Central & Eastern Europe Oil & Gas News Monitoring

Global oil price hits $80 per barrel as traders expect US sanction of Russian oil fleets  

Brent Crude Oil hit $80 a Barrel on Friday, the highest since October 2024. This marks an increase of over 3% from the previous day. The price of Brent had hovered around $74-$77 since it dropped from above $80 in October. Today, oil prices broke the $80 …

A Deal with Russia at Ukraine’s Expense Will Not Bring Peace

Discussions of possible ceasefire negotiations in the war between Russia and Ukraine focus on the concessions that Ukraine could make to stop the hot phase of the war. At the same time, a realistic assessment of the prospects for a truce or peace should be …

US, UK block Russia’s oil giants in largest-ever energy sanctions package, target shadow fleet

The US Department of the Treasury announced a comprehensive set of sanctions targeting Russia’s energy sector and oil trade networks, marking a coordinated effort with the United Kingdom to restrict Russia’s primary revenue source for funding its military …

Roundup: Ukraine's halt of Russian gas transit tightens EU supplies, fuels U.S. LNG boom

VALLETTA, Jan. 10 (Xinhua) -- Since the halt of Russian gas transit through Ukraine on Jan. 1, Europe has been grappling with tight gas supplies and soaring prices. This situation threatens the energy security of several European countries, and …

World News Today highlights on January 10, 2025 : Biden imposes biggest sanctions on Russia, hits oil and gas revenues ...

Biden administration sanctions Russia’s oil giants and tanker fleet

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine, Reuters …

Zelenskyy welcomes US sanctions against Russian oil industry

Stock photo: Getty Images Ukrainian President Volodymyr Zelenskyy has welcomed the upcoming package of US sanctions targeting Russia's oil refining industry, highlighting the impact on Surgutneftegas, referred to as the "wallet" of Kremlin …

Latest US sanctions against Russia: Gazprom must exit Serbian oil company NIS within 45 days – Reuters

Stock photo: Getty Images Russian oil company Gazprom Neft, a subsidiary of the energy giant Gazprom, has been given 45 days to divest from its ownership of the Serbian oil company NIS following new US sanctions targeting the Russian oil sector. Source: …

U.S. Blocks More Than 180 Vessels, Oil Traders and Companies In Sweeping New Sanctions Against Russia

By Malte Humpert (gCaptain) – In an unprecedented move targeting Russia’s energy sector the U.S. Department of the Treasury announced sanctions against more than 180 vessels, dozens of oil traders, oilfield service providers and insurance companies.  The …

Ukraine Axes Russian Energy: Will the EU Follow?

Ukraine has taken a decisive step by ending the transit of Russian gas. It aims to deprive the Kremlin of around $6.5bn in revenue from energy exports — money that is used for armaments to kill its citizens. What of the European Union (EU)? It has not had …

Biden expands sanctions on Russia's energy sector amid Ukraine conflict

President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its nearly 3-year-old war in Ukraine as President- …

Ukrainian President Backs US Government For Imposing Fresh Sanctions On 400 Russian Entities

President of Ukraine, Volodymyr Zelenskyy, has appreciated the government of the United States of America over what he termed as a package aimed at 400 entities linked to the energy sector in Russia. “I am grateful to @POTUS, his administration, and the …

Russian oil firm shrugs off sanctions, insurer says dodgy operators will profit

MOSCOW (Reuters) - Russian oil producer Gazpromneft shrugged off the impact of major new U.S. sanctions on Friday, while insurance company Ingosstrakh said they would create a market vacuum that would benefit less reputable competitors. The outgoing …

Oil rises as US and British sanctions placed on Russian firms

Oil crossed $80 a barrel for the first time since October as the UK and US placed sanctions on the Russian oil majors Gazprom Neft and Surgutneftegaz. The coordinated move came as President Biden’s administration enacted further wide-ranging sanctions …

The Oil Bulls Are Back as Brent Breaks $80

Bullish sentiment is well and truly back in oil markets, with Brent breaking $80 and WTI trading at $77.46. Oil prices have started the year rallying aggressively, with Brent breaking $80 per barrel for the first time since October 7 last year. The rally …

America's Reliance on Natural Gas Is Only Growing

America’s Love for Natural Gas Caps Emissions - For the first time on record, US emissions from gas-fired power stations surpassed the mark of 1 billion metric tonnes of CO2, however thanks to natural gas pushing out coal the country’s total emissions …

India’s Refiners Brace For Major Disruption to Russian Oil Supply

Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped on tankers transporting Russia’s oil, refining sources in India told Reuters on Friday. Indian refiners understand that …

Vučić: US sanctions on Gazprom Neft forcing its exit from Serbian oil refiner NIS

The United States has introduced sanctions against Russian oil extraction companies Gazprom Neft and Surgutneftegas, the Office of Foreign Assets Control (OFAC) said. It is a division of the Department of the Treasury. American entities are now obligated …

US hits Russian oil in toughest sanctions yet in bid to give Ukraine, Trump leverage

By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) -The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald …

USEA To Hold Press Briefing on Electricity Shortages in 2025

The United States Energy Association will hold a press briefing on Zoom, its first of the year, on Wednesday, Jan. 15, at 11 a.m. EST.  WASHINGTON, DC, UNITED STATES, January 11, 2025 /⁨EINPresswire.com⁩/ -- The nation’s electricity supply faces a …

Hydrogen Market Set to Witness Significant Growth by 2024-2031 |Praxair, Inc., Air Liquide SA, Airgas In

According to a study by Coherent Market Insights, and is expected to grow at a CAGR of 7% in terms of revenue over the forecast period (2024-2031). BURLINGAME, CA, UNITED STATES, January 11, 2025 /⁨EINPresswire.com⁩/ -- The Latest Report, titled …

Strategic Growth Drivers in the Global Energy-As-A-Service (Eaas) Market: Rising Energy Costs and Environmental Concerns

Energy-As-A-Service (Eaas) Market Research Report: By Service Type, End User, Application, Business Model, Regional - Forecast to 2032. CA, UNITED STATES, January 11, 2025 /⁨EINPresswire.com⁩/ -- The Energy-As-A-Service (EaaS) market has been …

Wolf River Electric Partners with Maxeon Solar Technologies

Delivering Unmatched Solar Solutions and Sustainability ISANTI, MN, UNITED STATES, January 11, 2025 /⁨EINPresswire.com⁩/ -- Wolf River Electric, a trusted leader in renewable energy across the Midwest, proudly announces a transformative …

Pioneers Heating & Air Announces Crucial Homeowner HVAC Maintenance Facts for Los Angeles Area

Local HVAC Company Discusses the Importance of Yearly HVAC Maintenance. PASADENA, CA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- In a recent blog post, Pioneers Heating & Air, a trusted HVAC service provider in Pasadena, Beverly …

Seven States Power Corporation Receives $439M Investment from USDA New ERA Program for Renewable Power Solutions

CHATTANOOGA, TN, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- Seven States Power Corporation (Seven States) is proud to announce that it will receive $439,000,000 in federal funding through the U.S. Department of Agriculture’s New ERA ( …

Innovative Sweet Sorghum Food-Water-Energy Nexus Project Launches In Burundi

PHILADELPHIA, PA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- Jitmat (U) Ltd, Facet Power, Inc., and Jeni Eco Company, Ltd. have announced the formation of a a joint venture poised to transform Burundi’s agricultural, energy, and …

NTIA Awards SecureG $6M to Ensure Integrity and Interoperability of Open Radio Access Networks (O-RAN)

SecureG, Fujitsu and others partner to Develop Supply Chain Traceability for Open Radio Units (O-RU); Device Identity and Centralized Registry VIENNA, VA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- SecureG, the world’s most secure …

viveEV’s 600kW Ultra Slim Charger Selected for iF Design Award

viveEV announces its 600kW Ultra Slim electric EV charger has been selected as a finalist for the prestigious iF Design Award in Germany. DALLAS, TX, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- viveEV, a leader in innovative electric …

iSocket® Announces Enhanced Historical Temperature Data (HTD) Feature for Vaccine Storage Monitoring

iSocket® enhances its Historical Temperature Data (HTD) feature with quick-view options for effective remote temperature monitoring in vaccine storage. UNITED KINGDOM, January 10, 2025 /⁨EINPresswire.com⁩/ -- iSocket Systems announces new updates …

Testing, Inspection, and Certification Market to Reach USD 413.78 Billion by 2032, Growing at a 4.98% CAGR

The Testing, Inspection, and Certification Market was valued at USD 267.21 billion in 2023. It is projected to increase from USD 280.51 billion in 2024 NEW YORK, NY, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- The Testing, Inspection, …

Heating, Ventilation and Air Conditioning Market to Achieve USD 364.8 Billion by 2032 with 5.89% CAGR

Technological advancements across HVAC systems are expected to significantly bolster industry growth by improving efficiency, sustainability and performance. NEW YORK, NY, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- According to a …

Dosing Pump Market to Reach USD 9.1 Billion by 2030, Growing at a CAGR of 4.30%

The increasing trend of adopting digital technologies is significantly driving the rapid growth of the market, enhancing efficiency and expanding opportunities. NEW YORK, NY, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- According to a …

Wind Turbine Composites Market Set for Rapid Growth and Trend by 2024-2031 Key Drivers Analysis –Suzlon Energy Limited

BURLINGAME, CA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- The Latest Report, titled "Wind Turbine Composites Market" includes a detailed analysis of current market conditions, market players, regions, types, applications, …

Intelligent Pigging Market Report, 2025 | Size, Share, Growing at a CAGR of 5.97%

Growing investments in pipeline projects especially in oil & gas sector Increasing government mandates and regulations for pipeline inspection CALIFORNIA, CA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive …

Ocean Power Market to Witness Remarkable Growth 2024-2031 |Tenax Energy, AWS Ocean Energy, CalWave

Ocean Power Market is estimated to be valued at USD 1,144.2 Mn in 2024 and is expected to reach USD 3,981.8 Mn by 2031 BURLINGAME, CA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- The Latest Report, titled "Ocean Power Market…

Battery Market Size Experiences Rapid Growth, Expected to Hit USD 475.37 Billion by 2032 with CAGR 15.20%

The rising demand for electronic and hybrid vehicles will create an opportunity for the market. CALIFORNIA, CA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive research report by Market Research Future (MRFR), …

Wellhead Equipment Market Set for Strong Expansion, Projected to Hit USD 10,274.77 Million by 2032

Key market opportunities for the wellhead equipment market include the increase in exploration and production activities globally. WASHINGTON, WA, UNITED STATES, January 10, 2025 /⁨EINPresswire.com⁩/ -- The research documents by MRFR indicate that …

Offshore Wind Turbine Market to surpass US$50 billion by 2030

Global offshore wind turbine market is anticipated to reach US$50.176 billion in 2030 from US$29.144 billion in 2025, reflecting robust growth. NOIDA, INDIA, January 10, 2025 /⁨EINPresswire.com⁩/ -- The offshore wind turbine market is anticipated …

H2Terminals and China National Energy Group Partner to Develop Major Green Hydrogen Projects

H2Terminals Limited, a pioneering force in green hydrogen marine technology, today announced a significant strategic partnership. LONDON, UNITED KINGDOM, January 10, 2025 /⁨EINPresswire.com⁩/ -- H2Terminals Limited, a pioneering force in green …