The Biden administration is seeking more information from companies struggling with the global shortage of semiconductors, an effort designed to increase transparency in supply chains and ease bottlenecks. The request Continue Reading
US oil production is set to pick up steam again — this time led by little-known privately owned companies impervious to the demands of the stock market. Forecasters project that Continue Reading
The Biden administration will finalize its first new climate rule Thursday, slashing the use of greenhouse gases warming the planet at a rate hundreds to thousands of times higher than Continue Reading
Los Angeles/Long Beach beats Hong Kong to 9th busiest port in H1 2021 Top 20 ports see 13% volume growth, but freight rates surge by 346% Port congestion keeps ships Continue Reading
Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil fuel sector said Continue Reading
U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body Continue Reading
The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad Continue Reading
This story is part of the series Getting to Zero: Decarbonizing Cascadia , which explores the path to low-carbon energy for British Columbia, Washington, and Oregon. This project is produced Continue Reading
Britain warned its food producers to prepare for a 500% rise in carbon dioxide prices on Wednesday after extending emergency state support to avert a shortage of poultry and meat Continue Reading
European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season, exacerbating the risk of further price spikes from already record-high Continue Reading
The UK’s gas crisis comes as part of a bigger natural gas phenomenon taking place worldwide, as prices skyrocket and firms do not know to respond. With Europe and North Continue Reading
Over the weekend, Morgan Stanley’s global energy head Martijn Rats shared a comprehensive yet streamlined analysis of what happened in 2021 that has sent many commodity prices, including Europe’s natural Continue Reading
Update: Green Energy, a small-sized, and Avro, a medium-sized energy retailer just declared bankruptcy, leaving 1.5 million households scrambling for a new provider. More UK energy suppliers are set to Continue Reading
The UK does not support Russia’s Nord Stream 2 gas pipeline project to Germany and does not need its own long-term storage facility, UK Secretary of State for Business, Energy Continue Reading
Consumers should not panic buy products as Britain is not heading back into a 1970s-style “winter of discontent” of strikes and power shortages, a junior minister said on Thursday. Soaring Continue Reading
Britain is having talks with energy regulator Ofgem about whether or not a cap on gas and electricity prices for consumers may have to go up, junior business minister Paul Continue Reading
UK power generator Drax Group Plc (DRX.L) said it could keep its coal-fired power plants operating beyond their planned closure next year as the energy crisis in Europe highlights potential Continue Reading
It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains Continue Reading
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, Continue Reading
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. Futures in London Continue Reading
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy Continue Reading
Energy executives gathered in Dubai on Tuesday for the first time since the COVID-19 pandemic started, but despite being upbeat on economic recovery, they were concerned about another headwind: a Continue Reading
An unexpected surge in demand for silicon, mainly from the solar energy industries in China, Europe, and the United States, has lead to large deficits and fuelled a price rally Continue Reading
It’s Tuesday, September 21, and the world is turning its back on coal. More than three-quarters of the world’s proposed coal power projects have been canceled since the Paris Agreement Continue Reading
Three months after the last meeting to negotiate a revival of the nuclear agreement between Iran and world powers, it remains unclear if and when the talks in Vienna will Continue Reading
OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. (Bloomberg) — OPEC and Continue Reading
In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in the region, Brooge Petroleum and Gas Investment Continue Reading
The OPEC+ group lifted its production in August, but underinvestment and maintenance work has hampered the group’s ability to raise production—and supply could be insufficient to meet the world’s growing Continue Reading
The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the Continue Reading
Default fears have continued to stalk the China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm. The Evergrande Group, one of China’s biggest real-estate Continue Reading
China’s energy industry is caught between a rock and a hard place. As the world’s second-largest economy has surged back to life in the wake of the novel coronavirus pandemic, Continue Reading
China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is Continue Reading
Top state refiners Sinopec Corp, PetroChina and leading private chemical giants like Hengli Petrochemical (600346.SS) and Zhejiang Petrochemical Corp are set to join the country’s first state oil reserve auction Continue Reading
Chinese President Xi Jinping on Tuesday said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country’s huge engineering industry away from adding to Continue Reading
Europe is being ravaged by an unprecedented energy crisis, and it may already be spreading. Asia, the world’s biggest buyer of gas and coal, may be next, with China particularly Continue Reading
ConocoPhillips ’s purchase of Royal Dutch Shell Plc ’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus. The Houston-based Continue Reading
Bristow Group Inc. , one of the biggest aircraft companies that ferries oil workers to offshore platforms, is considering the purchase of as many as 50 electric-powered helicopters. The Houston-based Continue Reading
Biden Pledges to Give $11 Billion to Fight Climate Change President Joe Biden’s pledge to double the money the U.S. will spend helping poorer nations fight climate change is drawing Continue Reading
Blazes in the Mediterranean basin, North America and Siberia resulted in the highest level of carbon emissions from wildfires ever recorded during summer in the Northern Hemisphere. The fires released Continue Reading
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
