EU energy crisis hasn’t gone away

The European Commission thinks the natural gas crisis has gone away. However, many energy-intensive companies have either closed or reduced production after being unable to cope with higher energy prices, especially as

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Markets ignore Saudi-led crude cuts

Concerns about a global economic slowdown impacting demand overshadow Saudi Arabia’s promised output cuts. The market sentiment has also been affected by rising fuel stocks in the US and disappointing Chinese export

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Natgas projects in revival mode

Follow-through from last month’s G7 meeting, when “increased deliveries of LNG” and “publicly supported gas investments” were endorsed, has started to emerge. US public finance has started to flow for LNG, despite

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More natgas investments needed

The Group of Seven energy ministers have agreed that new investments in natural gas are needed because of the energy fallout from Russia’s invasion of Ukraine. The G7 statement, released on April

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Oil prices volatile to output decisions

Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in

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