MOSCOW (Bloomberg) --Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel demand rebounds from the pandemic. With crude already trading above $85 a barrel in London, the outlook for Russian output leave...

(Bloomberg) --China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply. Gasoline exports in 2021 slid 9.1% from a year earlier to 14.54 million tons, the lowest level in three years, government data show. That’s equivalent to about 333,000 barrels a day, accor...

MOSCOW (Bloomberg) --Russia is keeping Europe’s natural gas market on edge, with no relief in sight from the country’s preliminary supply plans for next month. The nation’s exporter, Gazprom PJSC, again opted not to book any extra pipeline space to ship the fuel westward through Ukraine during a monthly auction on Monday. On top of that, z...

FGSZ Ltd, the owner and operator of the Hungarian high-pressure transmission natural gas pipeline system servicing gas distribution companies, power plants and large industrial consumers has commissioned DNV to assess the suitability for partial to full hydrogen transport of one of FGSZ’s pipelines. The intention of this project is to evaluate th...

(Bloomberg) --The Biden administration is working with oil-producing countries to ensure supply rises to meet demand, according to the White House, as prices surge to the highest level in seven years. The White House plans to continue to monitor prices in the context of global growth and hold discussions with OPEC+ countries as needed, National...