Ineos Renews Shale Gas Offer
Ineos has renewed its offer to the UK government. Ineos has announced that it is renewing its offer to the UK Government and new Prime Minister Liz Truss to drill Continue Reading
Oil supported by supply threats yet still set for weekly drop on demand fears
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Oil Pares Weekly Decline Spurred by China Demand Concerns
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
In a Power Crisis, South Africans Adjust to Life in the Dark
Blackouts, long a problem in South Africa, reached a new level of crisis in recent months, affecting every facet of life. South Africans call it “loadshedding.” The state-owned power supplier, Continue Reading
Global Drought Saps Hydropower, Complicating Clean-Energy Push
China’s hottest, driest summer in 60 years left the Jialing River abnormally shallow last month. Record drought across the globe this year dried up rivers and reservoirs and sapped the Continue Reading
China’s Annual Oil Demand Could Drop For The First Time In 20 Years
This year, China’s annual oil demand may fall for the first time since 2002, largely driven by the country’s Covid policies. Minimal travel is expected during local holidays this September Continue Reading
Xi To Meet Putin In Uzbekistan In First Overseas Trip Since Start Of Pandemic
Russian President Vladimir Putin confirmed Wednesday while addressing the Eastern Economic Forum (EEF) in Vladivostok that he will soon meet with Chinese President Xi Jinping, which will mark a significant Continue Reading
Column: U.S. diesel stocks critically low after failing to recover over summer: Kemp
U.S. inventories of diesel and other distillate fuel oils are now critically low after failing to recover during the summer driving season. The shortage will keep upward pressure on diesel Continue Reading
Tropical storm threatens to fan California wildfires, but will cool off state
A tropical storm approaching Southern California on Friday threatened to bring high winds that could whip up wildfires and heavy rainfall that could trigger flash floods, but the system will Continue Reading
Oil Rig Count Slides In Tough Week For Crude
The number of total active drilling rigs in the United States dropped by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading