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Russia’s crude shipments slump

Bloomberg Russia’s oil exports fell to a six-week low, reversing a previous trend and providing a sign of what’s to come as it prepares for a production cut of 500,000 barrels a day next month. Aggregate flows of Russian crude fell by 562,000 barrels a day, or 16%, in the seven days to February 10, even as exports from its ...

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European gas falls to 17-month low

  Bloomberg European natural gas prices fell to the lowest level since September 2021 as confidence grows for energy stability in the region through the remainder of winter. Benchmark futures slid as much as 4.8% to about €51.39 per megawatt-hour. Sweden downgraded its risk of power cuts to “low” in a sign that the worst of the region’s supply crisis ...

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US offshore energy boss says climate crisis is opportunity

  Bloomberg The US government is moving urgently to nurture new offshore wind and carbon storage industries despite some economic hurdles, according to the nation’s newly minted ocean energy regulator. The tasks of overseeing the buildout of those nascent industries falls to Liz Klein, an environmental lawyer and clean energy champion just appointed director of the Bureau of Ocean Energy ...

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