Prices are listed at a gas station in Rome earlier this year. Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of Continue Reading
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates Continue Reading
WATCH: Amrita Sen, Founder and Director of Research at Energy Aspects, discusses her outlook for energy markets. Oil posted its longest stretch of weekly losses this year as central banks Continue Reading
Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation Continue Reading
Crude oil is Colombia’s largest export responsible for around a third of the Andean country’s total exports by value. Colombia’s lack of proven oil and natural gas reserves, and the Continue Reading
A driver holds a fuel nozzle at a gas station in Sacramento, California. Photographer: David Paul Morris/Bloomberg The US is running low on gasoline on the West Coast and in Continue Reading
While Joe Biden was busy throttling the latest Corvette with car executives at the Detroit auto show last week, much of the rest of the industry filed into a jam-packed convention Continue Reading
Confidence is increasing that a tropical storm developing in the Caribbean will intensify into a hurricane by Monday and strike Florida around Wednesday. The National Hurricane Center declared that the Continue Reading
The number of total active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
The Strategic Petroleum Reserve, which was established in 1975 as a reaction to the 1973 oil embargo, is now at its lowest level since December 1984. Ultimately, the SPR is Continue Reading
Water is growing more scarce due to climate change. Water scarcity could derail the green energy boom, and even hinder fossil fuel production. With rising concerns over water scarcity, mainly Continue Reading
Highlights Plan supports 2030, 2050 SAF production goals Output of 60 billion gal/year of advanced biofuels seen possible Aviation industry shows support for new roadmap The departments of Energy, Transportation Continue Reading
Forecasters indicate the U.S. could see a strong hurricane enter the Gulf of Mexico by mid-week. (The views and opinions expressed in this article are those of the attributed sources Continue Reading
Powerful storm Fiona slammed into eastern Canada on Saturday with hurricane-force winds, nearly a week after devastating parts of the Caribbean. The U.S. National Hurricane Center said the center of Continue Reading
The United States is not currently considering a ban or restrictions on oil products exports, U.S. Energy Secretary Jennifer Granholm said on Friday. With WTI falling below $80 per barrel Continue Reading
European Union countries are pushing for guarantees that they can keep their own windfall profit levies on energy companies, and retain the option to impose even tougher measures, alongside bloc-wide Continue Reading
Russia’s offline primary oil refining capacity was revised down by 3.6% for September from the previous plan to 4.233 million tonnes, according to sources and Reuters calculations. Russia’s offline primary Continue Reading
The tide of international opinion appears to be decisively shifting against Russia, as a number of non-aligned countries are joining the United States and its allies in condemning Moscow’s war Continue Reading
Russian natural gas exports to Europe have dropped by more than 82% in one year, according to Spain’s Energy Transition Minister Teresa Ribera. “In just a year, the flow of Continue Reading
Poland has secured its supply of natural gas and coal for the coming winter heating season, the country’s largest oil and gas firm and a senior politician from the ruling Continue Reading
Winter power demand across the EU’s main gas-fired power markets is forecast some 5.3% below the five-year average, analysis by S&P Global Commodity Insights shows. November-to-March demand in eight EU Continue Reading
Normal temperatures are set to return by the start of October when wind generation will increase too. Photographer: Angel Garcia/Bloomberg An Arctic chill that’s blowing across western Europe through next Continue Reading
Belgium announced on Friday that its Doel 3 nuclear reactor will disconnect from the grid and cease operations, even as the country fears blackouts this winter. It is one of Continue Reading
Europe May Rely on Coal More in Winter, Kung Says The UK may still face energy shortages this winter even after resorting to burning coal, with less power flowing through Continue Reading
Oil headed for a fourth weekly decline after a raft of interest-rate hikes around the world darkened the outlook for energy demand. West Texas Intermediate futures edged below $82 a Continue Reading
Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilization campaign in its war with Ukraine Continue Reading
Oil rose on Thursday after sliding 1% in the previous session on the prospect of higher Chinese demand and geopolitical risks. Brent crude futures were up $1.09, or 1.21%, to Continue Reading
Highlights Low-carbon hydrogen growing fast, from low base Electrolyzer production capacity to jump by 2025 Green hydrogen cost competitive in best locations The International Energy Agency sees momentum building in Continue Reading
Things may appear better in China than they are, at least as far as the country’s metals and minerals markets are concerned. However, China still remains the go-to destination for Continue Reading
The global economy outside the U.S. is stuttering, knocked off course by soaring inflation, an energy crisis and now Russia’s nuclear war threats . Business surveys published on Friday indicate Continue Reading
Short term gas demand growth has made near-term economics of LNG projects very favorable. European countries are rushing to deploy floating LNG import vessels this autumn. LNG exporters that came Continue Reading
Winter is coming, and it could add even more pressure on the world, which is already grappling with an ongoing energy crisis. Some analysts and officials believe renewable energy could Continue Reading
Libya’s oil production rose by 3,000 barrels per day (bpd) to 1.186 million bpd on Thursday, according to the National Oil Corporation (NOC), as the African OPEC member exempted from Continue Reading
Government signed ‘very tough’ agreement with the IMF, he says Nation ravaged by disaster, and political, economic turmoil WATCH: Pakistan Prime Minister Shehbaz Sharif made an urgent appeal for debt Continue Reading
India’s thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow Continue Reading
In September, Indian refiners are not expected to buy any ESPO crude from Russia because of the higher shipping rates. African and Middle East crude becomes more attractive as shipping Continue Reading
Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy. China’s 1,300-mile border with Myanmar traverses some of the most rugged Continue Reading
China’s manufacturing steel demand rebounded in August and is expected to improve further in September and October on higher seasonal manufacturing activity, but market sources told S&P Global Commodity Insights Continue Reading
Five days after Hurricane Fiona made landfall in Puerto Rico, some 970,000 households and businesses remain without electricity — nearly two-thirds of subscribers — while more than 437,000 people don’t Continue Reading
Hayley Hollands, an attorney, and her husband Steve Beaman, an oil worker, who As Texas officials moved to restrict abortion, promote Christianity in schools and the state’s power grid teetered Continue Reading
California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters in homes, a move environmentalists are betting will Continue Reading
California is finally poised to lift parking requirements across the state. Here’s why that would be a huge win for the climate. Los Angeles, home of ample parking. Photo by Continue Reading
The cost of setting up an electric-car charging station can vary greatly, according to our latest Commercial EV Charger Price Survey which looks at how hardware and installation costs are Continue Reading
Moody’s: energy sector remains a strong performer in 2023, but earnings won’t be as good as in 2022. Moody’s: Energy prices are expected to remain cyclically strong through 2023. Moody’s Continue Reading
A combine harvester is used to harvest wheat at a farm in Orel, Russia. Photographer: Andrey Rudakov/Bloomberg Russia’s wheat harvest could reach a historic 100 million tons, according to consultant Continue Reading
Turning off lights, lowering thermostats and installing motion detectors are among the ways central European governments have begun energy saving, as part of efforts to trim costs and avoid shortages Continue Reading
