n our crowded news cycle, it can be easy to miss key developments related to climate policy. So you would be forgiven for missing that the Supreme Court last month Continue Reading
Highlights Dec ’21, Jan ’22, Feb ’22 basis prices down 30-35 cents Permian output nears prior record high at 14 Bcf/d US weather forecasts dampen heating demand outlook Winter forward Continue Reading
Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory Continue Reading
The U.K. will make 1.5 million barrels of oil available from its strategic stockpile, making a modest contribution to the U.S.-led coalition of energy consumers seeking to damp down rising Continue Reading
Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros Continue Reading
Germany is set to mark 100,000 deaths from COVID-19 this week, passing a somber milestone that several of its neighbors crossed months ago but which Western Europe’s most populous nation Continue Reading
DHL Express is the first within Deutsche Post DHL Group to test hydrogen-fueled trucks for the long haul. Together with its customer Apple, DHL is piloting the heavy-duty vehicle, equipped Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Nov. 23, paring modest gains notched overnight, as investors remained risk-averse despite recent comments by OPEC delegates that they could Continue Reading
Oil declined ahead of an expected announcement by the U.S. and other major consumers on a release of emergency reserves in a bid to tame high fuel prices and rampant Continue Reading
Oil advanced amid speculation that OPEC and its allies may not add as much supply to the market as previously planned if the U.S. releases crude reserves in coordination with Continue Reading
Rystad Energy’s senior oil market analyst outlines what the market will now be focusing on. What the market will now be focusing on is mostly the gravity of the pandemic’s Continue Reading
Nations clinched the Paris Agreement six years ago but finished writing it only at COP26 in Glasgow this month. There, negotiators finally checked the box on something called “Article 6,” Continue Reading
OPEC and its allies are expected to stick with their current plan of gradually increasing output monthly, unless disrupted by unforeseen external factors, said Joseph McMonigle, Secretary General of the Continue Reading
Oil Market to Return to Surplus in 2022, ING Says OPEC+ officials warned they’re likely to respond to plans by the world’s largest oil consumers to release oil from their Continue Reading
OPEC+ has issued a grave warning to countries that look to release crude oil from their strategic reserves OPEC delegates: releasing millions of barrels from major oil consumers’ SPRs is Continue Reading
Port Harcourt — Host communities of oil well, Obiavu-5 (OB5), operated by the Nigeria Agip Oil Company, (NAOC), in Omoku, Ogba/Egbema/Ndoni Local Government Area of Rivers State, are now living Continue Reading
The evidence is clear that fossil fuel’s shift in the factory is nearing clock-out time. … starved of oil receipts, as presently structured, the economy will hurt. However, the catch Continue Reading
Highlights Disruptions, declines, and underinvestment dominate oil sector Country’s key oil infrastructure hamstrung by operational issues Rising security threats add to anxiety among oil companies Nigeria’s oil production outlook is Continue Reading
Crude oil seaborne exports from West Africa slumped below 3.5 million barrels per day in October, down from 3.84 million bpd in September as the continent’s major producer, Nigeria, struggled Continue Reading
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry. Investment in the oil and gas sector fell by nearly 50% in 2020. Colombia Continue Reading
Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with Continue Reading
U.S. President Joe Biden is preparing to announce the release of oil from the nation’s Strategic Petroleum Reserve in concert with several other countries as soon as Tuesday, Bloomberg reported Continue Reading
Greenland said on Monday it has stripped a Chinese mining company of its licence to an iron ore deposit near the capital Nuuk, dealing a blow to attempts by Chinese Continue Reading
Eric Clancy, an operations manager at Perimeter Solutions, sprays the company’s Fortify fire retardant along the roadside in Paso Robles, Calif. Perimeter Solutions has rolled up all the meaningful competition Continue Reading
As the first winter storms rolled through this month, a King Air C90 turboprop aircraft contracted by the hydropower company Idaho Power took to the skies over southern Idaho to Continue Reading
Poll: About 50 percent of Americans are worried about being able to afford to fill up their cars Respondents of a CBS News Poll blame high prices at the pump Continue Reading
The march towards energy independence began 10 years ago, and oil and gas imports have been shrinking ever since. Though there have been some snags in the movement towards energy Continue Reading
Among a litany of the challenges, the ongoing semiconductor shortage has weighed on U.S. automotive manufacturers. Despite solid demand, sales have faced strong headwinds from the part shortages, paired with Continue Reading
U.S. barges carrying gasoline are headed to Canada’s west coast to deliver much-needed fuel to a region cut off from the rest of the country after last week’s rainstorms brought Continue Reading
The so-called No Oil Producing and Exporting Cartels Act, would give the U.S. Department of Justice the powers to sue OPEC members for manipulating oil prices and controlling production The Continue Reading
U.S. shale producers saw reinvestment rates hit an all-time low in the third quarter and saw record levels of free cash flow A group of 21 public U.S. shale companies Continue Reading
The cost of Li-ion batteries has plunged some 97% since their introduction three decades ago—a rate similar to the drop in solar panel prices. A team at MIT has analyzed Continue Reading
President Joe Biden launched an aggressive attack on gasoline prices last week, enlisting China and other nations in a possible joint release of oil reserves, and sharpening a probe into Continue Reading
Consumers in the European Union and Britain face further gas price spikes this winter as flows of Russian gas via major transit routes are proving too little, too late. The Continue Reading
The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said Continue Reading
The European benchmark price for carbon allowances on Monday climbed above 70 euros ($78.88) per tonne for the first time since the European Union’s carbon market launched in 2005. The Continue Reading
People holding placards protest at a rally in Prague, Czech Republic, Monday, Nov. 22, 2021, to decry the government’s restrictions on unvaccinated people as new infections soared in the European Continue Reading
The European Central Bank has asked banks to “urgently” improve plans to protect their businesses from climate change risk after a review found widespread shortcomings in lenders’ approach to environmental Continue Reading
Austria went into a major lockdown on Monday to try to break the strong fourth wave of Covid spreading across Europe, while the German health minister, Jens Spahn, warned that Continue Reading
British Gas has swooped in to supply stranded customers from collapsed energy firms Neon Reef and Social Energy. It will onboard all 35,500 domestic consumers from both companies. This switchover Continue Reading
The energy crisis and soaring wholesale power and natural gas prices claimed its biggest victim so far in the UK when Bulb, a power and gas supplier serving 1.7 million Continue Reading
Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in Europe and a potential release of Japanese oil reserves, raising concerns about both oversupply and weak Continue Reading
Coal and natural gas spot prices have recently soared to record levels internationally, while oil is trading at over $80 a barrel—the highest price in seven years. Newspaper columnists are Continue Reading
Asia is stocking up on LNG inventory to avoid a repeat of last winter’s supply shortage. Surging demand for LNG and increased shipments of U.S. gas to Asia are sending Continue Reading
The world’s fish population is in a dire state, with about half of assessed stocks being overfished, according to a study backed by Australian billionaire Andrew Forrest. The rate of Continue Reading
Global talks on how to clean up shipping are set to begin Monday as momentum builds to cut pollution from the sector. The International Maritime Organization “is under pressure to Continue Reading
As if rising sea levels and fiercer cyclones weren’t enough to worry about, the climate crisis is already cutting crop yields and could lead to widespread food shortages. That’s the Continue Reading
Over the past 20 months, Israeli intelligence operatives have assassinated Iran’s chief nuclear scientist and triggered major explosions at four Iranian nuclear and missile facilities, hoping to cripple the centrifuges that produce Continue Reading
Mobile carbon capture in shipping is technically feasible. Mobile carbon capture in shipping is technically feasible and has a long term role to play in meeting the industry’s decarbonization targets. Continue Reading
Peak production estimated at 800,000 b/d in 2027 Field contains 14 bil barrels of recoverable reserves Lukoil has 75% stake in field Iraq’s southern oil field of West Qurna 2, Continue Reading
