Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading
Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading
Highlights Groups urge EPA to withhold necessary waiver Point to faster, more affordable options for cleaner transportation Worry about additional strain on over-burdened grid Oil refiners and ethanol producers expressed Continue Reading
On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – Continue Reading
United Nations atomic agency inspectors are poised to make an emergency visit to Ukraine’s Russia-occupied Zaporizhzhia nuclear power plant early next week, after a breakthrough in negotiations over access , Continue Reading
After weeks of fraught negotiations with Russia and Ukraine, the International Atomic Energy Agency has assembled a team of experts to visit the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine Continue Reading
Russia is flaring natural gas at the Portovaya plant near the Finnish border while drastically cutting gas flows via the Nord Stream pipeline to Germany, a Rystad Energy analysis shared Continue Reading
Cummins is powering the world’s first fleet of hydrogen trains in Bremervörde, Lower Saxony, Germany. The Alstom Coradia iLint trains ( earlier post ) are outfitted with Cummins fuel cell Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Swiss UBS strategists predict that oil will rebound to $125 in the coming months as fundamentals point to higher prices, spare capacity is ebbing and inventories are at multi-year lows. Continue Reading
There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE. There’s basically a bidding war now between Asia and Europe Continue Reading
s High gas prices impede infrastructure growth India’s 2022 LNG imports set to drop 12% on year: S&P Global Rationing of supplies amid tight availability Lofty global LNG prices and Continue Reading
High oil prices have been beneficial for OPEC+, an alliance of oil-producing countries that controls more than half of the world’s output. WSJ’s Shelby Holliday explains what OPEC+ countries are Continue Reading
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Surging natgas prices have added to power price pressures ERCOT broke demand records 11 times this summer Line congestion woes put $2.1 bln strain on producer costs Aug 25 (Reuters) Continue Reading
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs Continue Reading
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas Continue Reading
The last regular line supplying electricity to Ukraine’s Russian-held Zaporizhzhia nuclear power plant is working again after being cut earlier on Thursday, the United Nations said, an outage that underlined Continue Reading
The last of four regular power lines supplying the Russian-held nuclear power plant at Zaporizhzhia in Ukraine was briefly cut on Thursday, meaning the plant had to resort to backup Continue Reading
Ukraine faces its most difficult winter in modern history but should manage to reach a government goal of building 19 billion cubic meters (bcm) of natural gas reserves in time, Continue Reading
Russian President Vladimir Putin ordered a major buildup of his country’s military forces Thursday in an apparent effort to replenish troops that have suffered heavy losses in six months of Continue Reading
France is exploring ways to rein in private-jet flights amid a growing backlash over the wealthy’s use of high-emitting planes to travel the distance of a car or train journey. Continue Reading
President Vladimir V. Putin on Thursday ordered a sharp increase in the size of his armed forces, a reversal of years of efforts by the Kremlin to slim down a Continue Reading
Image caption, The Russian-occupied Zaporizhzhia nuclear power plant pictured on Monday The final pair of working reactors at the Zaporizhzhia nuclear plant were briefly cut off from Ukraine’s power grid Continue Reading
Oil held gains as falling US stockpiles and the possibility of OPEC+ cutting output heighten the prospects of an increasingly tight market. Brent futures traded near $102 a barrel. There Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as higher prices weaken consumer demand Continue Reading
Oil prices have traded below $100 per barrel since the beginning of August. A recession could weigh further on global oil demand, though many analysts are bullish on oil in Continue Reading
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria’s state-owned oil company, after reaching new deepwater oil production Continue Reading
An entrance of the oil refinery of Eni is seen in Taranto, southern Italy, September 21, 2018. REUTERS/Alessandro Bianchi/File Photo MILAN, Aug 24 (Reuters) – The chief executive of Eni Continue Reading
While Iran says it isn’t trying to build nuclear weapons, a look at its key facilities suggests it could develop the technology to make them. WSJ breaks down Tehran’s capabilities Continue Reading
Egypt is struggling with high inflation and dwindling financial reserves. High natural gas prices and increasing LNG exports could help Cairo fill its coffers again. Egypt needs to improve regional Continue Reading
Iraq’s Oil Ministry is threatening to take aggressive international legal action to stop the Kurdistan region from continuing to export crude oil independently of Baghdad. In a letter sent to Continue Reading
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
The United States has emerged as a top natural gas supplier to Europe. High domestic prices could force the United States to curb exports. If imports from the United States Continue Reading
After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest Continue Reading
After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two Continue Reading
Russia’s July oil and gas condensate output was 10.76 million barrels per day (bpd), up from 10.70 million bpd in June, according to data published on Wednesday by the Rosstat Continue Reading
Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first month in four in which Continue Reading
Highlights Russia was UK’s biggest supplier of refined products in 2021 Saudi Arabia, Netherlands, Belgium, Kuwait filling supply gap Question mark hangs over indirect imports of Russian oil The UK Continue Reading
Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its economic machine. Continue Reading
Germany’s second largest sugar producer Nordzucker on Thursday said it will start this year’s sugar refining season on Sept. 3 and reported success in converting refinery plants to oil fuel Continue Reading
The Rhine River’s water level at a key waypoint is set to decline in the coming days, curbing the amount of cargo that barges can carry. The measured level at Continue Reading
Europe’s energy crisis is squeezing the small and midsize firms that form the backbone of the continent’s economy, leading some business owners to curb production or close up shop. Katrien Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
