Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide. A bellwether semiconductor price — Continue Reading
Israel has moved the Energean Power FPSO to the Karish gas field, partly claimed by Lebanon, as the Israeli government looks to boost supplies of the fuel to Europe. Israel Continue Reading
A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes. After months of deadlock in Continue Reading
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar Continue Reading
Motorists queuing for several hours at petrol pumps in the Nigerian capital, Abuja, has become the new normal after an acute scarcity in fuel earlier this year. In February, the Continue Reading
Highlights India recently allowed 469,000 mt wheat exports Traders anxious after Turkey rejected Indian vessel Wheat-fertilizer swap deal with Egypt in focus India’s May exports fall 23% on month after Continue Reading
Uncertainty remains on impact of ban on oil markets: Platts Analytics China, India importers tread cautiously, look for alternative options Even if Russian insurers provide coverage, re-insurers will be unwilling Continue Reading
The Guyana-Suriname oil basin may hold much larger reserves than anticipated. Suriname is looking to replicate Guyana’s oil boom through 2030. Low projected breakeven prices and discoveries of light to Continue Reading
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia Continue Reading
Australia, one of the world’s largest wheat exporters, is forecast to produce another huge harvest this season as favorable conditions encourage growers to ramp up planting of winter crops to Continue Reading
China has issued 4.5 million tonnes of quotas for refined fuel exports, sources told Reuters on Tuesday, a top-up to the first issue for 2022 to ease high domestic inventories Continue Reading
Officials in a Chinese city on the border with North Korea say they can’t figure out where persistent new Covid-19 infections are coming from — and suspect the wind blowing Continue Reading
China has devised a new incentive to boost elderly vaccinations to levels that could finally allow the country to relax its zero-Covid strategy and revive the economy: insurance packages for Continue Reading
Dreams are unrealistic, impractical, demanding – but absolutely essential to living a rich and fulfilling life, Ralph Marston once said. But what if a dream is too good to be Continue Reading
Just under half of Americans support nuclear power to generate electricity, a waning industry the Biden administration has been trying to revitalize with billions of dollars in public spending as Continue Reading
Highlights 70%-80% risk for above-average temperatures Gas prices could top $10/MMBtu by June 10-11 SP-15 on-peak bal-week offered at $150/MWh Natural gas and power prices across the desert US Southwest Continue Reading
President Joe Biden President Joe Biden is trying to promote solar development in the US using the same Cold War-era law Donald Trump invoked to prop up money-losing coal plants: Continue Reading
The Biden Administration is considering a giant offshore wind project in the Gulf of Mexico, an area with plenty of potential and a long history of energy production. The Gulf Continue Reading
Investors are suddenly recognizing the importance of energy security. Investors’ confidence in the US LNG sector has skyrocketed. Dealmaking in both upstream gas and utilities is increasing in 2022. Despite Continue Reading
Volumes up, revenues down Photographer: Nathan Laine/Bloomberg Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of the big Continue Reading
Russia’s U.N. Ambassador Vassily Nebenzia stormed out of a U.N. Security Council meeting on Monday as European Council President Charles Michel addressed the 15-member body and accused Moscow of fueling Continue Reading
The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Continue Reading
While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian Continue Reading
Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar Continue Reading
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the Continue Reading
Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight Continue Reading
Saudi Aramco raises Asia-bound Arab Super Light by $2.75/b Oil market to remain tight for time being Crude oil futures edged higher in mid-morning trade in Asia June 6 after Continue Reading
Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions Continue Reading
In 2020, BP shocked energy markets, declaring the world was already past peak oil demand. Now, when analysts talk about peak oil, they are referring to that point in time Continue Reading
Let’s park up all the environmental downsides of oil usage for the moment. Because despite all of oil’s sins, most of humanity depends on it for everything from the clothes Continue Reading
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. Continue Reading
Motorists wait for hours in Abuja, Nigeria to fill their cars with petrol, due to the ongoing fuel shortage. Motorists queuing for several hours at petrol pumps in the Nigerian Continue Reading
China’s independent refining sector’s feedstock imports in May tumbled to a 34-month low as the prolonged lockdown in major cities capped crude buying. Inflows could improve in June as COVID-19 Continue Reading
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United Continue Reading
Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of the resilience of the state’s power grid Continue Reading
A solar farm under construction in Portage, Pennsylvania. Photographer: Justin Merriman/Bloomberg President Joe Biden will take executive action to boost the US solar sector, seeking to revive clean energy projects Continue Reading
When President Biden meets Crown Prince Mohammed bin Salman in Saudi Arabia, he will be following in the footsteps of presidents like Jimmy Carter, who flew to Tehran in 1977 Continue Reading
Orange County, Calif., symbolized Republican struggles in America’s diverse and highly educated suburbs during Donald J. Trump’s presidency, as a backlash to Mr. Trump transformed center-right strongholds into increasingly Democratic territory. But at a Continue Reading
Diesel prices are weighing on the freight industry, and there is no end in sight. In 2021, the world’s first partially battery-electric freight train was unveiled in Pittsburgh, showing that Continue Reading
Chevron CEO Mike Wirth’s view of U.S. refineries is that there will never be another new refinery building in the United States. High prices at the pump have triggered a Continue Reading
Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas, the Continue Reading
Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer Continue Reading
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
Russia has bombed, blockaded and plundered the grain production capacity of Ukraine, which accounts for one-tenth of global wheat exports, resulting in dire forecasts of increased hunger and of spiking food prices Continue Reading
Britain said Monday it will send Ukraine multiple launch rocket systems that can strike targets up to 50 miles away, despite a threat from Russian President Vladimir Putin that Moscow would attack Continue Reading
Medvedev expects Europe to use ‘gray’ mechanisms to import Russian oil Sees Europe facing oil deficit due to sixth sanctions package Russia expects to get around the EU ban on Continue Reading
Expects 9% increase in gas exports in 2022 Investment needed to raise output, export capacity European gas prices boosting investment case for Azerbaijan Azerbaijan is ready to ship gas to Continue Reading
Boost to Tight Market Oil headed for a sixth weekly advance after a keenly anticipated OPEC+ meeting delivered only a modest increase in output that failed to assuage concerns over Continue Reading
