Oil Heads for Weekly Fall on Iranian Oil Hopes
Brent crude futures fell $1.54, or 1.6%, to $91.43 a barrel and WTI crude futures shed $1.58, or 1.7%, to $90.18 a barrel after sliding 2% on Feb. 17.
Russia on the Eve of War: Indifference, Irony and Gas
Here’s an exclusive look from the headquarters of Russia’s Gazprom, a major supplier of natural gas to Europe, on the eve of a possible war with Ukraine.
Oil Prices Recoup Losses as Russia-Ukraine Tensions Stay High
U.S. West Texas Intermediate crude was up $1.14, or 1.2%, at $93.21 after the contract ended Tuesday's session with a 3.6% decline.
Putin Says Nord Stream 2 Would Cement Europe’s Energy Security
The $11 billion Nord Stream 2 pipeline was built last September across the Baltic Sea from Russia to Germany, but has been idle pending German and EU regulatory clearance.
Feed to US LNG Export Plants Soars as 7th Terminal Loads First Cargo
Venture Global received permission on Feb. 11 from federal energy regulators to load LNG on the first commissioning vessel at its Calcasieu Pass export plant in Louisiana.
Japan to Divert LNG to Europe amid Russia-Ukraine Tensions
"We have decided to respond to requests from the United States and EU for sending LNG to Europe, where gas supply is tight," Minister Koichi Hagiuda said.
Biden Pledges End to Nord Stream 2 if Russia Invades Ukraine
Russian forces crossing into Ukraine would trigger a shutdown of the Nord Stream 2 gas pipeline, said U.S. President Joe Biden at a Feb. 7 White House press conference with the new German Chancellor Olaf Scholz.
Putin Unveils New Gas Deal with China's Xi as Moscow Squares Off with West
The new deal with Beijing would not let Moscow divert gas otherwise bound for Europe, as it involved gas from the Pacific island of Sakhalin, unconnected to Russia's European pipeline network.
Report: Russian Gas Supply Halt Would Deal EU Economic Hit
If Russia cut off all gas, the EU would need to both hike imports of LNG and impose emergency measures to cut demand—such as factory closures—to avoid severe shortages, according to the think tank Bruegel.
US Seeks to Protect Europe’s Energy Supplies if Russia Invades Ukraine
Reporters asked Biden if he would see himself imposing sanctions on Putin if the Russian president invaded Ukraine. “Yes,” Biden responded. “I would see that.”