Kremlin Says Those Behind Nord Stream Blasts Must be Punished
An investigative journalist said in a blog post that U.S. navy divers had destroyed the pipelines, but the White House denies the report.
Former Bulgaria Energy Minister Charged with Mismanagement of Gas Deals
Bulgarian investigators charged former energy minister Alexander Nikolov with mismanagement and former deputy energy minister Danail Nikolov with malfeasance, as part of the same probe.
Fire Breaks Out at Russian Oil Refinery Near Ukrainian Border
The blaze is said to have been caused by a "violation of technological process."
What's Affecting Oil Prices This Week? (Feb. 6, 2023)
Stratas Advisors maintained the view that Brent crude futures will remain in the $80/bbl to $90/bbl range following OPEC+'s Joint Ministerial Monitoring Committee meeting on Feb. 1.
Russia Fuel Oil Heading East as EU Embargo Takes Hold
Traders have diverted oil cargoes to Asia and the Middle East in the wake of the EU's full embargo of Russian oil products, which went into effect on Feb. 5.
Western Sanctions Push Russia's Energy Revenues to Lowest Level Since 2020
The west was previously Russia's largest energy market but has sanctioned its energy exports since the country's invasion of Ukraine.
Europe Must Prepare for Next Winter, Energy Pundits Say
In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.
EU Must Extend Gas Demand Curbs to Prepare for Next Winter
Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel.
BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use
The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.
Russia Seeks $220 Million in Unpaid Taxes from Exxon
The Sakhalin regional court website lists a claim against Exxon Neftegaz Ltd, Exxon's Russian subsidiary, and the case's hearing scheduled for Feb. 28.