Hungary, Serbia Agree to Build Pipeline to Ship Russian Oil to Serbia

Hungary has been one of the Eu's most vocal critics of the organization's sanctions imposed on Russian oil and gas since the country is heavily reliant on it.

October 10, 2022

Experts: When Putin Came to Shove, a Pragmatic Europe Returned to Fossil Fuels

Without Russian natural gas, European governments scramble for enough LNG, but will settle for coal this winter, panelists say at Baker Institute conference.

October 10, 2022

Putin Orders Russia to Seize Exxon Mobil-Led Sakhalin 1 Project

Earlier this year, Exxon Mobil took a $4.6 billion impairment charge for exiting the Sakhalin 1 oil and gas project, its largest investment in Russia, although its head of upstream operations said on Oct. 4 it was still working with its partners on its exit.

October 7, 2022

Europe to Face ‘Miserable’ Winter, Tellurian’s Souki Says

Tellurian Executive Chairman Charif Souki also urged Europe to invest in U.S. liquefaction projects to assure future energy supply while also dodging a question about the future of Tellurian’s Driftwood LNG project during an industry event in London.

October 7, 2022

Natural Gas and Putin’s Trap: Let Them Eat Cake

Germany and the EU took Russia’s bait and sprung Putin’s 20-year trap—and the global food supply is caught in the web with them, according to veteran natural gas market expert and Mercator Energy president, John Harpole.

October 7, 2022

Europe’s Winter is Coming But Can LNG Cope with What Happens Next?

Leaders of some of the world’s largest LNG companies said stocks depleted this winter and in the summer months that follow are likely to make resupplying the continent even more onerous.

October 7, 2022

Why Russia Stands to Gain Most from OPEC+ Oil Output Cuts

Washington accused OPEC of siding with Russia and called the decision short-sighted saying the world was already suffering from high energy costs due to Russia’s invasion of Ukraine.

October 6, 2022

Shell CEO Says Governments Obsessed with Energy Affordability

Shell CEO Ben van Beurden says many governments around the world are now obsessed with energy affordability, a key element of the energy “trilemma.”

October 4, 2022

US Treasury Seeks Phased G7 Oil Sanctions as EU Ban Looms

Senior U.S. treasury official Ben Harris told the Argus European Crude Conference in Geneva that G7 sanctions will target Russian crude oil, while later ones will focus on diesel and a third phase will tackle lower value products such as naphtha.

October 4, 2022

Indian Refiners Scout for Oil Deals Ahead of EU Ban on Russian Crude

India, which rarely used to buy Russian oil, has emerged as Moscow’s second-largest oil customer after China.

October 4, 2022