Oil and Gas
Several commodities face headwinds in 2025 — but this metal’s record rally is set to continue
Gold bullions are displayed at GoldSilver Central’s office in Singapore June 19, 2017. Edgar Su | Reuters Commodity prices are largely expected to fall in 2025 due to a sluggish global economic outlook and a resurgent dollar, but gold and gas prices are poised to rally this year, according to industry experts. Commodities had a […]
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Ukraine’s halt of Russian gas to Europe throws breakaway Moldovan region into crisis mode
Flow regulator valves at a natural gas measuring station in Moldova. Bloomberg | Bloomberg | Getty Images Moldova’s breakaway region of Transnistria has been thrust into a profound energy crisis following the termination of a five-year gas transit agreement between Russia and Ukraine. Hundreds of thousands of people in the mainly Russian-speaking territory of Transnistria […]
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Trump says Britain is ‘making a very big mistake’ with windfall tax on North Sea oil producers
The NKT Victoria cable laying ship operates off the coast of Marske by the Sea as it lays cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, United Kingdom. Ian Forsyth | Getty Images News | Getty Images U.S. President-elect Donald Trump on Friday called […]
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Ukraine just stopped Russian gas flows to Europe. Here’s who’s most at risk
The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025. Bloomberg | Bloomberg | Getty Images Ukraine halted the flow of Russian gas to several European countries on New Year’s Day, bringing an end to Moscow’s decades-long dominance over Europe’s energy markets. […]
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Russia’s Gazprom says it will halt gas supplies to Moldova starting Jan. 1
A giant sign for OAO Gazprom stands above a building in Moscow, Russia Andrey Rudakov | Bloomberg | Getty Images Russia’s state-owned energy giant Gazprom said Saturday it will halt gas supplies to Moldova starting on Jan. 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces […]
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Qatar vows to stop EU gas sales if fined under due diligence law, FT reports
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister […]
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Moldova declares state of emergency over fears Russian gas flows via Ukraine will stop
Dorin Recean, Moldova’s prime minister, speaks during the United Nations General Assembly (UNGA) in New York, US, on Friday, Sept. 27, 2024. Bloomberg | Bloomberg | Getty Images Moldova’s parliament on Friday voted to approve a 60-day state of emergency, citing fears of an immediate threat to the security of its citizens ahead of an […]
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Qatar energy minister: I don’t ‘worry much’ about Trump’s vow to lift LNG exports cap
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar’s energy minister said he isn’t too concerned about U.S. President-elect Donald Trump’s pledge to lift the cap on liquefied natural gas exports. “Additional gas is […]
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OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says
The OPEC+ “precautionary” decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition’s chair, Saudi Energy Minister Abdulaziz bin Salman. On Thursday, the oil producers’ alliance agreed to extend several output cuts, with the […]
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BP seeks buyers for U.S. natural gas pipeline system stake, Reuters reports
Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.S Luke Sharrett | Bloomberg | Getty Images BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 […]
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