Russian military personnel were killed when a Ukrainian drone attacked an area in Russia’s Saratov Region. This was reported by Russian news agencies, citing the defense ministry.
Russia forced to slash oil output by half a million barrels a day
Russia is planning to reduce its oil production by tens of millions of barrels per day in response to a Western price limit that threatens the Kremlin’s revenues.
Big Oil Bets Billions on Global Climate Catastrophe
According to Carbon Tracker (a non-profit think tank), the world’s largest oil producers are spending billions on fossil fuel projects. These will be required if the world fails to meet
Oil prices hit 10-month low as OPEC+ look to boost production
Oil prices fell to their lowest level since January 1, when oil prices plunged after Wall Street Journal reported that Saudi Arabia, along with other OPEC oil producers, were discussing
Russian energy giant Gazprom begins testing gas supplies from the Kovykta fields to China’s pipeline
Gazprom, Russia’s energy giant, said Tuesday that it had begun testing the supply of natural gas from the Kovykta, east Siberia’s largest, to the China-bound Power of Siberia pipeline.
China’s former president Hu Jintao unexpectedly escorted out of the party congress
As the assistants escorted Mr Hu, President Xi Jinping’s immediate predecessor, he appeared confused and disoriented. He refused to leave, and he retreated to his seat.
Europe must use 10% less gas to avoid risk of blackouts
According to the International Energy Agency, gas consumption must be reduced by the Continent in order for it to remain safe & secure.
Gazprom CEO Alexei Miller says gas price cap would lead to supply halt
Alexei Miller, Gazprom’s CEO, stated Sunday that plans to limit the price of Russian gas exports will cause supply to be halted. This is a similar threat to President Vladimir
The United States will likely stop arms sales to Saudi Arabia
According to Senator Chris Coons (a close ally to President Joe Biden), the United States will likely stop arms sales to Saudi Arabia as a result of the OPEC+ decision.
Saudi and Russian-led oil cuts could spark global recession according to the IEA
The International Energy Agency warned that a decision by Opec, the Saudi Arabia-led producer cartel, to reduce oil production could lead to a global recession.
President Joe Biden “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ cut oil production
After OPEC+ last week announced that it would reduce its oil production target, President Joe Biden said Tuesday that “there will be consequences” for U.S.-Saudi relations.