ukraine – Oil & Gas 360

Texas regulator calls on Biden administration to restart LNG exports to support Ukraine

June 26, 2024

World Oil (WO) – Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban. “This politically motivated ban is doing more than simply costing America economic activity— it’s jeopardizing

Russia dethrones U.S. as top EU natural gas supplier

June 17, 2024

Oil Price Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and

Ukraine says 500 settlements without power as energy consumption hits record

December 8, 2023

Nasdaq Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes and bad weather, officials said. Ukraine, an exporter of electricity before Russia’s invasion in February 2022, has been forced to turn to emergency power imports from neighbouring Romania and Poland this

WTI oil falls below $90 for first time since Ukraine invasion

August 4, 2022

World Oil (Bloomberg) — U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine. Futures dropped as much as 1% to $89.80 a barrel. Prices have given up all of their gains since the war began as higher interest rates and a looming global economic slowdown menace demand. On the

Ukraine signs deal with Westinghouse to end Russian nuclear fuel needs

June 3, 2022

Reuters Ukraine has signed a deal for the U.S. nuclear power company Westinghouse to supply fuel to all of its atomic power stations in an effort to end the country’s reliance on Russian supplies, Ukraine’s state nuclear company said on Friday. The agreement also increases the number of new nuclear units Westinghouse will build to nine from an earlier five, and

These charts show how Russia’s invasion of Ukraine has changed global oil flows

June 1, 2022

CNBC European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global flows for the commodity that powers the world. Russian oil exports had already been hurt by some EU members acting preemptively in anticipation of potential measures, in addition to bans from

OPEC is on the wrong side of history in sticking with Russia, Ukraine’s Naftogaz CEO says

May 23, 2022

CNBC The chief executive of Ukrainian state energy giant Naftogaz says oil producer group OPEC is on the wrong side of history in choosing to stick with Russia to stabilize energy markets. Speaking to CNBC’s Hadley Gamble at the World Economic Forum in Davos on Monday, Naftogaz CEO Yuriy Vitrenko warned the Middle East-dominated group of exporting countries to recognize

Oil prices jump again on Russia-Ukraine fears, as IEA calls for cut in energy usage

March 21, 2022

CNBC Oil prices jumped even higher on Monday after Russia-Ukraine talks appeared to yield no sign of progress, and markets continued to fret over tight supply — sparking a call by the International Energy Agency to reduce oil demand. Crude futures were up more than 3% on Monday morning during Asia trading — international benchmark Brent crude was at $111.46,

U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia’s assault on Ukraine

March 1, 2022

CNBC Oil prices surged Tuesday, with U.S. crude hitting its highest level since June 2014 as Russia bears down on Ukraine’s capital. Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from key exporter Russia, in what is already a very tight market. West Texas Intermediate crude futures, the U.S. oil benchmark,

Gas is key in the Russia-Ukraine conflict — and supply could be disrupted around the world

February 24, 2022

CNBC Russian forces on Thursday launched their long-feared attack on Ukraine, sending shockwaves through financial markets and ratcheting up fears about the ramifications for gas supplies around the world. Russian President Vladimir Putin cast aside international condemnation and the first tranche of sanctions by declaring the beginning of a “special military operation” aimed at the “demilitarization” of Ukraine. Russian forces have reportedly fired missiles

Oil prices jump 8% as Russia invades Ukraine; Brent tops $100 for first time since 2014

February 24, 2022

CNBC Oil prices on Thursday jumped following Russia’s invasion of Ukraine, with international benchmark Brent crude surpassing $100 a barrel for the first time since 2014. The attack is expected to have far-reaching implications for energy markets given Russia’s role as the world’s second-largest producer of natural gas and one of the world’s largest oil-producing nations. Oil prices have jumped more than

Oil eases as Ukraine hints at concessions to Russia

February 14, 2022

Reuters Oil eased on Monday, after earlier hitting its highest in more than seven years, as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war. U.S. West Texas Intermediate (WTI) crude dropped $1.10, or 1.17%, to $92.77 a barrel, after hovering near a session-high

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