Prior to the Fukushima disaster, nuclear power accounted for almost 30% of Japan’s energy mix, though it has since dropped to just 6.2% Japan is looking to reboot its nuclear Continue Reading
Oil traders in Asia—except in China—are alarmed that they could soon struggle to procure enough crude if the West imposes sanctions on Russian oil trade or cuts Russia from the Continue Reading
U.S. crude stockpiles rose sharply, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories (USOILC=ECI) rose by 4.5 million barrels in the Continue Reading
The US’s biggest offshore wind lease sale has attracted record bids of more than $3bn as renewable energy developers compete to secure a prime location to install turbines. The US Continue Reading
Highlights Total US production hits two-year high Long-term price gains encourage production growth: Platts Analytics Central Appalachia weekly coal production surged to the highest level in over nine years, according Continue Reading
US natural gas inventories for the week ended Feb. 18 fell in line with market expectations, which was below the five-year average decline for the first time this year. Receive Continue Reading
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the Continue Reading
Eastbound natural gas flows through Russia’s Yamal-Europe pipeline jumped four-fold on their way to Poland on Friday, data from German network operator Gascade showed, amid a Russian attack on Ukraine. Continue Reading
From Chelsea penthouses to Highgate mansions, Russia’s long-standing infatuation with U.K. real estate is evident from a cursory glance at some of the country’s priciest property transactions. The past decade Continue Reading
French consumer prices rose 4.1% in February from a year earlier. Photographer: Marlene Awaad/Bloomberg Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast Continue Reading
Germany is encouraging farmers to install solar panels alongside crops in a bid to accelerate the expansion of renewable power. The government will support farmers in setting aside as much Continue Reading
More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those are the findings of a new study by Zurich Insurance Continue Reading
The plethora of sanctions that were announced by Western powers after Russia invaded Ukraine and one notable absence: energy industry sanctions. The reason European powers are so reluctant to sanction Continue Reading
Owners of tankers have become reluctant to offer their vessels to load crude from Russia for fear that their future cargo could be breaching potential sanctions if the West decides Continue Reading
Highlights The jump beats the December increase on a percentage basis Discussions over additional US supplies accelerate The Northwest Europe delivered LNG price surged 29% Feb. 24, posting it’s the Continue Reading
This brings an immediate threat to Europe. As the Russia-Ukraine crisis unfolds, the massive gas imports route via Ukrainian trunk pipelines may stop at any point. That’s according to GlobalData’s Continue Reading
Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin Continue Reading
Crude oil futures were higher in mid-morning Asian trade on Feb. 24 as the market weighed the supply implications of targeted western sanctions against Russia and after President Vladimir Putin Continue Reading
Oil soared and global stocks and equity futures tumbled Thursday after Russia’s invasion. Oil surged above $100 a barrel for the first time since 2014 as Russia attacked sites across Continue Reading
In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its Continue Reading
The American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 5.983 million barrels after analysts predicted a build of 767,000 barrels . U.S. crude Continue Reading
Deadly violence and protests in Dhi Qar are destabilizing a key oil-producing province, threatening to shut down the Nassiriya oil field and raising security concerns that could scare away foreign Continue Reading
Two decades of malfeasance, mismanagement, and corruption have led to ill-maintained energy infrastructure and a large number of oil spills in Venezuela. Caracas’ reluctance to identify, contain, and clean up Continue Reading
Hong Kong rolls out a vaccine passport on Thursday that requires people aged 12 and above to have at least one COVID-19 vaccination and also tightened restrictions in a city Continue Reading
China’s foreign ministry said on Thursday that all countries should work together to jointly protect global energy security. Ministry spokesperson Hua Chunying was responding to a question at a regular Continue Reading
China is ready to throw Russia an economic lifeline as Vladimir Putin’s ties with the west deteriorate and Moscow is hit by snowballing sanctions over the crisis in Ukraine. Putin Continue Reading
Highlights Railway issues delay coal delivery from Russia Banks warn against coal trade with Russia: traders Ships warned against going to Suek port: traders Some buyers in China have been Continue Reading
In talks with oil, gas producers, IEA on supply contingency Has 240 days worth oil reserves, 2-3 weeks of LNG stocks Biden to meet G7 counterparts Feb. 24 Japan does Continue Reading
Urals, CPC Blend for March, April deliveries to Asia unaffected SK Innovation keeps close watch on Black Sea ports, logistics US, Southeast Asian crudes could replace CPC Blend, ESPO, Sokol Continue Reading
Austrian oil and gas company OMV (OMVV.VI) is receiving normal gas deliveries from Russia, it said on Thursday. “All contractually agreed quantities are being delivered,” a company spokesperson said in Continue Reading
Germany can guarantee the security of supply even without Russian gas or oil, Economy Minister Robert Habeck said on Thursday. “We will have to buy more gas, but also coal Continue Reading
New gas contracts with Russia are inconceivable, the chair of Germany’s foreign affairs committee told broadcaster RTL/ntv on Thursday after Russian forces launched an invasion of Ukraine. Michael Roth, a Continue Reading
Russian gas exports via Ukraine have continued as normal and are in line with requests from consumers, Russian energy giant Gazprom said on Thursday. The company said the requests have been Continue Reading
President Joe Biden on Tuesday rolled out the first of what the U.S. says could be an ever-fiercer, ever-broader cascade of financial sanctions and penalties over Russia’s moves against Ukraine. Continue Reading
NATO ambassadors gathered Thursday morning for an emergency meeting in response to Russia’s invasion of Ukraine with a pledge to defend alliance members and support Ukraine, which isn’t a member. Russia’s attack Continue Reading
Key Russian aluminum supplier may not face sanctions: sources Nickel prices on SHFE hit all-time high Major trader holding Russian copper sells off on sanction fears Russia’s invasion of Ukraine Continue Reading
Highlights TTF month-ahead price up 28% to Eur114/MWh at 0730 GMT Contract surged as high as Eur120/MWh in early trade Europe’s TTF gas price made huge gains in early trade Continue Reading
The IEA is monitoring the potential implications for energy markets. The IEA noted this week that it is monitoring, with growing concern, Russia’s recent statements and actions, and their potential Continue Reading
Oil prices stabilized on Wednesday after hitting seven-year highs in the last session as it became clear the first wave of U.S. and European sanctions on Russia for sending troops Continue Reading
European natural gas surged and oil rallied after the dramatic escalation of the Russia-Ukraine conflict. Oil pared gains as U.S. President Joe Biden appeared to avoid implementing the harshest sanctions Continue Reading
There’s every chance we could see Brent oil prices above $100 soon. There’s every chance we could see Brent oil prices above $100 soon, depending on Russia’s response to economic Continue Reading
Record-high bunker prices are pushing transport costs higher, and in turn, impacting the costs of goods and services across the globe. The overall rebound in demand for fuels as economies Continue Reading
Global leaders have made a number of ambitious climate pledges, but it hasn’t quite ushered in the death of coal just yet. Since 2019, commercial banks have dumped as much Continue Reading
Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IEA) said on Wednesday, with the coal Continue Reading
The Antarctic ice sheet has shrunk to the smallest surface area on record in another sign that the accelerating pace of climate change is hitting some of the coldest regions Continue Reading
A landmark United Nations report has concluded that the risk of devastating wildfires around the world will surge in coming decades as climate change further intensifies what the report described Continue Reading
Saudi Arabia has a stark warning about the dangers of underinvesting in oil. The world’s top oil exporter is cautioning that the underinvestment in oil and gas could spark a Continue Reading
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a Continue Reading
China is forecast to add record solar power in 2022 despite continued high material costs as the country pushes forward with a massive renewable build-out to reach its ambitious climate Continue Reading
Prices hit $25/MMBtu in some regions Central Asian gas supply to China cut over 10%: sources Post-Lunar New Year demand yet to fully recover China’s trucked LNG prices hit a Continue Reading
