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U.S. official says Russia ‘took advantage’ of Europe’s energy crisis

Russia did not cause Europe’s energy crisis — but it didn’t help, and instead tried to benefit from the situation, according to Amos Hochstein, the U.S. State Department’s senior advisor for global energy security.

“It sure didn’t do anything that it could to alleviate [the energy crunch], and in fact, took advantage of it,” Hochstein told CNBC’s Hadley Gamble on Wednesday.


Citgo, Phillips 66 update status of post-Laura operations in Lake Charles

Citgo Petroleum Corp. and Phillips 66 are advancing efforts to restart their refining operations in Lake Charles, La., following damages sustained during Hurricane Laura’s Aug. 27 landfall along the US Gulf Coast in southwestern Louisiana.

With preliminary assessment of damages now completed and repair plans now in place, Citgo expects a phased restart of its 425,000-b/d Lake Charles refining complex, with all units anticipated to be back in service by mid to late-October, the operator said on Sept. 11.

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