China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program . Now, Beijing is working on an Continue Reading
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could Continue Reading
BP Plc (BP.L) and Chevron Corp (CVX.N) on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as Hurricane Ian bore down on the Continue Reading
U.S. exports of petroleum products jumped by 11% to a record 6 million barrels per day (bpd) in the first half of 2022, with exports growing at their fastest pace Continue Reading
US refining margins ticked up across the nation following a spate of unplanned refining fiascos, the beginning of seasonal turnarounds, and a pick-up in Atlantic Basin storm activity which could Continue Reading
Stadler Rail AG, a leading manufacturer of rolling stock, has ordered six 100 kW FCmove-HD+ fuel cell engines from Ballard Power Systems to power the first hydrogen train in the Continue Reading
Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Continue Reading
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be Continue Reading
While Europe and North America continue to turn their backs on Russian energy, China, India, and several other countries remain happy to buy ‘cheap’ Russian energy products. China is thought Continue Reading
Europe’s natural gas prices have continued their sharp pullback across UK and European benchmarks as the continent has filled up its gas storage ahead of schedule. Benchmark Dutch front-month futures Continue Reading
The Organization for Economic Cooperation and Development (OECD) says Russia’s war in Ukraine, now in its eighth month, will have a greater impact on the global economy than previously expected. Continue Reading
BEIS talking to market about commercial gas deal availability US LNG producers approached for supply proposals: sources Pound weakness adding to LNG procurement costs in UK The UK government is Continue Reading
Russia to Flood Asia With Fuels Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been Continue Reading
Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Continue Reading
TotalEnergies (TTEF.PA) said it would spend 1 billion euros ($962.60 million) over the next two years to help businesses become more efficient in their use of energy at a time Continue Reading
Russian gas giant Gazprom Group’s (GAZP.MM) earnings before interest, taxes, depreciation and amortisation more than doubled in the first six months of the year to 3.05 trillion roubles ($52.54 billion), Continue Reading
s Tens of thousands of solar panels are sitting unused in warehouses across Europe just as the continent struggles with an unprecedented energy crisis. The spike in electricity prices after Continue Reading
Highlights Energy agency raises level of preparedness due to ‘rare’ leaks Two leaks identified on Nord Stream, one leak on Nord Stream 2 Nord Stream operator flags one-month pipeline outage Continue Reading
Brent, the international oil benchmark, fell below $85 a barrel for the first time since January amid mounting concerns about a global economic slowdown. Central banks around the world have Continue Reading
Oil prices fell for a second day on Monday on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming Continue Reading
Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary concerns threatened global demand. The global oil benchmark hit the Continue Reading
Global oil flows are changing ahead of the coming embargo on Russian oil, with a growing amount of Russian crude heading east. Meanwhile, the amount of fuel and oil flowing Continue Reading
Climate change could cost the global economy as much as $23 trillion by 2050. The U.S. federal government alone could spend between $25 billion and $128 billion each year in Continue Reading
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo TOKYO, Sept 26 (Reuters) – Continue Reading
The 22-year-old woman emerged from the Tehran subway, her dark hair covered with a black head scarf and the lines of her body obscured by loose clothing, when the capital Continue Reading
The autonomous Iraqi region of Kurdistan exported over 37 million barrels of crude oil over the three months to June this year, making $3.8 billion from the sales, local media Continue Reading
The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion naira, according to figures submitted to Continue Reading
Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China. The company launched Continue Reading
Takeshi SaitoPhotographer: Shoko Takayasu/Bloomberg Japan’s biggest oil refiner is drawing up plans to consolidate production as domestic demand slumps because of a shrinking population and efforts to cut emissions. Eneos Continue Reading
For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by Continue Reading
Zhang Youping, a Chinese retiree, purchased an all-electric, small sport-utility vehicle from BYD — China’s largest electric vehicle maker — at an auto show for around $20,000 last month. Her Continue Reading
Highlights Soybean meal spot prices reach Yuan 5,500/mt on average Replacement crush margin improves Market to remain tight until November Soybean meal spot prices in China hit its highest level Continue Reading
A week after Hurricane Fiona swiped Puerto Rico, causing catastrophic flooding and knocking out power to the entire island of 3.1 million, just over half of the US commonwealth has Continue Reading
The U.S. wind energy market is set for explosive growth, with the Biden Administration aiming to rival European and Asian markets for the renewable energy source. The Biden Administration is Continue Reading
Brian is the editor of the popular energy technology site New Energy and Fuel. The site’s mission is to inform, stimulate, amuse and abuse the… MIT engineers have created a Continue Reading
Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the Continue Reading
The US Maritime Administration (MARAD)—the US Department of Transportation agency responsible for the US waterborne transportation system— launched a 16-month study exploring low-carbon options for shipping on the Great Lakes. Continue Reading
Referendums on joining Russia held over four days Regions would have Russia’s ‘full protection’ – Lavrov Two sides trade blame for rocket strikes, shelling Ukraine won’t give in to rhetoric Continue Reading
Very high energy costs are forcing European companies to cheaper places like the U.S. The Inflation Reduction Act could benefit chemicals, batteries and clean energy industries. Industries such as manufacturing Continue Reading
Eight Baltic Sea littoral nations have signed a declaration to phase out Russian energy imports and to decarbonize their energy sectors. LNG and offshore wind are key in the Baltic Continue Reading
Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week’s fiscal statement in Continue Reading
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
After seven weary months of the war, many Ukrainians fear more suffering and political repression awaits them as referendums orchestrated by the Kremlin with help from gun-toting police portend Russia’s Continue Reading
As Europe heads into winter in the throes of an energy crisis , offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat Continue Reading
KUPYANSK, Ukraine—The grain elevator towering over the eastern edge of Kupyansk, the former seat of Russian power in Ukraine’s Kharkiv region, was supposed to be defended by soldiers from an Continue Reading
Prices are listed at a gas station in Rome earlier this year. Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of Continue Reading
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
