Supramax, Panamax rates in Pacific may fall sharply Ship-operators to foot cost of tonnage held up in Indonesia Supramax and Panamax markets in the Pacific region are expected to face Continue Reading
Bloomberg News Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s factory activity expanded in December as production and sales picked Continue Reading
Some have shared videos on social media of them swapping cigarettes for cabbage, and a Nintendo Switch for instant noodles and steamed buns Some residents under quarantine in the Chinese Continue Reading
Highlights Remaining 2.2 mil mt to be supplied by small miners Miners expect ban to be partially revoked on Jan. 5 Supply to remain tight till February: miners Major Indonesian Continue Reading
China imposed a partial shutdown on the 1.3 million residents of Yuzhou, a city in the central province of Henan, after finding three asymptomatic cases of Covid-19. Hong Kong also Continue Reading
Currently, the price of a gallon of gasoline in California is $4.65, according to AAA, compared to the national average of $3.285 per gallon The average U.S. consumer is expected Continue Reading
America’s failing electric grids and clean energy goals will be key themes in the U.S. energy sector this year. The coming months will also be a test for President Biden’s Continue Reading
Reduced activity has left the oilfield service sector scrambling for new sources of revenue. One company, in particular, is looking to green energy applications using materials that have been primarily Continue Reading
Germany is kicking off the new year by moving ahead with plans to shutter three of its six remaining nuclear power plants Soaring natural gas prices across Europe mean this Continue Reading
With energy costs soaring and citizens complaining, the EU shifts to a more pragmatic energy policy … EU’s New Green Definition The EU Drafts a New Definition of Green that Continue Reading
Bloomberg: December oil and condensate output together totaled 10.903 million bpd Analysts: Russia to fall short of its target of returning to pre-pandemic levels of oil production by May this Continue Reading
The European Commission began this weekend expert consultations over whether nuclear power and some natural gas projects can be considered “sustainable” investments, receiving immediate backlash over “green nuclear” from Germany Continue Reading
French inflation stabilized in December, indicating price pressures may be near a peak in the euro area after surging on energy costs in the past few months. The 3.4% year-on-year Continue Reading
The VETERIA21 Project, funded by the Valencian Regional Government and implemented by AIMPLAS, will develop new, more efficient transformation processes for thermoplastic composites so they can be used to replace Continue Reading
Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures in New York advanced toward $76 a barrel in Asian Continue Reading
Crude oil futures rose in mid-morning trade in Asia Jan. 3 on easing COVID-19 concerns and as the ongoing optimism from the Santa Claus rally carried over into the new Continue Reading
OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary-general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread Continue Reading
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led Continue Reading
The ongoing JCPOA agreement negotiations with Iran are not going as smooth as some media seem to suggest. In stark remarks, several European and U.S. diplomats have stated that the Continue Reading
After a lengthy layoff, Iran appears poised to officially rejoin the ranks of oil exporters–maybe as early as 2022–if Tehran and Washington are able to strike a new nuclear deal Continue Reading
Federal Iraq pumped 3.277 mil b/d, just 4,000 b/d more than Nov Production quota was 4.237 mil b/d in Dec vs 4.193 million b/d in Nov OPEC+ set to meet Continue Reading
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less Continue Reading
Pakistan’s natural gas shortage is hurting its most important export industry, putting even more stress on an economy already struggling with accelerating inflation and a weakening currency. About $250 million Continue Reading
Venezuela has reported a significant increase in monthly oil output. The spike in output can be attributed to a range of factors, including the technical assistance and diluent provided by Continue Reading
Chinese officials have pledged to alleviate food shortages in Xi’an for residents locked in their homes as the country battles its worst Covid-19 outbreak since the coronavirus pandemic started in Continue Reading
Williams Cos., one of the biggest transporters of natural gas in the U.S., said an intentional release of a powerful greenhouse gas detected by satellite was caused by work on Continue Reading
When a new building-size machine cranks up this month, it will begin turning mountains of recycled cardboard into paperboard suitable for greener forms of packaging. The $600-million project, the first Continue Reading
Tesla Inc. TSLA -1.27% annual vehicle deliveries surged 87% in 2021, growing at their fastest pace in years, as the company leveraged its Silicon Valley roots to overcome computer-chip shortages that have plagued the global auto Continue Reading
Tesla smashed its own production and delivery records in the final months of last year, shrugging off supply chain and other problems to hand customers the keys to more than Continue Reading
While U.S. oil and gas firms are expected to raise their capital spending in 2022, constrained funding could put a cap on their ambitions. Low capital funding availability poses a Continue Reading
In the US, the region that appears best equipped for widespread adoption of clean H2 is the Texas Gulf Coast centered on Houston This vast industrial landscape of refining, petrochemicals, Continue Reading
China’s meticulous plans to prevent an Olympics-seeded COVID-19 outbreak by sealing all participants inside a “closed-loop” for the upcoming Winter Games will be tested by the emergence of the highly Continue Reading
Russian oil output up to 524.05 mln T in 2021 Output seen rising further in 2022, 2023 Russia plans to reach pre-pandemic oil output by May Analysts sceptical about the Continue Reading
The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Sunday for the 13th straight day, data from German network operator Continue Reading
European gas prices fell further on Thursday, continuing a recent sell-off, as unseasonably mild weather curbed demand and fresh supplies of the fuel headed to the region. In thin holiday Continue Reading
Euro-area inflation figures for December due this week are likely to indicate price increases may have peaked. The rate should drop more significantly at the start of this year, as Continue Reading
Germany is contemplating further measures to contain Covid-19 as the omicron variant threatens to become the dominant strain in the country by mid-January. When Chancellor Olaf Scholz meets with state Continue Reading
The US and its allies will “respond decisively” if Russia invades Ukraine, President Joe Biden told his counterpart in Kyiv as tensions mounted over Moscow’s troop deployments. The call on Continue Reading
The European Union has drawn up plans to classify some nuclear power and natural gas plants as green investments that can help Europe cut planet-warming emissions, a landmark proposal that, Continue Reading
Brussels wants to recognize nuclear power and forms of natural gas as “green” activity as part of a landmark EU classification scheme to help financial markets decide what counts as Continue Reading
Russia’s daily average crude and condensate output rose by 2.4% on year to 10.52 million b/d in 2021, as OPEC+ increased quotas in line with recovering demand as pandemic lockdown Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Dec. 31 as investors booked year-end profits after a multi-day rally that pushed prices to highs not seen in five weeks. Continue Reading
Rigzone’s regular market watchers look at the pandemic’s effects on demand, OPEC+’s impending meeting, power prices and more. (The views and opinions expressed in this article are those of the Continue Reading
The fast-spreading Omicron variant is clouding the outlook for oil markets after a rapid recovery in demand pushed prices to their highest levels in years. Oil marched higher for much Continue Reading
U.S. Special Presidential Envoy for Climate John Kerry speaks with Special Climate Envoy of China Xie Zhenhua. COP26 took fourteen days and some long nights of negotiations. It produced breakthrough Continue Reading
2021 was a challenging year for OPEC+ as prices began to recover, presenting a temptation that has always been difficult to resist. OPEC+ exercised restraint, however, refusing to open the Continue Reading
The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its Continue Reading
Efforts to win power in Libya by Saif al-Islam Qaddafi, the son of the country’s late ousted dictator Moammar Qaddafi, won’t succeed, according to the man who’s been at the Continue Reading
The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Continue Reading
China faces “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official. Export gains may Continue Reading
