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Goldman Sachs on Friday predicted a modest decrease in Iranian crude oil production as a result of expected policy changes and tighter sanctions from the administration of incoming U.S. President Donald Trump. The investment bank’s base case anticipates a 300,000 barrel-per-day (bpd) drop in Iran’s crude supply to 3.25 million bpd by the second quarter …
Goldman Sachs Forecasts Decline in Iranian Oil Supply by Q2 Read More »
By Marianna Parraga Oil shipments to the U.S. rose 64%, to India up sixfold Crude oil production up 17% in first 11 months of last year HOUSTON, Jan 3 (Reuters) – Venezuela’s oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state …
Venezuela’s 2024 Oil Exports Climb 10.5% Amid Political Turmoil Read More »
Summary • War ends Russia’s dominance of gas supply to Europe • Norway, US, Qatar replace Russian gas • Loss of Russian gas undermined EU’s competitiveness • Slovakia, Austria have alternative supplies • Heating, hot water cut off in breakaway Moldovan region (Reuters) – Russian gas exports via Soviet-era pipelines running through Ukraine came to …
Russian Gas Era in Europe Ends as Ukraine Stops Transit Read More »
In 2024, the EU shifted towards a cautious, fossil fuel-inclusive energy strategy amid rising costs and public unrest. In 2024, the European Union’s shift back towards fossil fuels began to solidify in earnest. Over the past few years, Giorgia Meloni has become the Prime Minister of Italy, Geert Wilders’ party is the senior partner …
What’s Old is New Again as the European Union is Shifting Back Towards Fossil Fuels Read More »
Record oil production, more Indigenous ownership and inching closer to LNG By Deborah Jaremko It’s likely 2024 will go down in history as a turning point for Canadian energy, despite challenging headwinds from federal government policy. Here’s some of the good news. 10. New carbon capture and storage (CCS) projects to proceed In June, Shell announced it …
Energy North: Top 10 Good News Stories About Canadian Energy in 2024 Read More »
Summary • Ukraine gas transit deal expires on Jan. 1 • European gas price reaction is muted • Russia lost EU gas markets to US, Norway, Qatar • EU industrial decline exacerbated by loss of Russian gas (Reuters) – Russian energy company Gazprom said it would pump a reduced volume of gas to Europe via …
Russia Reduces Gas Flow to Europe via Ukraine on Last Day of Expiring Deal Read More »
State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. Indian state refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about …
India’s BPCL Buys Middle East Grades to Replace Russian Shortfall Read More »
Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia’s once mighty hold over the European gas market. Supplies of Russian gas via Ukraine are due to stop from the …
Russian Gas Flows Via Ukraine for Last Days as Transit Deal Crumbles Read More »
Russia-Ukraine gas transit deal expires at end of year Ukraine has refused to extend the agreement Russia willing to continue delivering gas via Ukraine Slovakia says loss of supplies from east would drive up prices MOSCOW, Dec 23 (Reuters) – Russia said on Monday the situation with European countries that buy its gas through a …
Russia Calls Gas Sales to Europe ‘Complicated’ as Deal With Ukraine Nears End Read More »
(Reuters) – A plan discussed by wealthy nations to throttle tens of billions of dollars in public support for oil and gas projects has broken down without agreement, Bloomberg News reported on Monday. The European Union, UK, the United States and other countries had sought the deal to limit export-credit agency finance for global fossil-fuel …
Plan to Throttle Foreign Fossil Fuel Finance Collapses at OECD, Bloomberg Reports Read More »
