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Russia’s ban on oil supplies to countries and companies that comply with a price cap imposed by the West came into effect on Wednesday. The decree, signed by President Vladimir Putin on Dec. 27, prohibits the supply of Russian crude oil and oil products “at all stages” if contracts directly …

Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how “$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas” or, specifically, how Germany had applied some 100x leverage – much more than Lehman – on cheap commodities, and mostly Russian gas, to …

The Ames Laboratory at Iowa State University has announced a new hybrid catalyst that converts carbon dioxide into ethylene in one pot. The catalyst was developed by scientists from Ames National Laboratory, Iowa State University, University of Virginia, and Columbia University. This catalyst supports the world net-zero carbon initiative by …

Russia’s pipeline gas exports to Europe slumped to a new monthly record-low in January, falling by nearly 30% from December due to lower prices on the spot market, according to Reuters calculations. Russia’s gas giant Gazprom has seen exports to Europe decline since the Russian invasion of Ukraine last year …

European natural gas rose as forecasts showed the weather turning cooler than previously estimated next week. Futures for delivery in March rose as much as 11%. Some weather models are showing temperatures dropping again after a warm spell, potentially boosting demand for gas and forcing more withdrawals from fuller-than-normal storage …

Saudi Arabia will spend some $270 billion (1 trillion riyals) on low-carbon energy projects by 2030, energy minister Abdulaziz bin Salman said, adding the Kingdom will also invest in modernizing its grid. “We are determined to be the leading exporter of hydrogen, as well as to provide clean hydrogen for …

Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China. March Brent crude futures fell 5 cents to $84.85 per barrel by 0415 GMT, while the more heavily traded April contracts fell by 32 …

Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade. Analysis carried out by Wood Mackenzie shows the sector created at least $33 billion of value, and achieved full-cycle returns of 22%, at $60 …

ExxonMobil’s low-carbon hydrogen project in Baytown, Texas, has entered a new stage with a contract award to Technip Energies for front-end engineering and design (FEED). The low-carbon hydrogen, ammonia, and carbon capture facility is expected to produce one billion cubic feet of low-carbon hydrogen per day, making it the largest …

The average price of gasoline in Iraq reached 5.14 U.S. dollars per liter. In its report for January 2023, Global Petrol Prices said that Iraq ranked 12th among countries with the cheapest gasoline prices (514 cents per liter) and fifth among Arab countries, preceded by Libya, Syria, Algeria, and Kuwait. …