Saudi Arabia Hikes July Crude Oil Exports To Six-Month High
Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease Continue Reading
The Battle For Control Of East Mediterranean Energy
The history of oil and natural gas is marred by instability and conflict. The rise of the Eastern Mediterranean as a prolific energy region has increased existing tensions between certain Continue Reading
Can Iran Overcome U.S. Sanctions And Become A Top Oil Producer?
Two weeks ago, Iran announced it was planning to boost oil output and exports despite ongoing sanctions by the U.S. As we see continually increased output from Iran since the Continue Reading
Libya Oil Exports Return To Normal Following Major Protests
Crude export operations have returned to normal at two major Libyan oil ports after days of protests and sit-ins that had disrupted loadings, the National Oil Corporation (NOC) said on Continue Reading
Nigeria: Dollar Scarcity May Hamper Shell’s Planned Sale of Nigerian Assets
US Dollars The current challenge of dollar-crunch in the country may hinder plans by Royal Dutch Shell to sell off its onshore and shallow water assets, being managed by its Continue Reading
Argentina Attempts To Revive Its Oil Boom
Argentina’s government has unveiled a bill to promote investment in oil and gas in the country with the ultimate goal to boost hydrocarbon production from its key shale play and Continue Reading
Covid-19 Lockdowns in Asia Deepen Commodity Supply-Chain Pain
Covid-19’s Delta variant is proliferating world-wide threatening unvaccinated populations and economic recovery. WSJ breaks down events in key countries to explain why Delta spreads faster than previously detected strains. Composite: Continue Reading
China Back To Stockpiling Crude As Refinery Runs Hit 15-Month Low
China is estimated to have sent around 760,000 barrels per day (bpd) of crude oil to its strategic and commercial reserves in August, as refinery throughput in the world’s top Continue Reading
China’s oil consumption seen peaking around 2026, Sinopec exec says
Trucks carrying liquefied natural gas (LNG) are seen at Sinopec’s LNG terminal in Tianjin, China October 22, 2018. Picture taken October 22, 2018.REUTERS/Stringer SINGAPORE, Sept 17 (Reuters) – China’s oil Continue Reading
Analysis: Investors brace for a great fall in China
International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come Continue Reading
U.S. Gulf crude oil ramps up after hurricane losses -data
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices Continue Reading
U.S. House panel to probe oil companies over climate disinformation
U.S. Democratic lawmakers on Thursday asked the chiefs of four major fossil fuel companies and two lobbying groups to testify next month on whether the industry led an effort to Continue Reading
U.S. Economy Shows Resilience During Delta Surge
The U.S. economy is proving resilient in the face of the Delta variant.Americans briskly increased spending at retailers last month, while employers have largely resisted the urge to lay off Continue Reading
Wildfires and ‘violent’ weather leave railroad giant facing $100m bill
The financial impact of wildfires and heavy rains on the Union Pacific railway so far this year could top $100m, as intensifying effects of climate change brought cascading disruptions to Continue Reading
Los Angeles County Bans Oil And Gas Drilling
In a unanimous vote, Los Angeles County backed a ban on oil and gas drilling, which means some 1,600 active and inactive wells would be shut down, the AP reported Continue Reading
US oil, gas rig count climbs 6 to 635 as oil drilling hits new post-pandemic high
Highlights Oil rigs up one at 499 Gas rigs climb five to 136 Tellurian plans new Haynesville wells The US oil and gas rig count climbed six to 635 in Continue Reading
Renewable gas producer Archaea surges in debut after SPAC deal
Shares of Archaea Energy jumped as much as 9.2% on the largest U.S. renewable natural gas producer’s debut on the New York Stock Exchange on Thursday, a sign of rising Continue Reading
The U.S. Is Set To Break Another Solar Record Despite Rising Costs
New solar power capacity additions in the United States are on track to book a record year despite supply chain disruptions that have seen price spikes that have effectively put Continue Reading
28 Percent Of Gulf Of Mexico Oil Production Still Offline Following Ida
Crude oil production in the United States had fallen sharply over the last two weeks in the wake of Hurricane Ida, but production for the next reporting period is on Continue Reading
El Paso force majeure cuts Permian westbound gas flows, pressuring output and prices
Highlights Westbound Permian flows down 450 MMcf/d since Aug. 15 West Texas gas production down 2% to 12 Bcf/d in September Early-September price spike fuels bullish winter outlook An ongoing Continue Reading
Italy makes COVID health pass mandatory for all workers
Private and public sector workers must have health pass Draghi looks to boost vaccinations, blunt virus Italy becomes a test case for rest of Europe Minister says move puts country Continue Reading
Europe Could Turn To More Coal If Gas Crunch Persists
Despite its ambitious green energy targets, Europe could be forced to burn more coal this winter if natural gas stockpiles are not adequately replenished amid record-high gas prices, an expert Continue Reading
Energy Crisis Worsens as Rally Hits Europe’s Industry Giants
A supply crunch that sent European energy prices to records is squeezing profits for some of the continent’s industrial giants, threatening to derail the region’s economic recovery. Europe’s top chemicals Continue Reading
Europe’s Energy Crisis Is Driving Up Natural Gas Prices Worldwide
Natural gas prices all over the world are surging amid a perfect storm of tight regional gas markets and soaring power prices in Europe. The natural gas rally isn’t over 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
Oil Rallies to Six-Week High as U.S. Crude Stockpiles Tighten
Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New Continue Reading
Priciest Food Since 1970s Is a Big Challenge for Governments
From handouts to trade rules, politicians are looking for ways to neuter the effect of surging costs. A demonstrator holds government subsidized bread during a protest in Beirut, Lebanon, on Continue Reading
Chevron CEO Warns of High Energy Prices
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There Continue Reading
UN chief urges ‘rapid’ emission cuts to curb climate change
The head of the United Nations is calling for “immediate, rapid and large-scale” cuts in greenhouse gas emissions to curb global warming. Antonio Guterres warned governments ahead of next week’s Continue Reading
Libya’s NOC says Es Sider and Ras Lanuf oil blockades have ended
Libya’s National Oil Corp (NOC) on Thursday said that a blockade of the Es Sider and Ras Lanuf oil terminals had ended and that export operations had returned to normal. Continue Reading
Rich Nations Head to South Africa Seeking Coal Exit Deal
Four of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according Continue Reading
New Coal Power Stations Cut Off From Funding by FirstRand
FirstRand Ltd. , Africa’s biggest bank by market value, is ending its funding of new coal-fired power stations immediately and will halt the financing of new projects to mine the Continue Reading
Australia approves Whitehaven mine despite court ruling on climate obligation to kids
Australia’s Environment Minister Sussan Ley on Thursday approved an expansion of a Whitehaven Coal (WHC.AX) mine – a decision which comes despite a historic court ruling that she had an Continue Reading
China tests oil clout, battles inflation with first oil reserve auction
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading
Walmart to Test Self-Driving Delivery Service With Ford and Argo AI
Walmart Inc. WMT 0.17% is working with Ford F 2.80% Motor Co. and Argo AI to start testing an autonomous-vehicle delivery service in three U.S. cities as the big-box retailer’s consumers continue to favor deliveries within the same Continue Reading
China’s Property Curbs Send Economic Tremors
Beijing’s pressure on the real-estate sector is being felt far beyond China Evergrande Group, raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another Continue Reading
China to strike harder against regions that fail to curb energy use
China will toughen punishments for regions that fail to meet targets aimed at controlling energy use, the state planning agency said in new policy guidelines published on Thursday. China has Continue Reading
China tests oil clout, battles inflation with first oil reserve auction
China’s first crude oil reserve auction could have an outsized impact on market sentiment, signaling the top oil importer remains committed to reining in inflation by controlling commodity prices, analysts Continue Reading
Boosters in Spotlight; China Vaccinates 1 Billion: Virus Update
Johns Hopkins’ Hansoti Booster shots are in the spotlight, as a highly anticipated study in Israel showed a third Pfizer Inc. dose can dramatically reduce rates of virus-related illness in Continue Reading
Global Energy Crunch Leaves China Facing More Power Shortages
China is staring down another winter of power shortages that threaten to upend its economic recovery as a global energy supply crunch sends the price of fuels skyrocketing. The world’s Continue Reading
Toyota’s Big Bet On Solid State Batteries Could Boost The Entire Sector
With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time–and costs. And, Wright’s law has so far proven to Continue Reading
Vineyard Wind secures $2.3 bln loan, allowing construction to start
Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts as soon as Continue Reading
U.S. Gulf has 30% of oil production still shut after Hurricane Ida
Energy companies on Wednesday kept 30% of U.S. Gulf of Mexico crude oil production shut, or 537,193 barrels, according to regulator Bureau of Safety and Environmental Enforcement (BSEE), more than Continue Reading
U.S. Gulf Coast oil companies resume Ida recovery as Nicholas recedes
U.S. Gulf energy companies have been able to quickly restore pipeline service and electricity after Hurricane Nicholas passed through Texas, allowing them to double down on efforts to repair the Continue Reading
Warding Off Winter Cold in U.S. Will Be Pricey as Propane Soars
Americans who rely on propane for heating are facing the most expensive winter in years as prices for the fuel jump to the highest since 2014. Propane prices have risen Continue Reading
Low Midcontinent gas prices fuel outbound flows in growing risk to winter storage
Highlights NGPL Midcontinent at 24 cent discount to Henry Hub Transmissions up 200 to 300 MMcf/d, July 1 to date Storage level at 188 Bcf, record low for mid-September Weak Continue Reading
Chevron and Enterprise Exploring Carbon Storage Ops
Chevron and Enterprise Products Partners are exploring carbon storage business opportunities. Chevron and Enterprise Products Partners are exploring carbon storage business opportunities. Through its Chevron New Energies division, Chevron U.S.A. Continue Reading
Container ship queue at Los Angeles/Long Beach grows to record 60 vessels
The queue of container ships waiting to berth at the Los Angeles/Long Beach port complex grew to a record 60 vessels as the ports remain inundated with import volumes during Continue Reading
How Long Can U.S. Shale Producers Resist The Oil Price Rally?
It would have been unthinkable a few months ago: ramping up production was the last thing U.S. shale drillers would do amid a hesitant price recovery and heavy uncertainty around Continue Reading
Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom
Proposals in the U.S. Congress to tie green tax credits with local content materials risk holding back the American offshore wind sector even before it has started to flourish, a Continue Reading