Crude oil futures started the week higher in mid-morning trade in Asia on Jan. 31, with ICE Brent pushing further above the $90/b mark, as investors remained bullish on the Continue Reading
Oil markets opened the week higher and were heading for the biggest January gain in at least 30 years as robust demand outpaced fresh supply. The global crude benchmark rose Continue Reading
Oil rose more than 1% on Monday to the near 7-year highs hit in the previous session, while supply concerns and political tension in Eastern Europe and the Middle East Continue Reading
The current move in oil prices is largely attributed to geopolitical risk. The next major move in oil could be triggered if inventories fall to critical levels. Wall Street’s consensus Continue Reading
There are two key global shortages that we are going to want to keep a very close eye on this year. According to the International Fertilizer Development Center, exceedingly high Continue Reading
Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to Continue Reading
Tourism is a key contributor both to global GDP and global emissions. There have been calls for a major reboot of the sector following Covid-19. Airlines are now able to Continue Reading
There appears to be no end in sight to the financial and resource hemorrhage in Nigeria’s oil and gas industry, with the country once more losing as much as 6.596 Continue Reading
Yemen’s Houthis threaten more attacks on UAE Israeli president presses on with visit to Expo Dubai UAE prides itself as safe business haven Attacks mark escalation in Yemen conflict UAE, Continue Reading
Attempts by the Rivers State Governor Nyesom Wike to identify and shut all the illegal oil refineries in local communities of the state have unsettled many in the after areas, Continue Reading
The Chinese economy started the year on an uncertain footing, as Covid-19 flare-ups disrupted factory activity and consumer spending, according to a trio of manufacturing and service sector surveys released Continue Reading
Japan is set to import the highest quantity of coal in January in just over two years, as utilities scramble to get supplies for power generation amid high spot liquefied Continue Reading
The Wangting Power Plant in Wangting, Jiangsu province, China. Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Continue Reading
Beijing officials said Sunday they had sealed off several residential communities north of the city center after two cases of COVID-19 were found. The Chinese capital is on high alert Continue Reading
China’s manufacturing sector expanded at a slower pace in January as a seasonal slowdown, Covid-19 outbreaks and a housing market drop dragged activity at small firms to the weakest since Continue Reading
Growth in China’s factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience Continue Reading
According to a study published Thursday, Jan. 27, 2022, in the journal Environmental Science & Technology, gas stoves are worse for the climate than previously thought because of constant tiny Continue Reading
Surge in lateral well length is driving average well productivity to new heights in the Permian. New wells are expected to break the 1,000 boepd thresholds in 2022. The total Continue Reading
Highlights Cash Algonquin, city-gates surges to nearly $28/MMBtu Mass Hub weekend on-peak jumped $35 to $199/MWh ISO New England peakload forecast to reach to 19,500 MW Jan. 29 Spot natural Continue Reading
Solid-state Li-metal battery company QuantumScape released data showing its battery cells have completed 400 consecutive 15-minute fast-charging (4C) cycles from 10% to 80% of the cell’s capacity while retaining well Continue Reading
A potent cloud of the planet-warming greenhouse gas methane was spotted by satellite earlier this month near natural gas pipelines in Iowa. A potent cloud of the planet-warming greenhouse gas Continue Reading
Canada’s Calvalley Petroleum has suspended its operations and exploration in Yemen’s Hadramout province due to deteriorating security conditions after having resumed activities in the war-torn country in mid-2019, the company Continue Reading
The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and other forms of financial panic that would inflict Continue Reading
Wind power is finally gaining traction in America’s energy mix. The Biden Administration is planning to hold the largest-ever offshore wind leases in U.S. history. As the race to cut Continue Reading
Russia has confirmed 11,404,617 cases of coronavirus and 328,770 deaths, according to the national coronavirus information center. Russia’s total excess fatality count since the start of the coronavirus pandemic is Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . U.K. wind farms produced a record amount of energy on Saturday, helping Continue Reading
European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, while Asian demand growth could slow, the International Energy Agency Continue Reading
Shell began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part Continue Reading
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor (EQNR.OL) said on Monday, delivering a fresh blow to hopes of securing Continue Reading
The United States and Russia prepared for confrontation Monday at the United Nations Security Council over the Ukraine crisis, with the Americans vowing to make the Russians justify their massing Continue Reading
British lawmakers will be asked to consider legislation this week that would let ministers impose a wider range of sanctions against Russia should it move against Ukraine , the British Continue Reading
Oil markets are looking increasingly bullish as geopolitical risks spike and inventories continue to drain. Friday, January 28th, 2022 For the first time in seven years, Brent prices surged past Continue Reading
Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022. West Texas Intermediate rose 2% for the week Continue Reading
McKinsey: Net-Zero transition will cost $9.2 trillion in annual investment till 2050 This annual average includes investment in the energy, mobility, industry, buildings, agriculture, and forestry and other land-use sectors Continue Reading
Chevron Chairman and CEO Mike Wirth discusses fourth-quarter results and the potential for triple-digit oil prices Triple-digit oil prices are possible in the next few months as geopolitical risks and Continue Reading
High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
China will, by the end of the year, have more renewable and low-carbon power generation capacity than fossil fuel capacity, the country’s Electricity Council has reported. Reuters reports that China Continue Reading
U.S. energy firms added oil and natural gas rigs for a record 18th month in a row after boosting the rig count again this week as oil prices soared to Continue Reading
A U.S. judge’s surprise decision this week to annul the Biden administration’s first Gulf of Mexico oil lease auction because of its climate change impact has raised questions about the Continue Reading
U.S. natural gas futures soared over 70% during the last half hour of trade on Thursday and closed up 46% in their highest daily percentage gains on record. The move Continue Reading
Chevron reported $2.65 earnings per share, below estimates Shares post biggest once-day drop since August after results Profit miss driven by weaker output and downstream margins Flat to down 2022 Continue Reading
Chevron CEO Sees $100 Oil on Geopolitical Risks, Demand Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts Continue Reading
Oil-directed rigs rose 4 to 495. Oil production in the U.S. last week fell to 11.6 million bpd for week ending January 21 Gas-directed rigs were up by 2 to Continue Reading
Federal judge: Bureau of Ocean Energy Management broke the environmental law Plaintiffs, including the Sierra Club, Earthjustice, the Center for Biological Diversity, and Friends of the Earth, praised the ruling Continue Reading
On top of $90 oil prices, the futures market also points to further pain at the pump for American consumers. Gasoline futures at NYMEX are trading at their highest premium Continue Reading
U.S. natural gas futures surged 72% just ahead of expiration of the February contract The huge spike in the February contract is a clear sign that bearish bets were being Continue Reading
Highlights Coal capacity factor drops to 39.1% Stocks at 21-year low for corresponding month Subbituminous days of burn flat to five-year average Power sector coal stockpiles were 32.3% lower at Continue Reading
