Africa’s lack of industrial development puts it in a strong position to develop low-carbon manufacturing without the costs of transitioning from fossil fuel-based factories, McKinsey & Co. said. In the Continue Reading
The World Health Organization is reviving its stalled investigation into the origins of the Covid-19 virus as agency officials warn that time is running out to determine how the pandemic that has Continue Reading
The writing is on the wall for the fossil fuels industry. For decades, climate scientists and environmental activists have been urging the world to move away from dirty and finite Continue Reading
Highlights Populous eastern Japan forecast for below average temperatures Dec-Feb Japan’s demand for gas, power fuels, heating oil robust last winter Refiners preparing for kerosene heating demand The winter weather Continue Reading
Power shortages across at least 10 Chinese provinces risk weighing on the country’s gross domestic product as factories crucial to the global supply chain were forced to cut production, investment Continue Reading
Getty Images image captionIt is unclear how many homes have been affected Residents in north-east China are experiencing unannounced power cuts, as an electricity shortage which initially hit factories spreads Continue Reading
China’s National Energy Administration (NEA) has told coal and natural gas companies to increase their output to ensure the country has sufficient energy supplies to keep homes warm during winter, Continue Reading
Nike Inc. doesn’t have enough sneakers to sell for the holidays. Costco Wholesale Corp. is reimposing limits on paper towel purchases. Prices for artificial Christmas trees have jumped 25% this season. Despite mounting shipping delays and cargo backlogs, Continue Reading
The world’s largest oil companies are under growing pressure from shareholders and society to reduce emissions and show efforts to fight the worst effects of climate change. Everyone in the Continue Reading
Big oil could help tackle the water shortage in the western United States by repurposing existing infrastructure to help transport clean water to the areas most in need. Innovations such Continue Reading
BP (BP.L) said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced the government to Continue Reading
Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy’s Eni (ENI.MI) has told La Continue Reading
BP Plc, the second-largest fuel retailer in the U.K., said it has run out of the main grades at almost a third of its stations in the country following days Continue Reading
At least half of UK petrol stations outside the motorway network have run out of fuel after Britons engaged in panic buying in response to disruption to fuel supplies caused Continue Reading
A gas station near London on Sunday. The government in Britain has said that 5,000 fuel tanker and food truck drivers would be allowed to work in the country for Continue Reading
PA Media Offering temporary visas to foreign lorry drivers will not be enough to solve supply chain issues, retailers and hauliers have said. The government’s planned measures would not fix 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
COVAX assigned early Pfizer shots to vaccination leaders UK, UAE Dose-sharing methodology doesn’t check states’ vaccine coverage Vaccine alliance Gavi is proposing changes – internal document UK was among few Continue Reading
The Russian Federal Antimonopoly Service (FAS) said on Monday it has recommended energy giant Gazprom (GAZP.MM) sell more gas via a domestic exchange to make up for shortages and tackle Continue Reading
Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory Continue Reading
Oil rose for the fifth straight week with the global energy crunch set to boost demand for crude as stockpiles decline from the U.S. to China. Futures in New York Continue Reading
U.S. West Texas Intermediate crude oil futures are edging lower on Friday, but still holding on to their weekly gains. The price action suggests profit-taking is taking place ahead of Continue Reading
1. Oil Supply Disruptions Set To Ease – With September seeing crude supply disruptions across continents, the upcoming months should bring most of that idled capacity back, also boosted by Continue Reading
European coal prices have hit a 13-year high as coal supply to Europe remains constrained and utilities fire up more coal power plants amid surging natural gas prices. The price Continue Reading
The oil industry is in a terminal decline, hedge fund manager James Jampel told Bloomberg on Friday, noting that this year’s rise in oil stocks has been “the biggest dead-cat Continue Reading
New IMF research estimates global fossil fuel subsidies at about $6 trillion, with about 70% from “under-charging” for the environmental costs associated with the fuels, International Monetary Fund Managing Director Continue Reading
Geopolitics & Conflict Lebanon, in full crisis mode, has rejected Israeli gas exploration in a disputed area in the Levant Basin. Israel has already signed a contract for exploration with Continue Reading
Iranian Foreign Minister Hossein Amirabdollahian said on Saturday that when his government says it will return soon to talks on resuming compliance with the 2015 nuclear deal, it means when Continue Reading
Iran’s new foreign minister said Friday the country will return to nuclear negotiations “very soon,” but accused the Biden administration of sending contradictory messages — saying it wants to rejoin Continue Reading
South Sudan’s government warned it may suspend oil output if port protests in neighboring Sudan that have blocked shipments of the landlocked nation’s crude continue. Demonstrators have forced a halt Continue Reading
After months of stalling because of Covid restrictions and OPEC cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future of its Continue Reading
Indian refiners are gearing up to alter their crude oil import mix in favor of lighter grades that yield more gasoline to meet a surge in demand for the motor Continue Reading
India reported 29,616 new COVID-19 cases for the last 24 hours, according to government data on Saturday. The nationwide tally of infections has reached 33.62 million since the start of Continue Reading
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, an industry association said. The China Coal Transportation and Continue Reading
The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260 Continue Reading
The U.S. might have a trade deficit overall, but when it comes to energy, trade is in surplus land for the first time – ever. A new milestone has been Continue Reading
U.S. shale producers have behaved in an exemplary way in the past year. It wasn’t something the industry wanted to do. It was something it was forced to do by Continue Reading
Russia will remain a reliable supplier of energy to global markets, Deputy Prime Minister Alexander Novak said on Friday in a video address to the United Nations’ energy conference. Russian Continue Reading
BP said on Friday it was prioritizing deliveries of fuel to British sites with the largest demand and seeking to minimize the amount of time when its petrol and diesel Continue Reading
Royal Dutch Shell said on Friday it was seeing more demand at some of its fuel stations in Britain as worries about lorry driver shortages prompted drivers to fill up Continue Reading
Russian gas giant Gazprom dismisses speculation and accusations that it is not supplying enough natural gas via pipeline to Europe, a senior official at Gazprom Export says. So far in Continue Reading
Soaring power prices amid Europe’s gas crunch will have a lasting impact on the bottom lines of mining and metal companies as prices in their long-term electricity supply contracts will Continue Reading
Britain is expected to announce plans to issue temporary visas to truck drivers to alleviate an acute labor shortage that has led to fuel rationing at some filling stations and Continue Reading
Norway and Russia are big winners from Europe’s gas price rally as they benefit from volatility after the European Union forced their gas producers years ago to shift away from Continue Reading
Remaining Reserves The increase in remaining C&C reserves that have been seen over the last few years, and have come mostly from growth in Johan Sverdrup, has run its course Continue Reading
Oil held gains near the highest since 2018 amid a global energy crunch that’s set to increase demand for crude, while stockpiles are falling from the U.S. to China. Futures Continue Reading
Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory Continue Reading
Shrinking crude supplies have driven Brent to the highest close in three years. Brent crude futures settled at the highest level in almost three years as supplies shrink at a Continue Reading
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after Continue Reading
Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units Continue Reading
