Tuxpan Lower exports put South Texas basis prices at risk With Hurricane Grace targeting central Mexico’s Gulf Coast for Aug. 20 landfall, the storm now threatens to pummel power demand Continue Reading
US retail gasoline prices reach highest levels since 2014 Critics say solution lies with domestic energy producers Blast administration’s reliance on foreign energy sources President Joe Biden is facing increasing Continue Reading
While most electric vehicle (EV) owners primarily charge their vehicles at home, public charging is a significant part of the EV ownership experience. Owners’ ability to recharge their vehicle’s battery Continue Reading
Dallas Cowboys owner Jerry Jones’ Comstock Resources (CRK.N) oil company is offering to sell properties in North Dakota’s Bakken oilfield, a marketing document seen by Reuters shows, as rising energy Continue Reading
The Nord Stream 2 gas pipeline construction is 99% complete, the operating company said on Wednesday, after a media report the Russian-led project, which has come under criticism from the Continue Reading
A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023. With Continue Reading
Russia’s worsening crop prospects and President Vladimir Putin’s bid to keep a lid on inflation are derailing exports to one of the country’s most important wheat markets. The nation’s wheat Continue Reading
Wind and solar power generation across EU markets peaked at 123 GW Aug. 17 amid a spell in the wind that helped ease record spot power prices, grid operator data Continue Reading
Gas prices in Europe took a dive on Wednesday as faulty data suggested that Russia’s Nord Stream 2 gas pipeline had started flowing. In a digital age that is rather Continue Reading
SSAB has now produced the world’s first fossil-free steel and delivered it to a customer. The trial delivery is an important step on the way to a completely fossil-free value Continue Reading
Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rose 0.5% after a four-day losing run that Continue Reading
Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.163 million barrels for the week ending August 13, bringing the total 2021 crude draw Continue Reading
Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined Continue Reading
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies Continue Reading
Suspected insurgents detonated explosives at the North Oil Company (NOC)-operated Bai Hassan oil field and on a key electricity transmission line from Erbil to Kirkuk on Sunday, the latest in Continue Reading
Iran has accelerated its enrichment of uranium to near weapons-grade, the U.N. atomic watchdog said in a report on Tuesday seen by Reuters, a move raising tensions with the West Continue Reading
Iran has nearly doubled its enrichment capacity dedicated to purifying uranium close to the levels required for nuclear weapons, signaling it won’t de-escalate its atomic activities before meeting again with Continue Reading
Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for Continue Reading
Governments across Central Asia appear as stunned as the rest of the international community in the face of the rapid disintegration of order in neighboring Afghanistan. Some leaders have held Continue Reading
India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialize its federal storage by leasing out space, three Continue Reading
Wildfires in the southern Amazon last year and in the nearby Pantanal region were the worst on record, mainly due to the deadly combination of drought and human activity. These Continue Reading
Brazil is hoping to attract oil majors to new deepwater projects that would employ low-carbon extraction technology, Reuters has reported , citing country officials. According to unnamed sources, Exxon, TotalEnergies, Continue Reading
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers Continue Reading
As President Xi Jinping calls for greater environmental protection, officials are eager to demolish badly-planned dams. But the country will need vast amounts of clean hydroelectric power to meet its Continue Reading
The world’s largest oil importer, China, is estimated to have drawn some crude from its oil reserves in July, although its refining throughput fell to the lowest level in over Continue Reading
The rising Covid-19 case count in China has begun disrupting crude oil trade as it shutters some of the world’s busiest ports. Bloomberg reported earlier this week that the Ningbo-Zhoushan Continue Reading
The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert away from Ningbo amid uncertainty over how long virus control Continue Reading
The first big test of Joe Biden’s lofty clean-power ambitions may not be sweeping climate legislation that needs congressional approval, but managing a solar supply chain that’s being shaken by Continue Reading
China exported a total 29.09 million mt of gasoline, gasoil and jet fuel in January-July, leaving just 7.54 million mt of export quota available for the rest of the year Continue Reading
Solar could supply more than 40% of the nation’s electricity by 2035 – up from 3% today – if Congress adopts policies like tax credits for renewable energy projects and Continue Reading
ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter. The company estimates it could fetch roughly $200 million for Continue Reading
Some airlines and airports have started to plan for a future where severe weather jolts flight schedules more frequently, as climate change increases the likelihood of extreme heat and big Continue Reading
Canada’s oil sands producers may find welcome relief to years of pipeline capacity constraints when the first new pipeline in years could enter into service as early as next month. Continue Reading
Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, reported this week a net income for the second quarter, its first quarterly profit since the third quarter Continue Reading
Addressing climate change requires not only a clean electrical grid, but also a clean fuel to reduce emissions from industrial heat, long-haul heavy transportation, and long-duration energy storage. Hydrogen and Continue Reading
The Biden administration is appealing a federal judge’s ruling against its oil leasing moratorium, even as it promises to resume auctions. (Bloomberg) — The Biden administration is appealing a federal Continue Reading
The United States reported more than 1,000 COVID-19 deaths on Tuesday, equating to around 42 fatalities an hour, according to a Reuters tally, as the Delta variant continues to ravage Continue Reading
California’s wildfire crisis escalated on Tuesday as resurgent strong winds fanned the state’s biggest conflagration, drove flames from a separate, smaller blaze into a rural mountain community and prompted widespread Continue Reading
California’s wildfire crisis escalated on Tuesday as resurgent strong winds fanned the state’s biggest conflagration, drove flames from a separate, smaller blaze into a rural mountain community and prompted widespread Continue Reading
Climate change and its devastating impact are accelerating faster than ever, according to a new report from the United Nations’ Intergovernmental Panel on Climate Change. Hurricanes are becoming stronger, rainfall Continue Reading
A Danish project to store captured CO2 in North Sea reservoirs that were once filled with oil and gas moved a step closer to becoming operational, after winning approval from Continue Reading
Hydrogen could be vital to U.K. efforts to eliminate greenhouse gases by changing the way vehicles are fueled, factories are powered and homes are heated, Business Secretary Kwasi Kwarteng said. Continue Reading
Firefighters are struggling to control blazes in France’s Gulf of Saint Tropez and in the Spanish province of Avila, another manifestation of dangerous global warming that’s already caused a long Continue Reading
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies Continue Reading
Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined Continue Reading
Oil sank for a third consecutive day as Chinese economic data disappointed and the spread of the delta coronavirus variant hurt prospects for global demand. West Texas Intermediate slumped as Continue Reading
Oil prices fell more than 1% on Monday, dropping for a third session after official data showed that refining throughput and economic activity slowed in China in an indicator that Continue Reading
Big Oil and renewables look like polar opposites to many who follow the energy transition from a distance. After all, this transition is a response prompted by the decades-long polluting Continue Reading
In a traditionally slow news month such as August, any event of relative significance gets abundant coverage. Yet the latest report by the Intergovernmental Panel on Climate Change was not Continue Reading
