Oil steadied, with investors weighing the outlook for a tighter market as U.S. stockpiles drop and OPEC+ keeps a tight rein on supply. Brent crude was little changed after advancing Continue Reading
Oil prices edged lower on Tuesday after rising earlier in the dayand analysts said prices were set to sustain a rally driven by strong demand in the United States, the Continue Reading
WTI erased early 2% gain as Iran sanction discussions announced for this week. Oil erased gains after hitting $85 a barrel for the first time since 2014 with traders focused Continue Reading
WTI crude hit the psychologically important $85 per barrel mark earlier on Monday—the highest the U.S. crude benchmark has traded since October 2014. WTI prices eased later in the afternoon, Continue Reading
US oil prices rose above $85 a barrel on Monday for the first time in seven years, as traders bet that crude supplies would not keep pace with fast-rising global Continue Reading
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world Continue Reading
A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds Continue Reading
The leaders of most of the world’s biggest greenhouse gas emitters gather in Glasgow from Sunday, aiming to thrash out plans and funds to tilt the planet towards clean energy. Continue Reading
Greenhouse gas concentrations hit a record last year and the world is “way off track” in capping rising temperatures, the United Nations said on Monday in a stark illustration of Continue Reading
Global greenhouse gas emissions are on a catastrophic trajectory and developed nations will fall short of a pledge made more than a decade ago to mobilize $100 billion a year Continue Reading
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Iran’s Deputy Foreign Minister Ali Bagheri Kani said he’ll head to Brussels on Continue Reading
Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices OPEC+ is adding 400,000 bpd to its combined output every month Some Continue Reading
Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported , citing the new head of the National Iranian Oil Company Continue Reading
Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured that Nigeria would meet the three million barrels per day quota allocated to the country by the Organisation of Continue Reading
China’s capital city is suffering through its worst air pollution since May in the wake of its decision to boost coal production to address a power crunch. The concentration of Continue Reading
Coal has come back into energy markets in a big way this year, serving as a vital energy source as natural gas prices soared to incredible heights The coal price Continue Reading
China’s Sinopec Corp plans to increase natural gas supplies from its domestic fields to 13.24 billion cubic metres (bcm) this winter, up 3% from a year earlier, it said on Continue Reading
China’s top economic planner said on Tuesday it was studying a mechanism to stabilise coal prices over the long run, in its latest move to cool the red-hot market. The Continue Reading
A Chinese developer of real estate projects that use green technologies has become the latest builder to miss debt payments, just as defaults from the nation’s borrowers on offshore bonds Continue Reading
1 of 11 Women wearing face masks to help curb the spread of the coronavirus ride scooters passing by masked residents line up to receive booster shots against COVID-19 at Continue Reading
U.S. natural gas futures soared almost 12% to a near three-week high on Monday on expectations liquefied natural gas (LNG) exports will rise and forecasts calling for cooler weather and Continue Reading
U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of Continue Reading
Tesla Inc. TSLA 12.66% crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising profits. Continue Reading
Higher retail natural gas prices will be the primary driver for the expected increase in natural gas heating expenditures this winter U.S. households that primarily use natural gas for space Continue Reading
It looks like Senator Joe Manchin will stand firm in his stance against the climate change provisions in Biden’s infrastructure bill When it comes to the climate bill it looks Continue Reading
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc (LNG.A) said on Monday that its marketing arm will sell LNG to a unit of Glencore PLC (GLEN.L) , moving Cheniere’s Continue Reading
Capital discipline, hedging could limit production gains US gas production surged Oct. 25 to its highest since Hurricane Ida struck the US Gulf Coast in late August, foreshadowing a potential Continue Reading
U.S. President Joe Biden’s global energy security adviser said on Monday that Russian President Vladimir Putin is getting close to using natural gas as a political tool if Russia is Continue Reading
Germany, Denmark, Ireland and six other European countries said on Monday they would not support a reform of the EU electricity market, ahead of an emergency meeting of energy ministers Continue Reading
The German government is topping up the funding for private charging stations for electric cars in residential buildings by a further €300 million (US$349 million). The purchase and installation of Continue Reading
Jacques Kadio has already cut his grocery bill, refuels his car less and turns the heating off when his children are at school, but still the spiralling cost of electricity Continue Reading
After years of publicly dismissing climate change, President Vladimir Putin is finally prodding officials to take the threat it poses to Russia’s economy more seriously. The shift in thinking means Continue Reading
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said oil producers shouldn’t take the rise in prices for granted. Oil rallied above $86 a barrel after Saudi Arabia said that Continue Reading
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world Continue Reading
Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes. Key climate talks are set Continue Reading
Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the Continue Reading
Saudi Arabia said it would use one of the world’s biggest natural-gas projects to make blue hydrogen, as the kingdom steps up efforts to export a fuel seen as crucial Continue Reading
Oil prices are expected to reach $100 a barrel, yet, as the rates go up, Nigeria will spend more on fuel importation, frittering its market advantage. Despite oil price rally, Continue Reading
Fuji Oozx Inc. is one of hundreds of automotive-parts suppliers in Japan whose very existence is being threatened by the world’s shift toward electric vehicles. For almost 70 years, the Continue Reading
The power crisis in China is driving aluminum alloy prices higher as supplies come under threat. China is limiting supplies of key components used across a range of industries. While Continue Reading
China said on Monday it will investigate energy price index providers as it urged coal industry participants to “strictly” meet contractual obligations in its latest bid to tame prices that Continue Reading
Production costs at Chinese steel mill have increased, especially at electric arc furnaces, because of recent power rationing and government demands for energy consumption cuts, the country’s steel association said Continue Reading
1 of 11 Women wearing face masks to help curb the spread of the coronavirus ride scooters passing by masked residents line up to receive booster shots against COVID-19 at Continue Reading
Curbing China’s output of greenhouse gas will do more than almost anything else at this point to decide the fate of the planet. That primacy comes from being, by far, Continue Reading
China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world’s second-biggest economy plans to be carbon neutral, according to guidelines published by Continue Reading
China’s cabinet on Sunday outlined measures to achieve its goals of reaching peak carbon emissions by 2030 and carbon neutrality before 2060 but said food and energy security must be Continue Reading
The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth-largest U.S. oil refiner, have held talks with U.S. officials in Bogota, Colombia, seeking to Continue Reading
Tesla has delivered yet another incredible earnings report, shocking markets with its improving profit margins There is more to come from the trailblazing electric vehicle company, however, with its move Continue Reading
You may find it curious that the price of oil is still above $80 a barrel. This is also why gasoline prices are at the highest levels since 2014. But, Continue Reading
