International

Reduced energy supply due to sanctions against Russia and Moscow’s closure of key pipeline gas export routes will force Europe to fight for oil and gas wells after the coming winter, as the current crisis is not a story for one winter, analysts at consultancy Energy Aspects said. Europe will …

Millions of Britons have faced impossible choices in recent months as the cost-of-living crisis has worsened, with 5.6 million people, or 11%, having gone without food because of the rising cost of living as energy and food prices soar, the Money Advice Trust charity said in a new report on …

A year after President Xi Jinping promised China would stop building coal power plants overseas, the country has completed 14 such facilities beyond its borders and will finish another 27 soon, according to a new report. Most of the projects that were in progress when Xi made the announcement are …

The EU may have a plan to ban all Russian diesel purchases in February, but in the meantime, European buyers are happy to pay more for Russian diesel now than they did back in May, industry sources told Reuters. The ban on Russian seaborne diesel imports, set to go into …

The German government has agreed to nationalise the country’s biggest gas importing company, Uniper. The move expands state intervention in the industry to prevent an energy shortage resulting from Russia’s war in Ukraine. The deal with Uniper builds on a rescue package agreed in July and features a capital increase …

Earlier this year there were high hopes around the U.S. lifting its sanctions on Venezuela in the face of oil shortages and rising prices, due to the Russian invasion of Ukraine, allowing black gold to once again flow out of the South American oil giant. But this has not yet …

US oil may test a resistance at $86.76 per barrel, a break above could open the way towards $87.66-$88.07 range. The roller-coaster move of the price on Monday suggests the development of a wave C, the third wave of a three-wave cycle from $81.20. This wave could either end around …

The OPEC+ group continues to vastly underperform its collective oil production target, with the gap between the quota and actual output widening to a massive 3.58 million barrels per day (bpd) in August, according to delegates and OPEC data Argus has seen. The 10 OPEC members bound by the pact …

The Russian Security Council claimed on September 19 that Moscow and Beijing had agreed on “further military cooperation” with a focus on exercises and senior contacts. The statement from Moscow follows a meeting last week where President Vladimir Putin was forced to publicly acknowledge Chinese concerns over his ongoing invasion …

China, Kyrgyzstan and Uzbekistan have signed a long-anticipated agreement to push ahead with the construction of a railroad linking their countries that will, if completed, establish a shorter route to Europe, bypassing sanctions-hit Russia. The three governments signed the agreement on September 14 on the sidelines of a summit of …