Europe’s Gas Market Is Still Counting on Russian Supplies

A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine. Europe’s natural-gas supply seems a lot less secure even than a few weeks ago. Last month, Moscow said it would end deliveries to Poland and Bulgaria, and the stakes rose again this week, after Ukraine’s gas-transport … Read more

Oil eases as China lockdowns weigh on demand outlook

SINGAPORE: Oil edged lower on Friday as China‘s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Brent crude futures dipped 4 cents to $107.55 a barrel by 0040 GMT after rising 2.1% in the previous session. The front-month … Read more

Oil edges lower as mass COVID testing begins in China

Oil prices edged lower in early Asian trade on Thursday as concerns about rising coronavirus cases in China, the world’s biggest oil importer, weighed on futures markets. China’s capital Beijing reported 48 new symptomatic and 2 new asymptomatic COVID-19 cases for April 27, state broadcaster CCTV reported on Thursday. The city recorded 31 symptomatic cases … Read more

Biden Administration Restores Stricter Environmental Reviews

WASHINGTON—The Biden administration is restoring stricter environmental standards for approving new pipelines, highways, power plants and other construction projects, including requiring consideration of how such projects might affect climate change. The changes announced Tuesday reinstate National Environmental Policy Act measures that had been removed by former President Donald Trump, who said that federal regulations were … Read more

Oil prices rise on tight supply outlook as Russia spurns peace talks

Oil prices climbed on Wednesday on worries that sliding output in sanctions-hit Russia, the world’s second-biggest oil exporter, will tighten supply after Moscow said peace talks to resolve its invasion of Ukraine had come to a dead end. Brent crude futures rose 59 cents, or 0.6%, to $105.23 a barrel at 0053 GMT, while U.S. … Read more

Oil extends losses on reserves release, Yemen truce

SINGAPORE: Oil prices extended losses on Monday as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East. Brent crude futures fell 79 cents, or 0.8%, to $103.60 a barrel by 0037 GMT while U.S. West Texas Intermediate crude … Read more

Oil rises on supply tightness despite “constructive” Ukraine-Russia talks

MELBOURNE: Oil prices climbed on Wednesday, erasing losses from the previous session, on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showed U.S. crude stocks fell sharply last week. Brent crude futures touched a high of $112.78 shortly after opening and were up … Read more

U.S. says it is discussing further coordinated oil release with allies

The United States and its allies are discussing a possible further coordinated release of oil from storage to help calm oil markets in the wake of Russia‘s invasion of Ukraine, U.S. energy secretary Jennifer Granholm said on Thursday. “With respect to the emergency stockpiles, these are ongoing discussions and all those tools are certainly on … Read more

Russia’s Oil-and-Gas Industry Is Starting to Feel the Bite of Sanctions

President Vladimir Putin’s war in Ukraine, and the wave of Western sanctions in response, is starting to hit Russia’s economic engine: Its prodigious oil-and-gas industry. The U.S. and Canada have barred the little Russian oil they import, while the European Union is considering a ban. But for the most part, Western sanctions have so far … Read more

Russia-Ukraine war: Russia admits using thermobaric weapons, UK says; fears Putin could use chemical attack – live

Victor Zhora, the deputy chief of Ukraine’s State Service of Special Communications and Information Protection, emphasized his department was planning for a contingency, but that it is being considered at all suggests Ukrainians want to be ready for any Russian threat to seize sensitive government documents. “We are preparing the ground,” Zhora said. Plan A … Read more