Snow covered transfer lines leading to storage tanks at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland, March 18, 2014. REUTERS/Gary Cameron/File Photo Sept 28 (Reuters) Continue Reading
In recent years, U.S. production of natural gas has soared, turning the country from a net importer of the fuel to an exporter, largely due to growth in the Appalachian Continue Reading
Ford Motor Company plans to make the largest investment in its history in U.S. manufacturing sites that would build the electric F-Series trucks and the batteries to power future electric Continue Reading
Hurricane Sam could still make landfall on the U.S. East Coast in the middle of this week. Hurricane Sam, though currently forecasted to be less intense than previous storms this Continue Reading
Highlights January, February contracts trade at $21 to $22/MMBtu JKM tops $32 in Sept. 28 trading; TTF settles above $27 Everett LNG terminal imported 19.2 Bcf, winter 2020-21 The winter Continue Reading
BP has started up its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico. Supermajor BP has started up its Thunder Horse South Expansion Phase 2 Continue Reading
The U.S. oil production outlook is set to grow over the next five years, according to GlobalData. The U.S. oil production outlook is set to grow over the next five Continue Reading
The front-month Dutch TTF Gas Futures, the benchmark for European gas, have jumped to €85/MWh Falling temperatures in the UK and in parts of the rest of Europe, as well Continue Reading
IEA Chief: The energy squeeze in Europe has nothing to do with the continent’s energy transition plans European utilities are stocking up on coal in anticipation of lower renewable energy Continue Reading
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 saying the situation was improving. Continue Reading
The configuration has the potential to deliver faster charging times and make the packs safer by eliminating the flammable electrolyte solution used in lithium-ion batteries, auto executives and analysts say. Continue Reading
The European energy crisis is going global as the lack of natural gas supply begins to influence oil and coal markets Oil prices are set to break the $80 market Continue Reading
Signs of a global energy crunch pushed oil prices above $80 a barrel for the first time in three years as markets grappled with the prospect of widespread fuel shortfalls Continue Reading
Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Continue Reading
Natural Gas, Oil to Stay Structurally Higher: Energy Aspects’ Sen Brent closed at the highest in nearly three years amid signs the crude market is rapidly tightening from a global Continue Reading
With coronavirus vaccines being administered worldwide, scientists are preparing a new weapon against the disease that has claimed more than 4-5m lives: an effective antiviral medication to treat the worst Continue Reading
French supermajor presents two scenarios for global energy and oil demand to 2050. According to TotalEnergies’ Momentum scenario, natural gas will be key to the energy transition, while oil consumption Continue Reading
French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in Continue Reading
As chief of the U.S. Environmental Protection Agency under President George H.W. Bush, William Reilly helped set in motion both global climate diplomacy and a critical law — the Clean Continue Reading
Iran and Venezuela have struck a deal to swap heavy Venezuelan crude for Iranian condensate, Reuters has reported , citing unnamed sources familiar with the deal. According to these sources, Continue Reading
Iraq flares the second largest quantity of gas in the world Deal with Baker Hughes to capture 200 million standard cubic feet per day from major oilfields Flaring deals could Continue Reading
Emmanuel Addeh writes that Nigeria’s inability to meet its allocated oil production quota by the Organisation of Petroleum Exporting Countries (OPEC) for months, not only poses a clear challenge to Continue Reading
THERE are indications that oil and gas explorations dropped in Nigeria as the rig count fell by 49.5 per cent to 53 in the first eight months (January-August) of 2021, Continue Reading
Amid a global energy shortage, India, one of the world’s largest coal consumers, has inventories of the fuel at its lowest level since November 2017, government data cited by Bloomberg Continue Reading
Argentina’s government is under significant pressure to bring the country’s oil industry back to life It is hoped that new reforms in the sector will bring in some much needed Continue Reading
China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and Continue Reading
Government efforts to curb energy consumption and reduce carbon emissions, along with surging coal prices, are leading to power outages across many of China’s manufacturing hubs, threatening to further disrupt Continue Reading
– Northeast China’s Shenyang, capital of Liaoning Province has been through a sudden and unexpected power curb – Chinese thermal coal futures have more than doubled in price in the Continue Reading
Wärtsilä and the Korean shipbuilding company Samsung Heavy Industries (SHI) have signed a joint development program (JDP) agreement aimed at developing ammonia-fueled vessels with 4-stroke auxiliary engines available for future Continue Reading
France’s TotalEnergies (TTEF.PA) said on Tuesday it has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China. The venture will develop Continue Reading
As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep Continue Reading
Ford Motor Co. F 2.76% plans to build its first new U.S. assembly plant in decades, along with three battery factories, to fortify its push into electric vehicles as the industry accelerates green-tech investments. Continue Reading
Highlights Cracker, PDH plants mull output cuts, hikes amid impact on margins Coal shortage further constrains operations in coal-olefin sector Bigger producers can gain — if they manage energy costs Continue Reading
Dutch TTF and UK NBP natural gas prices hit all-time settlement highs on Monday—up 11% as the front-month contract is set to soon expire and the European gas crisis worsens. Continue Reading
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Continue Reading
Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that Continue Reading
Britain’s fuel retail sector, still recovering from the COVID-19 crisis, is facing further disruption after a shortage of truck drivers hit supplies to gas stations and led to panic buying. Continue Reading
Europe’s Energy Crunch Goes Global John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, says the energy crisis in Europe should serve as a cautionary Continue Reading
The UK government has temporarily suspended the Competition Act of 1998 to allow oil companies to help each other stock up on gasoline and diesel amid panic buying that started Continue Reading
Britain put the army on standby to deliver fuel from Tuesday after an acute shortage of truckers triggered panic buying that left fuel pumps dry across the land and raised Continue Reading
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to Continue Reading
Exxon Neftegas Limited (ENL), the operator of Russia’s Sakhalin-1 oil and gas project, plans to invest $5 billion in the next five years to stem a decline in oil production, Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . European energy markets from natural gas to carbon permits jumped to records Continue Reading
Europe’s energy crisis was, in part, caused by the desire of governments to make fossil fuels ‘prohibitively expensive’ The common claim that energy can be clean, reliable, and cheap has Continue Reading
Dutch TTF and UK NBP natural gas prices hit all-time settlement highs on Monday—up 11% as the front-month contract is set to soon expire and the European gas crisis worsens. Continue Reading
Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing Continue Reading
Global fuel demand is expected to reach pre-pandemic levels by early next year as the economy shrugs off pandemic woes, but spare refining capacity is likely to weigh on the Continue Reading
The oil markets appear to have successfully scaled a major wall of worry, with oil prices rebounding to multi-year highs. Brent crude settled near a three-year high at $77.25/bbl, its Continue Reading
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . Visit Maryland, the proud crab capital of the U.S., and Continue Reading
Delayed maintenance, low investment limit oil output Angola and Nigeria pumped average of 276kbpd below quota – data Nigerian firms rushing works to boost output – Shoreline’s Karim Production below Continue Reading
