The Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and include munitions for long-range weapons and armored medical Continue Reading
Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the year, stepping up pressure in the sanctions stand-off Continue Reading
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian supplies, despite Poland Continue Reading
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Continue Reading
Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to Continue Reading
French Prime Minister Elisabeth Borne warned that France is facing its “most severe drought” ever recorded and announced the activation of a government crisis unit. Borne said in a written Continue Reading
The first convoy of ships carrying Ukrainian grain sailed from the port of Odessa, in a sign that last month’s agreement with Russia on facilitating Ukrainian food exports is holding Continue Reading
Russian forces at Ukraine’s Zaporizhzhia nuclear power plant have likely undermined the security and safety of the plant’s operations, the UK’s defence ministry says. Europe’s largest nuclear plant has been Continue Reading
Highlights 42% of UK adults cut back on non-essential vehicle travel 51% cutting household gas, electricity use Signs of demand destruction as BOE warns of 13% inflation More evidence of Continue Reading
Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food Continue Reading
“In Switzerland, we’re not used to the idea of droughts”, said Sonia Seneviratne, professor of land-climate dynamics at ETH Zurich research university. “We see ourselves as being this water fortress Continue Reading
Oil headed for the biggest weekly decline since early April on increasing evidence that a global economic slowdown is destroying demand, with prices near the lowest level in six months. Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
Oil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets. West Texas Intermediate fell 2.3% to $88.54 a barrel, Continue Reading
An Overview At this point in time, probably all American adults are aware that the price of oil, or at least gasoline and diesel fuel, are much higher than they Continue Reading
Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… The ongoing heatwave in Europe Continue Reading
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis this winter, sources Continue Reading
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings. The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Continue Reading
OPEC+ has agreed to raise oil production by 100,000 bpd following calls from other world powers to ramp up output. The lackluster response from OPEC hints that the bloc may Continue Reading
Saudi Arabia and the United Arab Emirates have been working to increase their domestic gas production. Middle East oil and gas producers see an opportunity for long-term LNG supply contracts Continue Reading
China’s largest utility will soon begin the construction of some $22 billion of new long-distance, ultra-high-voltage transmission lines to connect more wind and solar installations to the grid. State Grid Continue Reading
Soy crushing plants reduce operations amid sharp losses China’s soybean demand projections revised down for August But soybean oil entering stronger demand season in the month The operating rate at Continue Reading
U.S. distillate fuel oil inventories are depleting to critically low levels; either an imminent recession reduces consumption or prices are likely to surge higher. Distillate fuel oil is the lifeblood Continue Reading
A drop in US jet fuel consumption verifies what travelers have felt for months: Airlines haven’t been able to keep up with summer travel demand. Carriers contending with labor shortages Continue Reading
A pipe for carbon dioxide captured from the emissions of a generating station in Thompsons, Texas. Photographer: Luke Sharrett/Bloomberg A week after US Senate Majority Leader Chuck Schumer and Senator Continue Reading
Two top forecasters are trimming their Atlantic hurricane outlooks slightly after a slow start to the season, but still predict an above-average number of storms. The US National Oceanic and Continue Reading
A person cooled off in a mister set up in lower Manhattan in New York City on Thursday as a heat wave hit the area. High temperatures in the Northeast Continue Reading
Senator Kyrsten Sinema, Democrat of Arizona, announced on Thursday evening that she would support moving forward with her party’s climate, tax and health care package, clearing the way for a Continue Reading
Nearly two dozen Republican state treasurers around the country are working to thwart climate action on state and federal levels, fighting regulations that would make clear the economic risks posed Continue Reading
Sen. Kyrsten Sinema (D-Ariz.) said she would soon be ready to “move forward” on a revised version of Senate Democrats’ health-care, climate and deficit-reduction package, opening the door for party Continue Reading
U.S. oil and gas dealmaking contracted 65% Y/Y to $12 billion last quarter. Big Oil executives have become increasingly hesitant to pull the trigger after the last M&A wave turned Continue Reading
An indication of demand destruction, US steam coal exports fell 15.2% on the year in June as the CIF ARA monthly average price more than tripled to $371.02/mt, according to Continue Reading
ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion. U.S. supermajor ConocoPhillips has reported a rise in Continue Reading
A stand-off over the return of a turbine that Russia says is holding back gas supplies to Europe showed no sign of being resolved on Thursday, with Moscow saying it Continue Reading
Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of Ukraine, the Continue Reading
German unit of refiner OMV: There is a run on fuels such as diesel and heating oil in the southern parts of Germany. Critically low water levels of the river Continue Reading
An employee monitors for gas leaks at the Uniper SE Bierwang Natural Gas Storage Facility in Muhldorf, Germany. Photographer: Krisztian Bocsi/Bloomberg German power prices rose to a record as utilities Continue Reading
The number of UK companies at risk of collapse rose by more than a third in the second quarter as surging inflation continued to erode margins. Almost 2,000 companies were Continue Reading
The famously green UK capital is now covered in fields of yellow after weeks of unusual heat and a lack of rain. Greenwich Park in London, on Aug. 3. Photographer: Continue Reading
The battle between Asia and Europe to lock in gas supplies is stepping up a gear, heightening the risks of a further surge in prices that would add fresh fuel Continue Reading
Russian forces at Ukraine’s Zaporizhzhia nuclear power plant have likely undermined the security and safety of the plant’s operations, the UK’s defence ministry says. Europe’s largest nuclear plant has been Continue Reading
Oil steadied after plunging to the lowest close in almost six months as investors weighed weaker US gasoline demand and rising inventories against a token supply increase from OPEC+. West Continue Reading
Crude oil futures were higher in mid-morning Asian trade Aug. 4, rebounding from five-month lows after bearish US oil data and supply increases from OPEC+ sent oil prices plummeting to Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
The cement, glass and steel that give shape to urban life have also turned modern cities into dangerous heat sinks. Scorching sunlight gets absorbed, stored and slowly emitted in a Continue Reading
Libya’s oil production is bouncing back from the latest oil blockade that was triggered in the aftermath of failed elections. Libya’s oil production reached 1.2 million barrels per day after Continue Reading
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings. The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on 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
“I want to give my family the best I can afford. We cannot just stay and survive. We really want to live,” Tam G (not his real name) said. “This Continue Reading
Near-record amounts of seaweed are smothering Caribbean coasts from Puerto Rico to Barbados, killing fish and other wildlife, choking tourism and releasing stinky, noxious gases. More than 24 million tons Continue Reading
