energy

Greenpeace activists tried to block a Russian oil tanker heading to Norway

Greenpeace activists tried to block a Russian oil tanker heading to Norway

The Ust Luga — loaded with Russian jet fuel worth $116 million — was on its way to Slagentangen port, about 53 miles south of the capital Oslo, when activists chained themselves to its anchor, Aud Hegli Nordø, a spokesperson for Greenpeace Nordic, told CNN. The Slagen oil terminal is owned by Esso, a subsidiary …

Greenpeace activists tried to block a Russian oil tanker heading to Norway Selengkapnya »

Nuclear, oil and wind: How the UK plans to tackle the energy crisis

Nuclear, oil and wind: How the UK plans to tackle the energy crisis

Unveiling its new Energy Security Strategy on Wednesday, the government set out plans to generate 95% of Britain’s electricity from low carbon sources by 2030. “[The plan] will be central to weaning Britain off expensive fossil fuels, which are subject to volatile gas prices set by international markets we are unable to control,” the government …

Nuclear, oil and wind: How the UK plans to tackle the energy crisis Selengkapnya »

Big Oil CEOs refuse to commit to reduce buybacks and dividends

Big Oil CEOs refuse to commit to reduce buybacks and dividends

During a hearing, Rep. Frank Pallone, a New Jersey Democrat, asked the top executives from ExxonMobil (XOM), Chevron, BP, Shell, Pioneer Natural Resources and Devon Energy if they would commit to “doing whatever it takes,” including not just increasing production but reducing dividends and buybacks to lower prices for American consumers. The questions echoed a …

Big Oil CEOs refuse to commit to reduce buybacks and dividends Selengkapnya »

Russia raises stakes in energy standoff by insisting on rubles for gas

Russia raises stakes in energy standoff by insisting on rubles for gas

Moscow said last week it wanted to be paid in rubles, rather than US dollars or euros, and senior Russian lawmakers said supplies could be cut if customers refused. Germany, Russia’s biggest energy customer in Europe, had described the plan as “blackmail” and a breach of contract. President Vladimir Putin signed a decree Thursday that …

Russia raises stakes in energy standoff by insisting on rubles for gas Selengkapnya »

US oil briefly sinks below $100 after Russia says it will 'drastically reduce' assault on Kyiv

US oil briefly sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv

The selloff began after Russia indicated it will dial back its assault in parts of Ukraine, easing energy supply fears. Following peace talks between Russia and Ukraine on Tuesday, Russia said it would “drastically reduce” its military assault on the Ukrainian cities of Kyiv and Chernihiv. US oil tumbled as much as 7% to a …

US oil briefly sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv Selengkapnya »

Gas prices are high. Oil CEOs reveal why they're not drilling more

Gas prices are high. Oil CEOs reveal why they’re not drilling more

Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday. For years, the boom-to-bust oil industry spent lavishly to fund all-out production growth. US oil output skyrocketed, keeping prices low. Yet …

Gas prices are high. Oil CEOs reveal why they’re not drilling more Selengkapnya »

Saudi Aramco could invest $50 billion to boost oil capacity this year

Saudi Aramco could invest $50 billion to boost oil capacity this year

Oil prices leapt 50% last year as demand recovered from the Covid-19 pandemic, and then surged above $100 a barrel to 14-year highs in February after Russia invaded Ukraine, leading Western nations to urge major producers to increase output. Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further …

Saudi Aramco could invest $50 billion to boost oil capacity this year Selengkapnya »

Oil price would hit $300 if West bans Russian imports, Moscow warns

Russia may have found a buyer for its cheap oil: India

U.S. officials have said in recent weeks they would like India to distance itself from Russia as much as possible, while recognizing its heavy reliance on Moscow for everything from arms and ammunition to missiles and fighter jets. India has not condemned the invasion of Ukraine and abstained from voting at the United Nations calling …

Russia may have found a buyer for its cheap oil: India Selengkapnya »

Gas prices in the US hit a record as Russia continues to invade Ukraine

Gas prices in the US hit a record as Russia continues to invade Ukraine

That breaks the previous record of $4.11 a gallon that has stood since July 2008. As Russia continues its military offensive in Ukraine, gas prices are rising faster than they have since Hurricane Katrina slammed into oil platforms and refineries along the US Gulf Coast in 2005. Gas prices rose 10 cents since early Monday, …

Gas prices in the US hit a record as Russia continues to invade Ukraine Selengkapnya »

Ramping up oil production would help lower prices. But US producers won't fill that gap

Ramping up oil production would help lower prices. But US producers won’t fill that gap

Making more US oil could net a tidy profit for producers while lowering prices at the pump for drivers. But several issues are stopping these companies from scaling up production. Like many industries during the pandemic, oil producers are struggling with a shortage of workers. They’re also having trouble sourcing some of the equipment they …

Ramping up oil production would help lower prices. But US producers won’t fill that gap Selengkapnya »

Oil prices surge after Russia orders troops into Ukraine

Energy price shock from the Russia-Ukraine crisis could hurt the economy

“An energy price shock amidst an aggressive central bank pivot focused on inflation could further dampen investor sentiment and growth outlook,” JPMorgan strategists wrote in a note to clients. Brent crude, the world benchmark, surged to a fresh seven-year high of $99.50 a barrel Tuesday morning before backing off. In recent trading, Brent was up …

Energy price shock from the Russia-Ukraine crisis could hurt the economy Selengkapnya »

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