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Oil prices down despite Russian production cuts
Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.
Sans-titre-2023-02-13T172146.972
Oil prices down despite Russian production cuts
Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.
Sans-titre-2023-02-13T172146.972
Ansaldo Energia signs a 160 million euro contract with AzerEnerji
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
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Ansaldo Energia signs a 160 million euro contract with AzerEnerji
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
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Keystone pipeline leak to cost TC Energy $480 million
TC Energy announced Thursday that the aftermath of the December oil spill in Kansas will cost it $480 million. The amount includes costs incurred for cleanup, surveys and feedback. According to the initial investigation, the leak was caused by a combination of factors, including pressure that could lead to deformation of the pipeline and a weld defect.
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Keystone pipeline leak to cost TC Energy $480 million
TC Energy announced Thursday that the aftermath of the December oil spill in Kansas will cost it $480 million. The amount includes costs incurred for cleanup, surveys and feedback. According to the initial investigation, the leak was caused by a combination of factors, including pressure that could lead to deformation of the pipeline and a weld defect.
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South African industry threatens the country’s energy transition
A study by the environmental NGO InfluenceMap reveals that South African companies, despite their support for renewable energy, continue to support the use of coal and natural gas. Their lobbying for fossil fuels jeopardizes the country's climate goals.
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South African industry threatens the country’s energy transition
A study by the environmental NGO InfluenceMap reveals that South African companies, despite their support for renewable energy, continue to support the use of coal and natural gas. Their lobbying for fossil fuels jeopardizes the country's climate goals.
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Oil: Lower demand in the US and uncertain recovery in China
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
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Oil: Lower demand in the US and uncertain recovery in China
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
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United States: Crude oil up 2.4 million barrels
While strategic reserves remained unchanged, U.S. commercial crude inventories rose by 2.4 million barrels last week according to figures released by the EIA. Rising inventories have led to a surge in refinery capacity utilization and record U.S. consumption of petroleum products at 20.5 million barrels per day.
Baril-de-petrole-illust-position-Russie-nov-2018
United States: Crude oil up 2.4 million barrels
While strategic reserves remained unchanged, U.S. commercial crude inventories rose by 2.4 million barrels last week according to figures released by the EIA. Rising inventories have led to a surge in refinery capacity utilization and record U.S. consumption of petroleum products at 20.5 million barrels per day.
Baril-de-petrole-illust-position-Russie-nov-2018
Record profits for oil “super majors” in 2022
The year 2022 was a successful one for the major oil companies, which raked in $151 billion in net income. However, not everyone is happy with these profits, with governments and NGOs questioning their relevance in the midst of a global energy and climate crisis.
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Record profits for oil “super majors” in 2022
The year 2022 was a successful one for the major oil companies, which raked in $151 billion in net income. However, not everyone is happy with these profits, with governments and NGOs questioning their relevance in the midst of a global energy and climate crisis.
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First coal shipment in two years between Australia and China
After years of dissension, Australia and China seem to be on the verge of a more positive relationship. The first coal shipment en route to China in over two years is an encouraging sign of warming trade ties between the two Pacific powers. This event represents an important step in stabilizing relations between Australia and China.
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First coal shipment in two years between Australia and China
After years of dissension, Australia and China seem to be on the verge of a more positive relationship. The first coal shipment en route to China in over two years is an encouraging sign of warming trade ties between the two Pacific powers. This event represents an important step in stabilizing relations between Australia and China.
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NexGen Energy Ltd: Expanded exploration program for 2023
NexGen Energy Ltd. today announced the launch of an expanded exploration program for the year 2023, with a clear focus on testing the promising mineralized zones identified in the southwestern Athabasca Basin of Saskatchewan.
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NexGen Energy Ltd: Expanded exploration program for 2023
NexGen Energy Ltd. today announced the launch of an expanded exploration program for the year 2023, with a clear focus on testing the promising mineralized zones identified in the southwestern Athabasca Basin of Saskatchewan.
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Oil: Prices continue to rise
Oil prices rose Wednesday for the third day in a row as analysts forecast higher Chinese demand amid volatility in the global market. Expected U.S. inventories should also influence the market.
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Oil: Prices continue to rise
Oil prices rose Wednesday for the third day in a row as analysts forecast higher Chinese demand amid volatility in the global market. Expected U.S. inventories should also influence the market.
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Mexico boosts its oil exploration in 2023
Private companies should accelerate hydrocarbon exploration and production in Mexico despite the challenges they face.
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Mexico boosts its oil exploration in 2023
Private companies should accelerate hydrocarbon exploration and production in Mexico despite the challenges they face.
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Indonesia approves $3.07 billion for Tuna
Indonesia approves the first development plan for the Tuna offshore gas field. With an estimated total investment of $3.07 billion until production begins. The project is expected to assert Indonesia's sovereignty in the South Sea, which is subject to numerous tensions with China.
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Indonesia approves $3.07 billion for Tuna
Indonesia approves the first development plan for the Tuna offshore gas field. With an estimated total investment of $3.07 billion until production begins. The project is expected to assert Indonesia's sovereignty in the South Sea, which is subject to numerous tensions with China.
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Petrolia Ecuador faces cancellation of state debt
Ecuador suspends its debt by refusing to pay the $290 million loan owed to Petrolia Ecuador. Petrolia Ecuador, is a subsidiary of the Canadian public company New Stratus Energy, in South America.
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Petrolia Ecuador faces cancellation of state debt
Ecuador suspends its debt by refusing to pay the $290 million loan owed to Petrolia Ecuador. Petrolia Ecuador, is a subsidiary of the Canadian public company New Stratus Energy, in South America.
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Oil falls again, China in focus
Oil prices continued to decline on Wednesday as concerns over China's health situation intensified while the world's second largest economy is in the grip of a major covid.
Oil falls again, China in focus
Oil prices continued to decline on Wednesday as concerns over China's health situation intensified while the world's second largest economy is in the grip of a major covid.
Turkey Increases Gas Reserves
In Turkey, President Tayyip Erdogan announced that the country's total volume of natural gas is now 710 billion cubic meters.
Turquie-gaz
Turkey Increases Gas Reserves
In Turkey, President Tayyip Erdogan announced that the country's total volume of natural gas is now 710 billion cubic meters.
Turquie-gaz
Japan diversifies its LNG supplies
In Japan, companies are signing several agreements to source LNG from Oman LNG and Venture Global.
Sans-titre-2022-09-16T115023.582
Japan diversifies its LNG supplies
In Japan, companies are signing several agreements to source LNG from Oman LNG and Venture Global.
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Russia: Gas Exports outside the former Soviet bloc fell by 45.5% in 2022
Gazprom's gas exports outside the former Soviet bloc countries fell by 45.5% in 2022, according to announced results.
Russie-Gazprom
Russia: Gas Exports outside the former Soviet bloc fell by 45.5% in 2022
Gazprom's gas exports outside the former Soviet bloc countries fell by 45.5% in 2022, according to announced results.
Russie-Gazprom
Tangguh to Increase Gas Production
Tangguh, Indonesia's LNG plant is expanding its capacity with the addition of a new Train-3 structure.
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Tangguh to Increase Gas Production
Tangguh, Indonesia's LNG plant is expanding its capacity with the addition of a new Train-3 structure.
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Floating Liquefied Natural Gas terminal ship arrives in Finland
A liquefied natural gas (LNG) import terminal ship has arrived in Finland, the state-owned gas grid operator announced.
FSRU
Floating Liquefied Natural Gas terminal ship arrives in Finland
A liquefied natural gas (LNG) import terminal ship has arrived in Finland, the state-owned gas grid operator announced.
FSRU
Russia will ban the sale of its oil to countries using the Ceiling Price on February 1st
Russia will ban the sale of its oil to foreign countries that use the price cap from February 1.
Russie-petrole
Russia will ban the sale of its oil to countries using the Ceiling Price on February 1st
Russia will ban the sale of its oil to foreign countries that use the price cap from February 1.
Russie-petrole
Energy: Europe will pass this Winter, but it is the Next that worries
Europe and Asia are now bidding against each other for cargoes of liquefied natural gas (LNG) produced further away.
Europe-Gaz
Energy: Europe will pass this Winter, but it is the Next that worries
Europe and Asia are now bidding against each other for cargoes of liquefied natural gas (LNG) produced further away.
Europe-Gaz
Sberbank urges Glencore to settle its debt
Sberbank, a Russian bank, accuses Glencore Energy UK of not paying the bill for oil supplied through it.
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Sberbank urges Glencore to settle its debt
Sberbank, a Russian bank, accuses Glencore Energy UK of not paying the bill for oil supplied through it.
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Yamal-Europe ready to go back into service
The Yamal-Europe gas pipeline could resume gas supply to Europe according to Russian Deputy Prime Minister Alexander Novak.
gazoduc
Yamal-Europe ready to go back into service
The Yamal-Europe gas pipeline could resume gas supply to Europe according to Russian Deputy Prime Minister Alexander Novak.
gazoduc
Bulgaria emancipates itself from Russian gas
Bulgaria is negotiating to reserve about 1 bcm/year of import capacity in Turkish LNG terminals.
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Bulgaria emancipates itself from Russian gas
Bulgaria is negotiating to reserve about 1 bcm/year of import capacity in Turkish LNG terminals.
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Piombino, LNG before the courts in Italy
In Piombino, Italy, the administrative court rejects a request for a preventive halt to work on a new LNG terminal.
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Piombino, LNG before the courts in Italy
In Piombino, Italy, the administrative court rejects a request for a preventive halt to work on a new LNG terminal.
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Nord Stream: Denmark lowers its energy vigilance level
Energinet has lowered its level of vigilance, which had been raised after the sabotage of the Nord Stream 1 and 2 gas pipelines.
Nord-Stream
Nord Stream: Denmark lowers its energy vigilance level
Energinet has lowered its level of vigilance, which had been raised after the sabotage of the Nord Stream 1 and 2 gas pipelines.
Nord-Stream

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