A dead giant sequoia tree after the Castle Fire in Sequoia National Forest, California. What do Unilever Plc , Alphabet Inc. ’s Google and Amazon.com Inc. have in common? Their Continue Reading
Crudes from the Middle East are off to a strong start this month as a major divergence in global benchmarks favors grades priced off Dubai oil, highlighting strong global demand Continue Reading
According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergies The first of these projects is Continue Reading
Oil rigs The International Monetary Fund (IMF) has once more advised Nigeria’s federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could Continue Reading
The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close Continue Reading
Rosneft signs 10-year pipeline crude supply deal with CNPC Inflows to help boost throughput in the region, fill SPRs Russian crude accounted for 15.5% market share in China in 2021 Continue Reading
Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy Continue Reading
China’s dependency on coal is likely to worsen this year as the authorities struggle to rein in prices after the Lunar New Year break. Chinese miners dug up more than Continue Reading
Apartment buildings at a residential project in Shanghai, China. Bloomberg News China eased a year-long cap on loans for the real estate sector to fund public rental housing, the latest Continue Reading
Residents wearing face masks to help protect from the coronavirus ride an electric scooter along a street decorated with red lanterns in Beijing, Tuesday, Feb. 8, 2022. China has ordered Continue Reading
U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale Continue Reading
Oil prices have yet another reason to remain elevated as cold winter weather and refiners struggle to keep up with the rising demand for heating oil and diesel. Heating oil Continue Reading
While gasoline prices continue to be a troubling political factor for the Biden Administration, the recent inclement weather in refinery country on the U.S. Gulf Coast has caused two major Continue Reading
After hitting a peak of $3.45 per gallon last week, the national average U.S. gasoline prices are expected to calm down significantly this week due to price cycling, Patrick De Continue Reading
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with Continue Reading
U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as Continue Reading
France has enough secured gas supplies to get through this winter, French European Affairs Minister Clement Beaune told France 2 TV on Tuesday, adding this was the case in “any Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. European natural gas prices rose after U.S. President Joe Biden said the controversial Nord Continue Reading
French officials said Vladimir Putin had moved towards de-escalating the Ukraine crisis by promising not to undertake any new “military initiatives” and agreeing to withdraw thousands of Russian troops from Continue Reading
A wind farm has for the first time secured a deal to help balance voltage in the U.K.’s electricity grid. North Sea wind farm Dogger Bank C’s onshore converter station Continue Reading
If the natural gas flows from Russia via Ukraine were to stop in an escalation of the Russia-Ukraine crisis, LNG imports would be enough to replace the flows to Europe Continue Reading
Von der Leyen hits out at ‘strange’ Gazprom behavior Russia has ‘one-dimensional’ economy focused on fossil fuels Creates energy security partnership with US The European Commission has intensified its criticism Continue Reading
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year Continue Reading
Crude oil futures started the week steady to higher in mid-morning trade in Asia Feb. 7, riding on the bullish momentum from the last seven weeks as supply concerns remained Continue Reading
Nick Oxford Brent hits $94 a barrel, its highest since October 2014 Oil to hit $100 on demand, Russia-Ukraine crisis -strategists Russia could invade Ukraine but diplomatic path is open Continue Reading
Highlights Vienna talks remain top global oil supply risk in 2022 Platts Analytics sees interim deal returning 700,000 b/d The US-Iran talks remain far from certain to reach a deal Continue Reading
Iran also expanding refining capacity China to invest $20 bil in oil sector Refining capacity to serve petrochemicals Iran will become a gasoline and gas oil importer in the next Continue Reading
Fitch Solutions, an affiliate of global rating agency, Fitch, has predicted that Nigeria’s weak performance in the oil and gas sector may continue to slow down the country’s economy in Continue Reading
Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms Continue Reading
Rio Tinto’s decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the Continue Reading
Peru’s environmental inspector, responding to fuel supply shortages, on Saturday authorized the temporary resumption of hydrocarbon loading and unloading operations at sea at a refinery owned by Spain’s Repsol (REP.MC) Continue Reading
A Tesla Model 3 inside the company’s showroom in Shibuya. Tatsuya Arai, a 36-year-old entrepreneur in Tokyo, never saw the appeal of owning a car until he watched a YouTube Continue Reading
Panama Canal transit delays also a factor in cancellations Sources hopes arbitrage reopens as Asia prices recover, freight weakens Some expect cancellations to slow only after March loadings Up to Continue Reading
Asian refiners are broadly unfazed by the escalating tensions between Washington and Moscow as the companies do not expect any severe disruption to Russian crude trades in the region, while Continue Reading
People wearing protective masks ride bicycles, as the coronavirus disease (COVID-19) pandemic continues, in Beijing, China January 30, 2022. REUTERS/Tyrone Siu BEIJING, Feb 7 (Reuters) – Authorities in China’s southwestern Continue Reading
Workers load mail into delivery vehicles outside a USPS distribution center in Chicago, Illinois. The U.S. Postal Service said it could buy more electric vehicles if more funding were available, Continue Reading
At a groundwater cleanup facility in Los Angeles, water will pass through tanks that remove any remaining hydrogen peroxide, producing water that is safe to drink. L.A. Mayor Eric Garcetti’s Continue Reading
EV sales accounted for 8.6% of the global light-duty vehicle market, compared to just 2.5% in 2019, as per a new International Energy Agency report. Oil and gas investors will Continue Reading
A group of Democrat Senators has just sent a letter pleading for the Biden Administration to limit U.S. LNG exports while the Department of Energy conducts a review of the Continue Reading
With the world pivoting towards net-zero emissions, the aviation industry is being forced to adapt. New startups and industry giants alike are racing to create all-electric aircrafts. While aerospace companies Continue Reading
Alternative Energy Engineers from the University of Delaware developed a method for effectively capturing 99 percent of carbon dioxide from the air using an electrochemical system powered by hydrogen, a Continue Reading
Brussels is examining how to shield consumers from a potential energy crisis as part of plans to protect Europe’s households, businesses and borders from the fallout from a Russian military Continue Reading
Gas prices have recovered from a January slump following the shutdown of a key European pipeline. Rising tensions in Ukraine could add further upward pressure on the already-tight market in Continue Reading
Oil rocketed to a fresh seven-year high above $92 a barrel, and almost every indicator is pointing to the rally extending. The market’s structure is trading at its strongest level Continue Reading
Both Brent and WTI hit seven-year highs above $93/bbl Oil registers longest stretch of weekly gains since October Oil to hit $100 on-demand, Russia-Ukraine crisis -strategists WTI six-month backwardation at Continue Reading
Diesel prices move higher with inventories low in U.S., Europe Oil rocketed to a fresh seven-year high above $92 a barrel, and almost every indicator is pointing to the rally Continue Reading
If the world is going to make a dent in emissions of methane, a potent planet-warming gas, targeting the largest emitters would likely be the most cost-effective. But there’s a Continue Reading
Saudi Arabia raised oil prices for its main market of Asia after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased pricing for all grades for Asian Continue Reading
Saudi Arabia has restarted plans to list more shares of Aramco, the world’s most valuable oil company, according to people familiar with the company’s strategy, with an ambition to sell Continue Reading
Turkey is interested in resuming talks with Israel about using Israeli natural gas and transporting it to Europe, Turkish President Recep Tayyip Erdogan said on Friday, as carried by the Continue Reading
