Cuts to Russian supplies in recent months and fears of further curbs have prompted European energy companies to go hunting for new sources of gas to refill storage ahead of the winter.

Chancellor Olaf Scholz’s three-party alliance agreed at the end of March to cut the levy on fuel for three months from June 1 by 30 euro cents per liter for gasoline and 14 cents for diesel, costing the government about 3 billion euros ($3.1 billion) in lost revenue.

Brent was down $1.86, or 1.5%, to $120.15 a barrel, WTI was down $2.15, or 1.8%, at $118.52.

The price of OPEC basket of thirteen crudes stood at $123.19 a barrel

The Administration has actually recommended that people buy EVs to avoid increasing gasoline prices. The recent ban on imports of Russian oil will likely further increase gasoline prices, which have already doubled under the Administration.

This is a fantastic moment for the United States to reclaim global nuclear energy leadership.

Brazil does not yet possess offshore wind capacities (but 20.8 GW for onshore wind in 2021) but several other offshore wind projects are currently planned in the country.

The Assam state, located in northeastern India, recently commissioned a 70 MW solar power project, and 100 MW are currently under construction.

Jiangsu’s installed capacity for gas-fired power generation exceeded 13 GW in 2021,

This solar PV tender is the first of two 2 GW tenders planned by the KEA in 2022.

India does not currently possess offshore wind capacities but plans to reach a 30 GW capacity by 2030.

In May 2022, Spain and Portugal created an extraordinary and temporary mechanism in Spain and Portugal to protect consumers from the rise in electricity prices,

Russian shipments through the Nord Stream pipeline to Germany are set to swing broadly on Tuesday, nominations show. The link is also scheduled to shut down July 11-21 for seasonal maintenance.

The purchase would be yet another shot in the arm for Adani, who has been seeking global investors and has committed to spend as much as $70 billion by 2030 across the green-energy value chain.

"The energy complex is very tight globally and LNG prices will be supported in the next two-three months at the very least," a trading source based in Singapore said June 13.

Brent rose $1.05, or 0.9%, to $123.32 a barrel, WTI rose 96 cents, or 0.8% to $121.89 a barrel.

The price of OPEC basket of thirteen crudes stood at $120.66 a barrel

From January through May 2022, LNG imports into the European Union and the United Kingdom averaged 14.9 Bcf/d, which is 5.9 Bcf/d (66%) more than the annual average in 2021 and 4.7 Bcf/d more than the pre-pandemic high of 10.3 Bcf/d in 2019

U.S. natural gas prices to remain relatively high in 2022 because of lower-than-average natural gas inventories resulting from factors affecting both supply and demand.

Investment in electricity generation in India has rebounded from its slump during the COVID-19 pandemic, with 15.5 gigawatts (GW) of renewable energy capacity – representing an investment of a record US$14.4 billion – added in the past financial year.