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Russian Analyst Says One Line of Nord Stream 2 May Still Supply Gas to Europe

If Nord Stream 2 achieves all the required certification, one of the four lines of the Russian Nord Stream 1 and 2 pipelines would still be able to transport gas...
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Goldman Sachs Lowers their Forecast for Oil Prices

Despite remaining bullish on oil, Goldman Sachs lowered its forecast for oil prices on Tuesday due to the worsening prognosis for the world economy. The bank stated that it was...
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U.S. Fuel Exports Breaks 49-year Old Record in H1 2022

The Energy Information Agency (EIA) reports that in the first half of 2022, U.S. exports of petroleum products increased by 11% to a record 6 million barrels per day (bpd),...
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JP Morgan’s CEO Calls for More Investment in Oil and Gas

At a congressional hearing, Jamie Dimon, chief executive of JP Morgan, stated that the United States would be on the road to hell if investments in fossil fuels were discontinued....
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UAE’s Adnoc in Talks to Acquire Gunvor Trading – Reports

According to unnamed sources cited by Bloomberg and Reuters, the state-run oil company of the United Arab Emirates is considering a full or partial acquisition of the commodity trading firm...
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Germany Will Never Rely on Russia Again for Gas – German Minister

Speaking to German media earlier this week, Lower Saxony's Minister-President, Stephan Weil declared that Germany could never again rely on Russia for its energy needs and that the Nord Stream...
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OPEC+ is Currently 3.6 Million Bpd Below its Target for Oil Production

According to delegates and OPEC data Argus has seen, the OPEC+ group continued to significantly fall short of its overall oil production goal in August, with the difference between the...
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Saudi’s Aramco CEO Criticises Lack of Adequate Investment in Oil and Gas Sector

The primary cause of the current energy crisis is years of underinvestment in oil and gas production, and when the global economy recovers from the current slowdown, what little spare...
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Russian Natural Gas Exports to EU to Drop By 33% This Year

According to Russian Deputy Prime Minister Alexander Novak, this year's natural gas shipments from Russia to the European Union are predicted to fall by 50 billion cubic metres (bcm), or...
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The IEA Cuts Oil Demand Forecast in its Latest Report

According to the International Energy Agency (IEA), which revised its growth estimate downward by 110,000 barrels per day from last month because it anticipates China's oil demand to decline for...
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