

Stanley Reed
Posts

BP Writes Off $25.5 Billion After Russia Pullout, but Profits Soar
The energy company said that quarterly profit more than doubled from a year ago.

Weaker Oil Demand, Especially in China, Might Ease Supply Crunch
The International Energy Agency foresees slower growth in demand for oil, caused by high prices and economic slowdowns.

How the Recoil From Russian Gas Is Scrambling World Markets
Europe wants 50 billion cubic meters of additional natural gas, but supplies are tight. Prices will rise and other regions might have to do with...

Other nations will join U.S. in releasing emergency oil reserves.
The International Energy Agency said member countries had agreed to a release to ease global oil markets that have been rocked by Russia’s war in...

OPEC Plus to Move Ahead With Plans for Modest Increase of Oil Releases
The oil producers insist that the oil market is “well-balanced” despite the Ukraine war and sanctions against Russia.

OPEC and Russia to Meet as War in Ukraine Roils Oil Market
Big producers seem to be sticking to modest output raises and alliance with Russia.

TotalEnergies Will Stop Buying Oil From Russia
The French company said it had been accused of “complicity in war crimes” for continuing to work in Russia.

Saudi Aramco will use big jump in profits to invest in more oil production.
The giant oil producer will spend as much as $50 billion this year on capital investments, including shale drilling.

Ukraine Energy Company C.E.O. Tries to Keep Lights On During War
DTEK, a prominent Ukrainian power company, arranges for soldiers to escort its emergency repair crews to reach damaged transmission lines.

Russian Sanctions Could Create ‘Supply Crisis’ as Oil Output Falls
The International Energy Agency said the global economy could be whipsawed by cuts in oil supplies and a sharp drop in demand.