Some plants in Russia halt due to lower exports Feedstocks face pressure finding homes Refineries in Russia and Belarus are reducing throughput, with some halting production, as they have been Continue Reading
Oil major Shell and utilities Naturgy (NTGY.MC) and Verbund (VERB.VI) are preparing binding bids to buy renewable energy assets in Spain valued at about 1 billion euros ($1.1 billion), three Continue Reading
Crude oil futures were mostly steady in mid-morning Asian trade April 8, consolidating after recent heavy losses as the long-term outlook for oil prices remained bullish despite the US and Continue Reading
Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demand-sapping virus outbreak in top importer China and a hawkish turn from the U.S. Federal Reserve. Continue Reading
Investors see commodities as an inflation hedge. JPMorgan: Higher money allocations to the commodities asset class “would imply another 30% to 40% upside for commodities from here. So far this Continue Reading
A rocket attack on Wednesday night appeared to target a major oil refinery complex in Erbil operated by the Iraqi Kurdish company KAR Group. At least one rocket landed about Continue Reading
Forecast of 42 mil mt could be cut further 9% of area harvested Truckers’ strike poses huge logistical challenge The Argentinian soybean output forecast for 2021-22 crop year (November-October) is Continue Reading
Guyana is on track to produce more than 1 million bpd of crude by 2027. The size of the Guyana-Suriname basin may be bigger than anticipated. Besides deepwater oil, Suriname Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
Manufacturers are struggling to keep some of their China operations going as extended and widening Covid-19 lockdowns choke off supplies and clog up truck routes and ports, heaping more pressure Continue Reading
Nearly a week into a citywide lockdown to combat a Covid-19 outbreak , many of Shanghai’s 25 million residents turned to social media for help to get food, medicine or, Continue Reading
The continued rise in cases in Shanghai despite the lockdown underscores the challenge China is facing. China’s worsening Covid-19 outbreak and the extended lockdown in Shanghai has oil analysts cutting Continue Reading
The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth. The Continue Reading
The trucking industry has long been dealing with a shortage of drivers and high job turnover, but supply-chain bottlenecks have underscored the need for new recruits. Here’s how some companies Continue Reading
The House and Senate passed bills stripping Russia of its most-favored-nation trade status and approving a ban on Russian oil imports to punish Moscow over its invasion of Ukraine, sending Continue Reading
By a number of metrics, 2021 was the best year for renewable energy on record. The energy industry added as much as 37GW of new solar and wind capacity last Continue Reading
The United States Congress voted to ban the import of Russian crude oil, and to suspend normal trade relations with Russia, as the United States moves to increase its pressure Continue Reading
There are signs that Russia is continuing to export oil and gas despite western sanctions. Sign up here to get the latest updates on the Russian invasion of Ukraine. As Continue Reading
Nato member states have agreed to supply new types of advanced weaponry to Ukraine, alliance representatives said, as Kyiv prepares for an offensive by Russia in the country’s east. The Continue Reading
Russia’s invasion of Ukraine has pushed many Western countries to ban Russian crude. As a result, Russia’s massive fleet of oil tankers is being shunned by traders. With fewer tankers Continue Reading
A planned pipeline to carry natural gas from the Eastern Mediterranean to Europe is too expensive to build and will be late to help Europe diversify its gas supply away Continue Reading
Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made Continue Reading
Turkey buys over 7 mil barrels of Urals crude in March Urals flows also redirected to Asia, mainly China & India Russia’s flagship Urals crude has been shunned by its Continue Reading
Crude oil production by OPEC and its allies fell in March from February for the first time in more than a year, the latest S&P Global Commodity Insights survey found, Continue Reading
Surging prices and the EU’s goals of becoming less dependent on Russia will catapult global energy spending this year to $2.1 trillion. Surging oil, gas, and power prices together with Continue Reading
Crude oil futures were higher in mid-morning Asian trade April 7 as investors returned to buy the dips after news of IEA members agreeing to a 120 million barrels oil Continue Reading
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight Continue Reading
Crude oil prices fell today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to April 1. This compared with a draw of Continue Reading
International Energy Agency member countries have agreed to release 120 million barrels of oil from storage, which includes 60 million barrels from the US, as part of its overall draw Continue Reading
Global oil supply, demand and prices have become clear, despite the fog of war. Global oil supply, demand and prices have become clear, despite the fog of war, according to Continue Reading
Attack near Kawirgosk oil field leaves no damage or casualties Rockets launch from Mosul in federal Iraq Incident follows March 13 attack on Kar Group compound Three Katyusha rockets targeted Continue Reading
India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its Continue Reading
Sky-high gas prices and market volatility is weighing on Argentina. Despite being one of the most gas-rich countries in the world, Argentina is facing a massive fuel shortage. Years of Continue Reading
China’s oil demand is estimated to rebound to 14.26 million barrels per day (bpd) in the second quarter of 2022 after the country’s zero-COVID policy dampened consumption in the first Continue Reading
A spate of lockdowns in Shanghai and other Chinese cities is piling severe pressure on transport and logistics across the country, exacerbating the economic fallout of the government’s commitment to Continue Reading
The government has been under pressure to quickly deliver food supplies to residents Some residents under lockdown in Shanghai say they are running out of food, amid the city’s biggest-ever Continue Reading
The combined feedstock imports for China’s independent refineries in March recovered 6.7% to 14.055 million mt from the four-month low in February, but the trend is unlike to sustain in Continue Reading
Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and Continue Reading
U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend Continue Reading
At least a dozen U.S. shale gas executives met on Wednesday with European energy officials to discuss expanding U.S. fuel supplies to Europe amid a scramble to replace Russian imports. Continue Reading
U.S. President Biden canceled the controversial Keystone XL pipeline in 2021. As oil shortages weigh on global domestic markets, some lawmakers are urging Biden to rethink his decision. Energy insecurity Continue Reading
NextDecade Corporation signed on Wednesday another long-term agreement for a U.S. exporter to sell liquefied natural gas (LNG) to China in the most recent deal between American and Chinese firms. Continue Reading
Storage hits season-low at 153 Bcf deficit to average Gulf Coast LNG feedgas demand up 2 Bcf/d vs. 2021 Salt dome drawdown possibly extended this season As gas storage levels Continue Reading
Aurora Innovation and Werner Enterprises, a premier transportation and logistics provider, announced a collaboration and commercial pilot to test and deploy safely autonomous trucks on one of the most commercially Continue Reading
Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation Continue Reading
EU May Need Sanctions on Russian Oil, Gas, Michel Says The U.S., European Union and Group of Seven are coordinating on a fresh round of sanctions on Russia, including a Continue Reading
Von Der Leyen Outlines New Sanctions on Russia Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here Continue Reading
Habeck Says Germany Will Nationalize Gazprom Unit Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply. Continue Reading
European Union envoys are set to approve on Thursday a ban on Russian coal that would take full effect from mid-August, a month later than initially planned, two EU sources Continue Reading
Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow’s demand for Continue Reading
