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.

January 20, 2022

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.

January 18, 2022

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. 

January 14, 2022

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.

January 14, 2022

Crude Oil , International

Oil Price Spike Leaves Limited Options for Biden

Brent briefly dropped below $70 a barrel, but the effects were short-lived.

January 13, 2022

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.

January 12, 2022

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.

January 11, 2022

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.

January 10, 2022

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.

January 7, 2022

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.

January 5, 2022