The benchmark US Natural gas prices have shed over 24% since the start of the year. In the key NYMEX platform, prices edged below $2 last week, its lowest level since September 2020. The resilience of short sellers, lack of new buying interest in anticipation of warmer-than-normal temperatures in the US, and expectations of increased … Read more
Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced on Wednesday. Since Moscow’s invasion of Ukraine last year, European countries have scrambled to replace lost deliveries of natural gas from Russia. Qatar will supply 3.5 million tonnes of gas a year under the … Read more
BP is competing with Petroliam Nasional Bhd or Petronas, the Malaysian state-owned energy company, to invest $1.5-2 billion for a significant minority stake in a new platform wholly owned by the two founders of Greenko, Anil Chalamalasetty and Mahesh Kolli, said people aware of the development. Discussions have advanced with both parties and Greenko is … Read more
London CNN Business — Europe has agreed to a cap on natural gas prices, following months of debate over whether the measure will protect European households and businesses from extreme price spikes as temperatures plummet. In a Monday meeting, EU energy ministers agreed to trigger a cap on the price of month-ahead natural gas futures … Read more
The measure also follows Singapore announcing plans to reduce its emissions target for 2030 to 60 million tonnes of carbon dioxide The measure also follows Singapore announcing plans to reduce its emissions target for 2030 to 60 million tonnes of carbon dioxide Singapore’s energy regulator will be introducing new emissions standards for new and repowered … Read more
CNN — Asmani Dadi had heard rumors about the insurgents. Then, one day, they came true. It was July 2020 and Dadi was a student in the town of Mocímboa da Praia, northern Mozambique. “They came … from the forest and began to kill people. When they found children, … they stole them back to … Read more
Berlin/London CNN Business — Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter. Europe has been hit by soaring natural gas and electricity prices as a result of Russia’s invasion of Ukraine and its throttling of gas supplies. … Read more
Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin’s demand to pay in rubles, the Finnish state-owned energy company said Friday, the latest escalation over European energy amid the war in Ukraine. Finland is the latest country to lose the energy … Read more
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. This week, we saw crude oil prices jump by almost around 10% from Monday’s low in both international as well as … Read more
Countries scrambling to replace Russian oil, gas and coal supplies with any available alternative may fuel the world’s “mutually assured destruction” through climate change, the head of the United Nations warned Monday. U.N. Secretary-General Antonio Guterres said the ‘all-of-the-above’ strategy now being pursued by major economies to end fossil fuel imports from Russia because of … Read more