Articles in ‘Energy’

by Tyler Durden · Kuwait began cutting crude oil output after storage tank farms began filling up, as crude could no longer be loaded onto very large crude carriers and transported through the Strait of Hormuz, according to The Wall Street Journal. · Sources say the OPEC founding member is now weighing broader reductions in crude production and refining, potentially limiting operations to only domestic demand, with a decision expected within…

Oil prices have jumped more than 15%, topping $84, while European gas prices have surged over 30% after Iranian strikes on Qatari LNG facilities · ©  Getty Images/curraheeshutter · [RT] Global energy markets have come under pressure as the Middle East conflict escalates, with fears mounting over potential disruptions to oil and gas supplies. · US and Israeli strikes on Iran have prompted Tehran to retaliate with…

Washington has been using trade talks to persuade New Delhi to give up on Russian supplies · FILE PHOTO: US Ambassador to India Sergio Gor © Getty Images / Anna Moneymaker · [RT] The US is in “active negotiations” with India, which it hopes to persuade to import oil from Venezuela instead of Russia, the American ambassador in New Delhi has said. · The US issued licenses to two trading houses to distribute oil produced in…

Finally admitting the obvious – that the CIA knew of the attack in advance – is a step towards normalizing it ByTarik Cyril Amar, a historian from Germany working at Koç University, Istanbul, on Russia, Ukraine, and Eastern Europe, the history of World War II, the cultural Cold War, and the politics of memory https://www.rt.com/op-ed/authors/tarik-cyril-amar/@tarikcyrilamartarikcyrilamar.substack.comtarikcyrilamar.com · ©  …

The deposit on the Yamal Peninsula is the region’s largest find in 30 years · © Getty Images / SOPA Images · [RT] Russian energy major Gazprom Neft has discovered a new oil field on the Yamal Peninsula that is the largest discovered in the region in three decades, according to a company release. · The new find is located in the Arctic zone of Yamalo-Nenets Autonomous Region, home to the world’s largest natural gas…

It’s dawning on some in Brussels that by cutting out Russia, they’ve simply switched dependencies – except they couldn’t even do that right By Rachel Marsden, a columnist, political strategist, and host of independently produced talk-shows in French and English. rachelmarsden.com - FILE PHOTO. ©  Getty Images / pong-photo9 · It seems to have dawned on the EU’s energy commissioner that the bloc has a bit of a dependency…

Obsessed with tinkering with policy to lower prices, Europe doesn’t consider the system-level costs of transitioning to more expensive energy · Across the European Union, factories are closing or quietly scaling back production. Chemical plants, steel mills, fertilizer producers – the most energy-intensive segments of the economy – are either relocating abroad or shutting down altogether.  · This is no temporary setback. Europe has…

The bloc’s growing dependency on American LNG has sparked concerns amid fraying ties over Greenland · © Getty Images / Bill Chizek · [RT] The EU is seeking new gas suppliers as growing reliance on US-sourced liquefied natural gas (LNG) and deteriorating relations with Washington have raised concerns over energy security. · The bloc has faced a surge in energy prices since reducing Russian oil and gas imports following…

Germany gets 96% of its liquefied natural gas from the US, according to an environmental group · RT: FILE PHOTO. ©  Sean Gallup/Getty Images · Germany’s imports of liquefied natural gas (LNG) from the US reached a near-total dependency last year, the German Environmental Aid Association (DUH) stated on Thursday. The situation “exacerbates Germany’s dependence on the increasingly unpredictable US,” the association said. ·…