Giant West Qurna 2 oil field produces 400,000 b/d Iraq’s southern fields suffering from water problems Dhi Qar’s Nassiriya field closed for security concerns Some 480,000 b/d of Iraqi crude Continue Reading
For a brief period in the 2010s, high oil prices meant good news for the U.S. economy. Now, they are once again a threat to growth. With prices topping $100 Continue Reading
ExxonMobil logo. The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy has entered into a contract with a Nigerian unit of Texas-based Continue Reading
French energy company TotalEnergies has made a “massive” oil discovery on its block off the Namibian shore – another block in which the National Petroleum Corporation of Namibia (Namcor) owns Continue Reading
Since Russian President Vladimir Putin unleashed a large-scale attack against Ukraine on Thursday, the Biden administration has sought to rally allies and partners to condemn Russian aggression and join in trade Continue Reading
Despite rallying oil prices this year, China has been stocking up on crude oil, ignoring U.S. calls for a global coordinated release from strategic reserves, Reuters reported on Friday, citing Continue Reading
The rally in energy commodities following Russia’s invasion of Ukraine could derail Chinese plans for using the guiding of the price of coal, which is still a major source of Continue Reading
Russian energy flows not yet under US sanctions despite invasion China’s 2022 crude import growth seen at 536,000 b/d: Platts Analytics China may look for spot market bargains if other Continue Reading
Solar panels in the Gobi desert, in Dunhuang, Gansu province, China. Bloomberg News China aims to greatly expand its wind and solar power capacity over the next several years through Continue Reading
Why Russia’s Invasion Is Causing Anxiety in Beijing Bloomberg News At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Continue Reading
Oil companies led by Marathon Petroleum (MPC.N) and the United Steelworkers (USW) agreed to a new national contract on Friday for 30,000 U.S. workers in refineries, chemical plants, and pipelines, Continue Reading
The Biden administration’s sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included Continue Reading
The U.S. is seriously considering whether to seek Russia’s expulsion from the SWIFT financial messaging system over the Ukraine invasion as allies in Europe warm to the idea of imposing Continue Reading
In the coal fields of eastern Montana, climate change is forcing a stark choice: halt mining that helped build everything from schools to senior centers or risk astronomical future damage Continue Reading
The number of active drilling rigs in the United States rose by 5 this week—the 18 th straight weekly increase to the number of oil and gas rigs in the Continue Reading
Gasbuddy: The average price per gallon of gasoline reached $3.57 as of Friday, The gas price increase to $4 could happen in the next few weeks, according to analysts. Fighting Continue Reading
US LNG exports at full tilt in 2022, averaging 12.4 Bcf/d Demand from European utilities ups US FID prospects Domestic, global demand fail to trigger US production As Western Europe Continue Reading
Wildfire season has lengthened to nearly year-round Southern California major fires have decreased Dry start to 2022 increasing drought outlook The lack of moisture at the start of the year Continue Reading
Much of the information for this post comes from data at shaleprofile , and assessments by the USGS . In addition a paper published in Jan 2022 by Wardana Saputra Continue Reading
California surpassed 1 million electric vehicles (1,054,095 units)—battery-electric, plug-in hybrid, and fuel-cell electric—sold cumulatively through the 4 th quarter of 2021, according to the California Energy Commission (CEC), making it Continue Reading
Energy industry leaders believe the energy transition is accelerating faster than ever with 2022 set to be a strong year for industry growth. Energy professionals revealed that energy industry leaders Continue Reading
As Russia invades Ukraine, commodity traders are watching the country’s vast network of infrastructure that’s key to supplying gas, crops and steel to Europe and beyond. Russian forces continued assaults Continue Reading
Canada, the United States, Britain, and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of Continue Reading
EU states agreed to freeze any European assets of Russian President Vladimir Putin and his foreign minister on Friday, as Ukraine’s leader pleaded for faster and more forceful sanctions to Continue Reading
The United States, Britain, and European Union leaders are targeting Russian banks as part of a new package of sanctions following Moscow’s invasion of Ukraine. Here is a rundown of Continue Reading
Russian energy giant Gazprom said on Saturday it was supplying gas via Ukraine in line with demand from European consumers despite the military conflict. Demand from European consumers stood at Continue Reading
Switzerland said it won’t allow the European Union ’s sanctions against Russia to be circumvented locally by prohibiting targeted Russian individuals or companies from opening new accounts with Swiss banks. Continue Reading
The U.K. government has argued for some of the toughest possible sanctions on Russia. At the same time, BP Plc holds one of the single biggest foreign investments in the Continue Reading
Russia’s invasion of Ukraine is threatening two of the world’s staple grain markets. Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries Continue Reading
Germany halted approval of the pipeline because of the crisis in Ukraine. Sign up to receive the Green Daily newsletter in your inbox. The long buildup to yesterday’s Russian invasion Continue Reading
The United Nations is preparing for up to 4 million refugees from Ukraine if Russia’s war against the country continues to escalate. At least 100,000 people have been uprooted in Continue Reading
Sanctions on Russian banks and oligarchs have not halted Russian oil exports, with Indian refiners scooping up highly discounted Urals crude at a record pace, but Western buyers are hitting Continue Reading
Europe’s energy bill is set to surge to a record-high of $1.2 trillion in 2022 due to soaring energy commodity prices, which further rallied after Russia invaded Ukraine, Citigroup said Continue Reading
Yuzhny port closure expected to impact prices Supply cut could impact global trade balance Russia’s Togliattiazot, the world’s largest ammonia exporter, has suspended transit of ammonia following the invasion of Continue Reading
British and Dutch gas prices fell on Friday morning after sharp gains the previous day on the Russian invasion of Ukraine. In the Dutch gas market, the front-month contract fell Continue Reading
Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Continue Reading
Russia’s invasion of Ukraine could spell trouble for the U.S. economy, fueling higher gasoline prices and hampering the post-coronavirus recovery. Thursday’s wild price gyrations for crude oil and the U.S. stock Continue Reading
U.S. coordinating with other nations on potential release WTI trading at $93, falling from its highs of $100 a barrel Oil Market Implications of Russia’s Attack on Ukraine Oil pared Continue Reading
Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean Continue Reading
Efforts by the US to inflict economic pain on Russia in retaliation for its invasion of Ukraine could be hamstrung if sanctions drive an increase in energy prices. The US Continue Reading
In a sea of stock market losses amid Russia’s invasion of Ukraine, renewables are outperforming as power prices jump and investors mull the rising need for energy alternatives. The European Continue Reading
MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… Renewable energy has taken center Continue Reading
Russia’s brutal invasion of Ukraine on Thursday not only pushed oil prices over $100 in the afternoon, but also led to a spike in renewable energy stocks, bolstered by skyrocketing Continue Reading
Russia’s invasion of Ukraine on Thursday morning sent oil prices beyond $100 for the first time since 2014 as supply fears gripped an already bullish market. In an extremely tight Continue Reading
The super-giant West Qurna 2 oil field has shut down for nearly a month of maintenance, removing about 400,000 barrels per day (bpd) of production at a time when global Continue Reading
Nigeria suffered a drop of $3.7 billion in taxes and royalties from Shell Companies in the country as the oil major paid just $900 million in 2020, down from $4.6 Continue Reading
India is looking to partner with private companies to restart mines that have previously been shut or had their production discontinued by state-run Coal India Ltd., or CIL, on a Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading
Japan said on Friday it will appropriately deal with oil release from national reserves in cooperation with the International Energy Agency and relevant countries, after Russia’s attack on Ukraine fueled Continue Reading
The global energy transition is gaining speed, and many fossil fuel workers are worried about getting left behind. The latest in a long line of worldwide coal plant closures came Continue Reading
