EU LNG imports climb despite new restrictions

China's LNG imports rebound in June as summer heat drives power demand

China's LNG imports are rebounding in June 2024, projected at 5.29 million tons — flat year-on-year but up from May's 4.9 million tons. The

EU Spent €2.3 Billion on Russian Fossil Fuels in May, Ranking as Fourth Largest Buyer

The European Union was the fourth largest buyer of Russian fossil fuels in May 2026, spending €2.3 billion ($2.62 billion), which accounted

Russia permits lower-grade Euro-3 gasoline production amid fuel shortage from Ukrainian drone strikes

Russia has authorized its oil refineries to produce lower-quality Euro-3 gasoline through the end of 2024, as Ukrainian drone attacks on Rus

Europe's heat pumps saved €9.7 billion in gas imports in 2025, analysis finds

Heat pump sales across Europe have surged, providing as much heat as LNG carried by over 200 tankers — double the amount that arrived from t

EU Considers Freezing Russian Oil Price Cap as Sanctioned Tankers Evade Seizure in UK Waters

The European Union is considering freezing the automatic adjustment mechanism for the price cap on Russian oil, while over 200 sanctioned Ru

Natural gas spending to hit 10-year high in 2026 as oil investment falls, IEA says