China’s efforts to control raw materials costs could include price limits on its runaway coal market, underscoring the government’s tough stance on taming inflation. Beijing is considering imposing a cap on Continue Reading
Surging costs of imported commodities drove China’s factory-gate inflation to its highest level since 2008, raising the odds that exporters will begin passing on higher prices and boost inflationary pressures Continue Reading
The price of goods leaving China’s factories has risen at its fastest pace since the financial crisis, piling pressure on policymakers as they grapple with the effects of a global Continue Reading
Global liquid fuels The June Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. The U.S. economy continues to rise Continue Reading
U.S. crude oil production is expected to fall by 230,000 barrels per day (bpd) in 2021 to 11.08 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a Continue Reading
The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White Continue Reading
The Biden administration on Tuesday said it will explore the potential of offshore wind energy development in the Gulf of Mexico, part of its goal to supercharge growth in clean Continue Reading
The Biden administration asked a federal judge to throw out a lawsuit by more than a dozen Republican-led states seeking to block the U.S. government from strengthening the way it Continue Reading
For years, Danish Oil and Natural Gas Co. did what many other big oil companies do: pumped hydrocarbons out of the North Sea. Today, it’s the world’s largest developer of Continue Reading
EIA again boosts US summer gasoline demand outlook US oil output to rise to 11.8 mil b/d by next year OPEC production expected to rise to 28 mil b/d by Continue Reading
The US Energy Information Administration June 8 raised by 1.63 Bcf/d to 99.76 Bcf/d its natural gas marketed production estimate for the US in the third quarter of 2021. Receive Continue Reading
Plummeting vaccination rates have turned what officials hoped would be the “last mile” of the coronavirus immunization campaign into a marathon, threatening President Biden’s goal of getting shots to at least Continue Reading
Airbus SE is poised to begin taking orders for a freighter version of its A350 twin-aisle as soon as next month, in a challenge to Boeing Co. ’s dominance in Continue Reading
Crude oil futures dipped during mid-morning Asian trade June 8, amid softening demand cues from independent Chinese refineries, even as strong demand indicators from the West and slow progress in Continue Reading
Oil prices extended their losses on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China’s oil Continue Reading
Oil declined alongside a broader market sell-off, with prices losing some momentum after hitting $70 a barrel in New York for the first time in over two years. U.S. benchmark Continue Reading
Traders have alighted on what some believe to be a one-way bet in the world’s most important commodity market: oil prices going to $100 a barrel. They have scooped up call Continue Reading
Two years ago the world noted growth in energy demand by 2.3 percent. It was primarily met by natural gas followed by renewables, oil, coal, nuclear, and others. The exploding Continue Reading
Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl, Continue Reading
These two gases are some of the best options for zero-carbon fuel. That could make them the hottest commodities on the planet … and the future stars of a multi-trillion-dollar Continue Reading
As surely as the rains fall and flowers blossom, the Northern Hemisphere awakens every June to another, less inspiring rite of spring—a new peak level for global atmospheric carbon dioxide. Continue Reading
OPEC and its allies expect oil inventories to fall further in the coming months, OPEC’s secretary general said on Monday, suggesting efforts by the producers to support the market are Continue Reading
Temperatures in the Middle East have topped 125 degrees after a run of record-breaking heat. Several countries tied or challenged national records amid the blistering heatwave, which has brought a Continue Reading
The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report Continue Reading
Saudi Arabia has lined up 15 banks to manage new multi-billion dollar bond offerings for its flagship oil and gas company, Aramco, according to a number of domestic and international Continue Reading
As Reconnaissance Energy Africa continues to excite investors and industry experts alike, we sat down with the man responsible for what could be the next major development in this story. Continue Reading
As the prices of steel, cement and other raw materials climb higher and higher amid tightening supply, drillers in the U.S. shale patch are facing higher production costs, Bloomberg reports Continue Reading
Crude oil imports into China dropped by almost 15 percent annually last month. While substantial, the drop is no reason for worry because it was caused by refinery maintenance season. Continue Reading
Top power producers set peak emissions goals by 2025 or earlier No signs of accelerated coal plant closures, ETS has limited impact Coal remains critical to alleviate peak demand power Continue Reading
China’s crude imports slumped 14.6% on the year to a five-month low of 9.69 million b/d in May amid destocking activities, showed preliminary data released June 7 by the General Continue Reading
Four refineries take cargoes for Jun/Jul delivery Around 80 mil mt quota available for Jun-Dec Using fuel oil lifts cost by $31/mt China’s independent refineries rushed to shop at least Continue Reading
Feedstock imports for China’s independent refineries rose by 1.8% month on month to 3.71 million b/d, or 15.7 million mt in May, as the refiners stockpiled bitumen blend ahead of Continue Reading
There are malign cyber actors capable of shutting down the U.S. power grid or parts of it, U.S. Secretary of Energy Jennifer Granholm said this weekend, calling for increased public-private Continue Reading
Some states impose moratoriums on new gas hookups Others have moved to preserve gas choice As state and local governments across the US pursue increasingly aggressive carbon-reduction targets, the market Continue Reading
The story here is of a gradual decline in the size and importance of most of these (once) large independents. Their combined reserves and production is not sizeable compared to Continue Reading
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ) , about the supply of batteries for its planned electric vehicle, four people with knowledge of Continue Reading
Environmental protesters clashed with police on Monday after occupying a pump station as they rallied against Enbridge Inc’s (ENB.TO) Line 3 pipeline in Minnesota, while Enbridge said it had evacuated Continue Reading
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. Continue Reading
Clean energy giants are finding a shortage of workers with the skills needed to support their ambitious growth plans. The renewables jobs market is heating up and candidates with the Continue Reading
A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs . The United States has exactly seven . With more than 90,000 miles of coastline, Continue Reading
The Biden administration on Monday set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause Continue Reading
Global oil demand is set to rebound and remain robust for some time, BP’s chief executive Bernard Looney told Bloomberg News on the sidelines of an economic forum in Russia, Continue Reading
Ricardo will support a project led by Coventry City Council, working alongside electricity distribution network operator WPD, to investigate the implementation of dynamic wireless power transfer (WPT) solutions for electric Continue Reading
Crude oil futures slipped during mid-morning trade in Asia June 7 as the market was waiting for pricing cues, although sentiment remained broadly supported by a rosy demand outlook from Continue Reading
Oil declined after hitting $70 a barrel for the first time since October 2018 as a rally driven by signs of a tightening market stalled. Futures dropped 0.7% in New Continue Reading
Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that is Continue Reading
The world’s most important oil-importing region, Asia, is showing signs of weaker physical demand with lower cargo arrivals in May and crashing refining margins as a COVID resurgence depresses fuel Continue Reading
The global chip shortage disrupting the car industry and threatening the supply of consumer technology products will last for at least another year, one of the world’s largest electronics contract Continue Reading
The handshake between then UK prime minister Tony Blair and Muammer Gaddafi in the desert in 2007 was not just the moment the Libyan leader cemented ties with an old Continue Reading
Just last week, some of the world’s largest integrated energy companies faced the wrath of furious investors and climate activism. Exxon Mobil (NYSE:XOM) lost three board seats to Engine No Continue Reading
