Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to agree to further hike oil production in a virtual meeting Sunday, as the group continues to seek greater market share. Analysts predict a slight output Read More
German refinery’s plight prompts calls for return of Russian oil
No Russian oil has been delivered via the Druzhba pipeline to the PCK refinery in Germany in more than two years because of sanctions levied against Moscow following its full-scale invasion of Ukraine. But with the plant in the town Read More
Eastern Europe braces for end to Russian gas supplies
Ukraine will block Russian gas supplies via its territory in several days, effectively halting its transit to Slovakia, Moldova and, to some extent, Hungary. Kyiv said it would not renew an agreement on Russian gas transit expiring on December 31 Read More
Rosneft CEO calls for balanced energy transition to address global needs
Russian CEO of Rosneft oil company Igor Sechin arriving to attend a meeting of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi at the Kremlin in Moscow, Russia, Tuesday, July 9, 2024. Chief Executive Officer of Russia’s state-owned Read More
Infrastructure, politics depriving Nigeria of energy benefits in Ukraine war, says NGA
Nigerian Gas Association (NGA) said the lack of political will and infrastructure are key reasons Nigeria is losing in the energy opportunities provided by the Russia/Ukraine war. The post Infrastructure, politics depriving Nigeria of energy benefits in Ukraine war, says Read More
Oil price edges towards $100 as geopolitics, capacity gap pressure mounts
Price of crude oil, especially Brent, jumped past $91 per barrel, yesterday, as tension between Russia and Ukraine and dwindling oil capacity pushed prices to record high. The post Oil price edges towards $100 as geopolitics, capacity gap pressure mounts Read More