Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap
Dec 28 2022 // President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that...
Exxon Avoids Hiring Tankers That Previously Transported Russian Oil
Dec 21 2022 // Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting itself in the same camp as Shell Plc with a move that pressures owners to choose whether to serve Moscow’s...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions
Dec 16 2022 // There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian port in Asia following G-7 sanctions targeting Moscow’s petroleum revenues. Since Dec. 5,...
Company Starting to Recover Oil From Kansas Pipeline Spill
Dec 15 2022 // TOPEKA, Kan. (AP) – The company operating a pipeline that spilled about 14,000 bathtubs’ worth of oil into a Kansas creek during a test for potential problems is recovering at least a small portion of the...
Keystone Oil Spill Cleanup Expected to Last Weeks
Dec 15 2022 // Cleanup of the biggest U.S. oil spill in nearly a decade will take at least weeks more, local officials in Kansas said on Tuesday, citing a recent meeting with Keystone pipeline owner TC Energy Corp. There is still no...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard
Dec 13 2022 // Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels carrying oil to sail through Turkish waters unhindered. “Following significant engagement...
Kansas Oil Spill Biggest in Keystone History
Dec 12 2022 // TOPEKA, Kan. (AP) _ A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait
Dec 12 2022 // A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that authorities in Ankara have resolved a spat with the insurance industry that arose...
Big Oil Does Little to Act On Climate Despite Vows
Dec 12 2022 // Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released on Friday that it got in a...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says
Dec 9 2022 // The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the...
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait
Dec 9 2022 // A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday, leaving millions of barrels of crude stuck. Late last month, Turkey insisted on proof...
G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists
Dec 8 2022 // The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of the Kremlin’s revenues next year and economists say even if it does lead to a drop in crude production,...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch
Dec 8 2022 // A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution to an insurance glitch caused by sanctions on Russian crude. Twenty-six tankers holding more than 23...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document
Dec 7 2022 // A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days after tougher regulations were imposed by Turkish authorities, a document showed. This has led...
Russia Oil Sanctions Fuel Boom for Old Tankers
Dec 6 2022 // The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime services firms steer clear of Russian oil to avoid falling...
Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments
Dec 6 2022 // Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are insured when navigating the vital Bosphorus and Dardanelles shipping straits. The measure, which...
Here’s What You Need to Know About Russia Oil Sanctions, Effective Dec. 5
Dec 5 2022 // After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain. The Group of Seven clinched a last-minute deal to...
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance
Dec 2 2022 // The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal, according to a Polish diplomat. The price is higher than where Russia already sells most of its...
Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5
Nov 30 2022 // Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine. The plan is meant to punish Russia while at the same time...
Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry
Nov 29 2022 // Norway will beef up security around the digital infrastructure that is essential for the Nordic country’s oil and gas production, following the recent sabotage on the Nord Stream pipelines. Norway will spend an...
