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Energy

The one thing that could derail the US oil boom

As US crude exports soar, an unexpected issue is plaguing domestic producers, and it could completely derail the country’s oil boom. Two South Korean refiners have canceled the delivery of US crude oil cargoes that were due to arrive in January and February this year, Bloomberg reported earlier this week.

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German MEP Vows to Use ‘All Tools’ to Stop Nord Stream 2’s Construction

Earlier this week, the European Parliament adopted a resolution calling for the stopping of the Nord Stream 2 gas pipeline, which the document claimed boosts the EU’s dependence on Russian gas supplies and threatens the bloc’s energy security.

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Pompeo seeks to recruit top world oil execs to promote US foreign policy

US Secretary of State Mike Pompeo has sought to recruit some of the top oil industry guns to serve as Washington’s foreign policy tools to crack down on “bad actors” like Venezuela, Russia and Iran.

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Russian LNG will be cheaper for Europe than US alternative – Novatek

Europe will pay half as much for liquefied natural gas (LNG) from Russia than what US energy companies offer, according to independent Russian gas producer Novatek.

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BP Chief Calls US ‘Market Without Brain’ for Renewing Record Oil Output

The United States is acting as “a market without a brain” as it responds to prices and increases its oil output to record highs, Bob Dudley, the chief executive officer of the UK multinational BP Group, said Tuesday.

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Washington pushing own gas sales to Europe by criticizing Russian pipeline – Bavarian PM

The Nord Stream 2 gas pipeline project, implemented by Russian energy corporation Gazprom, serves the interests of Germany, according to Bavarian Prime Minister Markus Soder, as quoted by Frankfurter Allgemeine Zeitung.

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US arm-twisting & pipe dreams aside, Europe just won’t quit Russian gas imports

Austria will continue buying Russian gas despite US pressure and fear-mongering from Poland and Ukraine about dangers to European energy security. The cost of importing US gas is just not right, says its Chancellor Sebastian Kurz.

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4 ways India is putting its own interests before Washington’s

India appears to be defying every foreign policy goal relentlessly pursued by the US, stubbornly striking deals with nations Washington is trying to isolate from global trade. Russia, Iran and now Venezuela – all among the top targets of Washington’s aggressive rhetoric and sanctions – are also among the nations India has been refusing to […]

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US imports of ‘sanctioned’ Venezuelan oil surge fivefold

Purchases of Venezuelan crude by US energy companies saw a five-fold weekly growth as of the middle of February, nearly reaching their pre-sanctions level, the latest data published by the International Energy Agency (IEA) shows.

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Nord Stream 2 is in ‘our interest’, says German minister amid US pressure on project with Russia

As the US tries to impede Berlin from a joint energy project with Russia – Nord Stream 2 – the German economy minister says that his country will stick to the enterprise, backing Moscow as a reliable partner.

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Austrian Stakeholder of Nord Stream 2 Hits Back at US Pressure on EU Gas Market

Earlier in January, European companies participating in the venture aimed at building a new route for Russian gas to bypass Ukraine, reportedly received threatening letters from US Ambassador to Germany Richard Grenell. He warned the firms about the sanctions risk their involvement in the project incurs.

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Ditching Russian gas will be economic suicide for Europe – analyst to RT

Washington’s attempts to derail the Nord Stream 2 pipeline project to supply Russian natural gas to the European Union will definitely backfire, according to a geopolitical expert Dr. Pierre-Emmanuel Thomann.

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Ex-German Chancellor Reveals True Reason for US Criticism of Nord Stream 2

Former German Chancellor Gerhard Schroeder has lashed out at the US for its position on the Nord Stream 2 gas pipeline. Former Chancellor of Germany Gerhard Schroeder said Saturday that the US has its own energy interests in Europe, which explains the pressure Washington is exerting on the Nord Stream 2 gas pipeline project.

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European energy policy should be determined by Europe, not the US – German FM

Washington’s criticism of the Nord Stream 2 pipeline project to deliver Russian gas to Europe bypassing transit countries has been strongly rejected by German Foreign Minister Heiko Maas.

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Russia’s $75 trillion in resources is why sanctions are impossible

The country with the largest mineral reserves in the world, Russia, is the second top exporter of rare earth minerals. Its natural resources are estimated at tens of trillions of dollars. It has abundant supplies of oil, natural gas, timber and valuable minerals, such as copper, diamonds, lead, zinc, bauxite, nickel, tin, mercury, gold and […]

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