A protein-based COVID-19 vaccine made by Sinopharm, when given as a booster after two doses of an earlier shot from the Chinese firm, elicited a stronger antibody response against the Continue Reading
U.S. energy firms kicked off the new year by continuing to add oil and natural gas rigs this week after increasing the rig count in 2021 after two years of Continue Reading
The US unemployment rate dropped significantly in December, prompting investors to increase their bets on the Federal Reserve moving quickly to raise interest rates and withdraw the stimulus it put Continue Reading
The number of active drilling rigs in the United States rose by 2 this week. Oil-directed rigs were up by 1 to 481, while gas-directed rigs were up by 1 Continue Reading
Oil producers in some of the most prolific parts of the Permian could lose up to half of their wastewater disposal wells as the Texas Railroad Commission targets the quake-inducing Continue Reading
Highlights Power prices above $200/MWh Jan. 7 PJM issued cold weather alert NYISO peakload forecast at 22.3 GW Jan. 11 Power prices were above $200/MWh in New York Independent System Continue Reading
Highlights Chrysler to offer first pure EV in 2025, go all-electric by 2028 Turkey’s TOGG revealed country’s first two EVs for availability in late 2022 GM, Mercedes-Benz, BMW among other Continue Reading
Rising fuel costs, especially those of natural gas, drove up wholesale electricity prices in all U.S. regions in 2021, the Energy Information Administration (EIA) said in an analysis on Friday. Continue Reading
Highlights Temps plunge, lifting Midwest demand to nearly 28 Bcf/d Chicago city-gate gas prices edge back toward $4/MMBtu Midwest regional gas storage surplus narrows to 25 Bcf Wintry weather and Continue Reading
Nato’s secretary-general has ruled out creating “second-class” members of the military alliance to appease Moscow, ahead of a week of high-stakes diplomacy between the Kremlin and western powers that aims Continue Reading
Residents in the Groningen area in the Netherlands have voiced their anger at a plan by the Dutch government to potentially double this year production from the Groningen gas field, Continue Reading
Month-ahead power prices in Europe fell this week after weather forecasts signaled that warmer than usual and windier weather conditions would prevail in northwest Europe in the coming weeks. The Continue Reading
Crude oil futures climbed for a fifth day in mid-morning trade in Asia Jan. 7, as reports of supply disruptions in North America and Kazakhstan fed the narrative of a Continue Reading
Oil was poised for a third weekly gain as the market tightened due to supply constraints across OPEC+ members following civil unrest. Futures in New York rose to trade near Continue Reading
Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya. Brent crude futures Continue Reading
Brent crude futures continued their upward trend in European morning trading Jan. 6, moving further above the $80/b mark not seen since late November as the wider oil complex remained Continue Reading
Goldman Sachs: oil prices could reach $95 if Iran doesn’t return to the market this year Goldman Sachs: commodities overall are set for a supercycle that could potentially last a Continue Reading
The Biden Administration is struggling to walk the line between its ambitious green energy plans and the reality that the world still runs on oil and gas. The energy crisis Continue Reading
The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are Continue Reading
Oil climbed to a seven-week high as supply constraints from OPEC+ to North America offset concerns about the impact of a Covid-19 outbreak in China. Futures in New York rose Continue Reading
If you’ve unlocked some recent International Energy Agency (IEA) data for a few thousand dollars, it could be the last time you are required to do so. The IEA is Continue Reading
Fresh violence erupted in Kazakhstan’s main city of Almaty on Thursday as Russia sent in paratroopers to put down a countrywide uprising in one of Moscow’s closest former Soviet allies. Continue Reading
Troops from a Russia-led military alliance arrived in Kazakhstan on Thursday to restore order after protests in the Central Asian country turned violent, with the police reporting that dozens of Continue Reading
Highlights Unrest said focused on cities, not mine areas Telecommunications cut could impact logistics Uranium spot prices jump amid unrest International metals producers active in Kazakhstan told S&P Global Platts Continue Reading
Protests continuing at site amid national upheaval Other main Kazakh fields said to be operating as normal The operator of Kazakhstan’s highest-producing oil field, Tengiz, said Jan. 6 that a Continue Reading
CPC crude export artery ‘fully functional’: Shell Shell keeps situation under ‘constant review’ amid security fears Tengiz operator working to resolve protest situation Kazakhstan’s three largest oil fields, the main Continue Reading
Kazakhstan’s President Kassym-Jomart Tokayev said on Friday he had given shoot-to-kill orders to deal with further disturbances from those he called bandits and terrorists, adding that those who failed to Continue Reading
Production at Kazakhstan’s largest oil venture Tengizchevroil (TCO) continues but there has been a “temporary adjustment to output due to logistics” as a result of protests at the Tengiz field, Continue Reading
Long adept at stoking unrest in the West, President Vladimir V. Putin of Russia sent troops to the Central Asian nation of Kazakhstan on Thursday to try to extinguish the Continue Reading
Indonesia, the world’s biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at Continue Reading
At CES 2022, Vietnam-based VinFast announced its new development strategy and revealed its complete electric vehicle lineup covering five segments. VinFast said will stop producing vehicles with internal combustion engines Continue Reading
Every two days at the University of Xi’an in China, cleaners dressed in white hazmat suits taped tight to their bodies disinfect the dormitory hallways. Zhang Shengzi, a 24-year-old student, Continue Reading
Every two days at the University of Xi’an in China, cleaners dressed in white hazmat suits taped tight to their bodies disinfect the dormitory hallways. Zhang Shengzi, a 24-year-old student, Continue Reading
The U.S. trucking industry is set to be transformed by a handful of states adopting zero-emission vehicle requirements. Oregon, Washington , New York, New Jersey and Massachusetts followed California in Continue Reading
The investments will focus on building the supply chain for offshore turbines. New York state will spend $500 million building up ports and manufacturing infrastructure for offshore wind farms in Continue Reading
From farm to fork, every aspect of the food supply chain is under increasing pressure from the latest virus surge A customer shops for groceries at a store in San Continue Reading
Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell (RDSa.L) , on Thursday said it raised $775 million in equity capital from new and existing investors. Continue Reading
The stock price for electric truck company Rivian fell below the price of its initial public offering after Amazon said it would also buy electric delivery vans from Chrysler owner Continue Reading
2021 saw a big number of high-profile oil deals in the prolific Permian basin Independent oil companies are leading the charge The Delaware Basin is especially attracting attention from E&Ps Continue Reading
13 new battery cell gigafactories are expected to come online in the U.S. by 2025. The next decade will be defined by a massive increase in utility-scale storage GM, Ford, Continue Reading
Electrifying at least 1 million homes by 2030 New York Governor Kathy Hochul is throwing her support behind building electrification as part of her administration’s climate agenda. Receive daily email Continue Reading
The recent decision by the EU to define investments in natural gas and nuclear energy as green energy investments has been met with plenty of resistance While environmentalists claim that Continue Reading
Industrial output in the euro area’s two largest economies unexpectedly contracted in November as supply constraints lingered, even before the coronavirus’s omicron variant hit the continent. France saw strong declines Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Jan. 6, tracking the overall bearish tone in financial markets, after the US Federal Reserve caught investors off-guard with plans Continue Reading
Oil retreated for the first time in four days on the prospect of tightening U.S. monetary policy, and on signs Chinese demand will weaken due to the worst Covid-19 outbreak Continue Reading
Oil climbed amid skepticism about whether OPEC and its allies can successfully raise output as much as they intend. Futures in New York rose 1.1% to $77.85 a barrel on Continue Reading
Oil prices rose on Wednesday, extending gains even after OPEC+ producers stuck to an agreed output target rise for February and U.S. fuel inventories surged due to sliding demand as Continue Reading
Rystad Energy’s head of oil markets, Bjornar Tonhaugen, offers his insight. Real-time transportation data globally suggests there has not been any significant impact on oil demand so far from Omicron. Continue Reading
The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December. OPEC made only part of its planned production increase last month, with supplies hampered by disruptions Continue Reading
The Iraqi government is attempting to take over ExxonMobil’s operating stake in the West Qurna 1 oil field rather than approve a sale to international investors. In a Jan. 5 Continue Reading
