Moderna Inc. Covid-19 vaccine booster shots. Hong Kong’s leader has deflected blame for the failure to get the elderly vaccinated against Covid-19, while a new survey found that nearly half Continue Reading
In February, Russia’s President Vladimir Putin and China’s Xi Jinping declared that their friendship had no limits. Now, the war in Ukraine is testing that relationship. WSJ’s Shelby Holliday explores Continue Reading
China is fighting the worst Covid outbreak since 2020, and analysts are considering a revision of their oil demand forecasts as refineries reduce run rates and lockdowns hurt consumption. According Continue Reading
Capacity offline in March lower than a year earlier Higher oil product yield to partly offset run cut Shandong independent refineries cut runs to 56% China’s crude throughput in March Continue Reading
A freight train carrying medical supplies bound for Madrid departs the city of Yiwu, in China’s Zhejiang Province, in June 2020. More than a million containers set to ride 6,000-plus Continue Reading
The United States plans to accept up to 100,000 Ukrainians fleeing Russia’s invasion and is pledging $1 billion in new humanitarian aid, the Biden administration said on Thursday after a Continue Reading
U.S. President Joe Biden said he thinks Russia should be removed from the Group of Twenty (G20) major economies and the topic was raised during his meetings with world leaders Continue Reading
Canada has the capacity to increase oil and gas exports by up to 300,000 barrels per day (bpd) by the end of 2022 to help improve global energy security following Continue Reading
Negotiators for Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet next week in an effort to end a strike at a San Francisco-area refinery, spokespeople Continue Reading
The dollar’s share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to diversify their Continue Reading
As coronavirus infections rise in some parts of the world, experts are watching for a potential new COVID-19 surge in the U.S. — and wondering how long it will take Continue Reading
Startlingly large amounts of methane are leaking from wells and pipelines in New Mexico, according to a new analysis of aerial data, suggesting that the oil and gas industry may Continue Reading
Crude oil production in the United States grew faster during the first quarter of the year, the Dallas Fed reported in its quarterly industry survey, noting that costs also increased. Continue Reading
US natural gas in storage dropped by less than expected in what might be the final draw of the heating season, yet Henry Hub futures continue to build on recent Continue Reading
Highlights Eagle Ford count is 68 for the week, up 2 Total rig count sees first loss since end-2021 Pace of rig adds in 2022 at about 20/month The US Continue Reading
Highlights Canadian pipeline bottleneck ended Q4 2021 More pipeline, rail and barge projects in progress Canadian volumes ramping up, but not dramatically As crude oil prices have surged, so to Continue Reading
Ukrainian troops are recapturing towns east of the capital Kyiv and Russian forces who had been trying to sieze the city are falling back on their overextended supply lines, Britain Continue Reading
Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine said on Continue Reading
The European Union and United States unveiled a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), as leaders of the European bloc meet to curb Continue Reading
The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off Continue Reading
The Swiss trading arm of Russian energy giant Lukoil (LKOH.MM) has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in Continue Reading
The European Union and the United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), sources told Reuters, as the Continue Reading
German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the Continue Reading
Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg Continue Reading
European natural gas fell in anticipation of more liquefied natural gas supplies heading to the continent from the U.S. Benchmark gas futures declined 7%, after settling 4.6% lower on Thursday. Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
OPEC: EU oil embargo on Russia to hurt consumers. OPEC+ and OPEC have not officially commented on the Russian invasion of Ukraine. Nothing is off the table about additional EU Continue Reading
The association of German utilities is calling on the federal government to create a system for early warning about a potential drop in gas supply, noting that there are “serious Continue Reading
As part of drafting contingency plans to meet natural gas demand, the European Union is currently assessing all scenarios, including the possibility of a halt in Russian gas supply to Continue Reading
Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a Continue Reading
Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. Brent futures were down Continue Reading
Damage at the CPC terminal in Kazakhstan may take up to 1 million bpd of crude oil off the market. Trafigura’s co-head of oil trading Ben Luckock said that an Continue Reading
Oil fluctuated as investors weighed threats to supplies from the month-old war in Ukraine, with President Joe Biden set to address the crisis on a key trip to Europe that Continue Reading
Some of the world’s most respected oil traders have predicted crude prices could climb beyond $200 a barrel this year owing to a growing international boycott of Russia and a Continue Reading
Crude oil prices continued up today after the Energy Information Administration reported a crude oil inventory draw of 2.5 million barrels for the week to March 18. This compared with Continue Reading
Brent oil will likely hit $150 a barrel this year as the supply shock from the war in Europe coincides with resilient demand from people keen to travel after the Continue Reading
When it comes to commodities, Russia’s invasion of Ukraine is a huge deal for the crop—and food more broadly. Photographer: Jonathan Alpeyrie/Bloomberg When it comes to commodities, Russia’s invasion of Continue Reading
Buyers in the West are shunning Russian oil, sparking fears of a potential supply shortage. Some experts are warning that pulling Russian oil off the market could result in a Continue Reading
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
Russian officials announced this week sea storms had caused major disruption to Kazakh oil flows to global markets, leaving traders scrambling to find out the extent of the damage. The Continue Reading
A consortium operating the pipeline that Kazakhstan uses to export the bulk of its oil has said the route may be largely unusable for up to two months because of Continue Reading
NAGAON, India (AP) — Plans to build a sprawling solar park on land cultivated for generations by indigenous farmers in India’s Himalayan foothills erupted in violent clashes with police last Continue Reading
Highlights TGS to add 17 million cu m/d of capacity Another project planned with 44 mil cu m/d capacity Developments raising export expectations Transportadora de Gas del Sur, or TGS, Continue Reading
North Korea conducted what is thought to be its largest intercontinental ballistic missile (ICBM) test ever on Thursday, militaries in South Korea and Japan said, marking a dramatic end to Continue Reading
China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Unlike India’s state-run oil refiners, which have issued a number of Continue Reading
Chinese internet users called it a “proxy war”: three weeks ago, two pensioners in a Shanghai park got into a fight over the Ukraine conflict that left Russia backing Shen Continue Reading
Geely is examining its future in Russia, casting doubt on expectations that China’s carmakers would push further into the country to take advantage of the exodus of international groups following Continue Reading
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global Continue Reading
Russia plans to demand ruble payments for natural gas purchases from European nations, deepening its standoff with the west and potentially aggravating Europe’s worst energy crunch since the 1970s. Gas Continue Reading
Data has historically been sparse on the impact of industrial facilities near tribal land. Although air pollution in the U.S. had been on a steady decline over the last two Continue Reading
