Crude oil futures were lower in mid-morning Asian trade Feb. 18, tracking the overall bearish tone in equity markets as heightened tensions in the Russia-Ukraine crisis sparked a widespread sell-off 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
Climate change is seen as a bigger threat than war by a majority of people living in some of the world’s top economies, according to new data being presented to Continue Reading
Iran has risen above Russia on the oil market radar due to reports from multiple sources that a new nuclear deal is very close to being agreed upon. Rumors that Continue Reading
Bad weather at southern export terminals disrupted tanker loadings and forced shut-ins at oil fields, but spare capacity is ready to come online as OPEC quotas rise. Iraq’s federal government Continue Reading
The Big Air Shougang, venue for the freestyle skiing and snowboard events for the Beijing 2022 Winter Olympic and Paralympic Games. The Beijing Winter Olympics’ claim to “carbon neutrality” is Continue Reading
The Oklahoma City home of Devon Energy, which has raised its dividend to a record level. America’s largest frackers are reporting huge profits but plan to keep oil production in Continue Reading
U.S. gas inventories have depleted faster-than-average this winter despite warmer-than-normal temperatures, as strong demand in Europe and Asia has boosted exports of liquefied natural gas, tightening the market. Working stocks Continue Reading
California had its driest January since 1984, with the lack of rain and snow pushing drought conditions across the most populous U.S. state to nearly 100%. January was the second Continue Reading
America’s largest frackers are reporting huge profits but plan to keep oil production in low gear this year, adhering to an agreement with Wall Street, even as prices approach the $100-a-barrel Continue Reading
As oil prices have risen, observers that expected to see U.S. shale growth explode have been bitterly disappointed. According to executives at some of the biggest public shale firms, oil Continue Reading
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net Continue Reading
The number of active oil and gas rigs in the United States climbed for a 17 th straight week, with both natural gas and oil rigs increasing. The number of Continue Reading
The largest gas utility in the United States revealed a proposal on Thursday for what would be the largest green hydrogen network, according to a company press release . SoCalGas—a Continue Reading
Highlights Permian gas production reached 14.34 Bcf/d Feb. 18 Cash Waha Hub fell more than 20 cents in Feb. 18 trading Forecast warmer weather ahead for West Texas in near-term Continue Reading
Tankers were docked or loading at all seven U.S. liquefied natural gas export terminals for the first time Saturday, marking a small piece of industry history and setting up record Continue Reading
Over the past six months Gazprom has delivered gas to Europe at the lowest levels it could according to its contracts, European Commission President Ursula von der Leyen said on Continue Reading
Italian Prime Minister Mario Draghi speaks with the media as he arrives for the EU-Africa summit at the European Council building in Brussels, Belgium February 17, 2022. Geert Vanden Wijngaert/Pool Continue Reading
Due to high demand and fears that Russia might turn off its gas supply to Europe, the continent has been importing huge amounts of LNG. Now, Europe is fast running Continue Reading
There may be no end in sight for the European power crunch this year, even after the winter season ends. Low nuclear power generation in France, a major producer and Continue Reading
Oil was steady with dwindling U.S. inventories and roaring demand offset by the potential return of supplies from Iran. Futures in New York traded near $90 a barrel on Thursday Continue Reading
U.S. crude inventories fell to lowest since Oct 2018 -EIA Overall product supplied hit record 21.9 mln bpd last month -EIA U.S.-Iran nuclear talks reach crucial point -White House Biden Continue Reading
Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of Continue Reading
Oil prices rose late on Wednesday afternoon with Brent reaching just shy of $92 per barrel. But JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the Continue Reading
The Colorado pikeminnow was once a prized catch. The toothless, torpedo-shaped fish had dark, tender, flavorful meat and came in absurdly large sizes, especially for a minnow. In the early Continue Reading
Qatari gas to lower reliance on Iranian energy: minister Iraq’s power outages due to lower Iranian supply Iraq’s power link with Saudi to take 2-3 years to complete Iraq may Continue Reading
Exxon plans to begin oil production from a second platform offshore Guyana next month New platform would increase Guyana’s production threefold ExxonMobil and Hess Corp. have recently made their 20th Continue Reading
Average refinery run rates at Indian refineries were 101 percent in January, compared to 87 percent in August last year. Most of India’s 23 refineries operated at above nameplate capacity Continue Reading
Highlights 2020-21 coal demand stood at 905.88 mil mt April-November 2021 coal imports down 11.13% on year April-November coal production up 9.01% on year India aims to increase its domestic Continue Reading
Japan’s oil and metals giant Eneos Holdings Inc (5020.T) expects it will be able to procure alternative oil in spot markets even if it becomes difficult to buy crude from Continue Reading
The feedstock imports for China’s independent refineries fell by 4.3% to 16.38 million mt in January from the 11-month high in December 2021, latest data compiled by S&P Global Platts Continue Reading
The dramatic sprint of crude oil toward $100/b is prompting Asian importers to rethink supply strategy as well as their fiscal roadmap, which could result in an aggressive recourse to Continue Reading
Forecast Highlights Global liquid fuels The February Short-Term Energy Outlook (STEO) assumes U.S. GDP grew by 5.7% in 2021 and will grow by 4.2% in 2022 and by 2.8% in 2023. We Continue Reading
Energy stocks powered through the broader market’s January 2022 slump and are poised to keep rising as long as oil prices stay high and worries about looming interest rate hikes Continue Reading
The $5 billion program to create a national network of electric-vehicle charging stations will give priority to interstate highways and fast chargers before expanding into remote rural and crowded urban Continue Reading
The U.S. shale patch is experiencing its best-ever economics this year thanks to a combination of disciplined spending and high oil prices. The Permian basin is still leading U.S. shale Continue Reading
Earlier this month, the Energy Information Administration reported that oil output in the Permian shale play had hit a record, and it was going to continue growing. And now, the Continue Reading
Oil prices are still trading near seven-year highs, and the Biden administration is feeling pressure to lower inflation Cathie Wood of ARK Invest is predicting that advances in technology will Continue Reading
Crude oil production in the United States could reach 12.6 million barrels daily next year, which would be a record high on an annual-average basis, the Energy Information Administration said Continue Reading
Highlights Gasoline stocks fall 1.64 million barrels Implied demand hits 6-week high Cushing draw leads crude stocks down 4.76 million barrels US gasoline inventories posted a counter-seasonal draw in the Continue Reading
Scientists and engineers have announced a record-breaking achievement of sustained fusion, which researchers say demonstrates the potential of nuclear fusion power plant designs. Although nuclear fusion has been long recognized Continue Reading
Crude oil futures were lower in mid-morning Asian trade Feb. 8, easing off multi-year highs as a seven-week long bull-run appeared to lose steam, though market watchers were in consensus Continue Reading
Oil slipped to around $92 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which may revive a nuclear agreement that could Continue Reading
Global head of commodities research at Goldman Sachs: all commodity markets are in a state of shortage right now. In all commodities, the Bloomberg Commodity Spot Index tracking 23 energy, Continue Reading
China’s restocking effort could be the next bullish catalyst for oil Vitol executive: China doesn’t appear to be as sensitive to high oil prices as South Asian nations are The Continue Reading
A trillion here, a trillion there: The headline figure in the latest analysis of the costs of achieving net-zero emissions, from McKinsey & Co., is a staggering $9.2 trillion a Continue Reading
Plans touted by the chief executives of the world’s biggest companies will only lead to a 40% reduction in average carbon emissions by mid-century, falling far short of the net-zero Continue Reading
The world’s shrinking glaciers contain less ice than previously estimated, according to a ground-breaking study that highlights a future of tight water supplies as climate change accelerates. Scientists for the first time measured the Continue Reading
Air pollution costs the Middle East and North Africa about $141 billion a year, or 2% of economic output, according to a World Bank report which urged nations to reform Continue Reading
Glaciers in the Andes shouldn’t be free of snow so early this time of year, but some are now bare. Warm conditions in January, including a scorching heat wave with Continue Reading
