Russia’s foreign ministry said on Tuesday that the United States had fomented Europe’s gas supply crisis by pushing European leaders towards the “suicidal” step of cutting economic and energy cooperation with Moscow. Europe is facing its worst gas supply crisis ever, with energy prices soaring and German importers even discussing …

France has come out in favor of imposing an EU-wide price cap on gas supply from Russia and a windfall tax on excess energy profits as Europe looks to reign in sky-high energy costs and respond to provocations from Moscow. European leaders are fighting to contain an energy crisis that …

Iranian Oil Minister Javad Oji has stressed that the global energy market needs an increase in the supply of Iranian oil, saying: “As a major producer of oil and petroleum products, we are always ready to play our role in maintaining global energy security away from politics.” Speaking after an …

The 1,000 municipal utilities that are the last link in the German energy supply chain are feeling the pinch of record-high energy prices, raising fears that some of them might go bankrupt. While large energy companies like Uniper and E.ON receive plenty of attention from German politicians, municipal utilities – …

Oil prices inched lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market’s recent slide. Brent crude futures had fallen 81 cents, or 0.9 …

Russia will respond to price caps on Russian oil by shipping more supply to Asia, its energy minister Nikolai Shulginov told reporters at the Eastern Economic Forum in Vladivostok on Tuesday. “Any actions to impose a price cap will lead to deficit on (initiating countries’) own markets and will increase …

The OPEC+ oil cartel agreed on Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears. The move could irk the United States as it has pressed the group to increase output in order …

Gazprom PJSC has produced its first liquefied natural gas at a small-scale facility on the Baltic Coast near the start of the shuttered Nord Stream pipeline to Germany. Two production lines at Portovaya LNG have produced some 30,000 tons of the super-chilled fuel, Gazprom Deputy Chief Executive Officer Vitaly Markelov …

China’s biggest energy groups are diverting more liquefied natural gas away from their languishing home market, offering some relief to desperate buyers suffering supply shortages in other parts of the world. Cnooc is offering to sell an LNG cargo for November loading from the North West Shelf export project in …

The Netherlands will reach the European Union target of filling up gas storage sites to 80% capacity as early as next week, according to its energy minister. “I expect the Netherlands to reach the 80% target in the upcoming days, next week,” the Dutch Minister for Climate and Energy Policy …