Natural Resources Minister Jonathan Wilkinson says Canada can produce and export another 300,000 barrels of oil and natural gas per day as part of a global effort to displace Russian fossil fuels. Wilkinson is in Paris for an International Energy Agency meeting, which was focused heavily on helping Europe reduce its strong dependence on Russia…
Traders Warn of Russia-Related Diesel and Gas Shortages
March 24, 2022
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LAUSANNE—Energy and commodity markets are in shock after Russia’s invasion of Ukraine, the world’s top trading firms said on Tuesday, warning of gas and diesel shortages in Europe and economic recession if Russian flows fall further. Prices across gas, oil, metals, and agricultural markets have soared since the invasion and become so volatile that companies…
Rouble Closes at Highest Since February on Gas Sales Move
The Russian rouble closed on Wednesday at its strongest this month against the dollar both in Moscow and offshore exchanges after President Vladimir Putin said Russia would start selling its gas to “unfriendly” countries in roubles. The rouble ended below 100 per dollar, still down over 22 percent this year as Russia faces strict sanctions globally,…
GOP Launches Voter Mobilization Effort at Gas Stations Amid High Fuel Prices
The Republican National Committee (RNC) said they have launched a voter mobilization effort at gas stations across the United States as Americans pay record-high prices for fuel. “Don’t like the #BidenGasHike? Vote! Republicans are coming to gas stations nationwide to register voters!” wrote GOP Chairwoman Ronna McDaniel in a Twitter post. Data published Sunday by…
With the World’s Oil Supply Squeezed by War, It Is Vital to Unleash Canada’s Enormous Energy Resources
Commentary Oil prices have risen to a staggering US$120 per barrel in the wake of Russia’s invasion of Ukraine. But that’s not a record in real-dollar terms. Inflation-adjusted oil prices reached the same level in 2013, driving a supply response that temporarily lowered prices. World oil demand steadily increased, reaching a record 100 million barrels…
Poll: Americans Want More Domestic Energy Production
The increased pressure on the U.S. oil supply and soaring gas prices have left the vast majority of Americans calling for more domestic oil production. Convention of States Action along with The Trafalgar Group released new polling data that showed that 77.3 percent of surveyed American voters say that, “in the wake of Russia’s invasion…
Lawmaker Group Asks EU to Withdraw Green Investment Label for Gas
BRUSSELS—Around 100 European Union lawmakers asked Brussels on Wednesday to withdraw plans to label energy investments in gas as green, saying this undermined Europe’s push to reduce reliance on Russian fossil fuels. Even before Russia invaded Ukraine, EU countries and lawmakers were divided over the European Commission’s plan to label gas and nuclear investments as…
1,000 Gallons of Diesel Stolen From Texas Gas Station: Owners
Authorities in Houston, Texas, are investigating after thieves allegedly stole some 1,000 gallons of diesel from an area gas station, according to the station owner. Jerry Thayil, whose father owns the Fuqua Express gas station, told CNN this week that thieves stole from the station for three days, getting away with between $5,000 and $6,000 of…
Russian Gas Flows to Europe Decline as Nominations Drop
OSLO—Russian gas deliveries to Europe via the Nord Stream 1 pipeline were steady while lower through Ukraine on Wednesday as the Yamal-Europe pipeline remained in reverse mode for a second day, flowing to Poland from Germany. Flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea were stable at 73,769,549 kWh/h on…
Gazprom Says Gas Exports Outside Ex-Soviet Union Down 28.5 Percent Year on Year so Far in 2022
Russian energy giant Gazprom said on Tuesday that natural gas exports outside former Soviet Union countries fell by 28.5 percent year on year to 30.7 billion cubic meters (bcm) in the period from Jan. 1 to March 15. It also said that its gas output for that period stood at 111.5 bcm, broadly unchanged from…
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