Saudi Arabia is snapping up U.S. stocks as the kingdom enjoys its strongest financial situation in years. DUBAI—Saudi Arabia’s sovereign-wealth fund has invested $7.5 billion in blue-chip American companies from Continue Reading
Iran on Monday said there were several issues with the nuclear-deal draft text that the U.S. needs to address before Tehran can agree to it, leaving the fate of the Continue Reading
The prospect of an imminent new “nuclear deal” between the West and Iran is looking increasingly unlikely. A senior political and oil industry analyst highlights that there is very little Continue Reading
A young Kurdish man was killed and two others were wounded Monday in a confrontation between armed protesters and security forces guarding an oil camp east of Erbil. Eyewitnesses, security Continue Reading
China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore Continue Reading
China will discourage abortions and take steps to make fertility treatment more accessible as part of efforts to boost one of the world’s lowest birth rates, its National Health Authority Continue Reading
Delivery drivers pass through a security checkpoint as several city blocks are sealed off due to Covid-19 in the Meilong township of Shanghai, China, on Aug. 15. Photographer: Qilai Shen/Bloomberg Continue Reading
Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020, amid unplanned facility outages and lower processing rates at Continue Reading
U.S. natural gas futures fell about 1% on Monday on rising supplies and forecasts for cooler weather and lower air conditioning demand over the next two weeks than previously expected. Continue Reading
The historic US climate deal that has now passed both chambers of Congress is being touted as one of the most ambitious decarbonization commitments made by any government to date. Continue Reading
TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea’s second-largest conglomerate, to pursue its plan to Continue Reading
The federal government on Tuesday is expected to announce water cuts to states that rely on the Colorado River as drought and climate change leave less water flowing through the Continue Reading
Electrification of the U.S. creates a huge challenge for the aging grid. Upgrading the grid isn’t just a question of investing more money. Resistance from states and localities may cause Continue Reading
The largest shale basin in the United States, the Permian, is on track to hit a record 5.408 million barrels per day next month, with production set to rise by Continue Reading
Anticipating electricity supply shortages well into 2026, California Governor Gavin Newsom has proposed allowing the state’s last-remaining nuclear power plant to continue operations beyond its 2025 planned shutdown. The package Continue Reading
Highlights Excessive heat watch issued for inland California CAISO thermal generation up 27% month over month Southern California spot gas benchmark SoCal, city-gate climbed above $12/MMBtu for the first time Continue Reading
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting Continue Reading
German households will have to pay almost 500 euros ($509) more a year for gas after a levy was set to help utilities cover the cost of replacing Russian supplies, Continue Reading
German Economy Minister and Vice Chancellor Robert Habeck arrives to address the media after the announcement of the gas levy at Federal Ministry for Economic Affairs and Climate Action, in Continue Reading
Germany’s Schwedt oil refinery has started processing US crude blended with Russian Urals, according to a person familiar with the matter. US crude brought in from Rostock on Germany’s Baltic Continue Reading
Highlights Levels at Kaub chokepoint fall to critical point of 30 cm Barge rates surge on low water levels Switzerland draws from stocks to cope with demand Disruptions to supplies Continue Reading
Explosions rocked an ammunition depot and disrupted trains in Russian-annexed Crimea on Tuesday, the latest such incident in a region Moscow uses as a supply line for its war in Continue Reading
Videos shared on social media by Ukrainian media and officials showed a large fire and plumes of smoke with the sound of explosions crackling. Ukraine didn’t claim responsibility for the Continue Reading
On a sunny October morning, the nation’s top intelligence, military and diplomatic leaders filed into the Oval Office for an urgent meeting with President Biden. They arrived bearing a highly classified Continue Reading
: Explosions seen at an arms depot in Maiske in Crimea A week after an apparent Ukrainian attack on a Russian military base in occupied Crimea, an arms store on Continue Reading
Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear Continue Reading
Crude oil futures were lower in mid-morning Asian trade Aug. 15 on profit-taking amid a lack of fresh cues and after the ICE Brent marker briefly retook $100/b late last Continue Reading
Latest OPEC MOMR sees oil market surplus. OPEC sees slower crude demand growth than the IEA. OPEC may be moving to cut production again after it wound down output cuts Continue Reading
A model of 3D printed oil barrels is seen in front of displayed stock graph going down in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration LAUNCESTON, Australia, Aug 15 Continue Reading
Iran will respond to the European Union’s “final” text by midnight on Monday, Iranian Foreign Minister Hossein Amirabdollahian said, calling on the United States to show flexibility to resolve three Continue Reading
Whether or not Tehran and Washington accept a European Union “final” offer to revive the 2015 Iran nuclear deal, neither is likely to declare the pact dead because keeping it Continue Reading
Since the beginning of the war in Ukraine, Russia has cut off oil exports from Kazakhstan through its territory twice. The Chinese government has signaled that it will not tolerate Continue Reading
Diesel, gasoline, jet fuel shipments to drop 30%-40% from 2021 August exports of diesel to top 1 mln T for first time in a year Full-year fuel export volumes to Continue Reading
BlackRock’s Wei Li says equity markets are not “appropriately” pricing in a growth slowdown in the US and Europe. U.S. equity-index futures slipped, stocks were mixed and commodities from oil Continue Reading
Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts. “No one is Continue Reading
China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore Continue Reading
A quarter of the US land area, home to more than 100 million people, will be subjected to temperatures of more than 125F (52C) in three decades, including states with Continue Reading
Britain’s main opposition Labour Party called on Monday for the energy price cap to be frozen to help the public deal with another expected surge in fuel bills during the Continue Reading
As everyone knows, electricity prices in Europe have soared, due to a combination of factors, most prominently Russia’s war in Ukraine and the curtailing of natural gas supplies. But how Continue Reading
German natural gas consumers will have to pay extra 2.419 euro cents per kilowatt hour as the country tries to distribute higher energy costs among consumers after Russia curbed flows Continue Reading
The first sign of danger came when the dwindling crew of Ukrainian technicians running the Zaporizhzhia nuclear-power station noticed that officers from Russia’s state atomic energy company had left the Continue Reading
In Ukraine’s east, firefighters worked Saturday at a house hit by shelling in the city of Bakhmut. KYIV, Ukraine—Ukraine’s President Volodymyr Zelensky accused Russia of using Europe’s largest nuclear power Continue Reading
Saudi Aramco plans to raise its sustainable production capacity to 12.3 million b/d by 2025 as the world’s largest oil-exporting company accelerates plans to bring additional output to market to Continue Reading
European oil majors are scrambling to ramp up investment in renewable energy. Big Oil is increasingly eyeing opportunities in the booming offshore wind market. Oil companies can use their offshore Continue Reading
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins. Aramco joins oil Continue Reading
Weeks after followers of an influential cleric stormed parliament, Iraq’s political crisis shows no signs of abating, despite rising public anger over a debilitating gridlock that has further weakened the Continue Reading
There are plenty of promising oil and gas opportunities in Africa, but the global transition away from carbon-intensive energy sources makes it a controversial issue. With global demand for oil Continue Reading
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan. On the 18th of July, Continue Reading
Ukraine’s President Volodymyr Zelenskiy has warned Russian soldiers who shoot at Europe’s largest nuclear power station or use it as a base to shoot from that they will become a Continue Reading
The United Nations-chartered ship MV Brave Commander will depart Ukraine for Africa in the coming days after it finishes loading more than 23,000 metric tonnes of wheat in the Ukrainian Continue Reading
