Oil slipped after hitting a seven-year high following a surprise draw in U.S. crude stockpiles and a robust decline in fuel supplies. Futures in New York edged toward $83 a Continue Reading
Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs Continue Reading
The oil price rally is far from over, with inventory drawdowns across the world suggesting the market is far from being balanced OPEC+ appears in no rush to add supply Continue Reading
Oil reversed its early course to settle higher after an EIA report showed a decline in US crude inventories. Oil hit a fresh high after a U.S. government report showed Continue Reading
Can new variants of the coronavirus keep emerging? Yes, as long as the virus that caused the pandemic keeps infecting people. But that doesn’t mean new variants will keep emerging Continue Reading
In April, Diversified Energy Co. told investors it had achieved a “marked improvement” in its environmental record: It had cut direct greenhouse gas emissions by 28% in a single year. Continue Reading
Picking the precise moment when the world’s leaders had unmissable evidence of climate change is a matter for unsolvable debate, but there’s a strong case to be made for 1990. Continue Reading
Two of the most important events on the global diplomatic calendar take place at the end of this month. The Group of 20 summit, a meeting of the leaders of the Continue Reading
A huge leak of documents seen by BBC News shows how countries are trying to change a crucial scientific report on how to tackle climate change. The leak reveals Saudi Continue Reading
Even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market, Saudi Continue Reading
Oil prices could hit $100 a barrel during the first half of 2022 amid low global commercial stocks, Iraq’s Oil Minister Ihsan Abdul Jabbar Ismaael said on Wednesday, as carried Continue Reading
Highlights Sanalla still working despite suspension, sources say Minister Oun says Sanalla under investigation for trips Ministry, NOC battling to control Libya’s energy policy Libyan oil minister Mohamed Oun has Continue Reading
Egypt issues tenders for 17 new desalination plants Eyes adding 2.8 mln cubic metres’ daily desalting capacity To buy water from private plants for subsidised re-sale Emphasis on using solar Continue Reading
India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks, a senior power ministry official said on Thursday, as the energy-hungry nation battles Continue Reading
India’s state-owned and private refiners are set to collaborate on their crude oil imports to secure better contract terms, Reuters has reported , noting that the idea comes from the Continue Reading
High prices threaten India’s goal to boost the use of gas in its energy mix as some industries are looking at switching back to coal and petcoke, a top bureaucrat Continue Reading
Peru’s state-owned Petroperu hopes to once again extract oil in the Andean nation by the end of the year to supply crude to its Talara refinery, the government said on Continue Reading
The giant Itaipu hydroelectric power plant, wedged between Paraguay and Brazil on the Parana River, is facing an energy crunch amid record low river and rainfall levels that experts say Continue Reading
Guyana became a major holder of oil and gas reserves in 2015 when ExxonMobil found oil in its waters. Guyana wants to use the large oil and gas discoveries over Continue Reading
China’s thermal coal futures fell the maximum 11% at the start of Wednesday’s night session on the Zhengzhou Commodity Exchange, extending a plunge triggered by possible government intervention in prices Continue Reading
China’s latest attempt to lower runaway commodity prices, this time for thermal coal, is likely to follow a familiar pattern of initial success followed by failure. So far this year, Continue Reading
Oilfield firm Baker Hughes Co (BKR.N) reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply Continue Reading
U.S. crude and fuel inventories tightened further last week, as supplies of gasoline hit a two-year low and inventories at the largest U.S. commercial storage hub dropped to a three-year Continue Reading
Enbridge Inc (ENB.TO) shut down its Line 5 oil pipeline for several hours on Tuesday after protesters trespassed onto a facility in Michigan and tampered with the pipeline, an Enbridge Continue Reading
Nuclear power is the only truly low-emissions electric power generating source that could work on today’s power grid Small modular reactors have gained plenty of traction lately as a potential Continue Reading
While electric vehicles are undoubtedly the future, the question of whether or not our power grid is also ready for the “future” has started to surface. Especially in places like Continue Reading
Exxon Mobil Corp.’s XOM 0.55% remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according Continue Reading
Tesla Inc. TSLA 0.18% notched a third consecutive record quarterly profit, thanks in part to the electric-vehicle maker’s ability to navigate persistent global supply-chain disruptions. The strong earnings came after Tesla delivered roughly 73% Continue Reading
Highlights US crude exports averaged 3.06 million b/d last week: EIA Trans-Atlantic Aframax rates climb nearly 72% since start of October An Oct. 20 report from the US Energy Information Continue Reading
Facilities in an oil sands project near Fort McMurray, Alberta. Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as Continue Reading
President Vladimir Putin on Wednesday ordered most Russians to stay off work for a week later this month amid rising COVID-19 infections and deaths, and he strongly urged reluctant citizens Continue Reading
The European gas crisis can yet bite Russia, President Vladimir Putin said on Wednesday, should soaring prices feed into inflation, further boosting the cost of essentials such as food, or Continue Reading
Russian President Vladimir Putin ordered people to stay off work for at least a week while Latvia has introduced a monthlong Covid-19 lockdown as deaths climb, driving renewed fears of another wave Continue Reading
Britain’s energy market faces an absolute massacre that could claim another 20 suppliers unless the government urgently reviews the energy price cap, Scottish Power Chief Executive Keith Anderson told the Continue Reading
EU leaders on Thursday will debate their response to soaring energy prices, which have exposed familiar rifts over the bloc’s climate change goals and divided countries on whether the price Continue Reading
After 19 months spent attempting to ward off Covid-19 while safeguarding jobs and businesses, the U.K. is heading into winter with a growing problem: The coronavirus is spreading rapidly, just Continue Reading
Oil fell from the highest level in seven years as China unleashed measures aimed at stabilizing its power supplies for the winter, while a U.S. industry report pointed to an Continue Reading
Oil prices fell on Wednesday after the Chinese government stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity as Beijing moved to Continue Reading
Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China, the world’s biggest energy consumer, revived concerns about its ability to meet heating demand needs amid power Continue Reading
$100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, Continue Reading
The American Petroleum Institute (API) on Tuesday reported its fourth straight week of crude oil inventory builds. The week, according to the API, the build was 3.294 million barrels-strong. U.S. Continue Reading
A surge in oil prices is drawing fund managers back into shares of oil and gas companies, even as some remain unsure that the price gains will stick. Energy stocks Continue Reading
Oil rose from the highest settlement since 2014 as investors assessed the energy crunch roiling global markets. Futures in New York edged toward $83 a barrel after rising 2.5% over Continue Reading
U.S. gas prices recently climbed to their highest in real terms for more than a decade, as energy shortages and spiking prices in Europe and Asia work their way back Continue Reading
With WTI trading above 80 per barrel, shale drillers in the US are increasingly likely to reduce capital discipline and use their recent cash windfall on new drilling rigs in Continue Reading
Energy security and emissions reduction targets, especially in China, are prompting more buyers to seek long-term contracts The sellers, for their part, now ask for higher prices in the discussions Continue Reading
A customer shops for groceries at a Miami supermarket as rising consumer prices make many think of … [+] The growing energy crisis is causing rising prices for groceries, cars, Continue Reading
Satellites are emerging as a tool to fight climate change, exposing hidden sources of greenhouse gas emissions and allowing governments to monitor compliance with international pacts. Over the past three Continue Reading
Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to Continue Reading
Coal mining in China has increased in 2021 Plans by governments to extract fossil fuels up to 2030 are incompatible with keeping global temperatures to safe levels, says the UN. Continue Reading
