India’s state-run electricity giant NTPC Ltd. plans to expand its coal-fired power fleet with a first new project in six years, a policy shift that reflects alarm over the nation’s Continue Reading
A drilling boom in America’s oil heartlands has triggered a sharp reversal of fortunes for the country’s long-suffering oilfield services groups as they reap the rewards of the scramble to Continue Reading
For the past three decades, companies and consumers benefited from cross-border connections that kept a steady supply of electronics, clothes, toys and other goods so abundant it helped prices stay Continue Reading
With long-term severe drought continuing to take a toll on the Colorado River, the federal government is expected to announce on Monday that it will retain some water in one Continue Reading
Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential Continue Reading
Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… The U.S. government appears to Continue Reading
The U.S. oil and gas industry has boosted exports to record highs as Europe races to wean itself off of Russian energy. Since July 2020, U.S. oil inventories have plummeted Continue Reading
Domestic supplies of gasoline and diesel in the United States are dwindling as record volumes of fuel are being exported from the Gulf Coast, BNN Bloomberg reports . Citing Vortexa Continue Reading
All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM. U.S. February production decreased by a surprising 50 Continue Reading
Pacific Gas and Electric Company (PG&E) is launching the US’ most comprehensive end-to-end hydrogen study and demonstration facility, which will examine the future potential of the zero-carbon fuel hydrogen as Continue Reading
The Southern California Gas Co. Playa del Rey underground natural gas storage facility in the Playa del Rey neighborhood of Los Angeles.Photographer: Bing Guan/Bloomberg Utilities that run on natural gas Continue Reading
Italy is set to unveil a new stimulus package on Monday worth up to 7 billion euros ($7.35 billion) to curb surging energy prices and help companies cope with the Continue Reading
Goldman Sachs Group Inc (GS.N) reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a Continue Reading
German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate goals after meeting its Prime Minister Narendra Modi in Berlin on Monday, but the Continue Reading
Fertilizer makers are set to post their biggest quarterly profits in years, following a supply squeeze of essential crop nutrients due to the Ukraine crisis, according to analysts. Top fertilizer Continue Reading
European natural gas fluctuated as traders weigh an outlook for milder weather and strong LNG shipments against the risk of a supply disruptions from Russia. Higher-than-usual temperatures are expected across Continue Reading
At the conclusion of its Monday meeting, the European Union has said it will not heed Russian demands to pay for gas in rubles, with a mid-May deadline for payment Continue Reading
Finland has canceled its contract with Russian state-owned power giant Rosatom for a new nuclear power plant over the war in Ukraine. Fennovoima, a Finnish-led consortium, said on Monday it Continue Reading
Oil declined in tandem with equities as China’s stringent measures to curb Covid-19 threatened a further hit to economic activity and fuel demand. West Texas Intermediate futures slid 3% as Continue Reading
Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban Continue Reading
European officials are preparing to make a fresh push to salvage a nuclear deal with Iran , offering to send a top European Union negotiator to Tehran in an effort Continue Reading
Exports rise to 3.38 mil b/d in April from 3.244 mil b/d in March March federal exports had fallen 2.1% month on month Iraq’s OPEC+ quota rises to 4.414 mil Continue Reading
Kawigosk refinery was also near April 6 rocket strikes KRG has condemned attacks as intimidation from Iran Kurdish government aims to export gas to Turkey Six rockets struck the Khabat Continue Reading
A run-up in prices and shortage of man-made nutrients are forcing the agriculture industry to adapt, and the impact could be severe. Soybeans during a harvest on a farm near Continue Reading
India’s electricity demand touched a record high in April as its northern states reeled under the hottest pre-summer months in decades, with a surge in the use of air conditioning Continue Reading
A jump in prices has seen growth stall in India’s sales of gasoline and diesel. The three biggest retailers in April sold just 0.3% more diesel than in March and Continue Reading
. A blistering heat wave has scorched wheat fields in India, reducing yields in the second-biggest grower and damping expectations for exports that the world is relying on to alleviate Continue Reading
China’s commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under lockdown, while Beijing pressed on with testing millions of Continue Reading
The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the food industry in a sign Continue Reading
China Maintains Covid Fight as Lockdowns Pummel Economy A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to Continue Reading
Contemporary Amperex Technology Co. Ltd. easily maintained its pole position as the world’s biggest maker of electric-car batteries as of the end of March with its share edging slighter higher Continue Reading
Covid-19 lockdowns in Shanghai have added pressure to supply-chain issues. Throttled by Beijing’s zero-tolerance approach to Covid-19, China’s economy is facing a spell of slower growth. Economists are toying with Continue Reading
Discontent has been widespread on Chinese social media ever since Shanghai started a rigid lockdown in late March. Now, it is moving into the real world. Sharply falling case numbers Continue Reading
The coronavirus pandemic is creeping closer to the halls of power in Beijing as authorities rush to avoid an uncontrolled Shanghai-style Omicron outbreak in China’s capital. Beijing is tightening coronavirus Continue Reading
Coronavirus cases are surging again in South Africa, and public health experts are monitoring the situation, eager to know what’s driving the spike, what it says about immunity from previous Continue Reading
The authorities in Beijing on Monday said that they had reopened a mass coronavirus isolation center, the latest in a raft of measures to try to stave off a citywide Continue Reading
U.S. natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Continue Reading
Chevron will produce the equivalent of about 725,000 barrels of oil daily in the Permian Basin this year. Chevron Corp. lifted its production target in North America’s biggest oil field Continue Reading
Poland wants the European Union to impose a clear cut off date at which member states will have to stop importing Russian oil, the climate minister said on Monday, adding Continue Reading
Germany would be able to weather an EU embargo on Russian oil imports by the end of this year even though a stoppage could result in shortages, Economy Minister Robert Continue Reading
Daily nominations, or requests, for Russian gas deliveries through Ukraine into Europe via the Slovakian border point of Velke Kapusany rose to their highest since the end of November on Continue Reading
Russia’s defence ministry said on Sunday it had struck at weapons supplied to Ukraine by the United States and European countries and destroyed a runway at a military airfield near Continue Reading
Humanitarian organisations worked to evacuate more civilians from the devastated Ukrainian port city of Mariupol on Monday but hundreds of people remained trapped in the Azovstal steel works, the last Continue Reading
Finland will almost certainly apply for membership in NATO, Sweden’s Foreign Minister Ann Linde told Swedish television on Sunday. Russia’s invasion of Ukraine has forced both Sweden and its eastern Continue Reading
The European Commission may spare Hungary and Slovakia from an embargo on buying Russian oil, now under preparation, wary of how dependent the two countries are on Russian crude, two Continue Reading
German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics Office said retail sales were down 0.1% Continue Reading
European Union energy ministers will meet Monday to discuss Russia’s decision to cut gas supplies to Bulgaria and Poland, and debate planned new sanctions over Moscow’s war on Ukraine. The Continue Reading
Inflation has surged in Russia as sanctions ratcheted up the price of imports. Russia is assembling an economic relief package equivalent to tens of billions of dollars to soften the Continue Reading
Germany has called for a phased-in ban on Russian oil imports into the EU, stepping up pressure on Brussels to find a deal between divided member states ahead of a Continue Reading
In his two-bedroom Moscow apartment, 35-year-old start-up wizard Pavel Telitchenko spent years mulling a move from Russia, fearing the gradual rise of a police state. Then, three days after the Continue Reading
