API Sees Crude, Product Inventory Builds
The American Petroleum Institute (API) reported a build this week for crude oil of 1.035 million barrels, while analysts predicted a bigger build of 2.321 million barrels. The build comes Continue Reading
US oil, gas leasing faces another hurdle as Dems float bill to align policy with climate goals
Highlights Bill calls for regularly updated emissions reduction strategy Republicans say it ‘triples down’ on high energy costs Democratic US House members Sept. 20 sought another pause on federal oil Continue Reading
John Kerry Sees Frozen US-China Climate Talks Possibly Resuming
There’s still room for progress on climate talks with China despite its suspension of global warming discussions with the US, John Kerry said on Tuesday. Kerry, the US special presidential Continue Reading
Electric-Car Demand Pushes Lithium Prices to Records
Demand for lithium is expected to outpace global supply as consumers switch to battery-powered vehicles. With China currently leading in processing of the vital raw material, the U.S. government is Continue Reading
U.S. Gas Prices End Streak of Declines Just Short of 100 Days
A 99-day stretch of declines in the average U.S. national gasoline price came to an end on Wednesday, a sign that the effect of falling fuel costs, which have recently Continue Reading
Electric planes could be in the skies by 2028. But big hurdles remain.
For years, scientists have clamored for quiet, climate-friendly airplanes that rely on batteries instead of jet fuel. Now, they’re closer to putting them into the skies. A handful of airlines, Continue Reading
Major Fire Breaks Out At BP Refinery In Ohio
A fire broke out at a refinery operated by BP in Toledo, Ohio, on Tuesday, with two people injured, according to a spokeswoman for the company. The refinery was shut Continue Reading
U.S. Senator Manchin to unveil energy permitting measure on Wednesday
U.S. Senator Joe Manchin will unveil his full energy permitting bill on Wednesday to speed fossil fuel projects and offer incentives for renewable energy electricity transmission, legislation that faces an Continue Reading
Hertz Plans to Buy 175,000 Electric Vehicles From GM Over Five Years
Hertz Global Holdings Inc. plans to buy as many as 175,000 electric vehicles from General Motors Co. over the next five years, the latest major step by the rental giant Continue Reading
Biden to Skip United Nations Meeting as Climate Change Moves to ‘Back Burner’
President Joe Biden is set to miss a United Nations roundtable on climate action Wednesday afternoon in New York, stoking concern that other G-7 leaders will also forgo the session Continue Reading
How a Quebec Lithium Mine May Help Make Electric Cars Affordable
About 350 miles northwest of Montreal, amid a vast pine forest, is a deep mining pit with walls of mottled rock. The pit has changed hands repeatedly and been mired Continue Reading
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the Continue Reading
Putin mobilises more troops for Ukraine, accuses West of ‘nuclear blackmail’
Russian President Vladimir Putin on Wednesday called up 300,000 reservists to fight in Ukraine and said Moscow would respond with the might of all its vast arsenal if the West Continue Reading
Russia’s partial mobilization increasing energy sanctions risks
Russia’s declaration of a partial mobilization and plans for occupied areas of Ukraine to hold referenda on joining Russia have raised the risk that Western countries will introduce harsher sanctions. Continue Reading
Russian Oil Flows Dive, Hurting Putin’s War Chest
Russia’s seaborne crude flows have plunged so far in September; lower export duty rates in October will be another hit to revenue Russia to Flood Asia With Fuels Russia’s seaborne Continue Reading
Germany nears nationalisation of gas giant Uniper
Germany is nearing a nationalization of gas importer Uniper (UN01.DE) in the wake of an energy crisis that has left the government of Europe’s top economy with few other options Continue Reading
U.S. senators want secondary sanctions on Russian oil
Democratic and Republican senators urged U.S. President Joe Biden’s administration on Tuesday to impose secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Continue Reading
U.S. Shores Up Ukraine Aid as Energy Crisis in Europe Looms
In promising Ukraine billions of dollars in long-term military aid, the Biden administration is seeking to prove that U.S. support in the war can outlast Russia’s determination. Rallying American lawmakers Continue Reading
France Prepares To Nationalize Its Struggling Nuclear Industry
The French government already owns 84% of Électricité de France, but it is now planning to fully nationalize the company just as the company warns of a huge 29 billion Continue Reading
EU Willing To Pay Up For Russian Diesel Ahead Of Ban
The EU may have a plan to ban all Russian diesel purchases in February, but in the meantime, European buyers are happy to pay more for Russian diesel now than Continue Reading
German gas storage tops 90% as Scholz eyes LNG supply from UAE, Qatar
Highlights Full storage not a substitute for energy savings: ministry Germany needs LNG supplies for five state-backed FSRUs UAE, Qatar seen as potential long-term LNG suppliers German gas storage facilities Continue Reading
UK eases pressure on business by halving energy bills this winter
Britain pledged on Wednesday to cap wholesale electricity and gas costs for businesses at less than half the market rate from next month, helping relieve the pressure of soaring energy Continue Reading
Europe burns cash to help businesses in deepening energy crisis
Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and Continue Reading
Europe’s Deepening Energy Crisis Pushes Bill to $500 Billion
The bill for Europe’s energy crisis is nearing 500 billion euros ($496 billion) as governments rush to soften the blow of soaring prices, according to the Bruegel think-tank. The European Continue Reading
Oil Edges Higher as Dollar Weakness Overcomes Rate-Hike Fears
Oil Steadies Ahead of Fed Rate Decision Oil eked out a meager gain as the dollar weakened, with much of the market waiting to see what the Federal Reserve will Continue Reading
Oil falls more than 1.5% on demand fears and strong dollar
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply Continue Reading
Global crude oil demand continues to decelerate
Growth in global crude oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD region, global energy body International Energy Agency said Continue Reading
New Energy Harvesting Tech Could Bring Power To Remote Regions
Brian is the editor of the popular energy technology site New Energy and Fuel. The site’s mission is to inform, stimulate, amuse and abuse the… Piezoelectric fiber can produce electrical Continue Reading
Approaching peak phosphorus
Any long-term solution to the projected decline in phosphate supply must involve improving phosphorus use efficiency in crop plants. In times of rising food prices and global food insecurity it Continue Reading
OPEC Update, September 18, 2022
View full article at peakoilbarrel.com
Iran Aggressively Discounts Crude In Bid To Seize Back Market Share
In an attempt to wrestle back China market share from Russia, Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, The Straits Continue Reading
Weatherford pledges to obey Baghdad’s blacklist and exit Kurdistan
Iraq’s Oil Ministry has removed four oil services firms from a blacklist, including U.S. company Weatherford, after they agreed not to seek new contracts in Iraqi Kurdistan — the latest Continue Reading
Argentina’s Oldelval to invest $750 million in Vaca Muerta pipeline to boost exports
Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country’s energy ministry announced Friday, hoping Continue Reading
Maduro: Venezuela Is Ready To Send Its Oil To The World
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. Venezuela is ready to ramp up Continue Reading
China’s daily coal output hits 3-month low in August on rains, COVID curbs
Aug daily coal output at 11.95 mln T vs 12.02 mln in July Average coal mining run rates in Aug at lowest since Feb – CCTD Coal power generation falls Continue Reading
Frigid Winter in Japan Set to Intensify Global Energy Squeeze
Japan is predicting its winter will trend colder as La Nina stretches into a third year, increasing the need for heating fuels in the world’s second-biggest importer of liquefied natural Continue Reading
Energy Was Key In Putin-Xi Meeting
The meeting between Russian President Putin and Chinese President Xi Jinping was a necessary check-up of relations between the two countries. Putin made four comments that together perfectly encapsulate what Continue Reading
China Boosts Oil Imports From Russia And Saudi Arabia
China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Continue Reading
U.S. road travel fell 3.3% in July as gas prices remain high
U.S. vehicle travel in July fell 3.3% to 286.6 billion miles, the second consecutive monthly decline in American driving in the face of high fuel prices, the U.S. Transportation Department Continue Reading
U.S. to sell up to 10 mln bbls of oil from SPR for Nov. delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November, extending the timing of Continue Reading
How U.S. Shale Is Reducing Its Emissions
Growth in shale production has brought with it growing public awareness of the environmental impact of oil and gas extraction from hydraulic fracturing operations. Improved water treatment technology and in-basin Continue Reading
Gasoline Prices See Longest Downward Streak Since 2015
U.S. gasoline prices fell for the fourteenth week in a row, according to a Monday note from GasBuddy. The national average gallon of regular gasoline fell 3.9 cents from a Continue Reading
A Natural Gas Shortage Is Looming For The U.S.
As natural gas demand around the world breaks new records, U.S. shale producers are struggling to keep up with demand. While natural gas prices in the United States fell after Continue Reading
Oil And Gas Permitting In The U.S. Slows Down
Oil and gas permitting in the United States slowed down last month, with the decline particularly marked in the Permian. This is according to data from Evercore ISI, cited by Continue Reading
Germany’s Natural Gas Storage Will Last For Two And A Half Months
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost Continue Reading
Europe Gas Swings as Efforts to Ease Crisis Counter Winter Risks
Germany has earmarked billions of euros to purchase natural gas. Vanessa Dezem reports. European natural gas prices fluctuated after three days of declines, with traders weighing if countries’ intensified efforts Continue Reading
Strike Near Another Ukrainian Nuclear Plant Escalates Fears of Disaster
A powerful Russian missile exploded less than 900 feet from the reactors of a Ukrainian nuclear power plant early Monday, according to Ukrainian officials, a reminder that, despite battlefield setbacks, Continue Reading
Europe’s Scramble For Oil And Gas Is Causing A Tanker Shortage
Europe is attempting to buy as much oil and gas as it can ahead of winter, which has resulted in tankers having to travel further distances and make few voyages. Continue Reading
Oil Dips as Looming Interest Rate Rises Spur Concern on Growth
Oil dipped as the dollar strengthened ahead of central-bank meetings this week that are expected to lead to further monetary tightening, heightening concern among traders that economies could weaken. Brent Continue Reading
Oil falls more than 1.5% on demand fears and strong dollar
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply Continue Reading