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EU launches LNG benchmark in attempt to tame price spikes
European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas.
read more... 05/04/2023
French strikes continue to block refinery shipments and LNG terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow.
read more... 21/03/2023
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US crude oil exports hit record high in 2022, EIA data shows
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023
EU energy chief tells companies not to sign new Russian LNG deals
European Union countries and companies should not sign new contracts to buy Russian liquefied natural gas, as part of the bloc's attempt to end its energy dependence on Moscow, the EU's energy policy chief said on Thursday.
read more... 10/03/2023
Borrell: New EU sanctions against Russia before Feb 24
European Union High Representative for Foreign Affairs Josep Borrell stated on Monday that the 10th sanctions package against Russia is expected to be adopted by the EU before the end of the week, which also marks the anniversary of the onset of the Ukrainian conflict.
read more... 21/02/2023