The Death Of Europe’s Coal Industry
More than half of Europe’s coal plants are already bleeding cash, but by 2030, the percentage of coal plants in Europe that report negative cash flow could explode to an Continue Reading
Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also Continue Reading
Oil prices settle down, but still higher on North Sea outage
The perfect storm of a healthy appetite from China, a decline in global inventories and a major North Sea pipeline outage sent oil prices higher on Tuesday. After a relatively Continue Reading
Oil Prices Hit High, Before Sliding, Amid Disrupted Supply
The beleaguered global oil industry is seeing the beginning of the end of the crude glut. A wave of oil-supply disruptions, rising demand and OPEC’s production cuts has raised hopes Continue Reading
Five main drivers of oil prices in the coming year Opec and Russia’s production deal matters as Brent hits $65 on pipeline closure
The oil market has climbed above $65 a barrel for the first time since 2015, boosted by the closure of the UK’s biggest oil pipeline that has cut North Sea Continue Reading
Warmer Arctic is the ‘new normal’
Sea ice that is more than four years old has largely disappeared in the Arctic A warming, rapidly changing Arctic is the “new normal” and shows no signs of returning Continue Reading
Saudi Arabia Plans to Raise Gas Prices by 80% in January
Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy Continue Reading
Refining Capacity Growth In Nigeria Will ‘Substantially’ Erode Exports
Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s crude oil exports due to a ‘weak’ new project pipeline. Nigeria’s projected growth in refining Continue Reading
The Coal Miners That Refuse To Resurface
A strike by coal miners in north-central Kazakhstan has spread to more mines as hundreds of workers are refusing to return to the surface, demanding higher salaries and better benefits. Continue Reading
Cyberattacks: The Biggest Threat To OPEC
Oil and cybersecurity in one sentence certainly makes for a thrilling read, and there will be an increasing amount of information on the topic as the Internet of Things expands Continue Reading