U.S. President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces, two U.S. officials Continue Reading
2021 was the deadliest year in U.S. history, and new data and research are offering more insights into how it got that bad. The main reason for the increase in Continue Reading
Consumers are growing savvy to shrink flation, the practice of downsizing the contents of a product rather than raising prices. So companies are getting creative. WSJ’s Annie Gasparro explains how Continue Reading
Forecast Highlights Global liquid fuels The April Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s further invasion of Ukraine. This STEO Continue Reading
Highlights Survey calls for an undersized injection of 10 Bcf Henry Hub 2022 futures approach $7/MMBtu Following a rocky start to the US natural gas storage injection season, milder weather Continue Reading
Production estimated at the highest level since 2019 Gas loses stack share to coal amid high prices Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration Continue Reading
Vitol says volumes will drop this quarter, cease by year-end Trader joins other firms and countries shunning Russian oil Vitol Group, the world’s top independent oil trader, intends to completely Continue Reading
The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a Continue Reading
An immediate interruption in Russian energy supplies over the war in Ukraine could jeopardize 220 billion euros ($240 billion) of German output over the next two years, a report warned. Continue Reading
Western weaponry pouring into Ukraine helped blunt Russia’s initial offensive and seems certain to play a central role in the approaching, potentially decisive, battle for Ukraine’s contested Donbas region . Continue Reading
Dutch project would make 75,000 tons of clean ammonia a year The clean gas seen as key to cut emissions from industries The Orsted A/S Borssele offshore wind farm near Continue Reading
Renewable energy prices are rising in Europe as companies turn to green energy to cut emissions and hedge against rising fossil-fuel prices, but are still a fraction of wholesale power Continue Reading
For the first time since July 2020, Russia’s crude oil production has slipped below the 10 million bpd mark on Monday, two anonymous Reuters sources suggested. The decline in Russia’s Continue Reading
After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam Continue Reading
It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe. Daily earnings for tankers shipping oil from Russia’s Baltic Continue Reading
Crude oil futures were higher in mid-morning Asian trade April 12, regaining ground lost in overnight trading after jitters over rising COVID-19 cases in China and upcoming oil reserve releases Continue Reading
Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to Continue Reading
Oil staged a partial recovery, after dropping 4% on Monday, as traders weighed China’s demand outlook following the easing of some virus restrictions in the financial hub of Shanghai. West Continue Reading
An attack Sunday night caused an explosion in the vicinity of a key pumping station on Iraqi Kurdistan’s oil export pipeline, just four days after a rocket struck near a Continue Reading
The Marcell Experimental Forest in northern Minnesota. Scientists are simulating different climates in these glass chambers to better understand how boreal forests will respond to rising temperatures. Credit: Oak Ridge Continue Reading
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to Continue Reading
Indian Oil Corp (IOC) (IOC.NS) has excluded several high-sulfur crude grades, including the Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants Continue Reading
Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials Continue Reading
India ramped up crude oil purchases from Russia despite warnings from Washington not to do so. India’s relations with the U.S. seemed to have improved during a brief struggle with Continue Reading
Venezuela is scrambling to ramp up its oil production to help tackle global supply constraints. There is a growing concern that state-owned PDVSA is reaching its production capacity. Some analysts Continue Reading
China’s Premier Li Keqiang issued a third warning about economic growth risks in less than a week, suggesting heightened concern about the outlook as widespread Covid lockdowns disrupt production and Continue Reading
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases Continue Reading
China’s factory-gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest Continue Reading
IPhone assembler Pegatron Corp. suspended production at its Chinese plants in Shanghai and Kunshan as the country’s policies to control the worst virus outbreak in two years disrupt global supply Continue Reading
Some residents of Shanghai were allowed out of their homes as the city of 25 million eased a two-week-old shutdown Tuesday after videos posted online showed what was said to Continue Reading
U.S. President Joe Biden will unveil plans on Tuesday to extend the availability of higher biofuels-blended gasoline during summer to curb soaring fuel costs and to cut reliance on foreign Continue Reading
Chevron Corp (CVX.N) and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at the company’s Richmond, California, refinery, a Continue Reading
US consumer price growth is expected to have surpassed 8 percent in March following a surge in energy and food prices following Russia’s war on Ukraine, bolstering expectations the Federal Continue Reading
Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson (ERICb.ST) , which said on Monday it was Continue Reading
The tightest U.K. labor market in living memory is failing to tempt people back into work, creating severe shortages for employers. Unemployment is at levels last lower in the 1970s, Continue Reading
European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall on Tuesday. Orders dropped to about 68% of the amount that Continue Reading
Monica Kariuki is about ready to give up on farming. What is driving her off her 10 acres of land outside Nairobi isn’t bad weather, pests or blight — the Continue Reading
Elvira Nabiullina spent eight years modernizing Russian monetary policy and forging bonds with global markets. In the past six weeks, she took apart much of what she created for a Continue Reading
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices, Continue Reading
Germany, UK step up commitments on solar, wind energy Europe looks for alternative sources of thermal coal Gas-generation pushing out coal in EU-10: S&P Global As the flow of coal Continue Reading
Oil prices dropped by more than $2 a barrel on Monday after a second straight weekly decline on plans to release record volumes of crude and oil products from strategic Continue Reading
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases Continue Reading
Seated around the dining table, the family of four stares blankly at pictures of food sketched on the tablecloth. “Tonight,” the father says, “we’re coloring for dinner.” The scene in Continue Reading
China is defending its Zero-Covid strategy as the U.S. asks Americans to reconsider travel to China. Bloomberg News China’s largest Covid-19 outbreak in two years continues to spread despite an Continue Reading
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths Continue Reading
Shanghai eased a lockdown for 43% of its housing complexes, a sign the financial hub is tentatively exiting an unprecedented disruption that strained the economy and wrought havoc on residents’ Continue Reading
Bulk carrier positions as of April 11 mapped in yellow Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain Continue Reading
The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the Continue Reading
Inflation in China picked up in March as soaring global commodity prices and lockdowns in major cities drove up prices for consumers and businesses. The overall inflationary picture in China Continue Reading
Chinese refineries will slash throughput in April and lift oil product exports from initial plans to compensate for falling domestic demand due to COVID-19 lockdowns. As a result, 10 refiners Continue Reading
