The temperature in the British capital could rise as high as 15 degrees Celsius (59 degrees Fahrenheit) on Dec. 31. New Year’s Eve is set for record-breaking temperatures in London Continue Reading
Crude oil futures held on to gains notched overnight in mid-morning trade in Asia Dec. 29 as risk sentiment in financial markets remained buoyant amid the festive season, though COVID-19 Continue Reading
Oil held near a one-month high after industry data pointed to another drop in U.S. crude inventories and traders bet the fast-spreading omicron variant would prove to be less severe Continue Reading
Many forecasters, including BP, in 2020 argued that peak oil was already past us Investment bank analysts seem to overwhelmingly expect higher prices because of strong demand and not-so-strong supply Continue Reading
The oil markets are poised to end 2021 on a relatively high note, as concerns of Omicron impacting global demand in the same way that Delta did turned out to Continue Reading
Today the Grahamstown High Court in Makhanda ordered Shell to immediately cease its seismic blasting along South Africa’s Wild Coast, while ordering Shell and the Minister of Mineral Resources and Continue Reading
Iran for the second time this year ordered a shutdown of authorized cryptocurrency mining centers as part of efforts to ease the strain on the country’s power plants and avoid Continue Reading
Siahouk, a shepherd, had gone to get water from a pond when he was attacked Lying on the floor of his modest home, Siahouk was in excruciating pain from the Continue Reading
Mexico’s Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government’s target of refining all Continue Reading
Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production. Petroleos Mexicanos, the Mexican state-owned producer Continue Reading
Omicron has yet to dampen road traffic across most of Asia. The rapid spread of omicron has yet to dampen road traffic across most of Asia even as it leads Continue Reading
About two and a half years ago, we told readers China was panic hoarding food , which was several months before the virus pandemic began to spread worldwide; Beijing has Continue Reading
Gasbuddy: U.S. gas prices could rise to almost $3.80 per gallon before peaking According to the forecast data, the national average would rise to $3.41 per gallon in 2022 Gasbuddy: Continue Reading
U.S. natural gas futures rose this week as colder weather with snow came into parts of the country. Although substantially lower than Asian or European gas prices, U.S. January futures Continue Reading
US natural gas storage fields are poised to post the first triple-digit withdrawal of the season as a mild winter has calmed concerns of the inadequate inventories observed during the Continue Reading
Highlights 15.5 GW of new solar to be added in 2022 ERCOT expected to lead renewables additions CAISO to add 2 GW storage before summer US grid operators are expected Continue Reading
Imagine running a 5K and winning the race by 10 minutes. That’s analogous to what is transpiring in Alaska at the moment. An exceptional slew of records has tumbled in Continue Reading
The full New Jersey state Senate approved legislation Monday that would require the New Jersey Department of Environmental Protection (NJDEP) to develop and implement an electric school bus program. The Continue Reading
One of the major inflationary forces of 2021 has been the weather. Wild weather around the world wreaked havoc on markets for raw materials, lifting prices for everything from electricity Continue Reading
20 tankers with U.S. LNG are traveling to Europe, and another 14 are headed in the same general direction awaiting further orders According to analysts, the U.S. cargoes will not Continue Reading
Russia believes that the Nord Stream 2 gas pipeline will get the necessary certification and eventually start working, Russian Deputy Prime Minister Alexander Novak told RBC media on Wednesday. Construction Continue Reading
Highlights NYMEX crude settles $1.78 higher at $75.57/b Gasoline sales rise over holiday weekend India’s crude imports jump in November Crude and oil products futures rallied Dec. 27 along with Continue Reading
Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand Continue Reading
U.S. natural gas futures jumped almost 9% on Monday to a three-week high on forecasts for colder weather and higher heating demand over the next two weeks. Front-month gas futures Continue Reading
Natural-gas prices rose Monday after weather forecasts showed a bout of cold temperatures that could spur heating demand for parts of the U.S. this week. U.S. natural-gas futures finished Monday’s Continue Reading
U.S. natural gas futures extended gains — after the biggest jump in two months — as storms brought snowfall to parts of the country. Futures for January delivery rose 0.3% Continue Reading
U.S. crude oil prices hit a high of $86.40 per barrel in October this year Natural gas prices also rose this year, although the rise in U.S. benchmark prices was Continue Reading
A winter surge in Covid-19 cases driven by the Omicron variant is prompting economists to downgrade U.S. and global growth expectations in the early part of 2022 as businesses struggle Continue Reading
Shippers of containerized goods were caught off guard this year. Never before had container spot rates risen so far, so fast. But shippers of liquid and dry bulk commodities know Continue Reading
The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Continue Reading
Mounting uncertainty about the energy transition keeps oil and gas companies from spending more Strategic choices in investment in clean energy solutions, responding to the pressure to decarbonize, and portfolio Continue Reading
The energy revolution, accelerated by the pandemic, is changing the DNA of the oil and gas industry at its core. In a recent interview Glynn Williams, CEO of Silixa — Continue Reading
Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study . Hurricane Ida , a tropical storm that pummeled much Continue Reading
Iraq’s Federal Supreme Court on Monday upheld the results of the country’s October parliamentary elections , resolving a dispute that had stalled the formation of a new government as Iran-backed Continue Reading
Iran will prioritize an agreement to be able to legitimately return to exporting its oil during the new round of nuclear talks that began in Vienna today. “The most important Continue Reading
Indirect talks between Iran and the United States on salvaging the 2015 Iran nuclear deal resumed on Monday with Tehran focused on one side of the original bargain, lifting sanctions Continue Reading
Iran looks to capitalize on record natural gas prices A key focus of this ambition will be Iran’s supergiant non-associated gas field of South Pars Elsewhere, the immediate focus for Continue Reading
Highlights India’s November crude imports up 7.5% on month India, China to drive growth in 2022: Platts Analytics Refiners expect crude prices to remain firm in 2022 India’s crude imports Continue Reading
India may see a spurt in Covid-19 growth rate within days and head into an intense but short-lived virus wave as the highly-infectious omicron variant moves through the crowded nation Continue Reading
Venezuela says it’s pumping the most oil since harsh U.S. sanctions strangled state-owned oil company Petroleos de Venezuela SA more than two years ago. Not everyone believes it. PDVSA, as Continue Reading
Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra-heavy crude into exportable grades. Continue Reading
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested. This is a revision Continue Reading
To overcome the slow charging times of conventional lithium-ion batteries, scientists from Japan Advanced Institute of Science and Technology (JAIST) have developed a new anode material for lithium-ion batteries (LIBs) Continue Reading
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the first 1,000-megawatt unit of the Shanghaimiao plant, the biggest of Continue Reading
A powerful storm rammed western Japan with record snowfall, disrupting flights, train travel and leaving hundreds without power. Snowfall surpassed 70 centimeters (28 inches) in the cities of Hikone and Continue Reading
California’s cap-and-trade system, designed to reduce carbon emissions that contribute to climate change, is being undermined by forest fires caused in part by climate change, according to scientists. Launched in Continue Reading
Highlights Mad Dog, Vito are two of biggest 2022 startups 3 Murphy fields expected online next year US Gulf oil output to rise to 2 million b/d More deepwater exploration Continue Reading
Ammonium is one of the specific components of fine particulate matter (PM 2.5 ) that has been linked to a higher risk of death compared to other chemicals found in Continue Reading
The Yamal-Europe pipeline, which normally transports Russian gas into Europe, has shifted into reverse over the last week, triggering a row between Moscow and its western neighbors. Instead of flowing Continue Reading
The number of U.S. natural gas cargoes heading for European ports jumped by one-third over the weekend as the continent shivers amid a deepening energy crisis. There were 20 tankers Continue Reading
