How Russia-China Relations Could Impact Energy Market It’s getting harder to deal in some of the world’s most important commodities as everything from geopolitical turmoil to exchange snafus prompt traders Continue Reading
This was supposed to be the year the world economy recovered from the shock of Covid-19. By the end of 2022, official forecasters expected the US, European and Chinese economies Continue Reading
The International Energy Agency has released a 10-point plan aimed at reducing global oil consumption by as much as 2.7 million barrels daily. The focus of the measure that the Continue Reading
The coldest location on the planet has experienced an episode of warm weather this week unlike any ever observed, with temperatures over the eastern Antarctic ice sheet soaring 50 to Continue Reading
Antarctic sea ice recently reached its lowest concentration on record — falling below 2 million square kilometers (772,000 square miles) for the first time in 43 years of satellite observations. Continue Reading
India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the Continue Reading
Compliance with OPEC+ output cuts jumps to 136% in February. For more than seven months now, OPEC+ has actually added lower volumes to the market than the projected 400,000 bpd Continue Reading
Highlights Birol urges ‘good’ response at next OPEC+ meeting March 31 Japanese PM latest to talk with Saudi crown prince on output Birol says countries need to show they are Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for March 2022 was published this week. The last month reported in each of the charts that follow is February 2022 and output Continue Reading
Joe Biden and Xi Jinping failed to bridge their differences over the Ukraine war, with the US president warning of “consequences” if Beijing provided military aid to the Kremlin while Continue Reading
A Covid-19 testing facility set up at a community center in Shanghai.Photographer: Qilai Shen/Bloomberg Bloomberg News China reported its first Covid-19 deaths since January 2021 as the omicron variant continued Continue Reading
Highlights Only Norinco, Sinopec, ChemChina exported gasoil in Feb Gasoline exports also fall 47% on year in Jan-Feb Jet fuel exports jump 40% amid slow domestic demand China’s gasoil exports Continue Reading
Biden tells Xi China would face costs from U.S. and wider world Xi says sanctions could trigger serious crisis in global economy Xi and Biden both stress need for diplomatic Continue Reading
Fertilizer prices continue to surge to records as Russia’s invasion of Ukraine puts a massive portion of the world’s fertilizer supply at risk, adding to concerns over soaring global food Continue Reading
California’s urban water users and farmers who rely on supplies from state reservoirs will get less than planned this year as fears of a third consecutive dry year become reality, Continue Reading
Jim Hourdequin is one of the planet’s biggest sellers of carbon offsets—the widely used instruments that are supposed to act as a balm for the rapidly overheating climate. His company Continue Reading
U.S. energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion Continue Reading
For parched areas of the western United States, spring is unlikely to offer relief. Rather, historic drought conditions will probably worsen, the National Oceanic and Atmospheric Administration announced Thursday in its Continue Reading
As the war in Ukraine has raised oil prices and launched Western leaders on a global hunt for new sources of energy, environmentalists have tried to leverage the chaos in energy markets Continue Reading
Renewable power generation is set to more than double its share in America’s electricity to 44 percent in 2050 from 21 percent now, as wind and solar installations are expected Continue Reading
Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates Continue Reading
The U.S. Commerce Department on Friday moved to effectively ground 100 airplanes that have recently flown to Russia and are believed to violate U.S. export controls, including a plane used Continue Reading
U.S. oilfield services companies Halliburton Co (HAL.N) and Schlumberger said on Friday they havesuspended or halted Russia operations in response to U.S. sanctions over Moscow’s invasion of Ukraine. The disclosures Continue Reading
French utility Engie said it will work with Belgium to study extending nuclear power in the country until 2035, responding to the country’s decision to review its energy policy announced Continue Reading
Russian energy giant Gazprom said on Saturday it has continued gas supplies to Europe via Ukraine in line with requests from European consumers. It said the requests stood at 106.6 Continue Reading
Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil product Continue Reading
Hundreds of Greek farmers, some on tractors, protested in Athens on Friday, demanding more tax cuts and subsidies to combat high fuel and fertilizer prices which have soared since Russia’s Continue Reading
WoodMackenzie: European gas storage levels will likely be within the five-year range by the end of this winter. If Russian flows continue, the European Union (EU) and the UK will Continue Reading
If the European Union decides to impose a full oil and gas embargo on Russia, the shock waves of the move would end up costing the UK economy more than Continue Reading
Russian troops in Ukraine are seizing and destroying agricultural machinery, fertilizer, seeds and fuel stocks, according to several farmers in Ukraine, putting in danger the new crops from one of Continue Reading
Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the specter Continue Reading
Oil extended gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Continue Reading
IEA: market could lose around 3 million bpd of supply from Russia starting in April. Sanctions come at a time that OECD crude inventories were already well below their 5-year Continue Reading
Oil Minister Ihsan Ismaael’s efforts to resurrect the Iraqi National Oil Company (INOC) are facing increasing political opposition, raising doubts as to whether the fledgling company will survive in its Continue Reading
Uzbekistan has broken ranks among its Central Asian peers, who have pointedly refrained from adopting explicit positions on Russia’s war, by stating that it recognizes Ukraine’s territorial integrity and that Continue Reading
Russia has exported 360,000 barrels a day of oil to India in March so far, nearly four times the 2021 average as buyers weigh up major discounts against public opinion Continue Reading
The war in Ukraine has created an especially volatile oil market, and the Biden administration is racing to counter rising prices. The United States needs to replace as much as Continue Reading
Oil storage containers are seen on the shore of the Mediterranean Sea in the southern city of Ashkelon January 27, 2015. REUTERS/Amir Cohen NEW DELHI, March 18 (Reuters) – Iran Continue Reading
The Chinese commercial hub of Shanghai is pushing ahead with a mass testing initiative as it tries to curb a new spike in COVID-19 infections, but some districts were easing Continue Reading
Only half of Chinese aged 80 and older are fully vaccinated against Covid-19, highlighting the risks as President Xi Jinping’s government tries to contain omicron outbreaks nationwide. About 51% of Continue Reading
Even as authorities lock down cities in China’s worst outbreak in two years , they are looking for an exit from what has been a successful but onerous COVID-19 prevention Continue Reading
China’s relationship with Russia is quickly becoming a thorn in the side of President Xi Jinping. Beijing’s unwillingness to condemn Russia for its aggression in Ukraine could push it further Continue Reading
Highlights Panjin North Asphalt Fuel cuts throughput amid feedstock shortage Ports, refineries in eastern China operating normally Restrictions aimed at containing a COVID-19 outbreak in northeast China have impacted crude Continue Reading
LNG terminals enforce COVID-19 testing; mobility restrictions limit sales Trucked LNG loadings drop in northern, southern provinces High prices exacerbate impact on downstream gas demand Trucked LNG loading schedules have Continue Reading
The talks on Friday come as the Biden administration has become increasingly concerned about China’s possible willingness to assist President Vladimir Putin’s invasion, which enters its 23rd day with Russia’s Continue Reading
A flurry of high-profile coronavirus cases in the nation’s capital — including in people who have been around President Biden — has raised new questions about the trajectory of the Continue Reading
Sky-high oil prices have left both America’s oil industry and its President pointing fingers at one another. Biden has repeatedly called on the oil industry to increase production, but the Continue Reading
All basins decrease output as shoulder season approaches IB, CAPP production drop 8.1% each Weekly US coal production fell 5.5% on the week to 11.3 million st in the week Continue Reading
Active rig counts in US basins continue to grow with operators adding 11 for the week ending March 16 and 75 year to date, Enverus data showed, as the war Continue Reading
The Henry Hub summer strip rose above $5/MMBtu following US natural gas storage fields withdrawing greater volumes than the market expected. Receive daily email alerts, subscriber notes & personalize your Continue Reading
