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By Hugo Dixon (Reuters Breakingviews) – The Group of Seven says it wants to “maximise pressure on Russia’s oil exports”. If the rich industrialised nations are serious, they could slash Moscow’s income from overseas crude by up to $80 billion a year. That would deliver a big blow to the Kremlin’s flagging economy and might …
How to Cut Russia’s Oil Revenue by $80 Bln a Year Read More »
(Reuters Breakingviews) – When it comes to finding black gold, oil companies have easier places to look than in the ground. That logic explains a fraught battle between oil sands firms Cenovus Energy and Strathcona Resources for MEG Energy. Both suitors have lobbed in bids worth just under C$8 billion for their rival, with a vote coming later this …
China said on Friday that it would take necessary measures to protect the legitimate rights of Chinese enterprises and citizens in response to U.S. sanctions related to Iran’s oil trade that targeted a Chinese refinery. China urges the United States to stop resorting to sanctions, Guo Jiakun, a spokesperson for the foreign ministry, told a …
China Pledges to Protect its Firms After US Sanctions on Oil Refinery Read More »
European nations, including France, are among the staunchest supporters of Ukraine in its fight against Russia. Several have also stepped up their imports of Russian energy which pump billions of euros into Moscow’s wartime economy. Well into the fourth year of Russia’s war against Ukraine, the European Union remains in the precarious position of financing …
How Ukraine’s European Allies Fuel Russia’s War Economy Read More »
The newly-expanded Trans Mountain pipeline is allowing oil producers to shift as much as 890,000 barrels a day to Asia Canadian heavy crude prices are entering the fourth quarter at their strongest level since July amid rising Asian demand for the heavy oil sands crude. Heavy Western Canadian Select’s price in Alberta was US$10.50 a barrel below United States benchmark …
Canadian Oil Enters Fourth Quarter at Strongest Level Since July Read More »
Summary Ukraine has targeted Russia’s refining capacity Zelensiky says estimates range from 13%-20% loss of supply Russia says it has adequate fuel, officials due to discuss (Reuters) – Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step …
Zelenskiy Says Russia’s Gasoline Supplies May be Down by a Fifth After Ukrainian Attacks Read More »
Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU’s corporate sustainability law The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted last year and requires companies to fix human rights and environmental issues within their supply chains, or face fines …
EU Parliament Plans to Cut Back Sustainability Law Further Read More »
As countries around the world scramble to secure fuel to run their power plants, natural gas has attracted energy producers to Canada’s westernmost province. By Robert Tuttle and Thomas Seal Stretching from the ice-capped Canadian Rockies to the island-studded coastline, British Columbia has been long renowned as an outdoorsman’s paradise. Canada’s westernmost province is home …
Drilling Frenzy Arrives in Canada’s Pristine Wilderness Read More »
Russia’s heavy bombardment of Ukraine’s natural gas infrastructure ahead of winter is set to have a knock-on impact on Europe’s energy market as Ukraine draws more fuel from its western neighbours. Any increase in European gas prices as a result of Ukraine’s purchases is nevertheless likely to be mitigated by the abundance of global liquefied …
Russian Strikes on Ukraine’s Gas Will Reverberate Across Europe: Bousso Read More »
Summary EU considering phase-out of Russian oil and gas by January 2028 Ambassadors agree to forward proposal to ministers – diplomats Ministers’ meeting planned for October 20 (Reuters) – European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, …
EU’s Plan to Phase out Russian Energy Clears First Political Hurdle Read More »
