Import curbsthat take effect within weeks could drive up prices or lead toshortages

𝐏𝐫𝐚𝐧𝐚𝐯 𝐊𝐚𝐧𝐭𝐡 is an accomplished Strategist and Marketer with over 23 years of experience in the Oil & Gas sector and has held various leadership roles in 𝗧𝗼𝘁𝗮𝗹, 𝗕𝗣, 𝗮𝗻𝗱 𝗔𝗽𝗮𝗿. Besides India, Pranav has wide international experience working in Paris and Singapore. His functional expertise includes Strategy, Mergers & Acquisitions, and Marketing.

BY SAEED SHAH AND ESMATULLAH KOHSAR

Europe’s ban on Russian oil, combined with the U.S.- generated “cap” on Russian oil prices, marks the end of the global oil market. In its place is a partitioned market whose borders are shaped by not only economics and logistics but also geopolitical strategy. Western governments have created this new market in an effort to stifle the oil revenue fueling Vladimir Putin’s war machine. Moscow will counterattack, hoping to cause disruption, panic and a break in support for Ukraine. But Russia will have a tougher time than expected given current market conditions.

THROOP, Pa.— The highest prices in years have made producing natural gas profitable just about anywhere. But with companies trimming their emissions and new tax breaks for waste-to-energy projects, some of the most lucrative places to extract gas are garbage dumps.

The West imposed sanctions on Russian crude, pitching the energy conflict with Moscow into an unpredictable new phase that could inject further volatility into global oil markets

The U.S. government reversed course in late November and cleared the way for Chevron Corp. to pump oil in Venezuela again, but the company’s new license to operate carries considerable risk.

TOKYO—Japan’s government is planning to create a strategic buffer of liquefied natural gas, trying to build resilience against the kind of energy crunch that hit Europe this year.

Cartel opts against raising production even as price cap on Russian oil threatens disruption

The global energy system is far more flexible than you think Nov 30th 2022