Opinion: OPEC+ Plays Waiting Game Amid Abnormal Crude Oil Times
OPEC+ has stated intentions to raise crude oil output by 432,000 bbl/d in May, but factors such as the Russian invasion of Ukraine and COVID-19 lockdowns in China could cause setbacks.
Germany Girds for Gas Rationing, Europe on Edge in Russian Standoff
Germany, heavily dependent on Russian natural gas, is bracing for gas rationing as it looks for alternatives to Russian gas amid demands that G7 nations pay for gas from Moscow in Russian roubles.
Poland to Ditch Russian Oil by End of 2022, PM Says
Poland wants its European peers to agree a bloc-wide ban on Russian oil, coal and gas imports, but Germany and some other EU states that rely strongly on Russian energy have opposed that.
‘Find Roubles’ If You Want Russian Oil, Top Lawmaker Warns EU
It was not immediately clear whether such a move could become official Russian policy, though Putin, when announcing the rouble decision for natural gas, said it was only the start of the process.
Caspian Pipeline Outage Forces Kazakhstan to Cut Oil Output by a Fifth
Kazakhstan, a former Soviet republic, will have to cut its oil output by 20% until repairs are done to fully restore capacity of the Caspian Pipeline Consortium’s Black Sea terminal, the ministry said in a statement.
China’s Sinopec Pauses Russia Petchem, Gas Projects
The move by Sinopec, Asia’s biggest oil refiner, to hit the brakes on a potentially half-billion-dollar investment and a venture to market Russian gas in China highlights the risks of unexpectedly heavy Western-led sanctions.
Russia Will Not Supply Gas to Europe for Free, Kremlin Says
While the Russian government is demanding "unfriendly" European countries pay in roubles for Russian imported gas, EU governments are unable to satisfy those demands.
John Harpole: Why It’s time for LNG Diplomacy for Energy Security
Veteran natural gas market expert and Mercator Energy president, John Harpole, has some things to get off his chest about the state of the natural gas markets in the wake of Russia’s invasion of Ukraine.
Kazakh Oil Woes Another Headache for Top Western Producers Chevon, Exxon Mobil
Chevron Corp., Exxon Mobil Corp., Shell Plc, TotalEnergies SE and Italy’s Eni SpA are among international companies with stakes in Kazakhstan’s oil fields.
US, EU Strike LNG Deal as Europe Seeks to Cut Russian Gas
U.S. LNG plants are producing at full capacity and analysts say most of any additional U.S. gas sent to Europe would have to come from exports that would have gone elsewhere.