International
Crude Oil , Trade , International
OPEC's Share of Indian Oil Imports Falls to 15-year Low
OPEC's share shrunk as refiners increased imports from Canada and the United States, data shows.
Legislation , International
Climate Activists Lose Court Case against UK Oil Regulator
"I reject the contention that the strategy is unlawful because the definition of 'economically recoverable' was irrational. It follows that the claimants' claim fails and is dismissed," Judge Sara Cockerill said in the ruling document.
Crude Oil , Imports , International
China Agrees with US to Release Oil Reserves near Lunar New Year
The release of crude stocks by China will occur around Lunar New Year, which falls on Feb. 1, the sources said.
Markets , Legislation , International , Infrastructure , Pipelines
Ted Cruz’s Nord Stream 2 Sanctions Bill Fails in US Senate
Senator Robert Menendez won the support of many of his fellow Democrats, including President Joe Biden, for an alternative bill to impose sanctions on Russia that he introduced on Jan. 12.
Crude Oil , International
Oil Price Spike Leaves Limited Options for Biden
Brent briefly dropped below $70 a barrel, but the effects were short-lived.
Natural Gas , Trade , International
Russia Undermining European Gas Supply amid Ukraine Standoff, IEA Says
In contrast to its dealings with the European Union, Russia is delivering natural gas exceeding its contractual commitments to China, Birol added.
Legislation , International , Pipelines
US Senators Say Cruz Sanctions on Nord Stream 2 Could Harm Relations with Germany
The deal requires the bill to get 60 votes—a high hurdle in the 50-50 Senate. The bill would also have to pass in the House and be signed by President Joe Biden, a Democrat.
Investment , Natural Gas , International , Energy Transition
EU Delays Deadline on Green Investment Rules for Nuclear, Natural Gas
The draft has reignited disputes between EU countries, which disagree on whether natural gas and nuclear are green.
Legislation , International , Pipelines
US Says Nord Stream 2 Sanction Plan by Cruz Would Undermine United Front
The Biden administration has opposed the pipeline as it would bypass Ukraine, depriving it of lucrative transit fees.
Markets , International
Explainer: Why a Niche Fuel Market Reform Triggered Major Kazakh Protests
The protests in Kazakhstan were sparked by a fuel market reform first broached in 2015 that came into effect at the start of the month that sought to remove state price caps for butane and propane.