International

Russia has not materially increased natural gas supply via its pipelines to Europe, despite assurances from Russian President Vladimir Putin that Gazprom would start sending more gas after it completes filling Russian storage. In November, Russian gas supply to Europe was volatile, as gas flows on the Yamal-Europe pipeline via …

China’s industry ministry on Friday unveiled a five-year plan aimed at the green development of its industrial sectors, vowing to lower carbon emissions and pollutants and to promote emerging industries so as to meet a carbon peak commitment by 2030. The world’s top greenhouse gas emitter is aiming to bring …

OPEC+ ministers are likely to discuss pausing a planned oil output hike in January as one option during ministerial talks today, Dec. 2, Reuters reported, citing a source. The meeting will also discuss whether more oil will be released to the market as planned or supplies will be restricted after …

The Ukrainian position is that since Nord Stream 2 is not compliant with EU rules, it should not be certified, the CEO of Ukraine’s gas and oil state company Naftogaz Yuriy Vitrenko told a conference in Brussels on Wednesday (1 December) organised by EURACTIV Bulgaria. The conference, titled “Nord Stream …

The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday, ahead of a meeting of OPEC+ on Thursday, to discuss a response to the threat of a hit to fuel demand from the Omicron variant. Some analysts expect OPEC+ to pause plans to add 400,000 barrels per day …

The U.S. is trying to re-focus its energy relationship with top Middle East OPEC countries, notably Saudi Arabia, after a period of tension between Washington and Riyadh over high oil prices. Amos Hochstein, the top American energy diplomat, held meetings this week with officials in the Middle East, including Saudi …

OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country’s taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation. The meeting “is shaping up to be one of the most significant since the pandemic …

OPEC+ has postponed its Joint Ministerial Monitoring Committee (JMMC) meeting in order to assess the new Omicron strain of COVID-19, Russia’s Deputy Prime Minister Alexander Novak said on Monday. Originally scheduled for Nov. 30, the JMMC online meeting will now be held on Dec. 2, the same day as the …

The high volumes of trade between Russia and China create significant potential for mutual settlements in yuan and rubles, while the security of settlements in dollars is in doubt, the CEO of Russia’s Rosneft Igor Sechin said on Monday. “The achieved volumes of trade between Russia and China create significant …

When President Biden announced earlier this week that the federal government would be releasing 50 million barrels of crude from the strategic petroleum reserve, perhaps those around him expected prices to go down significantly and stay down. Instead, prices rose, and OPEC+ gave a heavy hint it might cut supply. …