European states are urgently seeking policies to stem the energy inflation tide amid conflict in Ukraine which has sparked price hikes – notably of oil, which has soared past $100 a barrel. As companies and consumers alike labour under the strain with food and energy prices soaring to multi-decade highs, …

China’s largest oil-and-gas field, Changqing oilfield, had produced over 17.7 billion cubic meters of natural gas during this winter heating season, statistics as of March 15 showed. As China’s largest natural gas production base, the oilfield supplies natural gas to more than 40 major cities, including Beijing and Tianjin. For …

The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia´s invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help “relieve the strain” …

A recent study carried out by researchers at the Potsdam Institute for Climate Impact Research found that increased global temperatures caused by the emission of greenhouse gases could lead to a two-fold increase in crop pests and disease in China by the end of the century. They warn that this …

Close to a record number of liquefied natural gas tankers are crowding Gulf Coast export terminals as U.S. exports of the superchilled fuels run at record rates. Reuters reported that Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand, especially from Europe, which is currently trying to …

Germany and Norway are weighing options to build a hydrogen pipeline to reduce their reliance on Russia for energy supplies in the wake of Moscow’s invasion of Ukraine, reported Bloomberg News. The move is said to in response to recent threat by Russia that it could consider closing the main …

The U.S. Department of Energy (DOE) announced on Wednesday that it had authorized additional exports of liquefied natural gas (LNG) from two major facilities on the U.S. Gulf Coast to help Europe alleviate reliance on Russian energy. “While U.S. exporters are already exporting at or near their maximum capacity, with …

Russian energy giant Gazprom said on Tuesday that natural gas exports outside former Soviet Union countries fell by 28.5% year-over-year to 30.7 billion cubic meters (bcm) from Jan. 1 to March 15. The company added that it continues to deliver gas as requested by consumers in full compliance with contractual …

According to the Energy and Climate Intelligence Unit (ECIU), in the period October 2021 to April 2023, windfarms are expected to pay back £660M as their contracted prices are much lower than the current wholesale cost of electricity, which has been driven up by the gas crisis. The final saving …

Oil was up on Thursday morning in Asia, with oil futures rising in early trading and recovering some of the prior day’s losses. Investors also digested the International Energy Agency (IEA)’s statement that a decline in oil demand due to higher prices would not offset a shut-in of Russian oil …