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 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 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
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
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
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 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
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
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
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
