U.S. Oil Rig Count Jumps As Permian Drillers Add Rigs
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after gaining 6 last week. The total rig count is Continue Reading
U.S. Crude And Fuel Stocks Fall Below 2018 Levels
U.S. inventories of crude oil and the most used refined oil products have now fallen to below the 2018 levels, energy research service HFI Research has pointed out . U.S. Continue Reading
Democrats Want Mandate To Stop Banks From Funding Oil & Gas After 2030
Several progressive House Democrats introduced this week a bill seeking to mandate the Fed to ban banks from funding all fossil fuel projects after 2030, and require the systemically important Continue Reading
America’s Infrastructure Crisis Is Growing Increasingly Dire
Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and Continue Reading
Less than 25% of US Gulf crude still offline after hurricanes Ida, Nicholas
Highlights Shell restored production to Perdido platform Chevron restarting Petronius platform About 95% of power restored in Louisiana after Ida Less than a quarter of crude production remains offline in Continue Reading
Analysis: Europe’s power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record-high gas and electricity prices as their sales are largely locked in at lower prices, and face extra Continue Reading
Group of EU lawmakers seeks probe of Gazprom’s role in gas price surge
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom’s role in soaring European gas prices, saying the company’s behaviour had made them suspect market manipulation. Continue Reading
Energy Crisis Brings Fresh Chaos for Battered U.K. Food Industry
The fallout from Europe’s energy crisis is sending fresh shockwaves through the U.K. food sector, after online grocer Ocado Group Plc stopped supplying frozen products to customers and the meat Continue Reading
London Brings Forward Plan to Electrify City’s Bus Fleet
London Mayor Sadiq Khan brought forward by three years a pledge to electrify the city’s bus fleet, accelerating the U.K. capital’s push toward vehicles without tailpipe emissions. The city’s bus Continue Reading
Green Push Leaves U.K. Energy Supply at the Mercy of Weather
The U.K.’s wind-power drive has dramatically cut carbon emissions, but it’s also created a vulnerability that’s been brutally exposed. Calm weather over the past two weeks has cut output from Continue Reading