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

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