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With prices dropping during the four months since Hamas attacked Israel, producers will need to stick with current curbs. OPEC+ plans to decide in the coming weeks on extending oil supply cutbacks into the second quarter. But its choice looks like an open-and-shut case. Saudi Arabia and its allies are withholding roughly 2 million barrels of daily …
OPEC+ Oil Cut Decision Is Really No Choice at All Read More »
STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed evidence it had uncovered over to German investigators. Here is what we know so far about the blasts, which destroyed three out of four pipelines, …
NORD STREAM: What’s Known About the Mystery Pipeline Explosions? Read More »
Farmers rioting in Paris courtesy of the Associated Press The streets of Paris have been transformed from très chic to ‘tractor chic’ as farmers increasingly challenge European sustainability laws over the past few weeks. What happened: Tractors have been piling up on autobahns as farmers protest in a number of European cities. Spain just joined the protest country list which …
Tractor Jam in the Streets of Europe – ENERGYminute Read More »
Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says it is watching to see what Germany does STOCKHOLM, Feb 7 (Reuters) – Sweden on Wednesday dropped its investigation into the explosions in …
Sweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany Read More »
Reuters A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 barrels per day (bpd) in the South American country, up from about 400,000 bpd in late 2023, the U.S. producer said at a press conference on Tuesday. Guyana has emerged as the world’s fastest-growing new oil province …
Exxon Raises Guyana’s Oil Production to About 645,000 Barrels Per day Read More »
Delays in oil product deliveries due to ships being diverted avoid attacks in the Red Sea are impacting product markets in Europe in particular, an International Energy Agency executive said on Wednesday. “We’re currently seeing a difficult situation with respect to the Red Sea and the Suez canal,” Keisuke Sadamori, IEA’s director of energy markets …
Europe Oil Product Markets Hurting as Red Sea Attacks Delay Deliveries, IEA Exec Says Read More »
MOL says efforts to charter or sell ice-breakers face curbs Operator Novatek PJSC already forced to delay maiden voyage The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui OSK Lines Ltd., threatening exports. The Japanese shipping line can no longer charter the three ice-breaker …
U.S. Sanctions Halt Delivery of New Vessels to Russian LNG Plant Read More »
Firms fret reestablished links with US suppliers may be halted January oil output rose 22% from prior year as sanctions eased Venezuelan President Nicolás Maduro is betting the US won’t revive all of its sanctions as he backslides on a promise of free elections. Inside the nation’s oil industry, local operators are worried he’s wrong. Oil and …
Venezuela Oil Industry Fears Losing Ground if U.S. Revives Sanctions Read More »
Summary EU heavily reliant on Chinese solar panel imports Some European solar manufacturers on brink of collapse Governments, industry split over how to help Europe wants to grow local clean tech manufacturing (Reuters) – Europe’s green energy transition is stuck between a rock and a hard place. A flood of cheap Chinese solar panel imports …
With Solar Industry in Crisis, Europe in a Bind Over Chinese Imports Read More »
LONDON (AP) — Climate activist Greta Thunberg was acquitted Friday of a charge of refusing to follow a police order to leave a protest blocking the entrance to a major oil and gas industry conference in London last year. The courtroom gallery erupted with applause as Judge John Law told Thunberg and her four co-defendants to …
