Shell LNG Outlook Highlights Risks to US Gas Market
Shell Plc said the rising role for U.S. supply in the global LNG market will increase exposure to U.S. gas market risks, the European energy major announced in its LNG Outlook 2023.
Oil Futures Slip as Market Apprehensive of U.S. Interest Rate Hikes
Losses were limited by oil supply concerns after Russia halted exports to Poland via a key pipeline.
What's Affecting Oil Prices This Week? (Feb. 27, 2023)
The price of oil has stayed consistent with predictions that key factors such as global supply, geopolitics and oil demand would have a neutral effect on prices.
Italy’s Eni Tapping African Gas to Replace Russian Molecules
Italian energy major Eni has helped stabilize energy supplies in Italy and Europe after Russia’s invasion of Ukraine in February 2022 and expects its African gas projects to completely displace Russian gas volumes by 2025.
Russia's Lukoil Looks to Sell Stake in Ghana's Pecan Field
Lukoil is talking directly to potential buyers for its offshore Pecan oilfield stake because investment bankers are not getting involved due to western sanctions on Russia.
Ukraine War’s Lesson: Energy Security Begins at Home
A year after Russia’s invasion of Ukraine, the importance of energy security remains a key lesson, expert says.
Oil Settles Up 2% on Tightening Supply, Demand Concerns
WTI crude futures settled up $1.44, or 2%, to $75.39 a barrel, ending a sixth session losing streak.
Wintershall Dea Looks Ahead After Closing Door on Russia
Wintershall looks to new geographies following its withdrawal from Russia, which cost billions of euros.
Albania Seizes 22,500 Tonnes of Suspected Russia Oil
Albania was one of the first countries to introduce sanctions on Russia a year ago when Moscow launched attacks on Ukraine.
EU Countries Approve Early Carbon Market Auctions
The plan will raise 20 billion euros (US$21.3 billion) in grants from the EU carbon market, partly by holding carbon permit sales earlier than planned as part of efforts to wean off Russian gas.