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Saudi Arabia’s crown prince said on Saturday that the world’s top oil exporter aims to reach zero-net emissions by 2060 and will more than double its annual target to reduce Continue Reading
Kuwait will be able to unlock some 500,000 b/d of potential output capacity in the next two years, the head of its state oil company said Oct. 22, seeking to Continue Reading
The largest power generating company in India, NTPC Ltd, is looking for bids to import at least one million tons of coal for the first time in two years, Bloomberg Continue Reading
Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading
Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading
Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading
China Evergrande Group EGRNF 7.41% made an overdue interest payment to international bondholders, the state-owned Securities Times reported Friday, an unexpected move that allows the property company to stave off a default. The Continue Reading
For Vietnam’s central planners, the timing was terrible when China announced it would no longer build coal-fired power projects abroad. In early September, an updated energy blueprint for the Southeast Asian nation Continue Reading
Chinese authorities have signaled they would start looking into the recent price spikes and subsequent plunge in the domestic coal futures market as part of efforts to contain the price Continue Reading
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest intervention in years to boost supply and cool runaway prices of Continue Reading
Top oilfield firm Schlumberger NV (SLB.N) reported third-quarter profit which beat Wall Street estimates on Friday and echoed a rival’s forecast for a 20% increase in North American spending next Continue Reading
U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven-year highs. The U.S. oil Continue Reading
The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen. There’s now a record Continue Reading
A forecast for a developing drought in the U.S. southern Plains is the latest threat to dwindling world wheat supplies. Hard red winter wheat, a bright spot this year compared Continue Reading
One type of crude from America’s most prolific shale patch is having its moment, riding on the coattails of the global winter fuels crunch that has caused massive price rallies. Continue Reading
Thousands of companies involved with making, selling and servicing traditional vehicles face an uncertain future as the country transitions to electric vehicles. From metal fabricators to auto mechanics and corn Continue Reading
Northern California residents relieved that this week’s rain helped contain stubborn wildfires and soaked dry gardens were cleaning up Friday and preparing for a massive storm this weekend that could Continue Reading
The number of oil and gas rigs in the United States fell by 1 this week The total rig count is now at 542, up 255 from this time last Continue Reading
Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported , noting the Haynesville play alone has Continue Reading
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that Continue Reading
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year. Continue Reading
The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The Continue Reading
Top executives from Exxon Mobil Corp, BP America, Chevron Corp, and Shell Oil will testify on Oct. 28 at a congressional hearing examining whether the fossil fuel industry led an Continue Reading
After years of advocacy by frontline communities, California may finally be on the way to implementing a key health and safety regulation to protect communities living near oil and gas Continue Reading
Putin: “Currently, the OPEC+ countries are increasing production volumes, even slightly more than they agreed to do, but not everyone can do it,” Some OPEC+ members—including OPEC’s Angola and Nigeria Continue Reading
Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports , citing President Vladimir Putin as Continue Reading
The U.K’s natural gas production is soon expected to increase, as two new projects come online. Two new projects in the North Sea have recently started to flow gas, according Continue Reading
Surging sales of hybrid and fully electric vehicles in Europe remained strong in the third quarter of 2021, helping to shrink the market share of conventional gasoline and diesel cars Continue Reading
Royal Dutch Shell is on track to miss its own emission reduction targets in the coming decades, a new study shows. Royal Dutch Shell Plc is on track to miss Continue Reading
Moldova and Russia remain divided over price and other details of a new gas deal, Prime Minister Natalia Gavrilita said on Friday, after expiry of their former pact prompted Chisinau Continue Reading
As ambulances carrying coronavirus patients queue outside Romania’s emergency units, hospitals are running out of beds, morgues are overflowing and doctors are becoming exasperated as well as exhausted. Most of Continue Reading
Polish Oil and Gas Company (PGNiG) doesn’t expect it would be “forced” to buy gas from Russia after its supply deal with Gazprom expires at the end of next year, Continue Reading
Crude oil futures were lower during mid-morning trade in Asia on Oct. 22, as sentiment was impacted by pandemic concerns which could weigh on the demand outlook. At 11:15 am Continue Reading
Oil swung between gains and losses as traders weigh the ongoing impact of a global energy crunch and dwindling inventories at a key U.S. storage hub. Front-month futures in New Continue Reading
Oil prices fell on Friday with Brent poised for its first weekly dip in seven weeks as demand for oil products in power generation cooled off amid easing coal and Continue Reading
Brent Crude prices hit $86.10 per barrel early on Thursday Profit-taking eased the prices on Thursday “The reluctance of OPEC+ to pump more in the short term suggests that oil Continue Reading
Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs Continue Reading
Oil slid by the most in two weeks, falling from overbought territory amid concerns around global economic growth. Futures in New York fell 1.1% on Thursday after holding at the Continue Reading
Natural-gas prices have shed 19% since hitting a 13-year high earlier this month, reversing some of a run-up that has prompted fears of exorbitant heating bills and higher manufacturing costs at a Continue Reading
Soaring prices and demand for liquefied natural gas (LNG) in Asia have pushed spot LNG freight rates to over $200,000 per day as traders scramble to book vessels to ship Continue Reading
An oil-data startup backed by Palantir Technologies Inc. plans to figure out how much crude and natural gas reserves trapped underground are really worth. An oil-data startup backed by Palantir Continue Reading
Picking the precise moment when the world’s leaders had unmissable evidence of climate change is a matter for unsolvable debate, but there’s a strong case to be made for 1990. Continue Reading
o one lives here anymore. The mud-brick buildings are empty, just husks of the human life that became impossible on this land. Wind whips through bone-dry reeds. For miles, there’s Continue Reading
Israel, Egypt holding talks on new onshore pipeline -ministry New pipeline expected to cost $200 mln -industry sources Pipeline will boost exports by 3 to 5 bcm/year -industry sources LONDON, Continue Reading
Libya’s National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result of Continue Reading
Iraq’s countrywide oil output increased 3 percent in September as OPEC-plus quotas rise. Iraqi Drilling Company personnel drill a well at the West Qurna 1 field in Basra in May Continue Reading
The 2021 Production Gap Report, by leading research institutes and the UN Environment Programme (UNEP), finds that despite increased climate ambitions and net-zero commitments, governments still plan to produce more Continue Reading
One of the world’s largest energy consumers and importers, India, is weighing the possibility of keeping strategic reserves of imported coal and natural gas in order to fend off future Continue Reading
