The American Petroleum Institute (API) reported a small inventory build in crude oil that was just enough to keep the market from panicking over dwindling inventories. This week, the API Continue Reading
An oil market rally may ease off as prices that hit a three-year high last month help push up global production, particularly in the United States, the International Energy Agency Continue Reading
Rebounding economic activity and natural gas shortages recently pushed the developed world’s oil reserves to their lowest since early 2015, but growing crude supply could soon ease that pressure, the Continue Reading
After hitting a six-year low in September, commercial oil stocks in OECD countries showed a marginal build in October, suggesting that the months of hefty inventory draws globally may be Continue Reading
OPEC is seeing signs of an oil supply surplus building from next month so its members and allies will have to be “very, very cautious” when they review output policy Continue Reading
OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters. The group’s Secretary-General Continue Reading
Global energy demand will increase by 28 percent from now until 2045 due to rising economies and population, according to OPEC’s World Oil Outlook discussed at the ADIPEC energy forum Continue Reading
Iran has resumed production of equipment for advanced centrifuges at a site the United Nations’ atomic-energy agency has been unable to monitor or gain access to for months, diplomats familiar Continue Reading
While many critics were disappointed by the extent of India’s clean energy promises, the nation has made significant commitments in its net-zero by 2070 pledge India is working hard to Continue Reading
India stepped up efforts on Wednesday to combat high levels of pollution in New Delhi that threaten the lives of residents and others nearby, ordering a temporary halt to operations Continue Reading
Commuters drive amidst morning haze and toxic smog in New Delhi, India, Wednesday, Nov. 17, 2021. Schools were closed indefinitely and some coal-based power plants shut down as the Indian Continue Reading
Volume rises by just 0.5% on year in Oct China produced 168.4 Bcm of natural gas over Jan-Oct Possibility of winter gas shortages: NDRC China produced 16.5 Bcm of natural Continue Reading
The port of Vancouver, Canada’s largest, said on Tuesday that all rail access had been cut by floods and landslides further to the east, a development that could hit shipments Continue Reading
A legal battle between Canadian company Enbridge Inc (ENB.TO) and the U.S. state of Michigan over Enbridge’s Line 5 oil pipeline will be heard in federal court, a judge ruled Continue Reading
A U.S. judge overseeing trade issues on Tuesday overturned a decision by then-President Donald Trump to allow a reimposition of tariffs on some imported solar panels. The decision by Judge Continue Reading
The U.S. Interior Department on Wednesday will auction vast oil and gas reserves in the Gulf of Mexico estimated to hold up to 1.1 billion barrels of crude, the first Continue Reading
U.S. power reliability regulators on Tuesday recommended electric grids strengthen cold weather rules and coordinate with the natural gas industry to prevent a recurrence of the February freeze that left Continue Reading
The California Energy Commission (CEC) has approved a three-year $1.4 billion plan to help California achieve its electric vehicle charging and hydrogen refueling goals. The CEC said the plan, approved Continue Reading
U.S. SPR Release Won’t Fix Tight Oil Market: IHS Markit’s Yergin Releasing oil from the U.S. government’s strategic reserve would have a “short-lived” impact on soaring fuel prices, according to Continue Reading
To see just how tight the New York gasoline market is take a look at the nation’s largest fuel pipeline. The value for space on the Colonial Pipeline’s main gasoline Continue Reading
Lucid Group Inc. LCID 23.71% became the latest electric-vehicle startup to top automotive icon Ford Motor Co. F -0.35% in market value, another example of how investor enthusiasm is intensifying for car companies that shun gasoline. Stock in Lucid, Continue Reading
Many airlines have been chasing customers with fare sales, but rising fuel costs are likely to soon change that A recovery in air travel demand has triggered a quick rebound Continue Reading
Exxon has put up for sale natural gas assets in the Barnett Shale in Texas, Reuters has reported , citing a confirmation of the news by the company. The assets Continue Reading
Research firm HFI noted that the latest 10-15-day weather forecast is pointing towards colder than usual weather The EIA said last week it expected average natural gas prices to reach Continue Reading
The electrocatalytic conversion of CO 2 using renewable energy could establish a climate-neutral, artificial carbon cycle. Excess energy produced by photovoltaics and wind energy could be stored through the electrocatalytic Continue Reading
Polish security forces turned water cannon on migrants who threw rocks across the Belarusian border, where thousands have gathered in a chaotic attempt to reach the European Union, video footage Continue Reading
Germany’s energy regulator has suspended the approval process for a major new pipeline bringing Russian gas into Europe, throwing up a new roadblock to the contentious project and driving up Continue Reading
Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and Continue Reading
Britain continues to face severe labor market shortages despite the end of the furlough program because 465,000 people have disappeared from the workforce since the start of the pandemic, according Continue Reading
Germany’s energy regulator said it had “temporarily suspended” certification of the Nord Stream 2 pipeline, dealing a setback to the Kremlin-backed gas project and sparking a rise in the UK Continue Reading
Shell has been threatened with an exit penalty by Dutch opposition parties after the energy company’s decision to end its dual share structure and move its tax base to the Continue Reading
He has spent 28 nights, each colder than the one before, choking on campfire smoke and despair on Europe’s doorstep. He made it across the razor wire into Poland three Continue Reading
The pipeline took five years to complete UK and EU wholesale gas prices have risen by 17% after Germany’s energy regulator suspended approval of the controversial Nord Stream 2 natural Continue Reading
U.K. inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England to raise interest rates and tightening a squeeze on living standards Continue Reading
Europe is short of natural gas — dangerously short. A cold winter could mean a severe crunch, and utility bills are headed higher, burdening ordinary people and weighing on the Continue Reading
Traders are refocusing on the return of two bearish factors, according to Rystad Energy. The carnage on oil prices spilled into this week as the market now seems to be Continue Reading
Oil advanced above $81 a barrel as investors continued to wait to see whether the Biden administration will release crude from the nation’s emergency reserves to tackle soaring U.S. gasoline Continue Reading
Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Continue Reading
The oil industry is not investing enough to meet growing energy demand, including for crude, which could lead to a series of energy crunches down the road, oil expert Daniel Continue Reading
The average price of gasoline is already above $4 a gallon in California and Hawaii. U.S. retail gasoline prices are poised to average more than $4 a gallon in three Continue Reading
An oil market rally may ease off as prices that hit a three-year high last month help push up global production, particularly in the United States, the International Energy Agency Continue Reading
The International Energy Agency on Nov. 16 signaled a likely easing of oil market tightness, forecasting world supply to rise by 1.5 million b/d in November-December on the back of Continue Reading
The OPEC Monthly Oil Market Report for November 2021 was published this past week. The last month reported in each of the charts that follow is October 2021 and output Continue Reading
An international agreement to reduce coal use dragged miners’ shares lower on Monday, but tight supply of the commodity provided a floor for a sector that has chalked up huge Continue Reading
The Glasgow Climate Pact is a message to investors and executives that the march to net zero is accelerating. The agreement , negotiated by almost 200 nations over two weeks, Continue Reading
After two weeks of intense deliberations, diplomats from nearly 200 countries reached a final deal Saturday evening to work together to stave off the worst effects of climate change for current and Continue Reading
A new dataset highlights the number of people on Earth exposed to dangerously hot weather World leaders have committed to limiting Earth’s rising temperature to 1.5 degrees Celsius (2.7 degrees Continue Reading
Africa is particularly vulnerable to climate change, not only because it’s heating up first and fastest. Rich nations, responsible for the vast majority of the world’s overall greenhouse gas emissions, Continue Reading
An official of NOSDRA says the intensity of the leak was hampering investigations at the incident site. The National Oil Spills Detection and Response Agency (NOSDRA) on Sunday said a Continue Reading
Insurers are getting increasingly worried about the perils of climate risk after a run of natural disasters, according to a report by BlackRock Inc. The big majority of insurers now Continue Reading
