The scarcity premium embedded in the structure of Brent crude oil futures has widened to the most since 2013 this week, a sign of the tight market underpinning oil’s rally Continue Reading
US natural gas prices have mostly recovered from their recent declines as November-delivery Henry Hub prices soared past the $6 per mmBtu mark this week. Despite October seeing milder-than-usual weather, Continue Reading
Oil prices have hit 7-year highs and are showing no signs of slowing. Gas prices have an outsized impact on the consumer psyche. The Biden Administration has declared that it Continue Reading
While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing Without a significant uptick in investment, demand for oil and Continue Reading
The surging cost of manufacturing materials and shipping could threaten 50 gigawatts (GW) – a staggering 56% – of the 90 GW of global utility PV developments planned for 2022, Continue Reading
Shipping companies face a 2050 deadline set by the International Maritime Organization that seeks sharp cuts in vessels’ carbon-dioxide emissions. Photo: adrian dennis/Agence France-Presse/Getty Images Shipping operators are under pressure 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
Global Supply Chain Chaos Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labor shortage in the second-biggest Continue Reading
The world’s major economies, many of which helped fuel the Earth’s warming over the past century through massive greenhouse gas pollution, are still failing to do their part to adequately Continue Reading
Current plans to cut carbon emissions don’t work quickly enough, says the UN National plans to cut carbon fall far short of what’s needed to avert dangerous climate change, according Continue Reading
New and updated climate commitments from governments still fall short of the effort needed to reach the goals of the Paris Agreement on climate change, the United Nations Environment Program Continue Reading
A cyberattack disrupted the sale of heavily subsidized gasoline in Iran on Tuesday, state media reported, causing long queues at gas stations across the country weeks before the anniversary of Continue Reading
The problem started at around 11 a.m., Tehran time, Amin Rezanavaz, spokesman for Iran’s gas station owners union, told the Islamic Republic of Iran News Network in an interview. Sales Continue Reading
Exxon Mobil Corp’s (XOM.N) second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country’s waters, the U.S. oil company said. The production Continue Reading
Starting in late September, China’s top leadership began holding a series of emergency meetings. An energy crisis had started to engulf the country, propelled by high coal prices. And it wasn’t Continue Reading
China has outlined a plan to hit peak greenhouse gas emissions by the end of the decade, releasing a long-awaited blueprint just days ahead of the UN’s COP26 climate summit Continue Reading
China’s economy risks slowing faster than global investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with Continue Reading
Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy Continue Reading
Chinese state-owned enterprises have a massive pipeline of coal-fired power projects in more than a dozen countries and it remains unclear if they’ll be scrapped, even after President Xi Jinping’s Continue Reading
U.S. natural gas futures were little changed on Tuesday after erasing earlier losses on midday forecasts calling for colder weather and higher heating demand over the next two weeks than Continue Reading
The torrential rain that fell on much of California in recent days recharged rivers, filled storage tanks and prepared the ground for the next storm, providing what many climate experts say is 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
Former Exxon executives and staffers have found their way to hire-hungry tech names like Amazon and Microsoft as a result of the cuts The company is in the midst of Continue Reading
As many as 1,485 institutional investors, representing a massive $39.2 trillion of assets under management, have so far committed to at least some form of divestment from fossil fuels Back Continue Reading
To increase supply during the severe drought, Marin County is considering buying water from agricultural areas and piping it across the San Francisco Bay. Welcome to the future in Marin Continue Reading
A deepening freight logjam is defying President Biden’s hopes of restoring normal cargo movements, hampering the economic recovery and threatening consumers’ holiday shopping plans. Two weeks after Biden administration officials announced steps Continue Reading
The campaign to stop the proliferation of coal plants may come down to a bit of financial engineering: pulling the plug on insurance coverage. More than 30 insurance companies have Continue Reading
BP’s trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company’s trading results said, as the energy major benefitted from Continue Reading
European Union countries failed to agree on a bloc-wide response to surging energy prices in an emergency meeting of government ministers on Tuesday, with some countries seeking a regulatory overhaul Continue Reading
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for Continue Reading
Gas prices in Europe rose on Tuesday as cooler temperatures in most of Western Europe are expected at the beginning of November. The gains were modest, however, as this week’s Continue Reading
If Norway stopped producing oil and gas, this would jeopardize the European energy transition, the country’s new prime minister, Jonas Gahr Store, told the Financial Times in his first interview Continue Reading
Germany expects growth this year to be significantly weaker than predicted, as the lingering effects of the pandemic and a supply squeeze hinder a revival of Europe’s biggest economy. The Continue Reading
For years, the European Union tried to loosen Russia’s iron grip on its gas supplies by fostering a competitive import market. Those efforts have boomeranged this year as supplies run 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
Even as large swaths of the Siberian forest have burned during summer wildfires — made increasingly worse by climate change — the Kremlin’s strategy to slash emissions is a bet on those Continue Reading
Oil steadied, with investors weighing the outlook for a tighter market as U.S. stockpiles drop and OPEC+ keeps a tight rein on supply. Brent crude was little changed after advancing 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
WTI erased early 2% gain as Iran sanction discussions announced for this week. Oil erased gains after hitting $85 a barrel for the first time since 2014 with traders focused Continue Reading
WTI crude hit the psychologically important $85 per barrel mark earlier on Monday—the highest the U.S. crude benchmark has traded since October 2014. WTI prices eased later in the afternoon, Continue Reading
US oil prices rose above $85 a barrel on Monday for the first time in seven years, as traders bet that crude supplies would not keep pace with fast-rising global Continue Reading
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world Continue Reading
A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds Continue Reading
The leaders of most of the world’s biggest greenhouse gas emitters gather in Glasgow from Sunday, aiming to thrash out plans and funds to tilt the planet towards clean energy. Continue Reading
Greenhouse gas concentrations hit a record last year and the world is “way off track” in capping rising temperatures, the United Nations said on Monday in a stark illustration of Continue Reading
Global greenhouse gas emissions are on a catastrophic trajectory and developed nations will fall short of a pledge made more than a decade ago to mobilize $100 billion a year Continue Reading
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Iran’s Deputy Foreign Minister Ali Bagheri Kani said he’ll head to Brussels on Continue Reading
Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices OPEC+ is adding 400,000 bpd to its combined output every month Some Continue Reading
Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported , citing the new head of the National Iranian Oil Company Continue Reading
