When Royal Dutch Shell sold off its stake in the Umuechem oil field in Nigeria last year, it was, on paper, a step forward for the company’s climate ambitions: Shell Continue Reading
Oil rigs Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil. It is estimated that about Continue Reading
Ministers warn that energy investment at crisis levels No current shortage in the oil market, Mazrouei says OPEC+ blamed unfairly for high prices, Prince Abdulaziz says Targeted by so-called NOPEC Continue Reading
The head of Nigerian state oil firm NNPC and the central bank governor told the national assembly and the country’s airline association on Monday that they were unable help with Continue Reading
African airlines are clubbing together to negotiate better prices and a steady flow of jet fuel, a move to help stave off a potential crisis caused by supply issues and Continue Reading
Record-high April temperatures over Pakistan melted glaciers faster than normal, triggering a flash flood Saturday in a village in the northern region of the country that wiped out part of Continue Reading
Venezuela has begun importing Iranian heavy crude to feed its domestic refineries, documents from the state-run oil company PDVSA showed, a deal that widens a swap agreement signed last year Continue Reading
China’s crude oil imports in January-April fell 4.8% year on year despite inflows rising 6.6% to 10.51 million b/d in April as a recovery from the previous lows in March Continue Reading
A survey showed U.S. firms in China are lowering revenue projections amid Beijing’s stringent Covid Zero strategy. Enda Curran reports. China is tightening pandemic restrictions in Shanghai and expanding a Continue Reading
China car sales plunged the most in two years in April as Covid-19 lockdowns in the auto industry hubs of Shanghai and Jilin province smashed production and kept buyers out Continue Reading
Teams in white protective suits are entering the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China’s strict “zero-COVID” strategy. City Continue Reading
Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak. Notices issued in several districts Continue Reading
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading
From behind the wheel of his work van, Fernando Gonzalez took in the immaculate front yard amid the arid and affluent hills north of Los Angeles. The red and white Continue Reading
U.S. front-month Henry Hub natural gas contracts ended 12% lower on Monday. Gas prices have passed the $8 mark last week as a result of soaring exports and strong domestic Continue Reading
The group behind the Texas Gulf Coast’s bid to become a hydrogen hub are hoping that the Corpus Christie port could become a strategic export hub for selling clean hydrogen Continue Reading
German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the Continue Reading
Vladimir Putin had no victories in Ukraine to proclaim on Victory Day. Nor did his speech at the Red Square military parade offer any clear pictures of when a victory Continue Reading
Rush to wean off Russian gas has made European consumers highly vulnerable to LNG price shocks. Global LNG demand outstrips supply in 2022. New LNG projects are unlikely to provide Continue Reading
Germany is moving away from its plan to establish a strategic national coal reserve, sources from the government and industry told Reuters on Tuesday. The plan is no longer a Continue Reading
Access to liquefied natural gas (LNG) terminals is important for Ukraine to help meet its energy needs, the head of Ukraine’s gas transit operator said on Monday. Sergiy Makogon, Director Continue Reading
Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar Continue Reading
Ukraine ’s economy will plunge by almost a third in 2022, more than previously expected, in a scenario in which the war ends this year, the European Bank for Reconstruction Continue Reading
Brussels has shelved its plans to ban the EU shipping industry from carrying Russian crude as it struggles to push through its latest sanctions package because of anxiety among some Continue Reading
As the European Union prepares to place an embargo of some sort on Russian oil imports, Russia will be unable to redirect most of that oil elsewhere. Pivoting to Asia Continue Reading
Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on Monday. Russia’s crude oil production slipped by half Continue Reading
European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean Continue Reading
President Vladimir V. Putin used his Victory Day speech on Monday to try to channel Russian pride in defeating Nazi Germany into support for this year’s invasion of Ukraine. But Continue Reading
EU to continue talks on Russian oil embargo plan this week Bulgaria says it will veto Russia ban if no ‘derogation’ G7 nations committed to ban or phase out Russian Continue Reading
Crude oil futures were lower in mid-morning Asian trade May 9, easing from three-week highs, as cuts to Saudi Arabia’s latest official selling prices as well as hurdles in implementing Continue Reading
G-7 Leaders Commit to Banning Imports of Oil From Russia Oil dipped as investors weighed a pledge by the Group of Seven nations to ban imports of Russian supplies against Continue Reading
ENEOS, Idemitsu suspend signing new Russian oil import contracts Russian supply accounts for 4% of Japan’s oil imports Japan will ban “in principle” Russian oil imports following the latest commitment Continue Reading
Jan-Apr imports down 1% on year to 28.36 mil mt Crush margins negative on poor hog margins China’s soybean imports in April fell 8.5% year on year to 8.08 million Continue Reading
Exports at 4.9 mil mt, down from estimated 6 mil-7 mil mt Logistics hurdles to weigh on buyers’ enthusiasm China’s finished steel exports rose 0.7% on the month to 4.977 Continue Reading
India’s liquefied natural gas importers are purchasing extra volumes from Russia at a discount as most other spot buyers shun the fuel. Companies including Gujarat State Petroleum Corp. and GAIL Continue Reading
April imports estimated at 650,000 bpd – Vortexa Q1 Iran exports average 840,000 bpd, almost all to China – Kpler Independent refiners face shrinking margins Displaced Russian Urals crude heading Continue Reading
China’s two biggest cities tightened COVID-19 curbs on their residents on Monday, raising new frustration and even questions about the legality of its uncompromising battle with the virus. As authorities Continue Reading
If Shanghai Communist Party chief Li Qiang has been politically bruised by the city’s struggle to tame a COVID-19 outbreak that has infuriated residents and caused severe economic damage, there Continue Reading
Chinese imports from Russia surged to a record in April, likely due to soaring global energy prices, while exports fell to the lowest level since the early months of the Continue Reading
Strong winds continued into the day Sunday, helping spread the second-largest wildfire on record in New Mexico farther into small farming communities in the state’s mountain valleys, as crews expect Continue Reading
U.S. shale focuses on returning capital to shareholders in 2022. Deloitte: the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone. Continue Reading
White house cautiously weighs implications of NOPEC bill. NOPEC bill could lead to higher prices of imported crude to the U.S. The NOPEC bill could end the dominance of the Continue Reading
Lake Powell water supply forecast at 59% of normal Lower Colorado River Basin ranges from 58% to 97% June on-peak power forwards reach package highs May 5 Southwestern snowpack levels Continue Reading
California’s milestone of meeting 99.87pct of its electricity demand only via renewables was impressive but it was only for a brief spell. On the last day of April, California hit Continue Reading
Leaders of the G-7 countries pledged to ban the import of Russian oil in response to Putin’s war in Ukraine. Tony Czuczka reports. Leaders of the Group of Seven most Continue Reading
Russian President Vladimir Putin told his armed forces they were fighting for their country at a parade of Russian firepower in Moscow while his troops stepped up their 10-week-old assault Continue Reading
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of Continue Reading
A salvo of missiles brought the Kremlin’s war on Ukraine to Fastiv, a quiet town abounding with flowering cherry trees and set in sweeping farmland hundreds of kilometres from the Continue Reading
Vladimir Putin has claimed Russia was forced to “strike back pre-emptively” against Ukraine, adding that the Kremlin’s troops were fighting “on their own land” in the conflict, just as Soviet Continue Reading
Russian President Vladimir Putin, speaking from Moscow’s Red Square on Victory Day, did not use his speech to announce plans to intensify the war against Ukraine or order the mobilization Continue Reading
