US gas storage fields post largest draw of season as cold weather stays
US natural gas storage fields withdrew more than 200 Bcf for the second week in a row as a pair of 200-plus pulls look likely in the weeks ahead, as Continue Reading
UK Gas Production Could Plunge 75% By 2030
The UK could become much more vulnerable to price shocks and geopolitical events unless new offshore fields are approved and developed—and the UK’s gas production could plummet by 75 percent Continue Reading
U.S. Admits Finding Non-Russian Gas For Europe Is A Challenge
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
As Europe seeks alternatives to Russian gas, Algeria has pipeline capacity to spare
Highlights North African country increases gas output in 2021 Platts Analytics says Algeria could provide 7 Bcm more gas Rising domestic demand, political crisis may crimp exports In 1981, while Continue Reading
US vows to block Nord Stream 2 pipeline if Russia invades Ukraine
Highlights Pipeline will be part of sanctions response: Germany Russia-Ukraine standoff roils global energy markets The US will block the startup of the Nord Stream 2 gas pipeline to Germany Continue Reading
Declining U.S. Petroleum Inventories Push Oil Prices Higher
U.S. commercial petroleum stocks have fallen in most of the weeks in the past year and a half. The continuously declining U.S. petroleum stocks over the past year suggest that Continue Reading
Oil Rebounds From Biggest Tumble This Year on Outlook for Demand
Oil rebounded after the biggest one-day tumble this year as traders focused on the still-positive demand outlook as the pandemic eases. West Texas Intermediate climbed toward $84 a barrel after Continue Reading
Oil Opens Week With Jump on Outlook for Stronger Global Demand
Oil pushed higher at the week’s open as investors weighed prospects for rising demand as the omicron virus wave fades in key economies. Global benchmark Brent rose toward $89 a Continue Reading
Inflation Could Push Oil Supply Into The Danger Zone
Rising inflation rates and falling oil supply is creating a dangerous situation for the global economy. Underinvestment, driven by the ESG trend that discouraged more spending on new exploration. If Continue Reading
EXPLAINER: Why Yemen’s war has spilled into the Emirates
Twice in the past week, Yemen’s rebels have launched attacks with missiles and drones on the United Arab Emirates, a major escalation for one of the world’s most protracted conflicts. Continue Reading
What’s In The 20-Year Draft Agreement Between Iran And Russia?
While the new 20-year cooperation between Iran and Russia is yet to be finalized, significant progress appears to have been made on its drafting. If Russia agrees to sell Tehran Continue Reading
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows
A disruption to natural gas imports from Iran has caused an unprecedented level of power cuts in Turkey. The power cuts have largely impacted major industrial zones, with some companies Continue Reading
Iraq Is Preparing For Higher Oil Demand
Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told Continue Reading
Power blackout hits Kazakhstan, Kyrgyzstan and Uzbekistan
The central Asian nations of Kazakhstan, Uzbekistan and Kyrgyzstan suffered electrical power outages in major cities on Tuesday, according to authorities and residents, after a major power line in Kazakhstan Continue Reading
CHINA DATA: Pakistan becomes top receiver of China’s gasoline in 2021
Pakistan sees strong gasoline demand on economic activity the Philippines stays top recipient for China’s gasoil in 2021 Restricted gasoil exports from China support prices of the grade Pakistan emerged Continue Reading
Indonesia’s coal exports face delays on logistical hurdles, despite eased ban
Delays in shipment of Indonesia’s thermal coal continued due to logistical bottlenecks and impeding paperwork, market sources said Jan. 25, even after the three-week blanket ban on coal exports was Continue Reading
Biden’s Electric Vehicle Push Unites Warring Oil and Corn Allies
Joe BidenPhotographer: Stefani Reynolds/Bloomberg Lawmakers who support the rival petroleum and ethanol industries have joined forces to oppose the Biden administration’s push to electrify the federal vehicle fleet, marking a Continue Reading
US solar energy boom ‘stuck’ as industry confronts obstacles
A US solar power boom is at risk of stalling just as the country needs a surge in clean energy projects to meet its goals to strip carbon from electricity Continue Reading
Biden Desperately Needs To Bring Oil Prices Down
Former energy advisor Bob McNally once said, “Few things terrify an American president more than a spike in fuel [gasoline] prices.” U.S. President Joe Biden is grappling with the task Continue Reading
Permian Super-Emitters Could Save $26 Million Per Year By Fixing Methane Leaks
30 oil and gas infrastructure facilities in the Permian have been large methane emitters over the past 3 years, according to a new study. The super-emitters could save tens of Continue Reading
Western Canada gas storage remains on track to end season at seven-year low
Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive Continue Reading
Wisk Aero secures $450M from Boeing to advance certified autonomous electric flight
Wisk, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the US, has secured $450 million in funding from The Boeing Company, Continue Reading
Sabine Pass Sees Record LNG Flows
Natural gas flows to the LNG plant hit a record. Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana is seeing record flows amid a push to send U.S. liquefied Continue Reading
NATO sends reinforcements and U.S. puts troops on alert as Ukraine tensions rise
NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as Western “hysteria” in response to Continue Reading
Maersk to tackle air pollution at ports with ship-charging buoys
Shipping group Maersk (MAERSKb.CO) plans to install hundreds of offshore charging stations around the world to allow vessels to power themselves with electricity instead of fossil fuels while waiting outside Continue Reading
Energy costs push up Spanish industrial prices at record clip
Spanish industrial production prices rose at a record fast rate for the third straight month in December, pushed up by soaring energy costs, the National Statistics Institute (INE) said on Continue Reading
European Gas Declines Amid Higher Russian Flows, Mild Weather
Natural gas prices in Europe declined as Russia’s shipments increased and weather forecasts pointed to milder temperatures in the region. Orders to send gas through Ukraine via Velke Kapusany, a Continue Reading
War Looms Between Russia and Ukraine, but Diplomatic Options Remain
Russian troops are encircling Ukraine from three sides. In Washington and Brussels, there are warnings of crushing sanctions if Vladimir V. Putin orders an invasion. Embassy families — both American and Russian — are being evacuated from Kyiv. Continue Reading
The U.S. Is Preparing European Gas Markets For A Russian Invasion
The U.S. administration is in talks with energy companies and natural gas-producing nations to protect European markets from a shortage. Russia supplies over one-third of the continent’s natural gas and Continue Reading
Russia’s Transneft sees 2022 oil pipeline shipments to Europe at highest since 2018
Highlights 2022 plans at 27% above 2021 volumes Ukraine security situation raising supply concerns Volumes increasing despite European bids to diversify supply Russian pipeline operator Transneft provisionally plans to ship Continue Reading
Wärtsilä hits methanol milestone with first newbuild engine order
The technology group Wärtsilä has received its first order for newbuild methanol-fueled engines. A new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai Continue Reading
Oil Opens Week With Jump on Outlook for Stronger Global Demand
Oil pushed higher at the week’s open as investors weighed prospects for rising demand as the omicron virus wave fades in key economies. Global benchmark Brent rose toward $89 a Continue Reading
Crude oil futures rebound after US advisory on Ukraine
Crude oil futures rebounded in mid-morning trade in Asia Jan. 24 following a US advisory for its citizens to leave Ukraine, and after oil prices closed lower on Jan. 21, Continue Reading
UAE intercepts Houthi attack, Saudi Arabia reports two injured by fallen missile
The United Arab Emirates intercepted and destroyed two Houthi ballistic missiles targeting the Gulf country on Monday with no casualties, its defence ministry said, following a deadly attack a week Continue Reading
OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further. OPEC+ has been undershooting its collective production targets for months Continue Reading
OPEC Update, January 22, 2022
The OPEC Monthly Oil Market Report (MOMR) for January 2022 was published this past week. The last month reported in each of the charts that follow is December 2021 and Continue Reading
Iran’s oil minister asks for nation’s ‘cooperation’ after gas demand hit record high
Iran has 28 mil gas users Cold weather to boost demand even more Some industries may face restricted supplies Iranian oil minister Javad Owji on Jan. 23 said the country’s Continue Reading
Things Are Looking Grim For Colombia’s Oil Industry
Political instability and growing crime in Colombia is weighing on its already-struggling oil industry. Colombia still relies heavily on oil and gas for its own energy security as well as Continue Reading
Mexico’s Mega Refinery: Delayed And $3.6 Billion Over Budget
The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López Obrador may Continue Reading
China Lets In Most of the Australian Coal Stranded at Its Ports
Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research Continue Reading
China lifts COVID lockdown in Xi’an, tests 2M in Beijing
Chinese authorities lifted a monthlong lockdown on the northern city of Xi’an and its 13 million residents Monday as infections subside ahead of the opening of the Winter Olympics in Continue Reading
China cuts oil products export as focus shifts to efficiency, lower emissions
Slashes export quotas by 56% Implements structural changes to balance market Opportunities for regional refiners to fill gap A sharp cut in oil product export quotas by China underscores Beijing’s Continue Reading
When Will The U.S. Tap its Massive Geothermal Energy Potential?
After years in the making, the U.S. geothermal industry is finally gaining momentum. New geothermal projects come as a sigh of relief to many firms across the U.S. that have Continue Reading
Beijing introduces more COVID measures as cases mount before Olympics
Beijing’s city government on Sunday introduced new measures to contain a recent outbreak of COVID-19, as China’s capital continued to report new local cases of the virus less than two Continue Reading
EU set for show of unity as Russia invasion fears mount
European Union foreign ministers are aiming to put on a fresh display of resolve and unity in support of Ukraine on Monday, amid deep uncertainty about whether President Vladimir Putin Continue Reading
US draws down Ukraine embassy presence as war fears mount
The State Department on Sunday ordered the families of all American personnel at the U.S. Embassy in Ukraine to leave the country amid heightened fears of a Russian invasion. The Continue Reading
U.S. Food Supply Is Under Pressure, From Plants to Store Shelves
The U.S. food system is under renewed strain as Covid-19’s Omicron variant stretches workforces from processing plants to grocery stores, leaving gaps on supermarket shelves. In Arizona, one in 10 processing plant Continue Reading
Biden Weighs Deploying Thousands of Troops to Eastern Europe and Baltics – The New York Times
President Biden is considering deploying several thousand U.S. troops, as well as warships and aircraft, to NATO allies in the Baltics and Eastern Europe, an expansion of American military involvement Continue Reading
Why Biden Can’t Put A Cap On Oil Prices
Oil prices rose to the highest levels since October 2014 this week. The Biden Administration is once again scrambling for solutions, considering that the high price of gasoline is a Continue Reading
U.S. threatens use of novel export control to damage Russia’s strategic industries if Moscow invades Ukraine
The Biden administration is threatening to use a novel export control to damage strategic Russian industries, from artificial intelligence and quantum computing to civilian aerospace, if Moscow invades Ukraine, administration Continue Reading