Non-energy sanctions on Russia ‘already reduced oil supplies’

Initial data from the energy market shows demand for Russia’s oil ‘has evaporated’ as traders weigh up the impact of the violence and sanctions on insurance, shipping and credit

New global initiative targets methane emissions from energy industry

The project aims to close the gap between observed methane emissions and those reported at the company level

Oil price hits two-year high as Libya fears intensify

The oil price of Brent crude rocketed to a two-and-half year high today to more than $108 a barrel on the back of on-going tensions in Libya. And Energy Minister Charles Hendry used a speech today at the International Energy Forum in Saudi Arabia to stress the UK’s “agenda of shifting away from the oil […]