Met exports at six-year low for corresponding month Thermal coal shipments decrease 23.5% on month Coal exports from Ridley Terminals in British Colombia dropped to 373,310 mt in March, down Continue Reading
US refiners seek remedy for high gasoline prices High RFS costs shut refineries, cuts supply E15 waiver directly helps Midwestern drivers US refiners are taking their plea to the public Continue Reading
Russian gas producer Gazprom (GAZP.MM) was supplying natural gas to Europe via Ukraine on Saturday in line with requests from European consumers, RIA news agency reported. Requests stood at 48.6 Continue Reading
Russia plans to take full control of Donbas and southern Ukraine during the second phase of what it calls its special military operation, the deputy commander of Russia’s central military Continue Reading
Russian troops are pressing their offensive in the eastern Donbas region in an attempt to fully seize Ukraine’s industrial heartland but have made little headway as fierce Ukrainian counterattacks have Continue Reading
The last time Russia invaded Ukraine, in 2014, outraged world leaders booted Russia out of the Group of Eight industrialized nations, which quickly rebranded itself the Group of Seven. Eight Continue Reading
Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change Continue Reading
Supermarkets across the UK have placed limits on how much cooking oil customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Tesco is allowed three items Continue Reading
The consequences of harsh economic sanctions against Russia are already being felt across the globe. WSJ’s Greg Ip joins other experts to explain the significance of what has happened so Continue Reading
A senior Russian military commander said Russia aimed to seize the whole of Ukraine’s Donbas region and capture territory linking it to the annexed Crimean peninsula. Russian troops began a Continue Reading
The Ukrainian government appears to have begun a parallel effort to punish Russia by publishing the names of Russian soldiers and agents of the F.S.B., a major Russian intelligence agency.Maxim Continue Reading
Senior White House advisor: Europe is determined to ban imports of Russian oil and gas. Yellen: full ban of Russian crude could have unintended consequences to the U.S. economy. Europe’s Continue Reading
Gazprom’s natural gas sales to Europe this year could drop by 40 billion-45 billion cubic meters (bcm) from around 150 bcm in 2021. Supply risk is increasing as the war Continue Reading
Companies in the EU may have discovered a way to pay for Russia’s gas in rubles without violating sanctions, the European Commission said on Friday. The companies would need to Continue Reading
Some members of the European Union stand ready to veto any bloc-wide attempts to impose an oil embargo on Russia, Russia’s TASS reported , citing an interview with the EU Continue Reading
Putin approved new ruble payment scheme March 31 EC warns of legal implications of new mechanism EC sent new guidance to member states April 21 The European Commission believes it Continue Reading
Oil headed for its third weekly loss in four as lockdowns in virus-hit China dragged on and the Federal Reserve signaled that monetary policy will be tightened aggressively to contain Continue Reading
Climate change campaigners planned a wave of protests for Earth Day on Friday, pushing demands such as an immediate halt to European imports of Russian oil and gas and an Continue Reading
Even before Russia invaded Ukraine and sent oil prices into the stratosphere, the oil market was dealing with a serious supply issue. According to some analysts, when the war in Continue Reading
Global food prices have just hit their highest recorded levels. Russia and Ukraine account for as much as 30% of global wheat exports, and 20% of maize exports. Analysts at Continue Reading
As the global energy transition continues to accelerate, the demand for key battery metals is soaring and demand is struggling to keep up. The inconvenient truth of the energy transition Continue Reading
The world looks different months after leaders vowed in November at a U.N. climate summit in Glasgow, Scotland, to redouble their efforts to slow Earth’s warming. The coronavirus pandemic has dragged on, upending Continue Reading
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due to a major increase in Continue Reading
Stiffening resolve after three weeks of strict lockdown, authorities warned Shanghai’s 25 million frazzled residents on Friday that their purgatory would go on until the COVID-19 virus was eradicated neighborhood Continue Reading
Fuel consumption in April to drop 20% from year ago: sources Shanghai vows to step up enforcement of Covid-19 restrictions Near-empty roads during a Covid-19 lockdown in Shanghai, on April Continue Reading
When will China build its last coal-fired power plant? That’s the question environmental advocates have been asking ever since Chinese leaders pledged ahead of climate negotiations in Glasgow, Scotland, last Continue Reading
The latest round of measures includes mass disinfection of homes and preventing those infected from leaving their residences Authorities in Shanghai have said they will tighten the enforcement of lockdown Continue Reading
While China is making some major investments in solar and wind, it is struggling to shed its reliance on coal. Soaring demand has made it especially difficult for China to Continue Reading
Another 37 GW capacity could be stopped 18 projects with 19.2 GW capacity in grey area Under-construction projects should proceed cautiously: NDRC China has shelved plans to build 15 coal Continue Reading
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Firefighters are bracing for the return of ferocious winds in the Southwest after a brief reprieve allowed them to attack flames from the air for the first time in days Continue Reading
The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from 95,000 bpd in the first Continue Reading
81 percent of completed wells in the oil and gas industry were horizontal or directional in 2021. The number of completed oil and gas wells fell by 66 percent between Continue Reading
Since the U.S. began exporting more natural gas than it imports, natural gas exports both by pipeline and as LNG have grown significantly. Since the United States began exporting more Continue Reading
Steel boss James Brand raises his voice above the roar of metal being funneled into a foundry furnace as he details how rampant costs have pushed him to raise his Continue Reading
Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Continue Reading
Natural gas prices in Europe reversed earlier gains as ample liquefied natural gas imports offset lower deliveries from Norway amid planned works. Benchmark futures were 0.2% lower, after rising as Continue Reading
2021 was a year of extreme weather and natural disasters for the continent, from heat waves to flooding and droughts. Climate change produced another record-breaking year of extreme weather in Continue Reading
Senior Biden administration officials say they believe that the next four weeks will shape the eventual outcome of Russia’s war in Ukraine, with long-lasting ramifications that will influence the drawing Continue Reading
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
OilX data suggests that Russian production has declined by 10% since the start of the Ukraine War. IEA: Russian oil supply is expected to fall by 1.5 million bpd in Continue Reading
Would be all-time high for Russian storage levels Slightly up on the level reached by end-October 2021 To hike the maximum withdrawal rate to 852.4 million cu m/d Russia’s state-controlled Continue Reading
Seaborne product exports hit most but crude flows little changed India buys more crude while China flows hold steady Diesel imports surge to the Netherlands’ oil refining/storage hub Russia’s seaborne Continue Reading
Oil prices rose on Thursday as concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports, days after diminished supplies from Libya rocked the Continue Reading
Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort to cut Russian imports is expected to keep the market Continue Reading
The dramatic surge in commodity prices has sparked a boom in shipping stocks. Crude tankers and container-ship stocks are soaring. Runaway inflation and supply chain disruptions are pushing commodity prices Continue Reading
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
The port of Khor al-Zubair, built in the 1970s as an industrial and commercial port, has been repurposed to handle the import and export of oil products to meet Iraq’s Continue Reading
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
