For years, the U.S. warned Germany of building up a dangerous energy dependence on Russia, the source of more than half of its fossil fuel imports. Now that the war in Ukraine has shocked Berlin into the same conclusion, the government is finding that changing course might be too late. …

It could take months before any large quantities of Iranian oil hit the markets if a nuclear deal is reached and sanctions lifted, a Reuters analysis said on Friday. With oil prices hitting almost $120 this week, market watchers await the outcome of indirect talks between the United States and …

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi arrived in Tehran to resolve issues regarding safeguards agreement. Upon his arrival, Grossi was welcomed by the spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi. During his stay in Tehran, Grossi is to confer with Iranian …

International Energy Agency (IEA) member countries have committed to release 61.7 million barrels of oil reserves as of Friday as part of the emergency stock release announced by the agency on Tuesday. The amount exceeds the 60 million barrels of oil that IEA countries had pledged to release from emergency …

According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports increased for the period between 24 February and 2 March 2022 compared to the week before. Specifically, they are up by six vessels. Twenty-four LNG vessels with a combined LNG-carrying capacity of 92 billion cubic feet departed the …

Russian energy company Gazprom on Thursday resumed westbound gas supplies via the Yamal-Europe pipeline to Germany from Poland, data from Gascade pipeline operator showed. Flows have been at 5.9 million kilowatt-hour per hour (kWh/h), while renominations, or preliminary bids, stand at 19.3 million kWh/h until Friday morning.

Russia’s major oil and natural gas companies saw their stock values nosedive on foreign exchanges during the past week amid the war in Ukraine, unlike their western peers, despite record-high energy prices. Oil and natural gas prices climbed this week to their highest level in more than a decade with …

Switzerland must diversify its energy supply and accelerate the expansion of renewables in order to cut the share of fossil fuels and reduce its reliance on Russian gas imports, the country’s renewable energy association Aee Suisse said on Tuesday. The association has offered seven measures worth about CHF 860 million …

Russia’s natural gas flow to Europe is on the rise despite Russian attacks on Ukraine, according to data compiled by Anadolu Agency on Wednesday. Gas exports of Russian energy giant Gazprom to the EU via Ukraine stood at 109 million cubic meters per day on Dec. 1 last year but …

The European Union is capable of going through next winter without imports of Russian natural gas while avoiding serious damage to its economy, according to a new report by Belgium-based think tank Bruegel. The 27-nation bloc would need to curtail its demand by at least 10%-15% should Russia halt imports …