Diesel shortage could force White House to ease sanctions Growing calls by US Democrats for humanitarian relief Production outlook hinges on US sanctions, China tax After Venezuelan President Nicolas Maduro Continue Reading
China is looking to put soaring coal prices under control by starting an investigation into the market and coal prices to prevent speculation and hoarding of supply. Chinese state planner, Continue Reading
China’s exports of key oil products fell 21.6% month on month in May, showed preliminary data from the General Administration of Customs, or GAC, on June 18. The fall in Continue Reading
The U.S. Southwest baked under an unrelenting heatwave for a fifth day on Friday, putting power systems to the test as more records were expected to be broken before a Continue Reading
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo June 18 (Reuters) – U.S. energy firms Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers Continue Reading
Nuclear power is an indispensable part of the Biden administration’s plan to reduce carbon dioxide emissions by 52 percent over the next ten years, Energy Secretary Jennifer Granholm said at Continue Reading
After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. (Bloomberg) — Marathon Continue Reading
Crude storage tanks that were brimming a year ago when the pandemic grounded flights and kept drivers at home are beginning to empty in the main U.S. distribution hub, the Continue Reading
Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after Governor Janet Mills signed a measure ordering public funds to jettison investments in coal, Continue Reading
States across the West are at risk of electricity shortages this summer as a crippling drought reduces the amount of water available to generate hydroelectric power. Some of the region’s largest Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) plans to invest $3 billion in production of petrochemicals within the next 6 years, TASS news agency quoted the company’s head, Vagit Alekperov, as Continue Reading
Trains and flights on a departure information board at Frankfurt Airport in April. Deutsche Lufthansa AG and German state railway Deutsche Bahn AG are cooperating on express-train services that could Continue Reading
The BMW Group is beginning to test near-standard vehicles with a hydrogen fuel cell drive train in everyday conditions on European roads. Prototypes of the BMW i Hydrogen NEXT will Continue Reading
Crude oil futures fell further during mid-morning trade in Asia June 18, extending overnight losses, as risk aversion gripped the market after hawkish signals from the US Federal Reserve, even Continue Reading
Oil fell below $71 a barrel after the biggest drop in four weeks as traders weighed prospects for a stronger dollar against rising demand. West Texas Intermediate was 0.4% lower Continue Reading
Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on Continue Reading
Crude oil prices dipped on Thursday as a stronger U.S. dollar brought them off multi-year highs, but losses were limited by a big drop in U.S. crude oil inventories. Brent Continue Reading
There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital Continue Reading
A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and installations continue Continue Reading
The energy transition should not crowd out any source of energy as all energy sources of today will be required for the foreseeable future, OPEC Secretary General Mohammad Barkindo said. Continue Reading
Highlights June 18 presidential election to shape Iran’s oil sector Frontrunner Raisi’s camp says downstream may be priority Iran may look to China, Russia, with western IOCs sidelined Iranians will Continue Reading
Iranians voted on Friday in a presidential election likely to be won by a hardline judge subject to U.S. sanctions, though many are expected to ignore the ballot amid economic Continue Reading
Come presidential election time, the streets of central Tehran are usually wallpapered with the candidates’ names and faces, their banners swaying from buildings and streetlights. But this time around, the Continue Reading
The sole reformist candidate in Iran’s presidential election has vowed to try to resolve the stand-off with world powers over the nuclear deal “at first chance” if he is elected. In Continue Reading
Saudi Arabia’s exports of crude oil in April were at their lowest since June 2020 as it continued to hold down production well below its OPEC quota, figures from the Continue Reading
KRG Prime Minister Masrour Barzani (right) receives Iraqi Prime Minister Mustafa al-Kadhimi (left) in Erbil on September 10, 2020. (Photo credit: Kurdistan Regional Government) The leaders of Iraq’s federal government Continue Reading
A cloud of methane was detected by satellite near coal mines in South Africa, drawing attention to a lesser-known environmental risk that comes from using the dirtiest fossil fuel. The Continue Reading
The Wudongde hydropower plant on the Yangtze River has begun full operation, Reuters has reported , citing state-owned Chinese media. The 12-generator plant cost close to $19 billion to build Continue Reading
A major bottleneck at a Chinese port is creating additional disruption to supply chains and global trade, two months after the Suez Canal blockage disrupted global shipping, including oil cargo Continue Reading
Highlights Japan lifting 9 out of 10 prefectures from state of emergency June 20 July gasoline demand seen rising by around 3% on year: sources Japan’s refinery outage will soon Continue Reading
WATCH: The shutdown of one of China’s busiest ports drags on. James Mayger reports. Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Continue Reading
Chinese officials are drawing up plans to further loosen birth restrictions and transition toward policies that explicitly encourage childbirth, according to people familiar with the matter, reflecting increased urgency in Continue Reading
The U.S. oil market is reaching a crunch point. Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global Continue Reading
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily Continue Reading
U.S. shale producers are expected to generate a combined $30 billion in free cash flow in 2021 amid disciplined capital spending and higher oil prices, estimates from Bloomberg Intelligence show. Continue Reading
Natural gas-oriented rigs surge 6 to 135 Haynesville, Marcellus counts mostly static Eagle Ford grows 4 to 41 rigs The US oil and gas rig count jumped 7 to 567 Continue Reading
Highlights US Department of Energy announces initiative to lower hydrogen cost by 80% to $1/KG DOE estimates hydrogen from renewable energy currently costs about $5/kg, or roughly $44/MMBtu Platts Analytics’ Continue Reading
U.S. merchant refiners have amassed up to a $1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate Continue Reading
With their governor’s signature making it law, Maine legislators have become the first in the United States to order state officials to sell fossil fuel assets. Other public pension systems, Continue Reading
Big batteries intended to save California from blackouts haven’t been added in time to stave off the threat of outages as the state struggles to meet power demand during this Continue Reading
Record-breaking heat and historic drought in the U.S. West are doing little to discourage cities from planning to welcome millions of new residents in the decades ahead. From Phoenix to Continue Reading
President Joe Biden arrives back in the US this week after a foreign tour with a recurring theme: fighting climate change. But he returns to a Washington where his own party Continue Reading
Senate Democrats have begun privately weighing a sprawling economic package that could be as large as $6 trillion even as a bipartisan group of senators works to draw support for Continue Reading
June 17 (Reuters) – A grueling heatwave that has gripped the U.S. Southwest for three days spread eastward to Iowa and Missouri on Thursday, while punishing the hardest-hit areas with Continue Reading
The U.S. Environmental Protection Agency is requiring that Limetree Bay refinery install 18 air monitors in St. Croix after ordering the plant to halt operations last month, the agency said Continue Reading
U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended Continue Reading
A massive methane plume detected earlier this month over Russia stemmed from emergency repairs that forced the partial shutdown of a Gazprom PJSC pipeline, the company said, taking responsibility for Continue Reading
The European Union recommended on Friday that its member states lift the ban on nonessential travel for visitors from the United States, a move sure to be welcomed by Americans Continue Reading
Russia’s oil and gas industry has been the driving force behind its economy ever since the first oil fields were discovered in Tsarist Russia at the end of the 19 Continue Reading
