International

The Biden administration plans to waive sanctions against an ally of Russian President Vladimir Putin who heads the company that is building the Nord Stream 2 gas pipeline from Russia to Germany, two people with knowledge of the move said Tuesday. The move to invoke a national security waiver for …

RF President Vladimir Putin had a working meeting with Leonid Mikhelson, Chairman of the Management Board of Novatek. They discussed the company’s performance in 2020, current activities and development plans, the Kremlin press office reports. Mikhelson briefed the President on the implementation of the Arctic LNG 2 project and the …

OPEC’s oil exports have jumped by 1 million barrels per day (bpd) so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, tanker tracker Petro-Logistics said on Monday. At the ministerial meeting in early April, the OPEC+ group decided to gradually return …

Recent news reports were replete with Iraq declaring its willingness to invest $15 billion into new gas-focused projects that could reduce its reliance on one of Baghdad’s long-standing problems, its gas imports. Baghdad has committed to an ambitious timeline of reaching self-sufficiency by 2024-2025, with several large-scale projects being developed …

The U.S. Energy Information Administration(EIA) has announced on Saturday a surge in Iraqi oil exports to the U.S. to up to 235,000 barrels per day, surpassing last week’s Saudi exports. According to a report released by the EIA, “Last week’s U.S. imports of crude oil from 9 different countries amounted …

The United States has partnered with India on climate change so as to help it meet its commitment to deploy 450 gigawatts (GW) of renewable energy, the Biden administration’s climate change envoy has told US lawmakers. “Prime Minister (Narendra) Modi has made a commitment to deploy 450 GW of renewable …

Saudi Arabia will export full crude oil volumes to at least four Asian clients next month, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Aramco and its Asian buyers use standard contracts, under which either side can trim or boost orders by a margin of 10 percent …

North America’s biggest petroleum pipeline is in a race against time to overcome a cyberattack that’s frozen fuel shipments before regional reserves of gasoline, diesel and jet fuel run dry. Colonial Pipeline said segments of its Texas-to-New Jersey line are being brought back online in steps, and substantially all service …

Fuel suppliers are rushing to secure alternative methods of delivery to avert fuel shortages from Atlanta to New York after a ransomware attack shut down the nation’s biggest oil-products pipeline. Traders and fuel shippers are seeking barges and ships to deliver gasoline that would have otherwise been shipped on the …

One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …