We Can’t Drill Our Way to Energy Security
Thanks to a remarkable oil and gas boom, the United States has achieved the long-sought goal of energy self-sufficiency: We now produce more oil and refined products, natural gas and Continue Reading
The Semiconductor Shortage Could Persist Through 2024
A number of factors are continuing to depress the already-battered automotive industry. According to Intel CEO, Pat Gelsinger, the ongoing semiconductor chip shortage will likely persist until at least 2024. Continue Reading
Euro Is Sliding Toward Dollar Parity for First Time in 20 Years
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . The euro is on the verge of U.S. dollar parity for the Continue Reading
Missing Billions Threaten to Break Britain’s Energy Market
The war in Ukraine has exposed the vulnerability of the energy industry across Europe, but the UK market is looking increasingly perilous for suppliers and consumers for reasons closer to Continue Reading
Europe Looks To African Gas To Reduce Dependence On Russian Imports
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s… Africa has significant gas production Continue Reading
Russia Cuts Gas Supply To Seized German Gazprom Unit
Germany says Russia is using energy as a weapon after Moscow cut gas supply to a seized Gazprom unit. Moscow responded by stating that its actions are a natural and Continue Reading
France’s Power Sector Further Strained By Extended Outages And Repairs
France’s nuclear power plants are undergoing repairs and extended outages, leading to a 25% decrease in nuclear power plant output this winter, an analysis from Baringa Partners LLP said, according Continue Reading
The UK’s Nuclear Ambitions Could Cause More Pain For Consumers
The UK is racing to reduce its reliance on Russian oil and gas. Part of its strategy is to ramp up nuclear power production. The government’s ambitious plans may be Continue Reading
Oil Climbs as Global Refining Crunch Drives Record Fuel Costs
Oil climbed as a global squeeze on refined products continued to pull fuel prices higher with Russian diesel exports falling sharply. West Texas Intermediate rose 4.1% on Friday and eked Continue Reading
Oil Prices Climb Despite Demand Destruction Claims
Despite reports from the IEA and OPEC that emphasized a decline in oil demand, oil prices jumped on Friday due to fears of Europe implementing a Russian oil ban. Oilprice Continue Reading