China’s ‘Blue Sky’ Efforts May Ease Energy Crunch and Coal Rally
Efforts by China to control air pollution by reining in industrial output could help ease an energy crunch and tame a bull run in thermal coal, according to the China Continue Reading
Asian Fuel Suppliers Are Sending “Everything They Can” To Europe
Asian fuel sellers are increasing their shipments of diesel to energy-starved Europe, benefiting from the premium European buyers are willing to pay for the fuel amid a deepening global and Continue Reading
U.S. Senate panel advances bill to rein in OPEC+ over oil output cut
A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed Continue Reading
Ukrainian officials ‘shocked’ as Republicans threaten tougher line on aid
Ukrainian officials have expressed “shock” over Republican suggestions that future assistance for Kyiv could be limited if the party wins the 1–louse of Representatives in November’s US midterm elections, calling Continue Reading
US to complete 180-million barrel SPR drawdown, lay out plan to replenish oil reserve
Highlights Will offer 15 million barrels in new SPR sale Plans to refill SPR when prices around $67-72/b Will allow fixed-price forward purchases to replenish SPR The US Department of Continue Reading
Analysts Say TC Energy Could Divest Keystone Oil Pipeline
TC Energy Corp. could sell billions of dollars of assets. TC Energy Corp. could sell billions of dollars of assets to help fund projects in Mexico and Western Canada and Continue Reading
America’s new nuclear power industry has a Russian problem
U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Continue Reading
US Supports Climate Reparations Talks at UN Summit in Egypt
Negotiations over compensation payments for climate damage in developing countries will become a key test at next month’s COP27 gathering A flooded house near the Indus River in Sindh, Pakistan, Continue Reading
Ahead of the Midterms, Energy Lobbyists Plan for a Republican House
Oil and gas industry lobbyists, anticipating that Republicans could take control of the House in the midterm elections, are already working behind the scenes on Capitol Hill to push back Continue Reading
Electrify America unveils its first application of megawatt-level energy storage
Electrify America recently unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle (EV) charging stations, building upon the company’s existing BESS installations at more Continue Reading
Russia appeals for evacuation ahead of battle for Ukraine’s Kherson
One of the most senior Russian-appointed officials in occupied Ukraine said the Ukrainian army was poised to begin an attempt to retake the southern city of Kherson and urged residents Continue Reading
UK industry group slams opposition call for shale gas fracking ban
UK onshore industry group UKOOG Oct. 19 slammed the opposition Labour Party for its stance on the use of hydraulic fracturing — or fracking — in shale gas developments. Labour Continue Reading
Ukrainians face first nationwide electricity outages after Russian strikes
Ukrainians faced their first large-scale nationwide disruptions to electricity on Thursday as officials sought to restrict supply to allow energy companies to repair power facilities that have been pounded by Continue Reading
German energy regulator says gas supply looks encouraging
Germany’s energy regulator chief Klaus Mueller described measures to offset Russian imports as “encouraging” in a note issued on Thursday on the status of the gas supply in Europe’s largest Continue Reading
A Dirty Fuel Is in High Demand as Europe’s Diesel Crisis Worsens
Exports from Asia to Europe near three-year high in September Refiners seek to take advantage of spiking premium to cash in Diseal is unavailable as customers queue for fuel at Continue Reading
Oil prices rise as investors seek riskier assets and on China demand outlook
Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of Continue Reading
Oil Stays Volatile as Slowdown Risks Rival Signs of Tight Supply
Oil extended its volatile run as continued US efforts to curb prices and concerns over a global recession counter signs of tight supply. West Texas Intermediate swung between gains and Continue Reading
U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next Continue Reading
Diesel Crisis Deepens As Inventories Fall To Dangerous Levels
Global diesel and distillate fuel stocks have fallen to dangerous levels. The U.S. has been exporting a lot of diesel to troubled Europe, but now things are changing. U.S. buyers Continue Reading
Where Are Diesel Prices Going?
Rigzone takes a look at where diesel prices are heading. Average diesel prices in the U.S. are rising, the AAA gas prices website shows. As of October 19, national average Continue Reading
Fertilizer Prices Fall as Gluts Emerge After Farmers Pull Back
Fertilizer prices are falling as farmers balking at the high costs of nutrients hold off on purchases, driving down demand and causing gluts that are upending the market for crop Continue Reading
BNEF: global carbon capture capacity due to rise sixfold by 2030
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company Continue Reading
Analysis: Global natural gas crisis dampens momentum for ‘cleaner’ LNG
Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any Continue Reading
LNG Freight Rates Hit $450,000 a Day as Russia Disrupts Fuel Supplies
Daily freight rates to ship liquefied natural gas are at a record high, and prices are expected to climb further as winter approaches. Spot rates for ships commonly used to Continue Reading
OPEC Secretary-General: move to cut oil output was unanimous
The OPEC+ oil producers group moved unanimously to cut output to prevent a crisis and stem a tide of volatility, OPEC’s secretary-general told an energy conference in South Africa on Continue Reading
Facing critical threats to oil independence, KRG leaders fail to unify
The escalating conflict between the Kurdistan region’s two main political parties is undermining their ability to negotiate with Baghdad over existential threats to their oil sector. The semi-autonomous Kurdistan Regional Continue Reading
FUJAIRAH DATA: Oil product stocks fall for first time in 4 weeks
Drop led by 20% slump in middle distillates Inventories fall from 25-month high Heavy distillates drop most since Aug. 21 Oil product stockpiles at the UAE’s Port of Fujairah fell Continue Reading
Nigeria LNG outage threatens Europe, traders with higher costs
European countries and gas traders are reeling from the latest LNG supply shock – a force majeure from Nigeria LNG – that threatens nearly 4% of global supply and further Continue Reading
Two Major Indian Refiners Just Stopped Buying Russian Crude
Indian Oil Corporation and Bharat Petroleum Corporation Limited have suspended purchases of Russian crude oil. The two large refiners are awaiting more clarity on the EU sanctions regime. India, the Continue Reading
Chinese Steel Manufacturers On The Brink Of Bankruptcy
Chinese steelmakers are facing mounting headwinds. High energy costs and falling steel prices are eroding manufacturers’ profitability. Many Chinese steelmakers are on the brink of bankruptcy. Is it all doom Continue Reading
Chevron’s Venezuela Operations Hinge On Unlikely Election Talks
Chevron’s hope for expanding its operations in Venezuela hinge on election talks taking place between disputed Venezuelan President Nicolás Maduro and his opposition, Juan Guaido, according to anonymous Reuters sources Continue Reading
Impact of China’s Zero Covid Policy on Display
‘Beijing was as close as ever to full aerial lockdown as it prepared to host the 20th Congress of the Chinese Communist Party’. The impact of China’s zero-Covid policy is Continue Reading
U.S. to hold offshore wind power rights sale off California coast in December
Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. REUTERS/Bing Guan Oct 18 (Reuters) – President Joe Biden’s administration Continue Reading
Truck makers fight climate rules while touting an electric future
Under pressure to phase out diesel-powered trucks, major manufacturers have offered plenty of assurances. Volvo plans to be “fossil free” by 2040 and boasted in its latest annual report that it Continue Reading
API Shows Crude, Products Draws As SPR Releases Slow
The American Petroleum Institute (API) reported a draw this week for crude oil of 1.27 million barrels. U.S. crude inventories have grown by roughly 27 million barrels so far this Continue Reading
US LNG WEEKLY: Freeport LNG prepares to resume service after lengthy outage
The biggest US liquefaction facility received record high feedgas deliveries during the week ended Oct. 18, while another major export terminal prepared to resume operations after a lengthy outage. Those Continue Reading
Biden to lay out plan to complete emergency oil sales, support U.S. production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation’s emergency oil reserve by year’s end, and detail Continue Reading
United Airlines Says Demand for Air Travel Remains Resilient
Share From long lines to delays and cancellations, airports around the world have been trying to manage a post-pandemic travel surge with a shortage of staff. WSJ follows an American Continue Reading
Biden Plans To Refill The SPR When Oil Prices Fall Below $72
The White House has released a fact sheet that establishes its intention to refill the Strategic Petroleum Reserve when oil prices are between $67 and $72. In spring, President Biden Continue Reading
U.S. factory output solid in September; builder sentiment slumps further
Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve’s efforts Continue Reading
EU proposes energy measures, avoids immediate gas price cap
The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain Continue Reading
Nord Stream ruptures revealed as Europe grapples with gas plan
Damage to the Nord Stream gas pipeline from Russia to Europe was caused by powerful explosions, Danish police said on Tuesday, echoing earlier findings into leaks that erupted in the Continue Reading
Russia appeals for evacuation ahead of battle for Ukraine’s Kherson
One of the most senior Russian-appointed officials in occupied Ukraine said the Ukrainian army was poised to begin an attempt to retake the southern city of Kherson and urged residents Continue Reading
Soaring food prices push UK inflation back to 40-year high
The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high hit in July in a new blow for households Continue Reading
UK Families Face Near Doubling of Energy Bills When Support Ends – Bloomberg
British families may see their energy bills almost double when the government ends its price freeze in April. Chancellor Jeremy Hunt announced on Monday that Prime Minister Liz Truss’s flagship Continue Reading
Ukraine war: Russia begins evacuation from Kherson in south
Russia’s Izvestia website showed footage of people gathering to cross the Dnieper river By Paul Kirby BBC News Tens of thousands of civilians and Russian-appointed officials are being moved out Continue Reading
Oil prices rise on softer U.S. dollar, supply woes
Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists Continue Reading
Oil Advances as Supply Tightness Vies With Slowdown Concerns
Oil gained amid a broader market rally as investors continued to weigh a tight market against concerns over a global economic slowdown. West Texas Intermediate rose above $86 a barrel, Continue Reading
Diesel Hits Chaos Mode
The world’s diesel market is once again flashing signs of chaos. The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout Continue Reading
Atlantic Basin refining margins soar on refinery outages, tight diesel supply
Atlantic Basin refinery margins are rising back toward record levels set earlier this year, spurred higher by refinery outages and French refinery strikes, an analysis from S&P Global Commodity Insights Continue Reading