Nigeria released some funds owed to international air carriers to try and avert a crisis in the aviation sector amid warnings of flight suspensions from operators including Dubai’s Emirates Airline. Continue Reading
Tens of thousands of people fled their homes in northern Pakistan on Saturday after a fast-rising river destroyed a major bridge, as deadly floods cause devastation across the country. Powerful Continue Reading
Next month marks the 25th anniversary of the Sino-Kazakh intergovernmental agreement on cooperation in the oil and gas industry, which has seen China invest $45 billion. While the amount invested Continue Reading
Customers at a food market in Shanghai, China. Bloomberg News Economists are turning more bearish about China’s economy, downgrading their growth forecasts further for 2022 and seeing lingering risks into Continue Reading
Bloomberg News China’s southwestern province of Sichuan restored most power supplies for industries and businesses by Sunday noon after restrictions lasting about two weeks, according to state television . Power Continue Reading
More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave Continue Reading
Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short-term. Power cuts and Continue Reading
The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer to Continue Reading
(LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals. This time, companies are focusing on smaller Continue Reading
“I’m not one of these coal or nothing people. You’ve got to diversify your energy,” said Mr. Zeigler, a physical-therapist assistant. He and his wife have spent less on clothes, Continue Reading
The federal government declared a regional emergency in the states of Illinois, Michigan, Indiana, and Wisconsin following a fire that broke out at a BP-owned refinery in Whiting, Indiana. The Continue Reading
France is readying a plan to subsidize electric-car leasing as part of President Emmanuel Macron’s campaign pledge to make them more affordable. The scheme will make EVs available for 100 Continue Reading
Energy regulator Ofgem has officially announced a new price cap for household energy bills, increasing the cap to £3,549 per year from the current price of £1,971. The price cap Continue Reading
European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned and some traders took profits after the rally of Continue Reading
A team from the U.N. nuclear watchdog headed on Monday to Ukraine’s Zaporizhzhia nuclear plant, the agency’s chief said, as Russia and Ukraine traded accusations of shelling in its vicinity, Continue Reading
European Union defense and foreign ministers, meeting in Prague this week, will discuss options for setting up an EU military training mission for Ukrainian forces and also look into calls Continue Reading
Party support renationalizing the country’s energy industry, according to a survey published on Monday, as soaring energy prices put pressure on household budgets. The government has been facing growing calls Continue Reading
Germany’s gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe’s biggest economy could avoid acute gas shortages this winter. “The reservoirs Continue Reading
A 9 billion-euro ($9 billion) offshore wind power hub planned in the Baltic Sea will mark a significant step in the process of weaning Europe off its reliance on Russian Continue Reading
Countries across Europe are rushing to install new LNG import facilities as quickly as possible. That’s what Matteo Illardo, Europe analyst for RANE risk intelligence, told Rigzone, adding that most Continue Reading
– Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings Continue Reading
The global diesel market looks set to get even tighter. The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for August 2022 was published recently. The last month reported in most of the OPEC charts that follow is July 2022 and output Continue Reading
A car heads south on a bridge over a mostly dry Platte River, south of Columbus, Nebraska, on July 28. Waterways have dried to a trickle thanks to droughts and Continue Reading
Numerous OPEC+ ministers have bemoaned oil prices volatility in recent weeks. Standard Chartered: when OPEC+ says volatility, what they really mean is ‘falling crude prices’ StanChart sees oil’s fundamentals as Continue Reading
The UAE could support OPEC+ production cuts. Some OPEC+ producers, including Iraq, Venezuela, and Kazakhstan, have also signaled support for new production restrictions. OPEC+ meets next on September 5 to Continue Reading
Iraq has ambitions to improve electricity supply using solar power, but those plans are being delayed by disputes over payment terms, inexperience among senior officials in dealing with solar agreements, Continue Reading
Intense fighting erupted in the Libyan capital overnight and lasted into Saturday morning, with rival factions exchanging heavy gunfire and the sounds of several loud blasts ricocheting around the city. Continue Reading
Shanghai’s famous Bund went dark on Monday as authorities turned off the waterfront district’s decorative lights to save energy. China extended power cuts in some areas to cope with soaring Continue Reading
Bloomberg News Profits at industrial firms in China fell in the first seven months of the year as the economy continued to grapple with Covid disruptions and an ongoing slump Continue Reading
Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading
Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading
Highlights Groups urge EPA to withhold necessary waiver Point to faster, more affordable options for cleaner transportation Worry about additional strain on over-burdened grid Oil refiners and ethanol producers expressed Continue Reading
On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – Continue Reading
United Nations atomic agency inspectors are poised to make an emergency visit to Ukraine’s Russia-occupied Zaporizhzhia nuclear power plant early next week, after a breakthrough in negotiations over access , Continue Reading
After weeks of fraught negotiations with Russia and Ukraine, the International Atomic Energy Agency has assembled a team of experts to visit the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine Continue Reading
Russia is flaring natural gas at the Portovaya plant near the Finnish border while drastically cutting gas flows via the Nord Stream pipeline to Germany, a Rystad Energy analysis shared Continue Reading
Cummins is powering the world’s first fleet of hydrogen trains in Bremervörde, Lower Saxony, Germany. The Alstom Coradia iLint trains ( earlier post ) are outfitted with Cummins fuel cell Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Swiss UBS strategists predict that oil will rebound to $125 in the coming months as fundamentals point to higher prices, spare capacity is ebbing and inventories are at multi-year lows. Continue Reading
There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE. There’s basically a bidding war now between Asia and Europe Continue Reading
s High gas prices impede infrastructure growth India’s 2022 LNG imports set to drop 12% on year: S&P Global Rationing of supplies amid tight availability Lofty global LNG prices and Continue Reading
High oil prices have been beneficial for OPEC+, an alliance of oil-producing countries that controls more than half of the world’s output. WSJ’s Shelby Holliday explains what OPEC+ countries are Continue Reading
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Surging natgas prices have added to power price pressures ERCOT broke demand records 11 times this summer Line congestion woes put $2.1 bln strain on producer costs Aug 25 (Reuters) Continue Reading
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs Continue Reading
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas Continue Reading
The last regular line supplying electricity to Ukraine’s Russian-held Zaporizhzhia nuclear power plant is working again after being cut earlier on Thursday, the United Nations said, an outage that underlined Continue Reading
