As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have Continue Reading
Hungary’s biggest refiner said it has paid Russia’s transit fee to Ukraine to resolve a dispute that has led to a halt in oil flows to central Europe. Mol Nyrt., Continue Reading
The Rhine is the lynchpin of Europe’s network of inland waterways. From the Rhine to the Danube, waterways are failing at the worst possible moment as the climate crisis worsens. Continue Reading
While politicians and economists might debate exactly what constitutes a recession, the reality of an economic slowdown is impossible to ignore. The most recent signal that Europe may soon face Continue Reading
Oil slipped after posting its biggest gain in more than a week on Monday as investors monitored US-Iran nuclear talks and the outlook for demand amid an economic slowdown. West Continue Reading
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which Continue Reading
Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for Continue Reading
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors Continue Reading
Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm. Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new Continue Reading
A conservative model of future World Crude plus Condensate (C+C) output is presented below with an average decline rate of 2.8% from 2040 to 2110. From 1933 to 1972 World Continue Reading
The United States stands ready to “quickly conclude a deal” to revive the 2015 Iran nuclear agreement on the basis of proposals put forward by the European Union, a State Continue Reading
Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy (SEPLAT.LG) , in a $1.28 billion deal announced in February. Buhari, who Continue Reading
IOCs get blacklisted from operating in Iraqi Kurdistan. Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way Continue Reading
Iraq’s Oil Ministry has added Russia’s Gazprom and the UAE’s Dana Gas to its list of legal targets in a campaign to invalidate the Kurdistan region’s contracts with international oil Continue Reading
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this on Monday when Continue Reading
A third crude tank caught fire and collapsed at Cuba’s main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank Continue Reading
China’s homegrown new-energy vehicle makers are booming as demand surges, with sales now forecast to hit a record six million this year in the world’s largest auto market. Warren Buffett-backed Continue Reading
South Korea’s heaviest rainfall since World War II submerged cars on the streets, flooded subway stations and left at least eight people dead. The downpours also hit neighboring North Korea, Continue Reading
Highlights Bilateral climate agenda moves from collaboration to competition COP27 outcomes could be impacted Green hydrogen, CCUS, methane reduction likely to be hit China’s suspension of climate dialogue with the Continue Reading
After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate’s Inflation Reduction Act is poised to become the largest U.S. climate legislation in history. Continue Reading
Gas stations in the US are selling plenty of fuel, even as government data shows a steep drop in wholesale gasoline demand. The amount of retail gasoline sold in the Continue Reading
The strong gusts blowing off the coasts of Puerto Rico, Guam and other US territories offer big green energy potential — but for decades, a quirk in federal law meant Continue Reading
Battery-powered vehicles are considered essential to the fight against climate change, but most models are aimed at the affluent. Ford has stopped taking orders for Lightning electric pickups, with a Continue Reading
At one weather station in Fairbanks, Alaska, each hour of rainfall is about 50 percent more intense, on average, than it was a half-century ago. The Wichita area is experiencing rains Continue Reading
Reducing the workweek to four days could have a climate benefit, advocates say. In addition to improving the well-being of workers, they say slashing working hours may reduce carbon emissions. It’s Continue Reading
Despite steadily falling gas prices during the peak of the summer driving season, fewer drivers fueled up last week. It’s another sign that, for now, Americans are changing their driving Continue Reading
The U.S. Energy Information Agency (EIA), has forecasted in their most recent edition of the Short Term Energy Outlook-STEO, a rise in U.S. production of about 800K BOEPD by the Continue Reading
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming Continue Reading
Lower US temperatures forecast through Aug. 13 US Northeast temps forecast to see largest drop A forecast break from very hot weather in the US Northeast and Midwest is expected Continue Reading
Russian airlines, including state-controlled Aeroflot (AFLT.MM) , are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The Continue Reading
– The Zaporizhzhia nuclear power plant in southern Ukraine has been shelled in recent days, opening up the possibility of a grave accident just 500 km (around 300 miles) from Continue Reading
A tanker of U.S. sour crude was delivered at Germany’s port of Rostock last week for the first time ever, according to sources, analysts, and vessel tracking data, as local Continue Reading
The average annual UK gas and electricity bill rose from £1,400 in October 2021 to £2,000. Analysts are predicting that average energy bills could climb even higher, with the lowest Continue Reading
The head of the International Atomic Energy Agency, Rafael Mariano Grossi, has warned that there is a “very real risk of a nuclear disaster” due to the situation around the Continue Reading
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030 due to the Ukraine war and high energy prices, spelling negative effects for the Continue Reading
In a growing challenge to Russia’s grip on occupied areas of southeastern Ukraine, guerrilla forces loyal to Kyiv are killing pro-Moscow officials, blowing up bridges and trains, and helping the Continue Reading
As many as 80,000 Russian troops have been wounded or killed in less than six months of fighting in Ukraine , the Pentagon said Monday, the first time the U.S. Continue Reading
Norway is to curb electricity exports to Europe if water levels for its hydropower plants remain low in a blow to hopes that the Nordic country could help ease its Continue Reading
Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China Continue Reading
Tanker trucks sit on a gravel median waiting to be dispatched to drill sites in the Permian Basin area of Loving County, Texas. Photographer: Angus Mordant/Bloomberg Bloomberg News Oil shook Continue Reading
With a European ban on Russian crude and fuels looming, diesel markets are set to tighten even further despite weak economic growth. Distillate fuel inventories in the U.S. just witnessed Continue Reading
Iran’s chief negotiator in the nuclear talks, Ali Bagheri-Kani, in Vienna on Thursday. The U.N. probe into the man-made nuclear material found in Iran is highly sensitive for Tehran, which Continue Reading
Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China Continue Reading
*Deficit exceeds 700,000bpd despite assurances of increased drilling The expectation that Nigeria’s current dollar crunch could subside soon has again been dashed as the country’s crude oil production remained below Continue Reading
Highlights July production falls 89,256 b/d to 1.31 million b/d Bonny Light hits lowest level in decades, force majeure still in effect Political risks could deteriorate ahead of 2023 elections Continue Reading
China’s imports of major commodities presented a mixed picture in July, with crude oil undeniably weak, but some signs of life in industrial metals such as copper and iron ore. Continue Reading
China took a notable regulatory step in the field of driverless taxis, with two cities giving Baidu Inc. BIDU -1.61%▼ approval to operate ride-hailing services without a driver or a Continue Reading
At one weather station in Fairbanks, Alaska, each hour of rainfall is about 50 percent more intense, on average, than it was a half-century ago. The Wichita area is experiencing rains Continue Reading
China’s crude oil imports remained weak, as expected, in July, edging up a mere 0.9% to 8.83 million b/d from the 47-month low in June amid destocking activity and slow Continue Reading
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon intense and less Continue Reading
