US coal generation rises to five-month high in Jan: EIA
US power generation from coal totaled a five-month high 81.81 TWh in January, up 3.9% from December and 25.7% higher than the year-ago month, according to data from the US Continue Reading
U.S. Oil Lobby Backs Carbon Fee as Substitute for Regulation
The American Petroleum Institute board voted Thursday to endorse putting a tax or other price on carbon dioxide emissions, a shift for the oil industry that could influence the Biden administration’s Continue Reading
Limetree Bay refinery on St. Croix will test Biden’s environmental justice promises
Two hours after midnight in this island paradise, a cloudy vapor rose from a massive oil refinery and floated over nearby homes as quietly as a ghost. The fine mist Continue Reading
Shrinking North American LNG field raises fear of ‘oligopolistic’ supplier future: panelists
Highlights Mismatch between available financing, quality projects Bankers encourage greater contract, distribution flexibility Houston — There is a mismatch between the amount of available financing and the number of quality Continue Reading
Banning New Gas Cars Is Key for Hitting EU’s Climate Goals
The European Union must set a date to phase out the sale of new petrol and diesel cars so that the region meets its aim of becoming climate-neutral, according to nine Continue Reading
The UK Prepares To Boost North Sea Drilling
The U.K. has announced a ‘Landmark Deal’ to drill new wells in the North Sea securing the future of U.K. oil and saving thousands of jobs while calling net-zero promises Continue Reading
Crude oil futures fall on prospect of resumption in Suez Canal flows, bearish EIA data
Crude oil futures slid during the mid-morning trade in Asia on possibility of a rapid resumption in oil flows as a grounded container ship blocking the Suez Canal was partially Continue Reading
Oil Retreats After Surge With Volatility Rising Amid Suez Mishap
Oil retreated in Asia as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, with market volatility rising after two wild days that saw prices whipsaw around Continue Reading
Oil Up After Suez Canal Blockage
Oil rebounded, following a sell-off on Tuesday, as investors assessed the impact of a blockage in the Suez Canal and European manufacturing data beat expectations. Futures in New York added Continue Reading
Oil Industry Hit Hard By New Travel Restrictions
A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, Continue Reading