Rising U.S. oil consumption this year has led to crude oil inventories in Cushing, Oklahoma, dropping by as much as 42 percent so far this year, the Energy Information Administration Continue Reading
Enbridge Inc.’s rationing of its heavy oil pipelines plummeted in October ahead of the imminent start up of the company’s newest export conduit to the U.S. The company curtailed its Continue Reading
ConocoPhillips ’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says Continue Reading
Ida is poised to join Katrina, Sandy, Harvey and Irma on the list of the top five costliest hurricanes as measured by insured losses. Estimates of Ida’s damage have continued to Continue Reading
The United States and the European Union are calling on the world to join a global initiative for a significant reduction in methane emissions, as major economies proceed with plans Continue Reading
Hydro-Québec has won a multibillion-dollar contract to deliver power into the heart of New York City, in a deal that helps cement the provincially owned corporation as a key supplier Continue Reading
Britain has struck a deal with CF Industries for the American company to restart the production of carbon dioxide (CO2) after soaring gas prices forced it to halt operations, threatening Continue Reading
The International Energy Agency has called on Russia to send more gas to Europe to help alleviate the energy crisis, becoming the first major international body to address claims by Continue Reading
Russia sees raising its oil production to an average of 11.24 million barrels per day (bpd) in 2022, which would be an 8-percent increase from 2021 as OPEC+ eases the Continue Reading
Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW Continue Reading
