Goldman’s Currie Sees $90 Oil If Winter Is Colder Than Normal Oil held near its highest close in almost two months on signs that stockpiles globally are declining amid a Continue Reading
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after Continue Reading
The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy sources. The Continue Reading
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday, according Continue Reading
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are Continue Reading
Gastech, the first major in-person industry event since the pandemic started, couldn’t have happened at a better time to show that despite the push toward renewable energy, natural gas will Continue Reading
Global record-high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as Continue Reading
The United Nations agency, the World Health Organization (WHO), issued on Wednesday its first update on air quality guidelines in 15 years, lowering the recommended limits of emissions, including those Continue Reading
An initiative called Probable Futures hopes its interactive maps showing how fast the Earth could heat will lead citizens and countries to ask questions about how climate change is transforming Continue Reading
Reuters image captionAir pollution regularly exceeds recommended safe levels Air pollution is even more dangerous than previously thought, the World Health Organization (WHO) has warned, as it slashes maximum safe Continue Reading
Iran is drafting plans to attract as much $145 billion domestic and foreign investments in its oil industry over the next eight years, Iranian Oil Minister Javad Owji said on Continue Reading
Insurgents from the self-proclaimed Islamic State (IS) militant group are evolving their tactics and launching increasingly bold attacks, as they continue to exploit chronic security gaps in northern Iraq’s disputed Continue Reading
The United States is giving $247 million in humanitarian aid and $89 million in economic and development aid to Venezuelans, State Department spokesman Ned Price said in a statement on Continue Reading
The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, Continue Reading
A new total cost of ownership (TCO) study from the National Renewable Energy Laboratory (NREL) finds that battery-electric and fuel-cell electric commercial trucks could be economically competitive with conventional diesel Continue Reading
Exxon Mobil Corp. , Chevron Corp. and ConocoPhillips are among companies failing to report all their tax payments despite being members of the Extractive Industries Transparency Initiative, the global anti-corruption Continue Reading
Natural gas drillers’ earnings would take a hit from a potential U.S. crackdown on methane leaks, according to Citigroup Inc. — but the magnitude of the impact depends on how Continue Reading
The Biden administration is seeking more information from companies struggling with the global shortage of semiconductors, an effort designed to increase transparency in supply chains and ease bottlenecks. The request Continue Reading
US oil production is set to pick up steam again — this time led by little-known privately owned companies impervious to the demands of the stock market. Forecasters project that Continue Reading
The Biden administration will finalize its first new climate rule Thursday, slashing the use of greenhouse gases warming the planet at a rate hundreds to thousands of times higher than Continue Reading
Los Angeles/Long Beach beats Hong Kong to 9th busiest port in H1 2021 Top 20 ports see 13% volume growth, but freight rates surge by 346% Port congestion keeps ships Continue Reading
Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil fuel sector said Continue Reading
U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body Continue Reading
The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad Continue Reading
This story is part of the series Getting to Zero: Decarbonizing Cascadia , which explores the path to low-carbon energy for British Columbia, Washington, and Oregon. This project is produced Continue Reading
Britain warned its food producers to prepare for a 500% rise in carbon dioxide prices on Wednesday after extending emergency state support to avert a shortage of poultry and meat Continue Reading
European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season, exacerbating the risk of further price spikes from already record-high Continue Reading
The UK’s gas crisis comes as part of a bigger natural gas phenomenon taking place worldwide, as prices skyrocket and firms do not know to respond. With Europe and North Continue Reading
Over the weekend, Morgan Stanley’s global energy head Martijn Rats shared a comprehensive yet streamlined analysis of what happened in 2021 that has sent many commodity prices, including Europe’s natural Continue Reading
Update: Green Energy, a small-sized, and Avro, a medium-sized energy retailer just declared bankruptcy, leaving 1.5 million households scrambling for a new provider. More UK energy suppliers are set to Continue Reading
The UK does not support Russia’s Nord Stream 2 gas pipeline project to Germany and does not need its own long-term storage facility, UK Secretary of State for Business, Energy Continue Reading
Consumers should not panic buy products as Britain is not heading back into a 1970s-style “winter of discontent” of strikes and power shortages, a junior minister said on Thursday. Soaring Continue Reading
Britain is having talks with energy regulator Ofgem about whether or not a cap on gas and electricity prices for consumers may have to go up, junior business minister Paul Continue Reading
UK power generator Drax Group Plc (DRX.L) said it could keep its coal-fired power plants operating beyond their planned closure next year as the energy crisis in Europe highlights potential Continue Reading
It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains Continue Reading
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, Continue Reading
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. Futures in London Continue Reading
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy Continue Reading
Energy executives gathered in Dubai on Tuesday for the first time since the COVID-19 pandemic started, but despite being upbeat on economic recovery, they were concerned about another headwind: a Continue Reading
An unexpected surge in demand for silicon, mainly from the solar energy industries in China, Europe, and the United States, has lead to large deficits and fuelled a price rally Continue Reading
It’s Tuesday, September 21, and the world is turning its back on coal. More than three-quarters of the world’s proposed coal power projects have been canceled since the Paris Agreement Continue Reading
Three months after the last meeting to negotiate a revival of the nuclear agreement between Iran and world powers, it remains unclear if and when the talks in Vienna will Continue Reading
OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. (Bloomberg) — OPEC and Continue Reading
In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in the region, Brooge Petroleum and Gas Investment Continue Reading
The OPEC+ group lifted its production in August, but underinvestment and maintenance work has hampered the group’s ability to raise production—and supply could be insufficient to meet the world’s growing Continue Reading
The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the Continue Reading
Default fears have continued to stalk the China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm. The Evergrande Group, one of China’s biggest real-estate Continue Reading
China’s energy industry is caught between a rock and a hard place. As the world’s second-largest economy has surged back to life in the wake of the novel coronavirus pandemic, Continue Reading
