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International
Crude Oil , Trade , International
IEA May Release More Oil If Needed, Says Fatih Birol
IEA Executive Director Fatih Birol also said that the summer may be challenging for the oil market, while winter may be challenging for the gas market.
May 13, 2022
Crude Oil , Trade , International
OPEC Cuts 2022 World Oil Demand Forecast Again on Ukraine War
OPEC cited rising inflation and continued monetary tightening, and lowered this year’s economic growth forecast to 3.5% from 3.9%, adding upside potential was “quite limited.”
May 12, 2022
Liquefied Natural Gas (LNG) , Trade , International
Bulgaria to Receive US LNG Deliveries from June
The arrangement to receive U.S. LNG supplies was agreed at a meeting between Bulgaria Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington, the government said.
May 11, 2022
Exploration & Production , Markets , International
US Asked Petrobras to Raise Oil Output; It Said No: Sources
During a March meeting, U.S. officials asked Petrobras if the company had the capacity to increase short-term production, according to U.S. government and Petrobras sources, who requested anonymity to discuss private talks.
May 10, 2022
Investment , Liquefied Natural Gas (LNG) , Natural Gas , Trade , Legislation , International , Tankers , Pipelines
War’s Scrambling of Gas Markets May Prompt Investors to Return to Energy
Europe’s rejection of Russian natural gas could translate into a boom in infrastructure to meet demand.
May 10, 2022
Crude Oil , International
Russian Oil Output Rising in May, Novak Says
After experiencing a slowdown in oil production in April, production has stabilized and May oil output has risen, according to Russian Deputy Prime Minister Alexander Novak.
May 9, 2022
Crude Oil , International
Russia’s Rosneft Ramps Up Oil Sales to Indian Oil in May
Moscow-based oil company Rosneft increases its sales to Indian Oil Corp. in May, as Russian crude finds an increased presence in India since western sanctions on Russian oil began in February.
May 6, 2022
Crude Oil , International
EU Tweaks Russia Oil Sanctions Plan in Bid to Win Over Reluctant States
The EU will modify its strategy for embargoing Russian oil imports to accommodate Hungary, Slovakia and the Czech Republic, who were worried about the embargo's impact on their economies.
May 6, 2022
Liquefied Natural Gas (LNG) , Natural Gas , Imports , International , Infrastructure , Tankers
Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas
North Sea port is designated as a hub as four FSRUs are secured.
May 5, 2022
Natural Gas , Trade , International
Minister: Finland Prepared for Russia Cutting Gas Supplies
Decisions loom over whether Finland will pay for gas with roubles, and will apply to join NATO.
May 5, 2022