Oil futures shrugged off a broader market selloff, sustained by a growing belief that even an economic slowdown would fail to alleviate an ongoing supply crunch. West Texas Intermediate futures Continue Reading
Demand for liquefied natural gas is rebounding in Asia, which was outbid for the fuel by European buyers earlier this year. An uneasy truce between Europe and Russia over the Continue Reading
With the return of Chinese demand hanging over oil markets, analysts are becoming increasingly bullish. Gasoline prices have hit their highest level ever and there are no signs of that Continue Reading
Sweltering temperatures are moving east this week into the Plains, the Upper Midwest and the Lower Mississippi River Valley, promising triple-digit heat along with a spike in gas-fired cooling demand. Continue Reading
Spot-market rates for liquefied natural gas (LNG) tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to Continue Reading
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on Continue Reading
The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two main Continue Reading
Turkey will ramp up gas production at its flagship Black Sea project as much as a year faster than previously planned, according to President Recep Tayyip Erdogan. Daily output at Continue Reading
The relentless oil price is causing economic havoc around the world, and Libya represents a major supply risk that could send prices even higher. The recent failed attempt by Bashagha Continue Reading
Indonesia is facing an uphill battle in its push to transition away from coal. As the world’s top coal exporter, kicking the fossil fuel will potentially cost billions. Further complicating Continue Reading
Western Australia plans to switch off its coal-fired generators by 2030 and invest A$3.8 billion ($2.63 billion) in renewables, citing an “overwhelming uptake” in rooftop solar as driving the move. Continue Reading
China has reduced air pollution nearly as much in seven years as the US did in three decades, helping to bring down average global smog levels in the process. The Continue Reading
China claims to have set two world records in deep-sea energy exploration this weekend. The country has been working hard to ensure its energy security by developing its own oil Continue Reading
Feedstock consumption at Shandong’s independent refineries rebounded to a four-month high of 8.18 million mt, or 1.93 million b/d, in May amid restarts from maintenances, with the level expected to Continue Reading
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 84,000 barrels per day (bpd) to a record 5.316 million Continue Reading
The measure is part of broader legislation to bolster U.S. competitiveness with China. Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing Continue Reading
The Biden administration has proposed higher energy-efficiency standards for home furnaces powered by natural gas , which could cause a popular form of gas heater that lacks condensing equipment to Continue Reading
‘We’re going to make sure that everybody knows Exxon’s profits’. ExxonMobil made more money than God this year. That’s what U.S. President Joe Biden said on June 10 in White Continue Reading
Image caption, Amazon’s latest delivery drone, the MK27-2 Amazon says it will begin delivering parcels to shoppers by drone for the first time later this year, pending final regulatory approval. Continue Reading
U.S. Shale production in the seven most prolific shale basins is set to increase 143,000 bpd in July to 8.91 million bpd, according to the Energy Information Administration’s latest Drilling Continue Reading
Global public companies representing 60% of total non-OPEC liquid fuels production spent last year $244 billion on exploration and development, down by 28% compared to the pre-pandemic average, the Energy Continue Reading
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas NEW DELHI, June 13 (Reuters) – Russia Continue Reading
Russia’s seaborne crude flows are taking on a new pattern as Moscow seeks to deal with impending European sanctions on its exports. India has moved from being an insignificant buyer Continue Reading
Two European Parliament committees vote on Tuesday on an attempt to stop the EU labeling gas and nuclear energy as climate-friendly investments, and the outcome may indicate whether the full Continue Reading
As 10-meter high mounds of sunflower meal smolder among the blackened ruins of one of Ukraine’s top agricultural terminals, farmers in this front-line region are scrambling to survive a harvest Continue Reading
Senior Ukrainian officials have bluntly described what they need to prevail on the battlefield, speaking ahead of a meeting of western defence ministers on Wednesday that Kyiv hopes will speed Continue Reading
EC president points to planned gas, electricity connections EC on the hunt for alternatives to Russian gas after ‘blackmail’ Israeli gas reserves seen at 921 Bcm, more exploration planned The Continue Reading
Oil dropped about $2 a barrel on Monday as a flare-up in COVID-19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate hikes Continue Reading
Oil extended losses for a third session as investors weighed the prospect of further monetary tightening to combat surging US inflation and the potential for more virus lockdowns in China. Continue Reading
Crude oil futures were lower in midmorning Asian trade June 13, as pandemic-related concerns in China, coupled with a higher-than-expected US inflation report weighed on sentiment. At 10:53 am Singapore Continue Reading
Demand for Middle East medium sour crudes, such as Oman, Upper Zakum and Al-Shaheen, continued to grow as prices for light sour grades from the region, such as Murban, turn Continue Reading
Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia after OPEC+ pledged to speed Continue Reading
Hussam al-Aqouli remembers the exact spot along southern Iraq’s Lake Sawa where his two daughters once dipped their feet into clear waters. Now he stands there two years on and Continue Reading
The Brega oil port in Marsa Brega, Libya. Source: -/AFP Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields. The Continue Reading
QatarEnergy signed a partnership deal with TotalEnergies on Sunday for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project, and its chief executive said more Continue Reading
– The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two Continue Reading
India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Continue Reading
On paper, India’s economy has had a banner year. Exports are at record highs. Profits of publicly traded companies have doubled. A vibrant middle class, built over the past few decades, is now Continue Reading
Wheat prices are soaring as the Ukraine war sparks a global food crisis. But in Argentina, one of the world’s agriculture powerhouses, farmer Aimar Dimo is cutting back the acreage Continue Reading
Outages at coal-fired power plants, coupled with a cold-weather snap, have caused supply problems. Residents in Australia’s Queensland state faced the risk of blackouts on Monday night as the nation’s Continue Reading
David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he Continue Reading
North America Electricity use soared to an all-time high in Texas amid a searing heat wave, topping levels last seen before the coronavirus pandemic. With air conditioners humming across the Continue Reading
The US economy will tip into a recession next year, according to nearly 70 per cent of leading academic economists polled by the Financial Times. The latest survey, conducted in Continue Reading
Europe’s biggest oil firms are rushing to diversify their portfolios while expanding into green energy. Shell announced this week that it will begin selling electricity generated from renewable sources directly Continue Reading
‘An oil spill or leak would cost the world billions to clean up’. U.S. Secretary of State Antony J. Blinken has announced that the Department of State is working with Continue Reading
U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning Continue Reading
Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at Continue Reading
Figures reduce the risk of a half-point rise in interest rates CBI calls on government to spur growth and business investment WATCH: The unexpected fall causes a dilemma for BOE Continue Reading
A Ukrainian serviceman peers out of a tank in the Donetsk region, where Russia has seized towns. The war in Ukraine has turned into a grinding artillery contest where Russia Continue Reading
For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent’s factories humming. Now Europe’s industrial energy costs are soaring in the wake Continue Reading
