Four offshore wind power projects in two East Coast states won the backing of government officials Friday, as the region increasingly eyes offshore turbines as a source of clean energy. Continue Reading
Ford is launching a new sustainable charging program that allows plug-in electric vehicle owners in California to opt into carbon-neutral charging at home, reducing their carbon footprint from energy used Continue Reading
General Motors has begun deliveries of its first next-generation electric vehicles, the GMC HUMMER EV Edition 1 Pickup and BrightDrop EV600 light commercial vehicle, both built on the Ultium Platform. Continue Reading
Russia said on Friday it wanted a legally binding guarantee that NATO would give up any military activity in Eastern Europe and Ukraine, part of a wish list of security Continue Reading
The European natural gas benchmark prices tumbled by 15% early on Friday On Thursday, the German regulator reviewing the certification of Nord Stream 2 said it would not make a Continue Reading
Électricité de France S.A., commonly known as EDF, a French electric utility company primarily owned by the state, shuttered two nuclear power plants after routine safety inspections found cracks at Continue Reading
Highlights Part of technical preparations ahead of commercial launch First string of new pipeline filled with gas in October No decisions on operator certification in first half: regulator The operator Continue Reading
Chinese wind turbine maker Ming Yang Smart Energy Group Ltd. agreed to help build factories in the U.K., which plans to add 40 GW of offshore wind power by 2030. Continue Reading
Watch time-lapse footage showing the long Eurostar queue at London’s St Pancras station on Friday evening The Omicron variant is “spreading at lightning speed” in Europe and will likely become Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Dec. 17 as investors booked profits after an overnight surge, while analysts maintained that the near-term outlook for oil remains Continue Reading
Crude rose Thursday on a weaker dollar and demand optimism from Wednesday’s EIA report. Oil rose for a second day after the U.S. reported the biggest crude stockpile drop since Continue Reading
Oil rose for a second day after the U.S. reported the biggest crude stockpile drop since September while the dollar slipped. Futures in New York gained 2.1% on Thursday in Continue Reading
Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs Continue Reading
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future. The three groups do have one commonality in their Continue Reading
Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies Continue Reading
Asia, Americas mobility 2% below pre-COVID levels Major European economies still lag as restrictions tighten US gasoline demand exceeds pre-Covid level Oil demand markers in most of the world’s biggest Continue Reading
Global demand for oil products other than jet fuel made a full recovery to pre-crisis levels in the third quarter of this year, thanks to the strong recovery of oil Continue Reading
COVID-19 has been a driving force in markets over the past two years, and it will likely continue to be a factor in 2022. Inflation is another major risk to Continue Reading
AstraZeneca said on Thursday a lab-study of its COVID-19 antibody cocktail, Evusheld, found that the treatment retained neutralising activity against the Omicron coronavirus variant, showing promise for wider use of Continue Reading
Onshore oil and gas operations are exposed to the ‘full range’ of the physical impacts of climate change. More than 40 percent of commercially recoverable oil and gas reserves are Continue Reading
Coal output seen rising to record highs in 2022 China, India, hold ‘key’ to future coal demand Met coal demand to continue rising as steel output grows Overall coal demand Continue Reading
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new Continue Reading
Sees OPEC+ raising output by 400,000 b/d at Jan meeting Expects oil price of $60-80/b throughout 2022 Russia’s second-largest crude producer Lukoil expects the OPEC+ group to continue its current Continue Reading
Kurdish Peshmerga forces oversee digging of defensive trenches in the village of Lheiban , Iraq, Tuesday, Dec. 7, 2021. For the first time since the defeat of Islamic State, federal Continue Reading
India is going all-in on renewable energy, with big plans to scale up its solar sector. As a part of the move, India is looking to cut ties with China Continue Reading
Exxon Mobil Corp. is prepared to bid on Friday for new blocks in Brazil’s deep-water oil fields, a focus area for its oil and gas production growth, people familiar with Continue Reading
Highlights Petroperu expected to take a week to restart pumping PetroTal’s Block 95 tops 20,000 b/d for first time PetroTal to ship 320,000 barrels to Brazil State oil company Petroperu Continue Reading
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell . Chinese crude imports Continue Reading
Processing the high-sulfur crudes produced in the Gulf of Mexico hasn’t been this profitable since 2017, thanks largely to cheap shale gas. While Europe and Asia grapple with surging prices Continue Reading
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent The midstream oil sector see intense competition as pipeline operators have to fight Continue Reading
Highlights Five-year average equals 114 Bcf draw Forecast shows 52 Bcf pull for week in progress US gas inventories fell by 88 Bcf for the first full storage week of Continue Reading
The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic Continue Reading
Residents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant and a rush in demand for booster shots before Continue Reading
The rapid growth of the hybrid and electric vehicle segment could potentially cause demand for electrical steel to outpace supply from 2025, according to a new report by a team Continue Reading
The U.K. recorded the highest number of confirmed new COVID-19 infections Wednesday since the pandemic began, and England’s chief medical officer warned the situation is likely to get worse as Continue Reading
On top of an ongoing natural gas crunch, Europe faces the winter season with reduced nuclear output in France, exacerbating the energy crisis and leaving large parts of the continent Continue Reading
The German regulator reviewing the certification of the Nord Stream 2 gas pipeline will not make a decision before July 2022, the president of the regulator said on Thursday, in Continue Reading
As of Dec. 15, ammonia prices in Europe were the highest globally at $1,120/mt CFR Northwest Europe (up 47% since the launch), while FOB Black Sea, a major source of Continue Reading
Pavel Zavalny, the head of the energy committee in Russia’s lower house of parliament, said on Friday that gas may start flowing via the Nord Stream 2 pipeline to Germany Continue Reading
European natural gas prices plunged from a record close after Russia topped up fuel to the region at the last minute. Dutch next-month futures fell as much as 16%, with Continue Reading
U.K. Prime Minister Boris Johnson’s Conservative Party has suffered a stunning defeat in a parliamentary by-election that was a referendum on his government amid weeks of scandal and soaring COVID-19 Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Dec. 16 as risk-on sentiment returned to oil markets after a bullish overnight session on Wall Street in response to Continue Reading
Oil eked out a gain, climbing in tandem with equities, as traders weighed the Federal Reserve’s shift to tighter monetary policy to battle inflation. Futures in New York closed up Continue Reading
Crude oil prices recovered somewhat on Wednesday morning after the Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to December 10. At 428.3 million Continue Reading
According to Commerzbank, a significant oversupply of oil in the first quarter of 2022 is set to drive the price of Brent down to $70 On Tuesday, the prompt Brent Continue Reading
Brent crude for February settlement flipped to trade at a discount to the March contract for the first time since March, excluding the days when the contracts expire. The oil Continue Reading
Fossil fuel combustion, a major source of air pollution, contributed to more than one million deaths globally in 2017, more than 27% of all deaths from outdoor fine particulate matter Continue Reading
Onshore oil and gas operations are exposed to the ‘full range’ of the physical impacts of climate change. More than 40 percent of commercially recoverable oil and gas reserves are Continue Reading
Oil has had a breakout year, and while some analysts remain optimistic, others are beginning to change their tune. The IEA has become the first market expert to actually issue Continue Reading
Iran has agreed to let the United Nations atomic agency monitor its production of critical centrifuge parts, ending a three-month deadlock and averting a fresh diplomatic clash with the U.S. Continue Reading
