The first ever U.S. congressional dressing down of oil bosses for alleged climate-change subterfuge devolved into a fractious spat over environmental racism, electric-car subsidies and fat pay packages. The bosses Continue Reading
Top US oil executives were accused of decades-long industry efforts to spread disinformation over the role of fossil fuels in driving global warming during congressional hearings held on Thursday, days Continue Reading
For the first time ever, top executives in the oil industry were grilled by federal lawmakers for their alleged role in misleading the public for decades on climate change and Continue Reading
European corn farmers are facing the prospect of having to leave crops in fields because of the energy crunch, a fresh sign of how the crisis is heightening the risk Continue Reading
European natural gas and power prices dropped after more signals from President Vladimir Putin that Russia will send extra gas to the continent next month. The Russian leader ordered Gazprom Continue Reading
Fears that Europe could run low on natural gas this winter eased, sending fuel prices lower, after Russian President Vladimir Putin told Gazprom OGZPY -2.34% PJSC to ship more gas westward. European gas futures slid by almost 10% Thursday Continue Reading
Cafes have now shut for 11 days in Moscow Shops, restaurants and schools have shut in Moscow in a partial lockdown, as Russia battles record Covid deaths and infections. Only Continue Reading
UK petrol prices have risen to record-high levels in what RAC/Experian Catalist describes as a “truly dark day for drivers,” according to Sky News . Gas prices at the pump Continue Reading
European natural gas and power prices dropped after more signals from President Vladimir Putin that Russia will send extra gas to the continent next month. The Russian leader ordered Gazprom Continue Reading
Oil fell for a second day as investors weighed the possibility that Iran may revive exports after a build in U.S. crude inventories. West Texas Intermediate pared some earlier declines, Continue Reading
Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and Continue Reading
Crude oil prices retreated today after the Energy Information Administration reported a build in U.S. crude inventories Gasoline and distillate stocks saw a small decline Crude oil imports came in Continue Reading
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so Continue Reading
The recent energy crunch in Europe and Asia has reemphasized the importance of natural gas and LNG LNG producers around the world are investing billions in increasing capacity follower the Continue Reading
A natural gas shortage around the world has led to a spike in energy costs that is going to have a significant knock-on effect on food and fuel One major Continue Reading
With COP26 taking place next week, there is a renewed focus on major funds divesting from fossil fuels This divestment movement can be epitomized by the Dutch pension fund ABP, Continue Reading
Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and Continue Reading
Tight market for lighter, sweet crude grades across US, Europe Buying interest not matched for heavier, sour grades OPEC focusing on physical market over futures Freight, arbitrage economics seen putting Continue Reading
Iran’s talks with six world powers aimed at reviving a 2015 nuclear deal will resume by the end of November, its top nuclear negotiator said on Wednesday, as Western concerns Continue Reading
China’s efforts to ease an energy crunch by stabilizing volatile coal prices have been complicated by a surge in wholesale petrol and diesel costs, forcing filling stations to ration fuel. Continue Reading
Libya’s Es Sider pipeline has a major leak that will require a 7- 10-day shutdown for maintenance The news comes on the back of Tuesday’s report on skirmishes by armed Continue Reading
Iran’s been a frequent target of cyberattacks since its nuclear program became a flashpoint in its relations with the West more than a decade ago. Iran said a foreign country Continue Reading
An exodus of Western oil companies from Iraq has left Russia in a very advantageous position when it comes to negotiating its production deals there Russia and Iraq have been Continue Reading
Highlights Waha Oil Co. currently pumping 77,000 b/d of Es Sider crude Output to decline for 10 days due to pipline closure National Oil Corp. needs funding to repair oil Continue Reading
THE Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his Continue Reading
Exxon’s operations offshore Guyana are proving to be highly profitable Breakeven costs for its projects are expected to drop from $35 per barrel to $25 per barrel, an industry low Continue Reading
China, the world’s largest greenhouse-gas polluter, is heading to Glasgow climate talks next week with a bold agenda: For the first time, it promises to take major steps to wean itself off Continue Reading
Surge came during a few hours in afternoon, authorities say ICU use rate nears 80%, more beds being added 98.7% of recent cases show no symptoms or only mild ones Continue Reading
China Evergrande Group’s next bond payment deadline is fast approaching as investors scrutinize the developer for clues on the severity of a cash crunch that’s eroding confidence in other highly Continue Reading
Australia is rejecting a push by the U.S. and the European Union to join a global pact to cut methane emissions, expected to be announced at the crucial COP26 summit Continue Reading
China’s efforts to ease an energy crunch by stabilising volatile coal prices have been complicated by a surge in wholesale petrol and diesel costs, forcing filling stations to ration fuel. Continue Reading
The government has staked its political legitimacy on controlling the virus better than other countries, especially its geopolitical rivals. The trip began in Shanghai, where the couple, both former professors, Continue Reading
Long lines of vehicles are snaking from pump stations across Guangxi and Anhui province in east and southwest China. Fuel retailers in parts of China are rationing diesel volumes to Continue Reading
Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they Continue Reading
A Congressional hearing this week into whether oil companies misled the public about climate change marks the start of a broad probe that may extend to other industries from advertising Continue Reading
New York environmental regulators on Wednesday rejected permits to build two natural gas-fired power plants as the state focuses more on renewable projects and energy efficiency to meet its greenhouse Continue Reading
The oil sector had a roller coaster ride during the development of the novel coronavirus pandemic, which took the bottom out of global oil demand in early 2020. The COVID-19 Continue Reading
Thursday’s Congressional hearing of top executives from Big Oil companies could be the start of a year-long investigation into whether the world’s largest oil firms have misled the public about Continue Reading
In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021 , released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 Continue Reading
ZeroAvia announced a development collaboration with Alaska Air Group, the parent company of Alaska Airlines, for a hydrogen-electric powertrain capable of flying 76-seat regional aircraft in excess of 500 NM. Continue Reading
General Motors announced a new community charging program to install up to 40,000 Level 2 EV chargers across the US and Canada. GM and its dealers will work together to Continue Reading
The US Department of Energy (DOE) is awarding $209 million in funding to 26 new national laboratory projects focusing on electric vehicles, advanced batteries and connected vehicles. The US currently Continue Reading
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect Continue Reading
Continental Europe’s $35 billion ceramics industry thought the worst was over when sales jumped more than 10% in the first half of the year and order books began to fill Continue Reading
President Vladimir Putin ordered Gazprom PJSC to start refilling its European gas-storage facilities next month, sending prices lower as long-awaited additional Russian supplies could soon be on the way. The Continue Reading
Russia’s Gazprom has emptied its gas storage facilities in western Europe to unusually low levels ahead of the winter, adding to fears that Moscow has exacerbated a shortage of supplies Continue Reading
Germany’s coronavirus caseload took its biggest jump in two weeks on Thursday, with over 28,000 new infections, the Robert Koch Institute said, adding heft to worries about restrictions this winter. Continue Reading
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so Continue Reading
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest Continue Reading
Oil prices edged lower on Tuesday after rising earlier in the dayand analysts said prices were set to sustain a rally driven by strong demand in the United States, the Continue Reading
