Russia Sees Sanctions Impact on Oil Products, Eyes Crude Export Boost
Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.
Russia Suggests Sweden Has 'Something to Hide' in Nord Stream Blast Probe
Swedish authorities have rejected Russian attempts to investigate the blast themselves.
Oil Rises on China Demand Hopes, But US Inflation in Focus
Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will grow in 2023.
NATO, EU to Boost Protection for Pipelines, Key Infrastructure
Recent Russian attacks have highlighted how dependent many EU and NATO countries are on Russian energy and infrastructure, says Western officials.
EU Energy Regulator To Launch LNG Price Assessment on Jan. 13
After a year of volatile gas prices driven by Russia slashing gas supplies to Europe, regulators want to make LNG pricing more transparent to avoid EU countries bidding against each another for supplies and potentially driving up prices further.
What's Affecting Oil Prices This Week? (Jan. 9, 2023)
Oil prices continue to be negatively affected by the economic news and data associated with the U.S., European, Chinese and Russian economies, according to Stratas Advisors, including indicators that the U.S. is moving closer to recession.
Oil Slides After IMF Says Slowing Growth Engines Portend Tougher 2023
IMF's Kristalina Georgieva said on Jan. 1 that the United States, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global economy.
Putin Says Russia Now One of China's Leading Oil and Gas Suppliers
In 2022, Russian energy exports to China increased in value by 64% and 10% in volume, said Russia's Deputy Prime Minister Alexander Novak Nov. 29.
Germany's Energy Crisis Powers Hydrogen Switch
German firms are considering a switch to hydrogen, a cleaner energy source when produced using renewable power.
European Unity Fended Off a Natural Gas Crisis in 2022—Will it Last?
The EU’s 27 member states were unprepared for the form and magnitude of the energy crisis unleashed by Russia’s invasion of Ukraine. Now, it faces a challenging future.