Britain has committed a “grave strategic error” by turning its back on North Sea gas production, according to leading economist Simon French, after Israeli strikes on Iran sent oil and
Oil price drop bellow $60 renders Russian price cap ‘irrelevant’
The Kremlin can now largely disregard the G7’s price cap on Russian oil exports, as the global benchmark price has fallen below $60 a barrel.
The Kremlin is desperately hoping that Trump’s return will bring an end to the war.
Russia’s sudden eagerness to engage with U.S. President Donald Trump’s efforts to end the war in Ukraine comes as no surprise. The Kremlin is desperate for the conflict to conclude,
The cessation of Russian gas has compelled nearly all industries in Transnistria to shut down.
The halt of Russian gas supplies to Moldova’s separatist region of Transnistria has necessitated the shutdown of nearly all industrial operations, with the exception of food production facilities.
Russian gas deliveries to Europe via Ukraine have halted
Ukraine has terminated the gas transit route following the expiration of a 2019 agreement in the early hours of New Year’s Day. This development marks a significant step in Europe’s
Putin Halts Arctic Gas Production as Sanctions Take Effect
Russia has been compelled to halt operations at a section of the world’s largest liquefied natural gas (LNG) facility near the Arctic city of Murmansk due to diminished demand caused
Putin is getting around Western sanctions
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
National Grid aims to restrict electricity consumption on Wednesday.
The National Grid has declared its intention to decrease electricity consumption on Wednesday, citing “tighter than usual electricity supply margins expected on Wednesday evening.”
Share Talk Weekly Energy Sector News Round-Up, Saturday 21st October 2023
Middle East war could send oil to $140 a barrel, says Allianz War in the Middle East could cause the oil price to surge to $140 a barrel and bring
Norway, is closely observing the investigation into the Baltic Sea pipeline rupture
Europe’s major gas supplier, Norway, is diligently following the investigation into the mysterious damage to a Baltic Sea gas pipeline.
Putin refutes claims of Russia meddling with the gas pipeline
President Vladimir Putin dismissed claims suggesting Russia’s hand in the disruption at the Balticconnector gas pipeline, calling them “utterly baseless.”