Highlights Levels at Kaub chokepoint fall to critical point of 30 cm Barge rates surge on low water levels Switzerland draws from stocks to cope with demand Disruptions to supplies Continue Reading
Explosions rocked an ammunition depot and disrupted trains in Russian-annexed Crimea on Tuesday, the latest such incident in a region Moscow uses as a supply line for its war in Continue Reading
Videos shared on social media by Ukrainian media and officials showed a large fire and plumes of smoke with the sound of explosions crackling. Ukraine didn’t claim responsibility for the Continue Reading
On a sunny October morning, the nation’s top intelligence, military and diplomatic leaders filed into the Oval Office for an urgent meeting with President Biden. They arrived bearing a highly classified Continue Reading
: Explosions seen at an arms depot in Maiske in Crimea A week after an apparent Ukrainian attack on a Russian military base in occupied Crimea, an arms store on Continue Reading
Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear Continue Reading
Crude oil futures were lower in mid-morning Asian trade Aug. 15 on profit-taking amid a lack of fresh cues and after the ICE Brent marker briefly retook $100/b late last Continue Reading
Latest OPEC MOMR sees oil market surplus. OPEC sees slower crude demand growth than the IEA. OPEC may be moving to cut production again after it wound down output cuts Continue Reading
A model of 3D printed oil barrels is seen in front of displayed stock graph going down in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration LAUNCESTON, Australia, Aug 15 Continue Reading
Iran will respond to the European Union’s “final” text by midnight on Monday, Iranian Foreign Minister Hossein Amirabdollahian said, calling on the United States to show flexibility to resolve three Continue Reading
Whether or not Tehran and Washington accept a European Union “final” offer to revive the 2015 Iran nuclear deal, neither is likely to declare the pact dead because keeping it Continue Reading
Since the beginning of the war in Ukraine, Russia has cut off oil exports from Kazakhstan through its territory twice. The Chinese government has signaled that it will not tolerate Continue Reading
Diesel, gasoline, jet fuel shipments to drop 30%-40% from 2021 August exports of diesel to top 1 mln T for first time in a year Full-year fuel export volumes to Continue Reading
BlackRock’s Wei Li says equity markets are not “appropriately” pricing in a growth slowdown in the US and Europe. U.S. equity-index futures slipped, stocks were mixed and commodities from oil Continue Reading
Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts. “No one is Continue Reading
China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore Continue Reading
A quarter of the US land area, home to more than 100 million people, will be subjected to temperatures of more than 125F (52C) in three decades, including states with Continue Reading
Britain’s main opposition Labour Party called on Monday for the energy price cap to be frozen to help the public deal with another expected surge in fuel bills during the Continue Reading
As everyone knows, electricity prices in Europe have soared, due to a combination of factors, most prominently Russia’s war in Ukraine and the curtailing of natural gas supplies. But how Continue Reading
German natural gas consumers will have to pay extra 2.419 euro cents per kilowatt hour as the country tries to distribute higher energy costs among consumers after Russia curbed flows Continue Reading
The first sign of danger came when the dwindling crew of Ukrainian technicians running the Zaporizhzhia nuclear-power station noticed that officers from Russia’s state atomic energy company had left the Continue Reading
In Ukraine’s east, firefighters worked Saturday at a house hit by shelling in the city of Bakhmut. KYIV, Ukraine—Ukraine’s President Volodymyr Zelensky accused Russia of using Europe’s largest nuclear power Continue Reading
Saudi Aramco plans to raise its sustainable production capacity to 12.3 million b/d by 2025 as the world’s largest oil-exporting company accelerates plans to bring additional output to market to Continue Reading
European oil majors are scrambling to ramp up investment in renewable energy. Big Oil is increasingly eyeing opportunities in the booming offshore wind market. Oil companies can use their offshore Continue Reading
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins. Aramco joins oil Continue Reading
Weeks after followers of an influential cleric stormed parliament, Iraq’s political crisis shows no signs of abating, despite rising public anger over a debilitating gridlock that has further weakened the Continue Reading
There are plenty of promising oil and gas opportunities in Africa, but the global transition away from carbon-intensive energy sources makes it a controversial issue. With global demand for oil Continue Reading
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan. On the 18th of July, Continue Reading
Ukraine’s President Volodymyr Zelenskiy has warned Russian soldiers who shoot at Europe’s largest nuclear power station or use it as a base to shoot from that they will become a Continue Reading
The United Nations-chartered ship MV Brave Commander will depart Ukraine for Africa in the coming days after it finishes loading more than 23,000 metric tonnes of wheat in the Ukrainian Continue Reading
Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes Continue Reading
Russia’s Gazprom (GAZP.MM) has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday. European Union Continue Reading
Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in Continue Reading
Germany must cut its gas use by a fifth to avoid a crippling gas shortage this winter, its top network regulator said, as businesses and households brace themselves for Europe’s Continue Reading
Highlights US pump prices fall below $4/gal for first time since early March ‘Substantial’ gas-to-oil switching in Europe amid gas crunch: IEA Crude oil futures were lower in mid-morning Asian Continue Reading
– Oil prices were down slightly on Friday but set to rise on the week as recession fears eased through an uncertain demand outlook capped gains. Brent crude futures were Continue Reading
The stock market has notched the year’s best stretch of gains, as investors take comfort from early signals that inflation is slowing and the economy is holding up. The S&P Continue Reading
The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging Continue Reading
Moody’s cites inflation, lira devaluation, unorthodox policy Turkey’s rating was cut deeper into junk by Moody’s Investors Service as balance-of-payments risks mount and authorities struggle to stabilize the lira and Continue Reading
Unnamed Iranian diplomat says that proposal for nuclear deal by EU could be acceptable. Iran has been seeking assurances that no other U.S. president could unilaterally withdraw from the deal. Continue Reading
Military recovers 3.75 mil barrels of stolen crude Nigeria losing close to 400,000 b/d oil output to theft: NNPC Bonny Light, Forcados exports remain disrupted Nigerian security agencies have scaled Continue Reading
Kazakhstan will re-route some of its export oil to a pipeline in Azerbaijan as the Caspian Pipeline Consortium channel remains at risk of further suspensions, Reuters has reported , citing Continue Reading
Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is Continue Reading
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, Continue Reading
The number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. It is the second Continue Reading
Six oil and gas fields in the Gulf of Mexico have been shut. Six oil and gas fields in the Gulf of Mexico have been shut after a leak at Continue Reading
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some Continue Reading
California Governor Gavin Newsom is proposing to give PG&E Corp (PCG.N) a $1.4 billion government loan to extend the life of a nuclear power plant it runs by as much Continue Reading
Talk about hot nights, America got some for the history books last month. The continental United States in July set a record for overnight warmth, providing little relief from the Continue Reading
Cleaner air, greener cities, shifted politics: Experts speculate on likely outcomes by the decade’s end from $374 billion in US climate spending. The landmark bill could pave the way for Continue Reading
