Russia

New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

The Trump administration has unveiled a potentially quixotic effort to halt the controversial $11.4 billion Nord Stream 2 (NS2) natural gas pipeline from Russia to Germany by threatening to sanction companies that help complete the last 100 miles of the 745-mile line. The State Department plans to alter the Countering America’s Adversaries Through Sanctions Act…

July 17, 2020
Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Russia will likely complete by next year the undersea Nord Stream 2 (NS2) natural gas pipeline to Germany despite ongoing U.S. efforts to scuttle the $11 billion project, analysts said. The start-up of the 5.3 Bcf/d NS2 could curb a potential recovery of U.S. LNG exports even if the Covid-19 pandemic recedes next year, said…

July 10, 2020
U.S. Lawmakers Push More Nord Stream 2 Sanctions as Russia Searches for Workarounds

U.S. Lawmakers Push More Nord Stream 2 Sanctions as Russia Searches for Workarounds

U.S. lawmakers have introduced bipartisan legislation to expand sanctions targeting the Nord Stream 2 (NS2) natural gas pipeline as Russia pushes ahead to complete the project and move more supplies into Europe.

June 5, 2020
LNG Supply Glut Likely to Outlast Demand for Years, Says IGU

LNG Supply Glut Likely to Outlast Demand for Years, Says IGU

Following a record year of low prices driven by increasing liquefied natural gas (LNG) production in 2019, the global supply glut is likely to persist for at least another two years, according to the International Gas Union (IGU) in its annual report this week.

April 29, 2020
Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020
Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020
Saudi Oil Alliance One Possibility to End Global Price War, Says Brouillette

Saudi Oil Alliance One Possibility to End Global Price War, Says Brouillette

The Trump administration is considering a host of potential resolutions to the oil price war currently wreaking havoc on global markets, including luring Saudi Arabia away from the Organization of the Petroleum Exporting Countries (OPEC) and into an alliance with the United States, according to U.S. Energy Secretary Dan Brouillette.

March 24, 2020

Saudi May Hold Out Up To 2 Years in Price War, Fitch Analyst Says

With the Organization of the Petroleum Exporting Countries (OPEC)-plus alliance having failed to reach an agreement earlier this month to extend production cuts and boost prices, the Saudi-led cartel and former oil ally Russia are entrenched in a battle to see which one can hold out longer in an oversupplied global market, Fitch Solutions Inc. analysts said Thursday.

March 20, 2020
U.S. Should Embargo Russian, OPEC Oil, Says North Dakota Senator

U.S. Should Embargo Russian, OPEC Oil, Says North Dakota Senator

The United States should embargo oil from Russia and Organization of the Petroleum Exporting Countries (OPEC) nations in response to their efforts “to distort energy markets,” according to Sen. Kevin Cramer (R-ND).

March 20, 2020
Oil Price Recovery Not Likely Until 2022; Recent Pullbacks ‘Just the Beginning,’ Says Enverus

Oil Price Recovery Not Likely Until 2022; Recent Pullbacks ‘Just the Beginning,’ Says Enverus

Despite a wave of announcements by oil and gas producers to cut spending and activity in the wake of collapsing oil prices, Enverus expects to see a more significant pullback this summer as the market comes to the realization that a recovery will not come quickly.

March 13, 2020
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