Oil headed for a weekly increase on signs of tight physical supply, but remained down this month amid persisting fears of economic slowdown. West Texas Intermediate futures rose above $98 Continue Reading
Of all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among Continue Reading
Global oil demand is not declining in a pattern that would be consistent with a recession, and demand will still grow next year from this year despite expected slowdowns in Continue Reading
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. U.S. Continue Reading
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense. A proposed $369 billion climate and tax package includes money to help consumers Continue Reading
Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and Continue Reading
Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling. Oil rigs operating in US fields increased Continue Reading
Across Montana’s 147,000 square miles, the state government recently counted 57 charging stations. Building a nationwide network requires putting EV chargers in the middle of nowhere. Montana’s vast spaces and Continue Reading
U.S. gas prices have hit a record high and are showing no signs of going down. That’s largely because oil companies are no longer incentivized to drill more as oil Continue Reading
A job fair in Albuquerque, N.M. Job hopping for higher wages has put pressure on companies as they compete for talent. The U.S. economy is enduring a rocky transition from Continue Reading
U.S. refiners: there’s no indication of fuel demand destruction. The latest reporting week in EIA data showed that gasoline demand increased from 8.52 million barrels per day (bpd) to 9.25 Continue Reading
he US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Continue Reading
Chemical maker Lyondell Basell Industries (LYB.N) is considering a “very large investment” at the site of its Houston refinery after it permanently stops refining crude oil by the end of Continue Reading
America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled Continue Reading
The response to some of the worst flooding in Kentucky’s history was entering a pivotal phase on Saturday morning, with the confirmed death toll at 25 and the search for victims poised Continue Reading
Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom’s (GAZP.MM) senior manager said on Friday, stepping up Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
The United States and its allies are leaning heavily on economic sanctions to punish Russia for its invasion of Ukraine. But a key element in that strategy, restrictions on Russian oil Continue Reading
Russian Sakhalin Energy Investments Co is asking the buyers of its liquefied natural gas to pay for it via the Moscow branch of an international bank, Reuters has reported , Continue Reading
Berlin, Germany’s capital, and other cities have started turning off the spotlights on historic monuments and municipal buildings in an effort to conserve energy ahead of winter. “In view of Continue Reading
Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to Continue Reading
Russian gas producer Gazprom (GAZP.MM) said on Saturday it had stopped supplying neighboring Latvia with gas, accusing it of violating conditions for gas withdrawal. Russia has already cut off gas Continue Reading
MOSCOW, July 29 (Reuters) – Russia’s idled primary oil refining capacity was revised up to 2.591 million tonnes in August, up 34% from the previous estimate, sources citing refinery maintenance Continue Reading
The Ukrainian military said on Saturday it had killed scores of Russian soldiers and destroyed two ammunition dumps in fighting in the Kherson region, the focus of Kyiv’s counter-offensive in Continue Reading
Germany’s economy is extremely resilient and more than capable of withstanding the impact of Russia cutting gas supplies, according to the chief executive officer of the country’s leading bank. While Continue Reading
The Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia. Source: Bloomberg Bloomberg News Gazprom PJSC once again blamed Siemens Energy Continue Reading
When Ukraine pushed Russian forces back from the country’s second-largest city of Kharkiv in May, they quickly headed to the border to dig their flag into Ukrainian soil that, for Continue Reading
As Russia tightens its chokehold on supplies of natural gas, Europe is looking everywhere for energy to keep its economy running. Coal-fired power plants are being revived. Billions are being Continue Reading
This week, CAF started dynamic track testing of the hydrogen-powered demonstrator train being developed for the FCH2RAIL project. FCH2RAIL is a consortium of CAF, DLR, Toyota, Renfe, ADIF, CNH2, IP Continue Reading
Oil headed for a weekly increase on signs of tight physical supply, but remained down this month amid persisting fears of economic slowdown. West Texas Intermediate futures rose above $98 Continue Reading
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. U.S. Continue Reading
Shell CEO van Beurden: there is more upside than downside for crude oil prices. Van Beurden sees ongoing tightness in crude oil supply. TotalEnergies CEO Pouyanne also stated that he Continue Reading
Soaring natural gas prices are giving rise to coal demand around the world, with consumption set to match this year the record-high from 2013, and further jump to a new Continue Reading
Worsening climate largely from the burning of coal and gas is uprooting millions of people, with wildfires overrunning towns in California, rising seas overtaking island nations and drought exacerbating conflicts Continue Reading
OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more supply, although a modest output Continue Reading
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured on the outside of the new OPEC headquarters in Vienna March 16, 2010. REUTERS/Heinz-Peter Bader/File Photo July Continue Reading
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea Continue Reading
Japan is encouraging regional authorities to take steps to contain a new coronavirus variant that has sent cases to record levels, but there is no plan for sweeping national measures. Continue Reading
US Economy Shrinks for Second Straight Quarter The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Continue Reading
A surprise congressional budget deal announced Wednesday night boasts $370 billion in new spending for tackling climate change, including oodles of tax credits and rebates that could make it cheaper Continue Reading
The $369 billion climate and tax package forged in a surprise deal by Senate Democrats would be the most ambitious action ever taken by the United States to try to Continue Reading
The $369 billion deal Senate Majority Leader Charles E. Schumer (D-N.Y.) forged Wednesday with Sen. Joe Manchin III (D-W.Va.) would transform how the country produces energy and upend the auto industry, even Continue Reading
Since Monday, the national average for a gallon of regular gasoline has fallen eight cents to $4.27. According to new data from the Energy Information Administration (EIA), gas demand increased Continue Reading
Senator Joe Manchin gave his support to the Inflation Reduction Act of 2022 which will provide $369 billion in energy and climate investments. U.S. Senate Majority Leader Chuck Schumer was Continue Reading
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), U.S. filmmakers said on Thursday. Fears that the U.S. economy Continue Reading
ConnectDER , the developer of a meter collar that integrates between the home’s electric meter socket and the meter itself, will supply Siemens with a proprietary plug-in adapter for electric Continue Reading
Russia has tasked mercenaries to hold sections of the frontline in Ukraine in a sign it is running short of combat infantry, Britain’s Ministry of Defence said on Friday, as Continue Reading
Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia’s war in Ukraine , but Continue Reading
Russian advances in Ukraine have slowed almost to a standstill as newly delivered Western weapons help Ukrainian forces reclaim much of the advantage they had lost in recent months, opening Continue Reading
Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve filtered through markets, buoying commodities. Continue Reading
