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The European Union’s top diplomat said Brussels will impose new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, banks, and those responsible for disinformation. “We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors, and tackle oil imports,” …

Russian President Vladimir Putin has threatened to terminate exports and deals with the West and add certain individuals and entities to the Kremlin’s sanctions list in retaliation for sanctions imposed by the United States and the European Union. Russian President Vladimir Putin introduced a package of economic measures on Tuesday …

The OPEC cartel — which has struggled for many months to revive oil supplies halted during the pandemic — effectively failed to increase output at all last month, as members remained plagued by capacity constraints. While Iraq made a substantial boost, countries such as Libya and Nigeria saw their production …

Thirty years after becoming a pioneer in offshore wind farming, Denmark now wants to expand the repertoire of renewables again – this time with the world’s first “energy islands.” The plans have long been discussed in the country but have now been accelerated amid the disruption to the global energy …

About 30% of planned U.S. LNG export capacity has been booked since war disrupted European energy supplies, a dramatic reversal of fortune for as many as 10 new projects, some of them long stalled. Among the latest deals are French utility Engie SA locking in nearly 2 million tons of …

The European Union (EU) is considering imposing oil imports ban on Russia by the end of 2022, reported Reuters citing two EU diplomats. A decision on the proposed measures on Russia is expected to be announced during a meeting of bloc’s ambassadors scheduled in the coming week. The ban, if …

An expert on energy has said that in addition to Iran, Saudi Arabia, the United Arab Emirates, and Kuwait also will not have good conditions in the oil market Mahmoud Khaghani said in remarks to ILNA that “Our oil and gas market is in a very special situation and we …

LNG has the highest orderbook-to-fleet ratio of any shipping segment, and yet there’s plenty of analysts suggesting there’s room for far more newbuilds to be contracted soon with 2022 on course to break new records in terms of contracting with added impetus sparked by Russia’s invasion of Ukraine. Data from …

In light of Russia’s invasion of Ukraine, many European countries have rushed to secure alternative gas supplies through the development of liquefied natural gas (LNG) import terminals. This step has sparked some sharp reactions in the climate-change community. A number of observers have raised concerns that, by building new LNG …

Iran oil minister Javad Owji is making a rare trip to Venezuela that includes visiting oil facilities and signing energy deals between the two U.S.-sanctioned nations, said people with knowledge of the situation, Trend reports citing Bloomberg. Owji and more than a dozen delegates arrived in Caracas on Saturday, according …