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Russia losing OPEC+ clout as Ukraine war weakens oil market role | Hellenic Shipping News Worldwide

OPEC and Russia remain aligned but the Kremlin’s influence within the group of major oil producers looks diminished by sanctions and the international backlash to its war in Ukraine. As the OPEC+ alliance prepares to hold its next virtual meeting May 5 to decide on June crude output levels, Russian production is already on the . ....

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Industry leaders say scarcity of gas a greater worry

HOUSTON: Energy industry leaders said the burgeoning energy crisis is perhaps more dire in natural gas markets than in crude oil, due to Europe’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston have stressed a greater need for secure energy supply. While world crude markets have been roiled by the US ....

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Scarcity of gas a greater worry due to Russia's export dominance | Hellenic Shipping News Worldwide

Energy industry leaders said the burgeoning energy crisis is perhaps more dire in natural gas markets than in crude oil, due to Europe’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston have stressed a greater need for secure energy supply. While world crude markets . ....

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