In 1969, President Richard Nixon’s adviser Daniel Patrick Moynihan wrote a memo describing a startling future. The increase of carbon dioxide in the atmosphere caused by burning oil, gas and coal, Mr. Continue Reading
WTI oil prices have given up nearly all their gains since Russia invaded Ukraine, falling roughly 9.5% over the course of the week amid fears oil demand is collapsing. Some Continue Reading
As President Biden is reminding everyone who will listen, gasoline prices in the United States have been falling for 50 days straight. A debate has been raging over exactly how Continue Reading
The U.S. Senate has passed the Inflation Reduction Act of 2022. The U.S. Senate has passed the Inflation Reduction Act, which will now head to the U.S. House Of Representatives. Continue Reading
Aug 8 (Reuters) – U.N. Secretary-General Antonio Guterres called on Monday for international inspectors to be given access to the Zaporizhzhia nuclear plant after Ukraine and Russia traded accusations over Continue Reading
Siemens Energy (ENR1n.DE) , which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 Continue Reading
Energy companies have urged the UK to take “urgent” action over the amount of “toxic” and “hazardous” contaminants in the gas it is processing for export to the EU. They Continue Reading
Gazprom’s future is facing increasing uncertainty as Europe races to reduce its dependence on Russian gas. Gazprom possesses the world’s largest reserves of natural gas, but losing one of its Continue Reading
A second convoy of four vessels sailed from Ukraine’s deep sea ports Aug. 7, following the first convoy on Aug. 5, showing the feasibility of the “humanitarian maritime corridor” for Continue Reading
As President Biden is reminding everyone who will listen, gasoline prices in the United States have been falling for 50 days straight. A debate has been raging over exactly how Continue Reading
Afghanistan has struggled to pay its energy debts due to sanctions on the Taliban government. While the country has been able to settle outstanding debts owed to Uzbekistan, it is Continue Reading
China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could Continue Reading
China shortened the length of suspensions for inbound airline flights that carry passengers infected with Covid-19, the latest sign the nation may be ready to ease virus-control measures for international Continue Reading
China’s export machine remained surprisingly resilient in July following a strong bounceback from the spring’s harsh Covid-19 restrictions, defying again predictions of softening global demand for Chinese-made goods. Chinese shipments Continue Reading
The Senate continued to plow through a series of amendments on Democrats’ climate and tax package , closing in Sunday on passing elements of President Biden’s agenda that have languished Continue Reading
Democrats drove their election-year economic package toward Senate approval early Sunday, debating a measure with less ambition than President Joe Biden’s original domestic vision but that touches deep-rooted party dreams Continue Reading
Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Continue Reading
Aug 7 (Reuters) – The head of the International Atomic Energy Agency raised grave concern about shelling at a nuclear power plant in Ukraine, as its military said Russian forces Continue Reading
Four ships carrying Ukrainian foodstuffs sailed from Ukrainian Black Sea ports on Sunday as part of a deal to unblock the country’s sea exports, Ukrainian and Turkish officials said. The Continue Reading
Turkey’s President Tayyip Erdogan and Russia’s President Vladimir Putin agreed on Friday to bolster cooperation after a four-hour meeting, a joint statement from the two nations has revealed as cited Continue Reading
Oil prices settled higher on Friday, recouping some of this week’s losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by Continue Reading
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months. West Continue Reading
Nigeria said it owes 20 trillion naira ($47 billion) to its central bank and the obligations are yet to be added to the African nation’s outstanding public debt, according to Continue Reading
Kazakhstan’s Kashagan field was shut down after a gas leak was detected on Thursday. No people were harmed, and no excessive pollution was detected following the gas leak detected on Continue Reading
Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day — and sometimes more Continue Reading
Energy pipeline operator Energy Transfer LP has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with Continue Reading
The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July as employers clamored for workers despite a slowdown in economic Continue Reading
Congressional Republicans are ramping up pressure on the oil-and-gas industry to take an aggressive stance against the Democrats’ tax-and-climate bill , frustrated that the industry hasn’t done more to help Continue Reading
Josh Halliburton HAL 1.91%▲ joined Ford F -0.46%▼ Motor Co. in January to help improve its shaky quality record. Within months it was clear how big a challenge he faced. Continue Reading
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
The Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and include munitions for long-range weapons and armored medical Continue Reading
Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the year, stepping up pressure in the sanctions stand-off Continue Reading
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian supplies, despite Poland Continue Reading
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Continue Reading
Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to Continue Reading
French Prime Minister Elisabeth Borne warned that France is facing its “most severe drought” ever recorded and announced the activation of a government crisis unit. Borne said in a written Continue Reading
The first convoy of ships carrying Ukrainian grain sailed from the port of Odessa, in a sign that last month’s agreement with Russia on facilitating Ukrainian food exports is holding Continue Reading
Russian forces at Ukraine’s Zaporizhzhia nuclear power plant have likely undermined the security and safety of the plant’s operations, the UK’s defence ministry says. Europe’s largest nuclear plant has been Continue Reading
Highlights 42% of UK adults cut back on non-essential vehicle travel 51% cutting household gas, electricity use Signs of demand destruction as BOE warns of 13% inflation More evidence of Continue Reading
Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food Continue Reading
“In Switzerland, we’re not used to the idea of droughts”, said Sonia Seneviratne, professor of land-climate dynamics at ETH Zurich research university. “We see ourselves as being this water fortress Continue Reading
Oil headed for the biggest weekly decline since early April on increasing evidence that a global economic slowdown is destroying demand, with prices near the lowest level in six months. Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
Oil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets. West Texas Intermediate fell 2.3% to $88.54 a barrel, Continue Reading
An Overview At this point in time, probably all American adults are aware that the price of oil, or at least gasoline and diesel fuel, are much higher than they Continue Reading
Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… The ongoing heatwave in Europe Continue Reading
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis this winter, sources Continue Reading
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings. The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Continue Reading
OPEC+ has agreed to raise oil production by 100,000 bpd following calls from other world powers to ramp up output. The lackluster response from OPEC hints that the bloc may Continue Reading
Saudi Arabia and the United Arab Emirates have been working to increase their domestic gas production. Middle East oil and gas producers see an opportunity for long-term LNG supply contracts Continue Reading
