The warm temperatures in Europe from earlier this week will abruptly shift to freezing conditions in the weekend and next week, testing Europe’s renewable power generation and low natural gas stocks. While this week most of Europe has seen so far temperatures as high as 20 C (68F), an Arctic …

This week’s call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published …

Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources. Spring maintenance at some large state-controlled refineries in the …

Indian imports of crude oil from Russia appear to be rebounding in March following lower purchases earlier this year in the immediate aftermath of the January U.S. sanctions on Russia’s oil trade. Traders have booked more non-sanctioned tankers to deliver crude to India, while the price of Russia’s flagship Urals …

A group of large energy users, including technology giants Amazon, Google, and Meta, on Wednesday pledged their support to the goal of at least tripling global nuclear capacity by 2050. The tech firms were among the founding signatories of the pledge as a cross-industry group of eight large energy users …

Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant …

Once upon a time, in the not-so-distant past, the United States was the world’s largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. But the script has since flipped. Thanks to the shale revolution and a penchant for hydraulic fracturing (fracking), the …

European energy firms have filed lawsuits against Russian energy giant Gazprom totaling 18 billion euros ($19.6 billion) over gas supply cuts, the Moscow Times reported on March 10. The claims stem from Gazprom’s decision to drastically reduce gas deliveries to Europe in 2022 after Russian President Vladimir Putin demanded that …

Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …

Oil edged up as internal market metrics flashed signs that recent declines were overdone, overshadowing the prospect of a temporary truce in Ukraine. West Texas Intermediate rose 0.3% to top $66 a barrel, recovering from the lowest closing price in six months. Ukraine said it’s ready to accept a US …