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High U.S. Gasoline Prices Weigh on Demand as Consumers Start to Feel the Pinch, Says Analyst

Gasoline prices have been surging and close to an average $5 per gallon across the U.S., with consumers feeling the pain in the pump. ....

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Risks of US secondary sanctions on Russian oil buyers rise as EU ponders embargo

Risks are rising that the US will impose secondary sanctions on Russian oil customers as G7 partners, including the EU, expand their commitments to curb flows, analysts said May 5. US secondary sanctions, like those reimposed on Iran in 2018, pressure third-party importing countries to reduce their purchases from the target country over time by . ....

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Feature: Qatar leverages its LNG goals with gas diplomacy amid war | Hellenic Shipping News Worldwide

With the West’s relations with OPEC stalwarts Saudi Arabia and the UAE on rocky ground, neighboring gas giant Qatar’s warming ties with the US and Europe are a sign of shifting energy alliances. Even before the Ukraine war had Europe scrambling for alternatives for Russia’s oil and natural gas, Qatar’s ambitions to grow its LNG . ....

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