Honda Motor Co (7267.T) said it would slash production by up to 30% in Japan next month against original plans due to persistent supply chain and logistical issues. Two lines Continue Reading
Photovoltaic modules at a solar power plant near Golmud, Qinghai province, China. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s government is preparing to intervene to halt soaring polysilicon prices that have Continue Reading
Vehicles travel along the Pan Island Expressway in Singapore. The cost for the right to buy a car in Singapore has reached a record high for large automobiles and risen Continue Reading
China’s fuel oil exports over January-June slumped 7.3% year on year to 9.09 million mt (318,982 b/d), pressured by a sharp rise in domestically produced barrels amid ambitious plans to Continue Reading
Top two refiners suspend purchase of Russian crude Russian coal imports plunge 60%, LNG imports hike 26% in June Japan’s Russian crude oil imports fell to zero in June, while Continue Reading
Freeport LNG said on Thursday it was pulling in small amounts of pipeline natural gas at its shuttered liquefied natural gas (LNG) export plant in Texas to fuel a power Continue Reading
U.S. carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand Continue Reading
South for the third day as dangerously high temperatures had forecasters warning about the dangers of dehydration and exposure. Heat warnings and advisories were in effect from South Carolina up Continue Reading
After years of divestment, oilfield equipment supply is running especially low. Halliburton’s CEO Jeff Miller is warning that oilfield equipment market is so tight that oil explorers are already discussing Continue Reading
All refiners and all integrated oil and gas companies are set for a windfall of profits. Extraordinary refining margins have boosted profitability. Refining profits may have peaked in the second Continue Reading
Steady growth in US natural gas production seen earlier this year appears to have lost momentum this summer in a potentially bullish trend that comes as Henry Hub gas prices Continue Reading
Ford Motor Co (F.N) on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL (300750.SZ) , Continue Reading
Limiting the size of new swimming pools in and around Las Vegas might save a drop in the proverbial bucket amid historic drought and climate change in the West. Officials Continue Reading
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
While oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States is projected to Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
A missing turbine that Moscow says has caused the Nord Stream 1 pipeline to pump less gas to Europe is stuck in transit in Germany because Russia has so far Continue Reading
Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said on Thursday. Russia Continue Reading
After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union Continue Reading
Further cracks in a united front to tackle an energy crisis in Europe have arisen Thursday, with Spain, Portugal and Greece rejecting the bloc’s plan to reduce natural gas consumption Continue Reading
Novak: Russia will not pump oil at a loss. The United States hopes that there will be an agreement on capping the price of Russian oil by December. Russia’s exports Continue Reading
Containers are loaded onto a ship at the port of Rotterdam, Netherlands, September 11, 2018. The war in Ukraine led to large increases in the amount of liquefied natural gas Continue Reading
Physical flows of Russian gas through Nord Stream 1 pipeline to Germany remained stable on Friday, while eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany declined, operators’ Continue Reading
Ukrainian Black Sea ports for grain exports, Turkey said, raising hopes that an international food crisis aggravated by Russia’s invasion can be eased. Ukraine and Russia, both among the world’s Continue Reading
Signage is seen outside of the U.S. International Trade Commission in Washington, D.C., U.S., A tanker carrying a liquid fertilizer product from Russia is about to arrive in the United Continue Reading
Eurozone business activity has gone into reverse for the first time since February 2021 after companies were hit by falling orders and rising prices, fuelling economists’ expectations of a recession Continue Reading
Oil slid as investors assessed signs of lackluster US gasoline demand. West Texas Intermediate fell near $97 a barrel, while the dollar erased an earlier loss, making commodities priced in Continue Reading
Oil prices fall for second session Libya’s NOC says production resumes at several oilfields Gazprom resumes gas flows to EU in Nord Stream 1 pipeline ECB poised to hike rates Continue Reading
Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of expected builds in U.S. crude inventories as Continue Reading
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
Russia’s invasion of Ukraine has created an energy crisis in Europe and global energy markets will never be the same. The new world energy order will be defined by government Continue Reading
In its latest Electricity Market Report , the Paris-based International Energy Agency (IEA) says that global demand for electricity is already slowing sharply thanks to slowing economic growth and high Continue Reading
The deadly heatwaves that have fuelled blazes and caused transport disruptions in Europe, the US, and China this month have one thing in common: a peculiar shape in the jet Continue Reading
Iraq has doubled its oil production capacity in the last decade to become the second-largest producer and exporter in OPEC, but the country has failed to realize most of its Continue Reading
Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days Continue Reading
Nigeria’s president, Muhammadu Buhari, has unveiled a revamped national oil company that he called commercially driven and not relying on government funding. Buhari says the Nigerian National Petroleum Company would Continue Reading
India’s economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month. Softer Continue Reading
Customers queue outside a Western Sydney chemist to purchase Rapid Antigen Test kits in the wake of the coronavirus disease (COVID-19) pandemic in Sydney, Australia, January 5, 2022. REUTERS/Jaimi Joy Continue Reading
Bloomberg News For those dismayed at the searing heat afflicting much of the planet, some sobering news from the world’s biggest coal industry: the dirtiest fossil fuel will remain China’s Continue Reading
High LNG prices have made the commodity significantly less popular in China. Coal-supportive policies are making coal-fired power more attractive. Lower power demand as a result of China’s strict covid Continue Reading
ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by Continue Reading
In the second quarter of 2022, the Permian Basin attracted nearly half of all oil and gas investments in the U.S. as the importance of energy security grows. This investment Continue Reading
As anticipated, U.S. President Joe Biden refrained from declaring a climate emergency, which would grant him additional powers to deal with a national climate crisis, during his speech Wednesday at Continue Reading
Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over Continue Reading
The US Postal Service plans to boost its purchase of EVs based on what it says are refinements to the Postal Service’s overall network modernization, route optimizations, improved facility electric Continue Reading
The Department of the Interior has announced steps to bring the opportunity of offshore wind energy to the Gulf of Mexico. In response to President Biden’s call to advance offshore Continue Reading
Highlights Moscow’s shipped crude exports fall 300,000 b/d on month EU remains a key buyer of Russian oil in July Russian oil products head to Fujairah storage hub Russian seaborne Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
