U.S. East Coast jet fuel costs soar on shortage fears
Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a growing shortage as supply dwindles amid sanctions on Continue Reading
Surging price of battery materials complicates carmakers’ electric plans
The car industry’s multibillion-dollar bet on electric vehicles was built on a single premise: that batteries would carry on getting cheaper. In 2019, Volkswagen executives even brandished charts predicting a Continue Reading
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100. SPR release may calm crude prices only in the short term. U.S. SPR may need to be Continue Reading
High Natural Gas Prices Could Lift Green Hydrogen Investment
Companies in Europe and U.S. allies such as Australia have recently announced major green hydrogen deals and projects. Blue hydrogen production from natural gas, plus the added expense of CCS, Continue Reading
Growing Risk of Leasing Program Approval Delay
There is a growing risk of a delay in the approval of the next five-year Outer Continental Shelf oil and gas leasing program, according to Fitch Solutions. There is a Continue Reading
The Price for Europe to Wean Off Russian Gas Keeps Going Up
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes Continue Reading
Slovakia will stay united with EU against Russian gas payment demands, PM says
Slovakia will act in unison with the European Union against Russia’s gas payments demands, Prime Minister Eduard Heger said after a minister raised the option of paying in roubles if Continue Reading
Germany faces steep recession if Russian oil and gas halted – banks
Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest Continue Reading
Kremlin warns West: rouble-for-gas scheme is the ‘prototype’
President Vladimir Putin’s rouble payment scheme for natural gas is the prototype that the world’s largest country will extend to other major exports because the West has sealed the decline Continue Reading
Ukraine says 410 bodies found near Kyiv, witnesses traumatised
Ukraine has found 410 bodies in towns near Kyiv as part of an investigation into possible war crimes by Russia but some witnesses are so traumatized by their ordeal that Continue Reading