Sovcomflot has sold about a dozen ships to buyers in Asia and the Middle East, according to people familiar with the matter, as the Russian state-controlled company works to repay Continue Reading
The Kremlin has sought to minimize discussion of Russian war losses inside Ukraine. But apparent Ukrainian attacks on Russian soil in the past week highlight how the conflict has spilled Continue Reading
Germany’s industry leaders warn of the negative consequences of a gas import ban. The EU’s refusal to pay directly in rubles tests Putin’s threat to cut off the gas supply, Continue Reading
Highlights One third of supply at risk over compressor disruption: Vitrenko Ukraine gas transit continues as normal despite war Calls for Russian gas payments to be paid into escrow The Continue Reading
The Mercedes VISION EQXX.Source: Mercedes-Benz A Mercedes-Benz AG electric car drove more than 1,000 kilometers (621 miles) from Germany to the French Riviera on a single charge, taking the fight Continue Reading
AD Loading advertisement… 00:00 / 05:33 This article is in your queue. President Vladimir Putin acknowledged that Western sanctions have stymied Russia’s energy industry, the country’s economic engine, and that Continue Reading
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Credit Suisse to slash exposure to fossil fuels by half by 2030. The bank already reduced exposure to the industry by 41% between 2020 and 2021. Credit Suisse Has around Continue Reading
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Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… Biden’s decision to ban Russian Continue Reading
Russia’s invasion of Ukraine has sent coal markets into turmoil as large portions of Russia’s coal supply may not make it to market due to Western sanctions. While Storm Eunice Continue Reading
The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life of three Continue Reading
Highlights Eni joins Shell and BP in halting Russian oil purchases Move comes after US bans imports and Europe seeks phase out Eni says will honor decisions of European and Continue Reading
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year Continue Reading
The White House on Monday announced new steps to help curb emissions of methane, saying it will send $1.15 billion to states to clean up thousands of orphaned oil and Continue Reading
U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending January 7, 2022 which was 293,000 barrels per day less than the previous week’s average. Continue Reading
For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models. Continue Reading
Russian President Vladimir Putin has ordered the government to work out proposals by March 1 on annual supplies of 10 billion cubic metres of natural gas exports to Europe by Continue Reading
Highlights Nov. output up 0.4% on month at 10.89 mil b/d Little spare capacity remaining in Russia OPEC+ group to discuss future output volumes Dec. 2 Russia produced 44.56 million Continue Reading
China has pledged to reach net-zero carbon emissions by 2060, although it has not outlined exactly how it will get there and is planning an additional 60 coal plants Saudi Continue Reading
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
Gazprom has not booked any extra space on pipelines going through Ukraine after an auction held on Monday Gazprom data shows that exports for the first half of October were Continue Reading
Russia’s gas giant Gazprom is in no hurry to supply additional volumes to alleviate Europe’s gas crisis, unless the European Union (EU) and Germany grant operational license to the controversial Continue Reading
The United Kingdom could be ready to officially put nuclear power back on the map. That’s because UK ministers are planning on putting nuclear power "at the heart of Britain’s Continue Reading
Cotton and soybeans grow in the west Tennessee fields where, in four years, Ford Motor plans to manufacture electric trucks. Last month Ford and its partner SK Innovation said they Continue Reading
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China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers Continue Reading
Damages to oil production facilities in the U.S. Gulf of Mexico on Sunday kept output largely halted a week after Hurricane Ida made landfall, according to offshore regulator the Bureau Continue Reading
Highlights 88% of oil, 83% of gas still offline: BSEE Port Fourchon tenants given access to facilities Marathon, ExxonMobil restarting plants A week after Hurricane Ida made landfall, 1.607 million Continue Reading
The U.S. Bureau of Land Management launched on Thursday a review of the federal coal leasing program and the climate impact of coal production, transportation, and use, in line with Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity Continue Reading
Last month BP released its Statistical Review of World Energy 2021 . The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Continue Reading
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower Continue Reading
The Biden administration has tapped scientist Allison Crimmins from the Environmental Protection Agency to guide the U.S. government’s next authoritative report on the consequences of climate change. The report, known Continue Reading
All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM . After the production charts, an analysis of Continue Reading
$13M ZeroAvia has secured two twin-engine 19-seat Dornier 228 aircraft for the next phase of its research and development for clean hydrogen-electric aviation. ( Earlier post .) One Dornier is Continue Reading
Highlights OPEC is ‘back in the driver’s seat’ on balancing market Oil, gas activity strong in Q2 but cost pressures rising Execs predict $70/b WTI, $3.10/MMBtu gas at end-2021 Underinvestment Continue Reading
US crude stocks expected 6.3 million barrels lower Refinery utilization expected at December 2019 levels Gasoline, distillate stocks likely build US crude oil inventory draws likely extended during the week Continue Reading
States across the West are at risk of electricity shortages this summer as a crippling drought reduces the amount of water available to generate hydroelectric power. Some of the region’s largest Continue Reading
Highlights Latest Republican bill aims to require congressional review Platts Analytics expects US sanctions relief by September Biden not bound by existing congressional review law In the latest attempt to Continue Reading
The Hoover Dam near Boulder City, Nev., on March 7. The reservoir level at the iconic Hoover Dam in the U.S. Southwest has plunged to its lowest since 1937 as Continue Reading
Highlights Commercial crude stocks fall 5.0.8 million barrels Refinery net inputs rise 2.4% USAC gasoline stocks remain tight despite build US crude oil inventory declines extended in the week ended Continue Reading
Highlights Green H2 can decarbonize industrial sectors Cost competitive with natural gas by 2035 Green hydrogen will be a critical component of fully decarbonizing the US power sector and broader Continue Reading
California’s deepening drought has worsened into a crisis, as a second dry year in a row has diminished the state’s water supply and another difficult fire season looks inevitable. Nearly Continue Reading
Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot. Russia has announced Continue Reading
The Kremlin told Washington on Wednesday it would act decisively if the United States undertook any new “unfriendly steps” such as imposing sanctions, the RIA news agency reported, citing a Continue Reading
Iran said saboteurs caused a blackout at the country’s main nuclear-enrichment plant, accusing the alleged culprits of attempting to derail informal talks with the U.S. on reviving a 2015 nuclear accord Continue Reading
The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named storms sweeping out of the basin. (Bloomberg) — The Atlantic hurricane season Continue Reading
Last week, President Joe Biden unveiled a $2 trillion infrastructure plan that, if passed by Congress, would protect the U.S. from climate change and prepare its economy for a transition Continue Reading
