Poland will probably raise interest rates for a seventh-straight meeting after inflation jumped into double digits even as concerns mount that war in neighboring Ukraine may hurt economic growth. Economists Continue Reading
Past a nudist beach and a sleepy marina, a gigantic mesh of metallic pipes rises from the pine forest behind the tiny village of Lubmin on Germany’s Baltic coast. If Continue Reading
Turning down the thermostat by just one or two degrees Celsius could save some 10 percent of the energy that the EU imports from Russia, the Financial Times reported in Continue Reading
The discovery is said to have excellent reservoir quality. Longboat Energy has announced a “significant” discovery at the Equinor operated Kveikje exploration well (35/10-8S) in license PL293B. The preliminary estimate Continue Reading
Eni and Sonatrach CEOs have met with the Algerian Prime Minister. Eni and Sonatrach CEOs have met with the Algerian Prime Minister as part of initiatives set to strengthen the Continue Reading
Crude oil futures were higher in mid-morning Asian trade April 5, extending strong overnight gains as markets continued to price in the possibility of an EU-wide ban on Russian energy Continue Reading
Oil is rising further after rallying above $100 a barrel. Oil rose as some European nations pushed for a discussion on the possibility of extending sanctions to Russia’s oil and Continue Reading
Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns of tighter global supply, while Continue Reading
The world’s leading climate finance experts and economists warned that too much money continues to pour into fossil fuels and too little is channeled to clean energy, putting the planet Continue Reading
The international goal to limit global heating to 1.5° Celsius (2.7° Fahrenheit) is officially on life support. A United Nations-backed panel of climate scientists warned in a new report released Continue Reading
In a normal year, November is the month when frozen water reconnects friends and families on Baffin Island in the Canadian Arctic. In the Inuktitut language, the word for November—Tusaqtuut—means Continue Reading
Almost every person on the planet is exposed to air pollution that exceeds safe limits, the World Health Organization warned as it launched a new air quality database. Ninety-nine percent Continue Reading
The jump in Saudi Arabia’s crude oil prices for its Asian customers is a real world example of how the Russian invasion of Ukraine is starting to force a realignment Continue Reading
A measure of Egypt’s non-oil economy dropped to the lowest in 21 months as inflationary pressures made worse by Russia’s invasion of Ukraine as well as a weaker currency led Continue Reading
Russia has long been a thorn in the side of any and all attempts by the U.S. to adopt a constructive realignment of its relationship with Iraq. Iraq’s Oil Ministry Continue Reading
The countrywide shortage of petrol continued to be felt on Monday despite the Government cautioning players in the market against hoarding the commodity. An immediate impact of the acute shortage Continue Reading
An alliance of opposition parties in Mexico is threatening a proposal for greater state control of the electricity market, saying on Monday it would vote against President Andres Manuel Lopez Continue Reading
Leaders from Argentina’s major transportation union said on Monday they will call for a national strike to demand an increase in grain freight rates, as higher fuel costs cause tensions Continue Reading
Exxon has made a final investment decision for the Yellowtail development offshore Guyana after receiving government approval. U.S. supermajor ExxonMobil has made a final investment decision for the Yellowtail development Continue Reading
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The Logistics Managers’ Index Continue Reading
Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Continue Reading
The volunteers in full protective gear — called big whites here in China — have packed up and moved on for the day; the apartment complex where I live is Continue Reading
Chinese authorities have extended their lockdown of Shanghai to cover all its 25 million people after a fresh surge in Covid cases. Until now, there had been separate measures for Continue Reading
High prices dampen battery metals demand Facing a fresh wave of COVID-19 outbreaks , China’s strict lockdown measures are dealing a huge blow to the NEV industry, just two weeks Continue Reading
New York Governor Kathy Hochul will soon release a budget that likely will include a plan to make New York the first state to ban natural gas and other fossil Continue Reading
Hertz Global Holdings Inc. plans to buy 65,000 electric vehicles from Polestar over the next five years, betting its renters are both EV curious and eager to drive brands beyond Continue Reading
Ford and GM recently introduced their first electric pickup trucks. WSJ auto reporter Mike Colias breaks down the different strategies the two legacy auto manufacturers are pursuing to bring their Continue Reading
There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits. The rapid rebound in consumer spending has overwhelmed supply chains, Continue Reading
The number of total active drilling rigs in the United States rose by 3 this week. Permian rig count rose by 4 this week. Gas rig count rose by 1 Continue Reading
Oil companies are receiving major criticism over recent profits as gasoline prices continue to soar. The truth, however, is that the number of rigs drilling for oil in the United Continue Reading
WTI Cushing trading near $100/b Rig count hits 30-month high at 45 Gas production at 25-month high Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling Continue Reading
Jones Act laws restrict USGC-to-USAC flows, support rail alternatives A restart of St. Croix refinery would boost gasoline, diesel supply US Atlantic Coast refiners could boost volumes of Bakken crude Continue Reading
Unprecedented bid levels send Buckeye benchmark to all-time high Unprecedented volatility spurred by the Russia-Ukraine conflict has catapulted the price of jet fuel in New York Harbor to all-time highs Continue Reading
More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaska oil field, forcing workers to evacuate and cutting production last month, operator ConocoPhillips Continue Reading
ZeroAvia, a developer of hydrogen-electric aviation, signed an MoU and announced a new partnership with the hydrogen fueling firm ZEV Station to develop green hydrogen refueling infrastructure for airports in Continue Reading
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard the security of gas supply. Gazprom Germania GmbH — owner of Continue Reading
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant Continue Reading
Australia, Britain, Canada, and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members Continue Reading
Gazprom Germania, an energy trading, storage, and transmission business ditched by Russia’s Gazprom on Friday, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said Continue Reading
The British-based subsidiary of Gazprom said Germany’s move to take control of its parent had removed any concerns about the viability and future of its operations, and it would look Continue Reading
A fire broke out on the Russian trunk gas pipeline Urengoi – Tsentr-2 in the Perm region, while gas was still being supplied in full via parallel lines, Interfax news Continue Reading
Russian gas deliveries via three key pipelines into Europe were little changed on Tuesday morning, with physical flows on the Yamal-Europe pipeline at the German border point of Mallnow at Continue Reading
Wheat futures in Chicago extended their climb from the lowest close in a month on Friday on prospects for more sanctions on Russia in response to allegations of war crimes Continue Reading
A cargo ship at the Port of Mariupol, loaded with grain destined for Turkey, in the month before Russia’s invasion of Ukraine. Deliveries from Ukraine and Russia, which account for Continue Reading
The U.S. Treasury has halted dollar debt payments from Russian government accounts at U.S. banks, increasing pressure on Moscow to find alternative funding sources to pay bond investors. The move Continue Reading
Russia’s private sector suffered “substantial declines” in activity last month as the impact of sanctions over the invasion of Ukraine and the plunge in the ruble triggered the sharpest drop Continue Reading
Gazprom PJSC released five clouds of super-warming methane gas last month while conducting repairs, highlighting the global warming impact of Russian natural gas European countries want to wean themselves off Continue Reading
A U.K. startup backed by China’s Tencent Holdings Ltd. proved a novel approach to generating fusion energy in a breakthrough that could slash the technology’s cost by providing cheap, clean Continue Reading
Poland signaled that it wants to use coal to produce electricity after 2049 to bolster its energy security, underscoring the challenge the European Union faces in its goal of achieving Continue Reading
Before Russia invaded Ukraine, Mike Bazhenov was eyeing a new MacBook for work and an SUV for his nature photography trips near Lake Baikal. Instead, the 30-year-old software developer bought 10 Continue Reading
