Saudi holds top oil supplier to China in October – customs data
Saudi Arabia held its position as the biggest supplier of crude oil to China for an 11th month in a row in October, with volumes up 19.5% from a year Continue Reading
Saudi Arabia held its position as the biggest supplier of crude oil to China for an 11th month in a row in October, with volumes up 19.5% from a year Continue Reading
The organization said slow FX reforms and uncertainties regarding the ability to repatriate foreign funds have discouraged new capital inflows. The International Monetary Fund (IMF) has advised the Nigerian government Continue Reading
Venezuela’s President Nicolas Maduro said on Sunday there will be no renewed talks with opposition politicians until “the kidnap” of a prominent government envoy Alex Saab – who was extradited Continue Reading
China’s daily coal output has stabilized at 12 million tonnes, amid a raft of measures to ramp up power production, the country’s state planner said on Sunday. Beijing has been 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
China’s pipeline natural gas imports declined to 3.21 million mt in October, down 17.2% from the record high of 3.87 million mt in September, according to data released Nov. 21 Continue Reading
Breakthrough cases of Covid-19 are hitting older people and those with underlying health conditions particularly hard, according to a new review of data by The Wall Street Journal that sharpens Continue Reading
When Miguel Lujan needs gasoline for his truck, he gets it in Carson City, Nev., located 80 miles from his hometown. It’s worth it, the store clerk and the roller-derby Continue Reading
A Democratic plan to impose a fee on methane emissions from oil and gas wells has cleared a key hurdle, but it faces strong opposition from the oil and gas Continue Reading
The U.S. Environmental Protection Agency ’s calculation of modest gains in carmakers’ fuel economy last year spotlight the need for a rapid increase in electric vehicles if the industry is Continue Reading
A month ago, new coronavirus cases in the United States were ticking steadily downward and the worst of a miserable summer surge fueled by the Delta variant appeared to be Continue Reading
On Monday, President Joe Biden signed the Infrastructure Investment and Jobs Act into law on the heels of months of debate in Congress. The $1 trillion bill includes hundreds of Continue Reading
Helmerich’s warning follows similar commentary by America’s No. 2 provider of frack pumps. Helmerich & Payne Inc. suffered its worst decline since early in the pandemic as the biggest U.S. Continue Reading
Oil and gas companies like ExxonMobil and the Canadian giant Suncor have transformed Alberta’s tar sands—also called oil sands—into one of the world’s largest industrial developments, replacing Indigenous people’s traditional Continue Reading
The Kremlin on Sunday accused the West of artificially whipping up tensions around Ukraine with repeated statements suggesting Russia was poised to launch an attack on its neighbour and told Continue Reading
Watch: Water cannons and tear gas fired at Covid protesters in Brussels Tens of thousands of people have been marching in the Belgian capital, Brussels, to protest against anti-Covid measures. Continue Reading
Belarus does not want confrontation with Poland but wants the European Union to take in 2,000 migrants stranded on its border, President Alexander Lukashenko said on Monday after Warsaw warned 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
BP Plc has kicked off a hiring campaign to fill jobs in its fledgling hydrogen business. The U.K. oil and gas major is initially looking to fill some 100 hydrogen Continue Reading
Austria went into a nationwide lockdown early Monday in a desperate effort to contain spiraling coronavirus infections. The lockdown in the Alpine nation comes as average daily deaths have tripled Continue Reading
Prime Minister Boris Johnson will set out plans for a dramatic expansion of the U.K.’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline Continue Reading
Some of today’s vehicles already feature more than 100 control units. This high complexity of electrical and electronic systems and their architecture will further increase, but must remain manageable. The Continue Reading
Oil logged its biggest weekly drop since August as Europe’s worsening Covid-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the Continue Reading
Highlights European lockdowns threaten demand outlooks ICE Brent falls below $80/b US dollar pushes to 16-month high Crude oil futures moved sharply lower Nov. 19 as the market weighed the Continue Reading
Asian liquefied natural gas (LNG) prices rose for the second straight week on robust demand from Asian buyers ahead of peak winter months and on supply concerns in Europe after Continue Reading
Oil falls for the 4th straight week, for the first time since March ’20. Austria to enter full lockdown next week Rising cases in Europe may lead to further restrictions Continue Reading
The oil market has already priced in the concerted release of crude oil from national reserves The U.S. is expected to release between 20 and 30 million barrels The oil Continue Reading
1. When Will Crude Oversupply Finally Come? – The ongoing US-OPEC public spat continues to revolve around the oil market’s immediate prospects, namely its moving into oversupply following several months Continue Reading
World fertilizer prices continue to soar as tightening supplies send costs up for farmers and consumers across the globe. In India, contract pricing for the nutrient potash skyrocketed 59% to Continue Reading
OPEC+ compliance with oil production cuts stood at 116% in October, up from 115% the previous month, internal data seen by Reuters showed, indicating the group continues to produce less Continue Reading
Gaddafi’s son. General Haftar. Libya’s former interior minister Fathi Bashagha. Former Prime Minister Ali Zeidan. Prime Minister Abdulhamid al-Dbeibah. Parliament speaker Aguila Saleh. These are the official candidates for Libya’s Continue Reading
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September, as the alliance, especially the OPEC members in the Continue Reading
YENAGOA, Nigeria Nov 19 (Reuters) – Oil has been spilling from a well owned by Nigeria’s Aiteo Eastern E&P and state-run NNPC for two weeks in southern Nigeria, local residents Continue Reading
India’s Jindal Steel & Power Limited (JSPL) (JNSP.NS) will start building a coal mine in Botswana’s southeastern Mmamabula coalfields in 2022, aiming to supply the export market and a planned Continue Reading
Narendra Modi has dominated politics in India for seven years. With broad public support and big majorities in Parliament, the prime minister has pushed through dramatic and sometimes damaging policies. His government has fiercely advocated a Hindu-focused Continue Reading
Deforestation in the Brazilian Amazon rainforest has reached a 15-year high, newly released data shows. The surge is prompting environmentalists and scientists to question the government’s willingness to meet the Continue Reading
Lawyers for the Conservation Council of Western Australia have sent letters to Woodside Petroleum (WPL.AX) and the country’s energy minister seeking to delay, if not stop, the company’s Scarborough natural Continue Reading
Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest oil-importing region are purchasing more Continue Reading
Japanese Prime Minister Fumio Kishida said on Saturday his government is considering releasing oil from its reserves in response to rising crude oil prices, Kyodo news agency reported. It would Continue Reading
China had given 76.3% of its population complete COVID-19 vaccine doses by Nov. 19, Wu Liangyou, an official at the National Health Commission (NHC) said on Saturday. A total of Continue Reading
Governments from some of the world’s biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as crude prices rose to a seven-year high last week, prompting some Continue Reading
U.S. natural gas producers will face billions of dollars in hedging losses for 2022 as the global energy crunch boosts gas prices to multi-year highs, research by consultancy Rystad Energy Continue Reading
Ex-Treasury chief puts 50%-55% odds of inflation over 2% There’s a 35% chance of the economy slumping, Summers says WATCH: Summers: Just a 15% Chance U.S. Economy Works Out Well Continue Reading
Oil prices have continued to fall this week, driven largely by growing demand destruction fears due to new covid cases in Europe While President Biden is yet to tap the Continue Reading
Americans could soon see relief at the pump as U.S. gasoline prices are set to decline if the drop in crude oil prices holds, Patrick De Haan, head of petroleum Continue Reading
Highlights Rig count hits 41, highest since pre-pandemic: Enverus Production tops 3.8 Bcf/d, matching March 2020 level Devon sees larger capex share for Okla. acreage in 2022 Gas production from Continue Reading
GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to Continue Reading
Carmakers are no longer just struggling to match Tesla on electric vehicle technology but are scrambling to come close on production too. For years it had been assumed that the Continue Reading
A driver in Belleville, N.J., cut his cable and downsized his apartment to save money for gas. A retiree in Vallejo, Calif., said he had stopped driving to go fishing Continue Reading