Oil erased a decline after Russian President Vladimir Putin underlined that his country won’t supply oil and fuel if price caps on the country’s exports are introduced. West Texas Intermediate Continue Reading
prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest since Continue Reading
A lack of adequate natural-gas tankers due to surging demand for the fuel particularly from Europe in the wake of a power crunch and limited supplies is set to spur Continue Reading
Italian energy group Eni (ENI.MI) said on Wednesday it had agreed to acquire BP’s (BP.L) business in Algeria, including two major gas fields. Eni said it would take BP’s stakes Continue Reading
OPEC+ cut oil production targets by 100,000 barrels per day for the month of October. Though the cut was minimal, it could signal that further production cuts are on the Continue Reading
Iraq played the role of mediator in a series of secret meetings between Iran and Saudi Arabia. Comments from MbS in April 2021 paved the way for improved relations between Continue Reading
Azerbaijan and Uzbekistan are forging tighter partnerships as they look to bypass Russian trade routes. The landmark deal outlines joint projects in the oil and gas, petrochemical and renewable energy Continue Reading
The town of Khairpur Nathan Shah was flooded suddenly one-night last week when embankment defenses in the area gave way under the volume of water pushing against them. —This used Continue Reading
Highlights India’s 2022 LNG imports to drop 13% on year: S&P Global Demand destruction sets in amid high prices Players forced to ration supplies, optimize current term supplies LNG imports Continue Reading
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS BEIJING, Sept Continue Reading
The export boom that has powered China’s economy through the pandemic decelerated in August, reflecting the impact from rising inflation and slowing growth elsewhere in the world. The larger-than-expected slowdown Continue Reading
China’s crude oil imports in August were 1.1 million bpd lower than the year-ago period and its exports were lower than expected, the latest data suggests. China imported 9.35 million Continue Reading
As demand for oil and gas around the world soars, Canada is determined to boost oil production in order to ensure supply. If Canada hopes to meet its carbon reduction Continue Reading
U.S. natural gas futures shed around 5% on Tuesday, hitting a four-week low as soaring output coupled with lower demand forecasts drags prices down, despite the fact that inventories are Continue Reading
European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high Continue Reading
A new multi-fuel generation reserve to alleviate summer power shortages in California shows how grid connection delays and a growing bundle of supply chain challenges are costing taxpayers and hampering Continue Reading
California’s grid operator projected record-breaking power demand on Tuesday and called on consumers to conserve energy for the seventh consecutive day to avoid blackouts amid soaring temperatures. The California Independent Continue Reading
California’s power grid, already strained from days of triple-digit temperatures, faced a nearly record-breaking level of demand Tuesday. The California Independent System Operator, which provides electricity to most of the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease Continue Reading
Ukraine’s Zaporizhzhia nuclear power plant , built during the Soviet era and one of the 10 biggest in the world, has been engulfed by fighting between Russian and Ukrainian troops Continue Reading
Scores of people were trying to evacuate from villages near the Zaporizhzhia nuclear-power plant , Ukrainian officials said, as an explosion cut off access to electricity and water at a Continue Reading
MakeUK, a manufacturing lobbyist, is warning that soaring energy prices could force manufacturers to halt operations. Skyrocketing energy bills and the wider cost-of-living crisis are squeezing plant owners. The rise Continue Reading
Russia’s Gazprom has shut down the Nord Stream 1 pipeline to Germany, claiming that it has been unable to repair the necessary equipment. Now, in a facility near the start Continue Reading
Truss Drafts Energy Plans to Aid UK Households, Businesses Incoming Prime Minister Liz Truss has drafted plans to fix annual electricity and gas bills for a typical UK household at Continue Reading
President Vladimir Putin said on Wednesday he wanted to discuss reopening a U.N.-brokered deal that allows Ukraine to export its grain via the Black Sea after accusing Kyiv and the Continue Reading
State energy giants Gazprom (GAZP.MM) and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural Continue Reading
President Vladimir Putin said Russia will not supply crude oil, refined products or gas to any nations that introduce price caps on Russian commodities, describing such measures as “another stupidity.” Continue Reading
British Prime Minister Liz Truss holds her first cabinet meeting after taking office at Downing Street on September 07, 2022 in London, England. (Photo by Frank Augstein – Pool/Getty Images) Continue Reading
Germany is not convinced that a price cap on Russian gas imports would be a smart move, Politico has reported , citing a spokesman for the German economy ministry. “We Continue Reading
Italian Eni has vowed to fully replace Russian gas by 2025 thanks to major developing LNG projects from Africa to the Middle East and major discoveries in the Eastern Mediterranean. Continue Reading
‘This will be the department for growth’. Jacob Rees-Mogg has been appointed as the UK’s new Secretary of State for Business, Energy and Industrial Strategy, after Liz Truss became the Continue Reading
Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+’s first output target cut Continue Reading
Oil fell, with a post-OPEC+ meeting rally fizzling out, as traders weighed the group’s output cut as well as further lockdowns in China. Global benchmark Brent slid below $94 a Continue Reading
Oil surged at the start of the week as OPEC+ unexpectedly decided to cut output in October. West Texas Intermediate crude advanced as much as 4.1% to beyond $90 a Continue Reading
The recession ‘playbook’ may not work on the oil sector this time. The recession “playbook” may not work on the oil sector this time, a new BofA Global Research report Continue Reading
OPEC+ members have trusted their chairman, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud, to intervene whenever necessary to stabilize crude markets through calling for a meeting at any time Continue Reading
OPEC+ meeting ends with small production cut decision. Russia was said to have resisted a production cut ahead of the meeting. OPEC+ decided that it could call a meeting at Continue Reading
Wary of a global economic slowdown, OPEC and its allies will trim their production quotas by 100,000 b/d in October, despite what appears to be a tight physical market, as Continue Reading
Rising political turmoil in Iraq could soon threaten the country’s oil production, with some analysts suggesting that up to a million barrels per day could be taken offline. As well Continue Reading
Renewed clashes broke out over the weekend in oil-rich Libya’s capital as militia forces aligned with the Government of National Unity (GNU) moved to ensure continued control after a failed Continue Reading
After years of planning, Iran is moving to increase production at Phase 11 of South Pars. The first phase involves the drilling of 30 wells plus the fabrication and erection Continue Reading
Oil theft We call on the Buhari administration to create as much of a legacy as is still possible, in the next couple of decisive months in which it remains Continue Reading
India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third push Continue Reading
India’s minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Continue Reading
China purchases three Sakhalin LNG cargoes in August Robust power consumption boosts gas demand Drought in Sichuan spurs gas-fired power plant load China’s LNG imports from Russia reached a 22-month Continue Reading
Authorities in southwestern China’s Chengdu have maintained strict COVID-19 lockdown measures on the city’s population of 21 million despite a major earthquake that killed at least 65 people in outlying Continue Reading
WATCH: Kerry says he is “hopeful” that Beijing will recognize the benefit of the world’s 2 largest emitters talking and return to the table for the suspended climate talks with Continue Reading
Firefighters battle flames at a home Friday near Weed, Calif. California on Monday faced its greatest risk of blackouts so far this summer, officials said, as soaring temperatures stressed the Continue Reading
