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U.S. natural gas production will decline by 5 percent by 2050, and consumption will shed 4 percent if no new interstate pipelines are built, the Energy Information Administration said in its latest Annual Energy Outlook. This, in turn, will lead to higher gas prices, the authority also said, and this …

European Union countries are wrangling over how to rapidly fill their gas storage ahead of next winter and share the burden of quickly buying large stocks at current sky-high prices. Europe is facing a race to build a buffer of stored gas ahead of winter, to help cope with potential …

Asian oil buyers will likely purchase more U.S. and Middle Eastern crude on the spot market and may take less contracted supplies from Saudi Arabia after the kingdom hiked its prices to a record. Omani crude was selling for $4 to $4.50 a barrel above its benchmark price on the …

Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years. “We do not accept their [Persian gulf countries’] prices. Iranian natural gas is appropriate for Iraq and its …

Gazprom Germania, an energy trading, storage and transmission business under Russia’s natural gas giant Gazprom, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said on Monday. All voting rights in the company will be transferred to the regulator, the Bundesnetzagentur, Habeck told a news …

Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1per cent, to $108.73 a barrel, …

At least 45% of U.S. coal power is set to disappear by the end of the decade, a figure that will likely rise as more utilities conclude their coal-fired plants no longer make financial sense to operate, according to the Institute for Energy Economics and Financial Analysis. Electricity producers have …

French energy major TotalEnergies and U.S. LNG infrastructure company Sempra have expanded their North American strategic alliance with the signing of two Memorandums of Understanding (MoUs). TotalEnergies said that one of the agreements was for the Vista Pacífico LNG export project in Mexico while the other was for the co-development …

Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are pushing for the bloc to quickly impose new penalties against Russia after reports of atrocities near Kyiv. German Chancellor Olaf …

The International Atomic Energy Agency (IAEA) has been notified by Ukraine that it is examining the possibility to resume regulatory control of the Chornobyl Nuclear Power Plant (NPP), after the withdrawal of the Russian military from the site. Ukraine also informed IAEA that it is also planning to rotate staff …