Gas-to-oil switch may not be a huge catalyst for EU crude oil demand

Last week, oil prices ended the week in green, then rose 3.5% tumble almost 10% a week earlier thanks to a weakening dollar after better-than-expected inflation data changed the Fed’s interest rate expectations. Unfortunately, the oil price rally has died down in a dramatic way. WTI and Brent crude are both down more than 5% … Read more

Opinion: Repurposing LNG infrastructure for hydrogen export is not realistic

German Chancellor Olaf Scholz and Prime Minister Justin Trudeau take a walk during their bilateral meeting on the sidelines of the G7 summit at Elmau Castle in Kruen, near Garmisch-Partenkirchen, Germany, on June 27.Kerstin Joensson/AFP/Getty Images Johann Whitmoresenior researcher, chair in Energy Sector Management, HEC Montréal, en Paul MartinChemical Engineer and Process Development Expert, co-founder … Read more

Russia Bans Western Investors From Selling Banking And Key Energy Holdings

Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via video link in the Kremlin in Moscow, Russia, Aug. 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations … Read more

EU tells members to cut gas consumption amid new Putin warning

Nord Stream 1 pipe out of service for maintenance Pipeline resumes Thursday EU says states must act now to reduce gas consumption Germany, others have rationing and other plans BRUSSELS/LONDON, July 20 (Reuters) – The European Union on Wednesday told member states to cut gas consumption by 15% until March as part of a contingency … Read more

Exclusive: Russia’s Gazprom declares force majeure on some gas supplies to Europe

A view shows a screen with Gazprom’s logo at the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia, June 17, 2022. REUTERS/Anton Vaganov/ Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – Russia’s Gazprom (GAZP.MM) has declared force majeure over gas supplies to Europe to at least one … Read more

What’s stopping America from realizing its LNG potential?

The United States is shipping record volumes of liquefied natural gas (LNG) to Europe to help EU allies in their efforts to fill gas storage facilities for the winter amid growing uncertainty over Russia’s gas supply. For the first time, the European Union imported more LNG from the United States than pipeline gas from Russia, … Read more

Putin will kill Russia’s oil and gas economy and Ukraine will eventually get stronger

TOPSHOT – The mother of Ukrainian soldier Lubomyr Hudzeliak, who was killed during the Russian invasion † [+] Ukraine, mourns his flag-draped coffin during his burial at Lychakiv Cemetery, in the western Ukrainian city of Lviv on April 6, 2022. – Nearly 35,000 Ukrainians fled west in 24 hours to escape the Russian war in … Read more