Rising geopolitical tensions in the past few months have contributed to the already tight European natural gas market and prompted the search for additional supplies, Fitch Ratings said in a statement Monday. Intensified geopolitical tensions may have delayed Gazprom’s Nord Stream 2 pipeline that will carry gas from Russia to …

Gas supplies via the Nord Stream gas pipeline in 2021 remained at the record level of 2020 of 59.2 bln cubic meters, the operator of the project, Nord Stream AG, said in a statement on Monday. “In 2021, 59.2 billion cubic meters of natural gas were transported through the Nord …

The U.S. Administration is currently reviewing a request from Chevron to potentially allow the U.S. oil giant to take and trade crude from Venezuela as a form of payment for the millions of dollars the South American producer owes Chevron for its joint ventures there, Reuters reported on Monday, quoting …

Amid the continued rally in oil prices, Saudi Aramco raised its official selling price for crude exported to Asia, with its flagship Arab Light cargos for March up by $0.60 per barrel to a total $2.80 per barrel premium over the benchmark. According to Bloomberg, this is the highest price …

Europe’s natural gas demand is set to decline this year as buyers begin to favor lower-priced coal, the International Energy Agency said in the latest edition of its quarterly gas market report. According to the IEA, gas demand on the continent is seen declining by 4% this year, after rising …

Gazprom and China National Petroleum Corporation (CNPC) have signed a new deal under which the Russian gas giant will deliver natural gas to China via the Far Eastern route, Gazprom said on Friday as China and Russia are strengthening their energy cooperation. Gazprom and CNPC signed a long-term Sales and …

The occupancy rate in Europe’s natural gas storage facilities fell to 37.5% in January 2021 from 52% in January 2022, according to data from Gas Infrastructure Europe. In January 2021, there were approximately 60 billion cubic meters of gas in all of the natural gas storages across Europe, and the …

Saudi Arabia’s oil giant Aramco is dusting off plans to sell more of its shares, aiming for a $50-billion share sale on the domestic stock exchange with a possible secondary listing abroad, in what could be the world’s biggest share sale ever, The Wall Street Journal reported on Friday, quoting …

Oil prices continue to move toward the $100 a barrel threshold amid growing supply concerns, as OPEC and allied producers are slow to boost output. Ransomware attacks on German storage facilities and winter storms in the US are also pushing prices higher. European benchmark Brent Crude closed around $92.8 per …

China criticized U.S. President Joe Biden’s decision to extend tariffs on imported solar equipment, saying the act will “distort” international trades of the renewable energy product. “The U.S. government insisted on the extension regardless of the strong opposition domestically and internationally,” the Ministry of Commerce said in a statement on …