U.S. consumer-price inflation showed signs of moderating in August for the second straight month, though the decrease was uneven across sectors and it remains unclear whether the slowdown will continue. Continue Reading
Gasoline prices in the United States could spike this winter as an embargo on Russian oil imports comes into effect in the European Union, Treasury Secretary Janet Yellen has warned. Continue Reading
A new study reviewed 13 carbon capture projects – 55 percent of the total worldwide capacity – and found both the technology and regulatory framework wanting. A new study by Continue Reading
Germans could overload their power grid as they switch to inefficient electric heaters in an attempt to avoid gas shortages this winter, utilities warned in an article published on Sunday. Continue Reading
Europe’s largest nuclear plant has been reconnected to Ukraine’s electricity grid, allowing engineers to shut down its last operational reactor in an attempt to avoid a radiation disaster as fighting Continue Reading
U.S. LNG exports to Europe increased substantially since the beginning of the year. The EU’s gas storage refill bill amounts to 10 times its usual. LNG exports have already resulted Continue Reading
European farm and food groups said soaring energy prices could lead to shortages of fruit and vegetables, as high utility bills force more companies to curb production. “Refrigeration and cooling Continue Reading
Ukrainian forces swept further across territory seized from fleeing Russian troops on Monday, as Moscow grappled with the consequences of the collapse of its occupation force in northeastern Ukraine. Ukraine’s Continue Reading
More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and Continue Reading
European industry thrived for decades on a steady supply of cheap Russian gas , which flowed uninterrupted throughout the Cold War and other times of tension between Moscow and the Continue Reading
Estimates show that Europe has more recoverable shale gas than the U.S. Despite its huge gas reserves, hydraulic fracturing has many opponents in Europe. Fracking in Europe has long been Continue Reading
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 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 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
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
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
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
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
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
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
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
Highlights SoCal Gas, city-gates falls to near-parity with cash Henry Hub Excessive Heat Warnings to lift at 10 pm PT Sept. 9: NWS Spot gas prices in California and the Continue Reading
European Union energy ministers met on Friday to seek agreement on ways to shield citizens from sky-high energy prices and prevent power utilities from collapsing as Russia has gradually turned Continue Reading
VNG (VNG.UL), one of Germany’s biggest importers of Russian natural gas, on Friday asked the government for aid to stay afloat, the latest European energy firm to seek state support Continue Reading
Russia will send the first shipment from its newest liquefied natural gas terminal to Greece, a surprise destination as Europe tries to reduce its dependency on Moscow for energy supplies. Continue Reading
EU energy ministers are calling for a 10% reduction in electricity consumption. According to the WSJ, the electricity rationing plan appears to have support from many member states. Today’s emergency Continue Reading
Ukrainian officials shared photos on Saturday showing troops raising the nation’s flag over the main railway city that has supplied Russian forces in northeastern Ukraine, as a collapse in Russia’s Continue Reading
South African utility Eskom will escalate rotating power cuts from Friday afternoon until Monday morning, it said on Friday, citing a loss of generation capacity. Thomson Reuters Products View full Continue Reading
Germany and Europe are prepared to weather the fallout should Russia decide to halt gas deliveries altogether, the country’s chancellor Olaf Scholz said in a statement Saturday. Germany has prepared Continue Reading
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
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
Crude oil prices eased from their earlier gains after the Energy Information Administration reported inventories had added 8.8 million barrels for the week to September 2. This compared with an Continue Reading
The last time this pattern was recognized was February 25th, 2020, which was followed by a plunge of 77 percent over the ensuing two-month period. (The views and opinions expressed Continue Reading
Recent data from the World Trade Organization shows global trade growth stagnating, a sign that the world may be moving into a recession. The slowdown in global maritime trade growth Continue Reading
The U.S. Energy Information Administration has released its latest short term energy outlook. The U.S. Energy Information Administration (EIA) has released its latest short term energy outlook (STEO), which offers Continue Reading
Limited global LNG supplies could be “really, really tight this winter, Cheniere Energy’s executive vice president for worldwide trading told Reuters on Thursday. Cheniere, the largest LNG exporter in the Continue Reading
Even if the world somehow manages to limit future warming to the strictest international temperature goal, four Earth-changing climate “tipping points” are still likely to be triggered with a lot Continue Reading
As global warming passes certain limits, dire changes will probably become irreversible, the researchers said, including the loss of polar ice sheets and the death of coral reefs. A summer Continue Reading
OPEC+ cut its production target by 100,000 bpd this week, a move that was largely symbolic due to the group’s underproduction. After an initial spike in prices, markets appear to Continue Reading
Highlights OPEC+ production up 260,000 b/d in August Kazakh, Nigerian losses temper Libyan, Gulf gains Output is 3.61 mil b/d below target, most in OPEC+ history Not registered? Receive daily Continue Reading
Iraq’s nationwide oil sales fell in August for the second consecutive month, declining to 3.667 million barrels per day (bpd).* Federal exports through the northern pipeline to Turkey dropped by Continue Reading
Oil theft Between January and July, Nigeria, Africa’s biggest oil producer, lost an average of 437,000 barrels of oil a day to criminals. Last week, the Group Managing Director of Continue Reading
Illustration: Itziar Barrio Gautam Adani’s fortune is gaining on that of Jeff Bezos and Elon Musk. Creating a global empire to match may prove harder, though, beyond the political connections Continue Reading
India imposed controls on exports of several varieties of rice on Friday, in a move likely to affect the global market for one of the most commonly eaten staple foods Continue Reading
Amid skyrocketing inflation, India has increased its imports of Russian crude oil as other countries are attempting to fix the price to restrict Russia’s oil revenues. “In a situation where Continue Reading
Decades of corruption, mismanagement, and poor maintenance have led to a huge drop in Venezuela’s refining capacity. Iran has helped Venezuela to ease its still ongoing fuel crisis. Venezuela needs Continue Reading
China fuel demand could drop 380,000 bpd in 2022 -Energy Aspects Crude imports down 4.7% for Jan-Aug, 1st period drop since at least 2004 Road congestion down 50% in COVID-locked Continue Reading
Customers refuel at a gas station in Concord, California. Photographer: David Paul Morris/Bloomberg Californians can’t get a break. A dangerous heat wave is raising the risk of blackouts in the Continue Reading
The Charles River in MassachusettsPhotographer: Brian K. Sullivan/Bloomberg It’s barely September, but crops are withering and brown leaves carpet the ground. Forests are bursting into flames. An iconic river is, Continue Reading
Key wheat producing regions in Australia to see favorable weather France, Germany to receive rains in next few days Brazil, Argentina also set to witness rains Late sporadic rains in Continue Reading
