Author: Charles Kennedy
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German Gas Marketer Seeks State Subsidy to Refill Storage
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 11, 2025, 10:30 AM CST Trading Hub Europe GmbH, the German natural gas market area manager, is holding “intensive discussions” with Germany’s authorities to potentially receive subsidies to refill gas storage sites amid fast-depleting inventories and rallying forward gas prices.…
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India Set to Launch New Oil and Gas Bid Rounds
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 10, 2025, 9:30 AM CST India plans to launch new oil and gas licensing rounds as early as this week, Oil Minister Hardeep Puri said on Monday, as the world’s third-largest crude oil importer looks to boost its domestic hydrocarbon…
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UK Energy Regulator Backs Controversial Zonal Pricing Idea
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 07, 2025, 10:30 AM CST The UK energy market regulator Ofgem favors the idea of introducing zonal pricing in Britain as the best way to move forward, Ofgem chief executive Jonathan Brearley told Montel News’ Plugged In podcast on Friday,…
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India’s Fuel Demand Increased by 3.2% Year-Over-Year in January
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 07, 2025, 9:30 AM CST Fuel demand in India, the world’s third-largest crude oil importer, increased by 3.2% in January from a year earlier, although consumption was lower compared to December 2024, when holiday travel and the end of the…
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U.S. Grid Investments Jump as AI Leads Power Demand Surge
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jan 28, 2025, 10:30 AM CST A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of…
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U.S. Adds Chinese Oil Major and Shipping Line to Military Blacklist
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jan 07, 2025, 1:27 AM CST China’s state oil major CNOOC and shipping line Cosco were added to a military blacklist compiled by the United States for ties between Chinese businesses and the People’s Liberation Army. The black list, Bloomberg noted…
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Moldova’s Breakaway Region Idles Industry Without Russian Gas
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jan 03, 2025, 9:30 AM CST Days after Russian natural gas stopped flowing to the breakaway region of Transnistria in Moldova, the area shut down all industrial production except food production, Transnistria’s first deputy prime minister, Sergei Obolonik, said. “All industrial…
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Mongolia and Orano Agree $1.6 Billion Uranium Mining Deal
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Dec 27, 2024, 9:30 AM CST Mongolia and French group Orano Mining have struck a preliminary agreement to develop a $1.6-billion uranium mining project in the Asian country, the Mongolian government said on Friday. The cabinet has sent a draft agreement…
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Finland Boards Russian Shadow Fleet Tanker After Subsea Cables Go Offline
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Dec 26, 2024, 10:30 AM CST Finland’s police and border patrol have boarded the Eagle S oil tanker, which is part of Russia’s shadow fleet while investigating the cause of an interruption of subsea power and data cables linking Finland with…
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Indian Oil Probes Allegations of Albemarle Bribes to State Firm’s Officials
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Dec 23, 2024, 10:30 AM CST Indian Oil Corporation (IOC), a state-owned oil giant, has launched an internal investigation over alleged bribes paid by Albemarle to IOC officials to secure contracts more than a decade ago, Indian media report. Responding to…