High hydrocarbon prices make renewables more attractive for power generation. LCOE report: “wind and PV generation costs remain lower than fossil fuel alternatives. Rising costs of hydrocarbons have outpaced growing Continue Reading
Highlights Independent refineries attracted by heavily discounted Urals Prices are still above Beijing’s expectations to replenish SPRs Run rates at independent refiners recover as margins improve Hefty discounts on Russian Continue Reading
The U.S. Department of the Interior (DOI) has posted an update. The Department of the Interior (DOI) will release the proposed program, the next step in the five-year offshore energy Continue Reading
Russian gas producer Gazprom (GAZP.MM) said it continues to supply gas to Europe through Ukraine via the Sudzha entry point, with volumes on Monday seen at 43 million cubic metres Continue Reading
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many headaches among government officials around Continue Reading
Gas stations in Washington are resetting their price boards to accommodate double digits in preparation for fuel prices potentially reaching $10 a gallon. The move comes as several gas stations Continue Reading
The oil market saw another volatile week as bullish and bearish catalysts collided. There is a growing fear that a potential recession could weigh heavily on oil demand. Overall, the Continue Reading
Egypt’s finance minister has warned that “millions” could die because of the food price crisis triggered by the Ukraine war, echoing warnings made by the UN and G7 countries as Continue Reading
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban Continue Reading
South Africa’s state-owned power utility Eskom Holdings SOC Ltd. will continue staging rolling blackouts during the coming week due to a shortage of generation capacity. The utility, responsible for almost Continue Reading
