When the U.S. last auctioned big plots of ocean to companies that wanted to build offshore wind farms a few years ago, it raked in a then-record-setting haul of $405 million. That’s Continue Reading
Highlights Russia-Ukraine risks keep oil prices elevated DOE offered 50 million barrels in November US SPR inventory falls to lowest in 19 years The Biden administration signaled Feb. 22 that Continue Reading
Output hits seven-week high at 94.6 Bcf/d on Feb. 22 Freeze-off risk abates as coldest winter days wane Rig count now at 752, highest since March 2020 Following an early Continue Reading
The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to Continue Reading
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway Continue Reading
U.S. sanctions on Russia’s sovereign debt put global investors on notice that the securities could tumble further even after the steep declines they’ve experienced as the Ukraine crisis escalated. While Continue Reading
Germany relies on Russia’s Gazprom for more than half its gas. Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Germany’s Continue Reading
The Airbus A380 represents the last superjumbo of a bygone, kerosene-guzzling era. Now the double-decker will serve as the unlikely testbed to help the industry fly into a fuel-efficient future. Continue Reading
A German retiree facing sky-high energy bills is turning to a wood-burning stove. The owner of a dry cleaning business in Spain adjusted her employees’ work shifts to cut electric Continue Reading
Russia’s mounting aggression against Ukraine is creating a new and potentially prolonged period of uncertainty about global oil and gas supplies. A protracted conflict could send crude oil prices higher Continue Reading
Even before Russia sent troops over the border into Ukraine, Europe and the U.S. had been attempting to secure other sources of natural gas. The Energy Minister for Qatar, one Continue Reading
Airbus has signed a partnership agreement with CFM International, a 50/50 joint company between GE and Safran Aircraft Engines, to collaborate on a hydrogen demonstration program that will take flight Continue Reading
Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns Continue Reading
European natural gas surged and oil rallied after the dramatic escalation of the Russia-Ukraine conflict. Oil and gold led a broad rally in commodities after Russian President Vladimir Putin announced Continue Reading
The EU and UK are preparing a “first barrage” of sanctions against Russia after Vladimir Putin ordered Russian forces into eastern Ukraine and formally recognized two rebel-held regions in the Continue Reading
Oil prices approached $100 a barrel on Tuesday, the highest in more than seven years, and European gas futures briefly jumped more than 13 percent, amid rising concerns over armed Continue Reading
The United States and its European allies are set to announce fresh sanctions against Russia on Tuesday after President Vladimir Putin recognized two breakaway regions in eastern Ukraine, deepening Western Continue Reading
Some of the world’s biggest oil companies and commodity traders are at risk of disruption to their extensive business operations in Russia if the west follows through with “unprecedented” sanctions Continue Reading
Agreement could see oil sanctions lifted in stages Some 1.5 million b/d of Iranian oil exports could return Iran’s crudes compete with many OPEC+ grades Iranian nuclear deal negotiators appear Continue Reading
Iraq is in talks with Halliburton Co. and Saudi Arabia’s Aramco to carry out oil and gas developments in the west of the country. Baghdad is in discussion with Halliburton Continue Reading
A shepherd tends to his flock of goats grazing in Egypt. Global warming is a huge issue for the country, where agriculture provides a large share of jobs. If COP26 Continue Reading
Iran, the U.S. and other world powers are nearing a deal to revive the 2015 nuclear accord, although negotiators are still wrangling over significant final demands from Tehran, including the Continue Reading
International oil firms working in Kurdistan could face canceled contracts after the Supreme Court of Iraq made two legal rulings on oil sales and contracts. The recent rulings hark back Continue Reading
Middle Eastern oil producers hiked their March-loading formula prices on the back of tight inventories and strong demand. The divergence between OPEC’s self-reported production figures and third-party assessments continues to Continue Reading
TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in recent years, the Guyana-Suriname Basin Continue Reading
As people across the world grapple with the prospect of living with the coronavirus for the foreseeable future, one question looms large: How soon before they need yet another shot? Continue Reading
Analysts are predicting higher-for-longer oil prices, and it’s becoming a major problem for Biden. The consequences of underinvestment on a global level are only beginning to be felt now. Despite Continue Reading
Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion in New Orleans could threaten to send Continue Reading
UC Santa Cruz chemists have developed a simple method to make aluminum nanoparticles that split water and generate hydrogen gas rapidly under ambient conditions. The water-splitting reaction does not require Continue Reading
After work in the evenings, Nicola Frape turns off the heating and huddles under a blanket with her daughter and a hot water bottle. Adding a layer costs nothing, she Continue Reading
Wind power output in the European Union climbed 26% this year. Wind power is making a comeback in Europe as three named stormed battered the region in the past week, Continue Reading
The European Union would target Russia-led gas pipeline project Nord Stream 2 if Russian invades Ukraine, as part of an EU package of sanctions being prepared in case of an Continue Reading
Putin speaks after the escalation of Ukraine conflict Gas prices retreat on potential Russia-US summit Russia intends to continue uninterrupted supplies of gas and LNG to global markets, President Vladimir Continue Reading
Warns of more volatility if Russia hit by sanctions Calls on Europe to be ‘proactive’ on supply security LNG cargoes likely to continue to come to Europe Shell is prepared Continue Reading
Crude oil futures were lower in mid-morning Asian trade Feb. 21 after surging at the open as developments in the Russia-Ukraine crisis continue to drive sentiment, with Western leaders trying Continue Reading
Uncertainty drove oil prices higher when trading opened on Sunday as more Russian troops massed on Ukraine’s borders, but they fell later in the night as news reports said President Continue Reading
Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Continue Reading
Oil producers have had a great year with oil prices rallying by as much as 20% in 2022 alone. Higher oil prices could incentivize upstream investments and help push more Continue Reading
Vitol Group CEO Russell Hardy says he sees oil prices at $100+ for ‘a prolonged period’ at some point in the next 6-9 months. Oil prices could be set for Continue Reading
Highlights Kuwait considering blue and green hydrogen pilot Iraq to provide sovereign guarantee for solar projects Baghdad working on long-term technical contract with Acwa Power Iraq and Kuwait are planning Continue Reading
Jinghai district in northern China is hardly a rice-growing paradise. Located along the coast of the Bohai Sea, over half of the region’s land is made of salty, alkaline soil Continue Reading
Japan’s first hydrogen fuel cell train “Hybari.” Japan’s largest railway company will begin testing the country’s first hydrogen-fueled train next month in a step toward the nation’s goal of becoming Continue Reading
Ford Motor Co. is exploring options for separating its electric-vehicle operations, with CEO Jim Farley even reportedly considering a spinoff of the unit. Ford Motor Co. is looking at ways Continue Reading
Since the oil crisis of the 1970s, America has relentlessly pursued the utopia of energy independence. Now, nearly 50 years later, it seems America has finally accomplished that dream. Energy Continue Reading
Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the COVID-19 pandemic, Shell Continue Reading
Growth in Europe’s two biggest economies picked up sharply in February as the region moved past the peak of the latest wave of coronavirus infections. In Germany, private-sector output grew Continue Reading
U.K. services companies rebounded more quickly than anticipated in February as coronavirus restrictions were lifted, according to a report that will pile pressure on the Bank of England to ramp Continue Reading
Europe has just introduced a new emissions standard that will go into effect in 2025. Automakers are racing to electrify their vehicles. While Euro 7 may put fear into some Continue Reading
LNG trade rose 6% to 380 mil mt in 2021 China now world’s largest LNG importer US set to become world’s biggest exporter in 2022 Shell on Feb. 21 called Continue Reading
Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market. West Continue Reading
