EV Sales Growth Is Slowing In Europe
Sales of electric vehicles (EVs) and plug-in hybrids in Europe’s top car markets rose by just 33 percent in the first half this year, compared to a 54-percent surge in Continue Reading
Q2 2018 power output down 22% for Norway’s Statkraft as drought hits Nordic hydro
An unusually hot, dry second quarter saw Statkraft’s hydro-based power production fall 22% to 11.5 TWh for the period, the state utility said Thursday. Receive daily email alerts, subscriber notes Continue Reading
Russia’s Novatek ships first LNG cargo to China via Arctic
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically Continue Reading
Oil prices fall on rise in U.S. stocks, demand worries
Oil prices fell on Wednesday after news of a rise in U.S. crude inventories last week, defying analysts’ expectations for a big fall, while concerns about weak demand also resurfaced. Continue Reading
Oil Prices Inch Lower After API Reports Surprise Gasoline, Crude Build
The American Petroleum Institute (API) reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to analyst expectations Continue Reading
Goldman: Brent To Retest $80 This Year
Goldman Sachs—which has been bullish on oil for most of this year— continues to expect that Brent Crude prices could retest the $80 a barrel threshold this year, but probably Continue Reading
Transocean delivers one-two rig contract punch
Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased its ultra-deepwater Continue Reading
IEA frets over global spending on energy
China is the largest destination for energy sector investments, but there are concerning trends of a global slowdown, the International Energy Agency said. The IEA in its world energy investment Continue Reading
Wasteful gas flaring starting to decline, World Bank says
Gas flaring from oil and gas operations, a source of greenhouse gas emissions, is on the decline, but reaching a goalpost remains elusive, the World Bank said. The United Nations Continue Reading
OPEC To Rule Oil Markets Till Peak Demand
OPEC will continue to play a key role in oil supply and prices in the global oil market through 2040, despite the relentless oil production in the Permian and expectations Continue Reading