On an average day, 1,000 workers head to dozens of construction sites spread over 119 miles across California’s vast Central Valley. Their task is monumental: Build the bridges and crossings Continue Reading
Participants attend the CERAWeek energy conference in Houston, Texas on March 7, 2022. CERAWeek is one of the largest and most influential global energy forums. Credit: Photo by Yi-Chin Lee/Xinhua Continue Reading
France is to introduce a rebate of 0.15 euros ($0.16) per litre of transport fuel to help drivers cope with soaring pump prices, Prime Minister Jean Castex said in an Continue Reading
War Sparks Deepening Food Supply Fears Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here . The Continue Reading
Fed takes center stage among eight members out of Group of 20 BOE, Brazil officials may hike rates in wake of U.S. move Zell Says Fed Should Stop Buying Securities, Continue Reading
Kristalina Georgieva A Russian sovereign default is no longer improbable, though it’s unlikely to trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said. With Russia and Continue Reading
Russia has asked China for military equipment to support its invasion of Ukraine, according to US officials, sparking concern in the White House that Beijing may undermine western efforts to Continue Reading
Hundreds of multinational corporations have cut ties with Russia as its military assault on Ukraine intensifies, bolstering the effects of western economic sanctions and redirecting their operations to serve desperate Continue Reading
EC had announced new proposals to phase out Russian fossil fuels Kobrinets heads European Cooperation department in Russian foreign ministry Dutch TTF prices remain at high levels on concern of Continue Reading
When the commodity’s price went vertical last week, the metals industry plunged into turmoil not seen since the Tin Crisis of 1985. The open-outcry trading ring at the London Metal Continue Reading
European natural gas prices extended last week’s slump on signs that talks to stop the war in Ukraine may advance, easing tensions over potential Russian supply curbs. Any progress in Continue Reading
A U.S. official said Russia asked China for military equipment to use in its invasion of Ukraine, a request that heightened tensions about the ongoing war ahead of a Monday Continue Reading
Tens of thousands of people rallied Sunday in cities across Europe to protest against Russia’s ongoing war in Ukraine, with small vigils taking place in Russia as well despite a Continue Reading
International efforts to sanction Russia for its invasion of Ukraine have magnified a long-running dilemma for the European Union: Its attempts to wean itself from coal have left it more reliant on Continue Reading
Russia has threatened to pay international bondholders in roubles rather than dollars just days before a key interest payment on its external debt comes due. Anton Siluanov, Russia’s finance minister, Continue Reading
Fresh talks between Kyiv and the Kremlin were set to resume Monday after a weekend of Russian attacks that threatened to widen the war — and unrelenting fighting that obstructed Continue Reading
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output. Russia’s difficulty in marketing its oil is likely to Continue Reading
Zero bidders. That was the outcome of a recent attempt to sell Russian crude typically favored by Asian buyers as more of the nation’s oil is shunned after its invasion Continue Reading
Oil prices settled higher on Friday but posted their steepest weekly decline since November, as traders assessed potential improvements to the supply outlook that has been disrupted by Russia’s invasion Continue Reading
Oil prices tumbled at the start of this week as fears of a major supply crunch were alleviated somewhat. Upward pressure remains, however, with geopolitical risks mounting and a nuclear Continue Reading
Global stocks of diesel and other middle distillates have fallen to the lowest seasonal level since 2008, when similar shortages of these transport and industrial fuels helped to propel oil Continue Reading
A guest post by Ovi Below are a number of oil, crude plus condensate (C + C ), production charts for Non-OPEC countries created from data provided by the EIA’s Continue Reading
Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters. The deal Continue Reading
World powers and Iran suspended their efforts to revive the 2015 nuclear accord, reigniting a crisis that’s set to impact already surging oil markets and potentially plunge the energy-exporting Persian Continue Reading
Negotiations in Vienna aimed at reviving the Iran nuclear deal were called off indefinitely Tuesday after a last-minute demand by Russia upended what diplomats had hoped was the final stretch Continue Reading
With all attention on the war in Ukraine, Libyan oil is once again coming under threat as the prospect of a renewed civil war intensifies amid the amassing of militia Continue Reading
Domestic airlines are currently groaning under acute scarcity of aviation fuel, popularly called Jet A1, with only few operators getting supplies from marketers. This is just as the Chief Executive Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
Tourists on Easter Island in December 2017. Rapa Nui, also known as Easter Island, is a 14-mile-long triangle of land that sits 2,300 miles west of Chile, making it one Continue Reading
Venezuela’s oil output could rise by at least 400,000 barrels per day (bpd) if the United States authorizes requests by state-run PDVSA’s partners to trade Venezuelan crude, the country’s petroleum Continue Reading
China will make full use of coal as a vital part of its energy strategy, leaders and officials said during the nation’s annual gathering of parliament this week, as it Continue Reading
Mainland China reported more than 1,500 new local COVID-19 infections on Saturday, the most since the initial nationwide outbreak at the start of 2020, as the Omicron variant prompts cities Continue Reading
Gas Prices Top $6 Per Gallon in California California, already the home of the nation’s most expensive retail gasoline, added another unhappy superlative with the biggest weekly jump in the Continue Reading
A flooded street in Miami Beach in September 2015, brought on by seasonal high tides and what many see as rising sea levels driven by climate change. Oceans along the Continue Reading
The G7 nations said they would end normal trade relations with Russia on Friday as part of a series of new measures to inflict economic punishment on Moscow for its Continue Reading
A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was confident that the Continue Reading
U.S. energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since Continue Reading
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country’s natural resources minister said on Thursday. Continue Reading
Ukraine’s two leading suppliers of neon, which produce about half the world’s supply of the key ingredient for making chips, have halted their operations as Moscow has sharpened its attack Continue Reading
President Joe Biden opened a new attack on Russia’s economy on Friday over its invasion of Ukraine, joining with allies to hit Moscow on trade and shut down development funds, Continue Reading
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine Continue Reading
JPMorgan, Goldman Sachs Lead Retreat From Russia Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling Continue Reading
Provoked by Russia’s invasion of Ukraine and its threat to cut off natural gas exports to Europe, the European Union says it intends to wean itself off Russian supplies entirely Continue Reading
Technology stocks extended their declines Friday, dragging broader indexes to weekly losses, as volatility reigned and inflation fears heightened. Stocks opened the day higher, as traders bought stocks after Russian Continue Reading
China and Russia have in recent years worked to reduce their reliance on Western financial systems, technology and markets, motivated by their leaders’ mutual desire to insulate themselves against the Continue Reading
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Credit Suisse to slash exposure to fossil fuels by half by 2030. The bank already reduced exposure to the industry by 41% between 2020 and 2021. Credit Suisse Has around Continue Reading
Oil Prices Near ‘Demand Destruction’ Territory, ConocoPhillips CEO Says Oil’s tumultuous rally paused after U.S. inflation rose to a fresh 40-year high, sparking worries that surging prices could hasten the Continue Reading
UBS: Would Stay Long Oil as Hedge Against Uncertainty Brent crude rose at the end of a week of unprecedented market swings as Russia’s war in Ukraine kept markets on Continue Reading
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and complicating the fight against Continue Reading
