided that in the…

Saudi Arabia May Raise Oil Prices For Asia Further

Saudi Arabia May Raise Oil Prices For Asia Further

Jun 30, 2022 at 09:23 | Irina Slav

Saudi Arabia may hike its official selling price for crude oil sent to Asia for the second month in a row to take advantage of strong premiums for Middle Eastern…

Germany’s Diesel Situation Just Got Worse

Germany’s Diesel Situation Just Got Worse

Jun 30, 2022 at 08:57 | Julianne Geiger

A German oil refinery will halt shipments of diesel—the lifeblood of the economy—and heating oil to customers starting tomorrow, according to Bloomberg sources. German oil refinery Bayernoil GmbH said it…

Oil Likely To Hit $200: SEB Group

Oil Likely To Hit $200: SEB Group

Jun 29, 2022 at 14:04 | Julianne Geiger

Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB…

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