China’s gasoil, gasoline and jet fuel exports in May dropped to a four-month low of 1.77 million mt or 465.580 b/d, data released by the General Administration of Customs June Continue Reading
China imported 2.12 million mt of LPG, comprising both propane and butane, in May, up 7.1% month on month, mainly supported by a strong rebound in butane imports due to Continue Reading
Highlights On track to completely phase out Russian oil purchases Refiners maintain high runs to help ease Asia’s diesel shortages South Korea to mainly rely on US, Middle Eastern crude Continue Reading
Highlights May manufacturing production index lower on year Steel demand in vehicle industry continues improving in June Demand from home appliance, construction sectors remains poor China’s manufacturing production index for Continue Reading
U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States Continue Reading
Mary Barra, General Motors Co.’s chief executive, spent weeks preparing for an onstage unveiling of the electric Chevrolet Silverado , GM’s big play in the fledgling market for battery-powered pickup Continue Reading
Spiking gas prices have weighed on motorists in every state this year, making daily life more expensive in myriad ways. But the burden has not been evenly distributed. Californians were Continue Reading
U.S. President Joe Biden is considering scrapping tariffs on a range of Chinese goods to curb inflation, but no decision is likely before next week’s Group of Seven summit, people Continue Reading
Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker Continue Reading
A record 42 million people around the United States are expected to hit the road for trips over the July 4 Independence Day weekend, AAA said Tuesday, absorbing historically high Continue Reading
Home insurance rates are going up again in Florida, as rate increases by reinsurers get passed on to homeowners. Reinsurers are reacting partly to five years of outsize losses from Continue Reading
The global energy transition will require a huge volume of metals, and the prices of these metals are soaring. Just as in the oil industry, the mining industry is suffering Continue Reading
Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy Continue Reading
Ukraine has around 109 million cubic metres (mcm) a day of spare gas capacity through a transit route to Europe which could be used to offset lower flows through the Continue Reading
The Netherlands on Monday said it would activate the “early warning” phase of an energy crisis plan and lifted a cap on production by coal-fired power plants as it seeks Continue Reading
The Dutch government on Monday activated the first phase of a crisis energy plan, and said it would produce 2.8 billion cubic metres of gas from the Groningen gas field Continue Reading
Germany’s chemicals sector, which is heavily dependent on Russian gas, has only a very limited scope to replace the fuel with alternatives, it said a day after Europe’s top economy Continue Reading
Several major German industrial consumers are ready to participate in the government’s auction that will help to ensure the security of supply this winter, according to a minister. “Several” energy-intensive Continue Reading
The European Commission president has warned EU member states not to backtrack on their long-term drive to cut fossil fuel use, as Germany, Austria and the Netherlands said they would Continue Reading
The European Union today said it would form a “strategic partnership” with the Gulf Cooperation Council and its Member States “as part of enhancing engagement in the broader region,” the Continue Reading
Ukrainian forces attacked on Monday offshore oil and gas drilling platforms in the Black Sea, the Russia-installed head of Crimea said. Gas production is temporarily halted from the platforms, but Continue Reading
WATCH: How to Price the Risk of Russia’s Tightening Grip on Gas Russia again tightened its grip on Europe’s natural gas supply, rejecting an offer from Ukraine to book more Continue Reading
Russia summoned the European Union’s ambassador in Moscow on Tuesday, fuming over a rail blockade that has halted shipments of many basic goods to a Russian outpost on the Baltic Continue Reading
Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the Continue Reading
German utility EnBW Energie Baden-Wuerttemberg AG signed a long-term deal to purchase liquefied natural gas from a US exporter, becoming the latest European firm to procure American fuel in a Continue Reading
Oil prices rose on Monday in volatile trade, reversing earlier losses, as tightening supplies outweighed concerns about slowing global economic growth and fuel demand. Brent crude futures rose 42 cents, Continue Reading
A green hydrogen electrolyzer during the final stages of construction at Iberdrola SA’s Puertollano plant Spain. Photographer: Angel Garcia/Bloomberg After years of dabbling, major oil companies are finally planning the Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for June 2022 was published last week. The last month reported in most of the charts that follow is May 2022 and output Continue Reading
The Iraqi oil minister said on Sunday that Iraq would implement a ruling from its federal court in February in which it deemed a Kurdish oil and gas law unconstitutional. Continue Reading
Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Continue Reading
An oil and gas platform off the coast of Libya in the Bahr Essalam Gas Field and Bouri Oilfield. Photographer: Antonio Sempere/Europa Press/Getty Images Sign up for our Middle East Continue Reading
Floods in South Asia wreaking havoc Monday hindered authorities’ efforts to deliver food and drinking water to shelters across Assam in northeastern India and north and northeastern regions of Bangladesh. Continue Reading
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the Continue Reading
China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on Continue Reading
Power consumption surged in large Chinese provinces north of the Yangtze river amid warmer-than-normal weather, with regions like Henan, China’s third-most populous province, challenged by record electricity demand. The maximum Continue Reading
A Food Complex and Market in Singapore. Asia’s red-hot food prices will likely heat up further in the coming months, with Singapore, South Korea and the Philippines set to see Continue Reading
U.S. Energy Secretary Jennifer Granholm said on Sunday that the administration of U.S. President Joe Biden was evaluating a pause on the federal gas tax as one of the options Continue Reading
The price of gasoline has climbed above $5 per gallon. U.S. fuel exports have continued to rise, adding additional pressure on domestic fuel inventories. “With refiners already running at full Continue Reading
The war in Ukraine could last for years, the head of NATO said on Sunday, calling for steadfast support from Ukraine’s allies as Russian forces battle for territory in the Continue Reading
Germany on Sunday announced further steps to boost gas storage levels to prepare for the next winter season, when it fears Russia could reduce or even completely halt supplies. Following Continue Reading
Firefighters in Spain and Germany struggled to contain wildfires on Sunday amid an unusual heat wave in Western Europe for this time of year. The worst damage in Spain has Continue Reading
Russia’s Gazprom (GAZP.MM) has told Italy’s Eni (ENI.MI) that it would deliver similar gas supplies on Sunday to those it sent in recent days, Eni said in a statement, signalling Continue Reading
At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how Continue Reading
Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled Continue Reading
Highlights ‘All parties agreed to suspension in advance’: Gazprom Suspension comes amid major European supply disruptions Bulgaria received gas via TurkStream prior to April 27 cut-off Russia’s Gazprom said June Continue Reading
Just a couple of years ago, some of the biggest names in the oil market could have never imagined the current demand and supply situation. BP is now admitting it Continue Reading
The West’s ban on Russian oil imports in response to Putin’s aggression in Ukraine has sent energy prices soaring. Argentina’s Vaca Muerte shale patch may emerge as a major story Continue Reading
TotalEnergies previously named North Field East partner Project is first phase of two-stage expansion to 126 mt/year Qatar’s LNG exports beat US, Australia in May QatarEnergy said June 19 it Continue Reading
Federal government following federal court ruling: Allawi Iraq’s top court ruled against KRG’s independent energy sector KRG to set up two new oil companies to stave off federal takeover Iraq’s Continue Reading
India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data Continue Reading
