UK scrambles to contain gas price crisis
The UK government is scrambling to respond to a surge in natural gas prices that has forced the closure of fertiliser plants, driven up consumer energy costs and now threatens Continue Reading
Gazprom: Russia Has Gas Reserves For More Than A Century
Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas Continue Reading
UK Gas Price Surge Forces Key Industrial Sites To Close
Two industrial sites that produce a combined 40 percent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices. The Times reported that CF Continue Reading
Shell to build one of Europe’s biggest biofuels facilities for SAF and renewable diesel; 820,000 tonnes/year
Royal Dutch Shell will build an 820,000-tonnes-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam, the Netherlands, formerly known as the Pernis refinery. Once built, the facility will Continue Reading
British food industry demands government action over CO2 shortage
Britain’s food industry called on the government to subsidize carbon dioxide (CO2) production during a spike in gas prices or risk the collapse of the country’s meat industries. A surge Continue Reading
Oil Set for Fourth Weekly Gain With High Energy Prices in Focus
Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices. West Texas Intermediate, which dipped on Friday, has still Continue Reading
Oil holds above $75 as storm-hit U.S. supply returns slowly
Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after Continue Reading
Oil Erases Losses as Investors Weigh Crude Options Expiry
Goldman’s Currie Sees Potential for Oil Prices to ‘Explode’ Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Continue Reading
Oil holds above $75 as U.S. inventory drop supports
Oil slipped but held above $75 a barrel on Thursday, within sight of a near seven-week high hit a day earlier, supported by a big drop in U.S. crude inventories Continue Reading
Iran’s petrochemical, fuel sales boom as sanctions hit crude exports
Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its Continue Reading