Highlights OPEC+ supply could limit upside Stalled Iranian talks delaying supply recovery Shift to Chinese macroeconomic focus from vaccines Gas-to-oil switching and improving demand in Asia amid tighter inventories could Continue Reading
Oil crept higher as the potential boost to demand caused by the global energy crunch countered the impact of the crisis on the wider economy. Futures in New York edged Continue Reading
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo LONDON, Sept 30 (Reuters) – Continue Reading
Oil fell after a U.S. industry report pointed to a build in crude stockpiles, cooling a rally that had pushed benchmark Brent past $80 a barrel. Brent futures slid back Continue Reading
Oil demand globally is recovering from the summer Delta variant spike faster than some observers had expected. Many analysts and oil companies see global oil demand returning to the pre-crisis Continue Reading
Oil producing countries could lose more than $80 billion dollars a year due to global gas flaring, according to GlobalData. Oil producing countries could lose more than $80 billion dollars Continue Reading
Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas Continue Reading
OPEC+ is likely to stick to an existing deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, despite oil Continue Reading
Many hydrogen projects worldwide are now advancing toward initial financing, it is becoming apparent that the Gulf countries will need to move fast. The UAE could be among the lowest-cost Continue Reading
The Organisation of Petroleum Exporting Countries (OPEC) has once more warned that reducing investment in the oil and gas industry due to pressure from activists and climate change crusaders might Continue Reading
China is set for a difficult harvest season as a severe energy crunch hurts the outlook for booming production, a development that risks triggering a renewed surge in world agriculture Continue Reading
Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing Continue Reading
China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers Continue Reading
As the United States and Europe ramped up their Covid-19 vaccination programs, the Asia-Pacific region, once lauded for its pandemic response, struggled to get them off the ground. Now, many of those laggards Continue Reading
In a widening energy crisis, China is expanding power use restrictions to at least 20 regions and provinces that contribute more than half to the Chinese economy, adding a bearish Continue Reading
The land on which Audrey Trufant Salvant’s home sits in the small Louisiana town of Ironton has become an island in a sea of mud and snake-infested marsh grass. Nearby Continue Reading
Unrelenting and unprecedented, back-to-back Atlantic hurricane seasons have punished the Gulf and East coasts of the United States. An unsurpassed 49 named storms have formed over the warming Atlantic waters Continue Reading
New infrastructure and social bills will go up for a vote in the United States this Thursday – but what impact will they have on climate change and oil and Continue Reading
Summary of Weekly Petroleum Data for the week ending September 24, 2021 U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending September 24, 2021 Continue Reading
When the first snub-nosed, electric van rolled off the assembly line yesterday at the Electric Last Mile Solutions Inc. plant in Mishawaka, Indiana, it was a proud moment for the Continue Reading
American frackers, already struggling to hire enough workers, are concerned that the coming U.S. vaccine mandate will worsen the situation at a time of rising oil and gas prices. Many Continue Reading
Opportunities to play in the bull market for commodities have been heavily lopsided in favor of deep-pocketed traders while the smaller fries have been left in the cold With a Continue Reading
Europe’s gas crisis is crushing businesses and weighing on the region’s entire economy. U.S. LNG producers are looking to capitalize on soaring global natural gas prices According to one energy Continue Reading
General Motors announced Ultifi, an end-to-end software platform that it says will unlock new vehicle experiences and connect customers’ digital lives. Ultifi will help enable the frequent and seamless delivery Continue Reading
LONDON, Sept 29 (Reuters) – British soldiers will start driving tankers to replenish empty pumps, as drivers queued again for fuel after days of shortages, despite Prime Minister Boris Johnson Continue Reading
The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble LONDON, Sept 29 (Reuters) – Three more British energy suppliers have ceased to trade, regulator Continue Reading
Some of Europe’s biggest asset managers are starting to drop a once-ubiquitous ESG label from their company filings amid concern that regulators will no longer tolerate vague descriptions of environmental, Continue Reading
Crumpets Could Become Victim of U.K. Energy Crisis If there’s any country that might’ve been in a position to rescue Europe from its energy crisis, it’s the U.S. — home Continue Reading
The UK has deployed its reserve tanker fleet to help alleviate the fuel crisis as more forecourts reopened across the country in a sign that the panic may be easing. Continue Reading
For more than three decades David Carden drove across England’s Midlands, transporting tens of thousands of liters of fuel from holding tanks to service stations. The flammable liquid made it Continue Reading
The United States announced last week that it would soon open its doors to foreign travelers vaccinated against the coronavirus, loosening restrictions for broad swaths of global visitors for the first Continue Reading
Highlights Empty pumps drop to below a third of total 150 army drivers ready to drive fuel tankers Essar offering more deliveries from refinery The number of UK fuel stations Continue Reading
Britain said on Thursday that a gas station crisis caused by an acute shortage of truck drivers was back under control but many pumps remained closed in London leaving motorists Continue Reading
Explain This: Europe’s Energy Crunch The unprecedented spike in European Union energy prices is amplifying concerns about public support for the world’s most ambitious climate reform and reshaping agendas for Continue Reading
Rolls Royce made headlines in September when it successfully flew its electric plane for the first time, stating that it hopes to reach 300 mph soon Despite the success of Continue Reading
Oil fell after a U.S. industry report pointed to a build in crude stockpiles, cooling a rally that had pushed benchmark Brent past $80 a barrel. Brent futures slid back Continue Reading
Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose as doubts over demand resurfaced, with COVID-19 cases continuing to increase worldwide and some regions facing gasoline shortages. Brent Continue Reading
Brent oil roared above $80 a barrel, the latest milestone in a global energy crisis, on signs that demand is running ahead of supply and depleting inventories. The international crude Continue Reading
According to a recent paper from the University of Oxford, a clean energy transition could actually save the world $26 trillion This claim contradicts Nobel Prize-winning economist William Nordhaus, who Continue Reading
Highlights Global oil demand forecast to grow almost 20% from 2020-2045 Oil to comprise 28% of 2045 energy demand, renewables 10% Aviation sector won’t fully recover from pandemic until 2024 Continue Reading
Goldman Sachs claims that oil has entered a structural bull market, reaffirming their $90 oil prediction Oil inventories are seeing their largest daily drawdowns ever, and the growing global natural Continue Reading
The seismic, multi-generational Iran-China deal is set for full roll-out. Full membership of the economic, military and political, SCO alliance will lead to major strategic investments in Iran’s up-and-downstream sectors. Continue Reading
OPEC is forecasting an unlikely winner amid an energy shift away from hydrocarbons, predicting the cartel itself will dramatically boost its influence in the global oil market over the next Continue Reading
Amir, an engineering master’s student standing outside Tehran University, had thought about going into digital marketing, but worried that Iran’s government would restrict Instagram, as it had other apps. He Continue Reading
India saw a relatively low rate of EV adoption before the COVID-19 pandemic Demand for electric vehicles for commercial use is estimated to increase 15 times in the next six Continue Reading
Dennis White, at left, the cofounder of Commonwealth Fusion Systems, and Bob Mumgaard, the company’s CEO, at MIT’s Plasma Science and Fusion Center. IN TRYING TO EXPLAIN their recent fusion Continue Reading
China’s power supply crunch , that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK) , Continue Reading
Asian, European coal prices are trading near an all-time high China, the world’s top coal consumer, is in dire need of more supply and is willing to pay any price Continue Reading
China’s top economic planner said on Wednesday that railway companies and local authorities should strengthen coal transportation in key areas including the northeast region and ensure stable supply for power Continue Reading
SSE Plc formed a joint venture in Japan to gain a foothold in one of the most promising markets for offshore wind. The Scottish utility, one of the companies behind Continue Reading
