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Amidst Russia’s continuous supply cutoff, the EU signed a new gas deal

Amidst Russia’s continuous supply cutoff, the EU signed a new gas deal

The EU signed a new gas deal with Azerbaijan to secure future supplies amidst continuous Russian supply cutoff Europe’s energy chief, Kadri Simson, and European Commission President Ursula von ... Read more

Europe agitated as Russia’s Nord Stream gas link set for planned shutdown

Europe agitated as Russia’s Nord Stream gas link set for planned shutdown

The most significant single pipeline carrying Russian gas to Germany starts annual maintenance on Monday, with flows expected to stop for ten days. However, markets, governments, and companies are wo... Read more

Germany increases gas conservation methods as Russia slows supply to Europe

Germany increases gas conservation methods as Russia slows supply to Europe

Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the ... Read more

Shareholders of Woodside approve merger with BHP petroleum

Shareholders of Woodside approve merger with BHP petroleum

Shareholders of Woodside Petroleum approved a merger with Anglo-Australian BHP Group’s petroleum arm to create a top 10 global independent petroleum producer worth nearly $40 billion. Over 97% ... Read more

IEA to hold emergency meeting to address the soaring oil prices

IEA to hold emergency meeting to address the soaring oil prices

The International Energy Agency will hold an emergency meeting among consuming nations to discuss a new release of strategic reserves alongside a plan by the U.S. to pump massive supplies starting in ... Read more

Russia could accept bitcoin for its oil and gas transactions

Russia could accept bitcoin for its oil and gas transactions

Faced with tight sanctions from Western countries over its invasion of Ukraine, Russia is considering accepting bitcoin as payment for its gas and oil export transactions. In a videotaped news confer... Read more

American LNG exporters emerge as big winners of European natural gas crisis

American LNG exporters emerge as big winners of European natural gas crisis

The United States liquefied natural gas (LNG) exporters are emerging as big victors of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive at pri... Read more


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