India’s annual coal output up 8.6%, supply up 18.4%
India’s coal production rose 8.6% to 777.2 million tonnes during the year ended March 2022, the government said on Friday, driven by a surge in power demand due to an Continue Reading
Russian foreign minister visits India as Moscow seeks alternative crude export markets
Complications with supply to the US, Asia driving Russian pivot to East Sanctions leading to Russian crude selling at significant discounts Russian trade in currencies other than the dollar, euro Continue Reading
Venezuela’s March oil exports slip amid struggles with returned cargoes
Petroleum exports from Venezuela declined about 4% in March from the previous month as its state-run oil company dealt with crude cargoes returned by customers over poor oil quality, documents Continue Reading
Exxon’s $8 Billion Bet On Brazil Is Paying Off
Brazil is looking to fill part of the supply gap caused by sanctions on Russia over its invasion of Ukraine. Despite a miss on Exxon’s recent exploration push, Brazil’s oil Continue Reading
LNG voyages could face significant impacts from new Panama Canal toll structure
Changes to be phased in starting in 2023, after comments Operator wants fees to reflect shifting market conditions A new fee structure proposed by the Panama Canal Authority April 1 Continue Reading
Exxon Mobil gets Guyana’s approval for fourth offshore oil project
Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country’s Environmental Protection Agency. The permit will Continue Reading
Covid Outbreak at Shanghai Hospital Exposes Risks to China’s Seniors
A coronavirus outbreak is ravaging a hospital in Shanghai for older adults, underscoring the difficulties officials have had in containing infections even as the city imposed a 10-day staggered lockdown. Continue Reading
Tesla’s Big Addition of Chargers in China Helps Boost Sales
Recently I’ve been analyzing the growth in the public charging network in 2021, as we’ve just released BNEF’s 2022 Global EV Public Charging Update . Not surprisingly, Tesla is a Continue Reading
U.S. liquefied natural gas exports rise 16%, to new record
U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is Continue Reading
Number of COVID patients in US hospitals reaches record low
COVID-19 hospitalization numbers have plunged to their lowest levels since the early days of the pandemic, offering a much-needed break to health care workers and patients alike following the omicron Continue Reading