Natural gas prices fell as the European Union prepares measures to curb volatility in its biggest marketplace in an attempt to rein in the energy crisis. Benchmark futures dropped as Continue Reading
Waves of explosive-laden suicide drones struck Ukraine’s capital as families were preparing to start their week early Monday, the blasts echoing across Kyiv, setting buildings ablaze and sending people scurrying Continue Reading
A half-dozen Russian soldiers talk about being shipped to an area of intense fighting in eastern Ukraine just 11 days after their mobilization. Asked about his shooting practice, a bearded Continue Reading
The EU is considering a price cap on Russia’s natural gas exports in order to reduce both its energy bill and Russia’s ability to wage war on Ukraine, The CEO Continue Reading
The Norwegian Petroleum Directorate has granted several drilling permits recently. The Norwegian Petroleum Directorate (NPD) has granted several drilling permits over the last few weeks. On October 13, the organization Continue Reading
Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Continue Reading
Weeks before international climate negotiations convene in Egypt, US officials are working to broker multibillion-dollar plans to steer some of the world’s most populous countries to cleaner forms of energy. Continue Reading
Related Video: The dollar is getting stronger. While that may sound like something to be happy about, a runup in the value of the dollar can ripple through the economy Continue Reading
Some of the wounded tried to crawl away to escape the gunfire. Others bled to death on prayer mats as people tried to drag them to safety. But the snipers Continue Reading
Iraq, OPEC’s second-largest producer, elected a new president on Thursday after months of political deadlock, protests and violent clashes among various militias both in Baghdad’s Green Zone and oil-rich Basra. Continue Reading
Iraq’s nationwide oil production held steady in August and September at 4.74 million barrels per day (bpd), according to field-by-field data compiled by Iraq Oil Report.*Output has topped 4.7 million Continue Reading
In the past few months, the Federal Government, which had lived in denial of the actual reason for the razor-sharp increase in oil bunkering, popularly known as kpofire, in the Continue Reading
Large sections of the damaged Nord Stream pipelines built to supply gas to Europe might need to be replaced, the head of Gazprom said, while Turkey on Friday backed Russian Continue Reading
India will further diversify its oil imports to better prepare for future OPEC+ production cuts that raise oil prices and tighten supply for the world’s third-largest crude oil importer, Indian Continue Reading
Floods caused by torrential rain are hitting large swathes of southeast Australia, inundating hundreds of homes and forcing authorities to urge thousands of people to evacuate. Areas of three southeastern Continue Reading
A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September Continue Reading
Canada will look at supporting more liquefied natural gas (LNG) terminals as long as they are economically feasible because they are needed to keep the world from burning coal Continue Reading
What keeps driving inflation so high? The answer, it seems, is nearly everything . Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed Continue Reading
Barges were lined up along the Mississippi River earlier this week near Greenville, Miss. VICKSBURG, Miss.—Sections of the Mississippi River are approaching low water levels not seen in more than Continue Reading
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. U.S. refiners have been bracing themselves Continue Reading
Chevron CEO Mike Wirth warned that the premature transition to green energy is already having a major impact on Europe. The oil company chief noted that the global energy crisis Continue Reading
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
If it seems like your energy bills have fell victim to price creep, you’re right. Data from the U.S. Bureau of Labor Statistics and the Energy Information Administration suggest that Continue Reading
Tesla Cites Shipping Issues as Deliveries Disappoint Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth Continue Reading
Amrita Sen: U.S. crude oil output from shale basins could peak in 2024. So far this year, the United States has managed to increase its total crude oil production by Continue Reading
A new joint venture formed by Japan’s Sony Group Corp (6758.T) and Honda Motor (7267.T) plans to introduce a premium electric vehicle later this decade, and the automaker’s U.S. dealers Continue Reading
Europeans and people living on the US East Coast are more likely to experience mild temperatures than a deep freeze this winter, easing any potential heating-fuel constraints at a time Continue Reading
France’s CGT union, at the core of a weeks-long strike at oil major TotalEnergies (TTEF.PA) , walked away from wage talks on Thursday night, dashing hopes for an end to Continue Reading
Some of the oilfield service firm Schlumberger’s (SLB.N) more than 9,000 Russian employees have begun receiving military draft notices through work, and the company is not authorizing remote employment to Continue Reading
Sweden has rejected plans to set up a formal joint investigation team with Denmark and Germany to look into the recent ruptures of the Nord Stream 1 and 2 pipelines, Continue Reading
Global shortages of middle distillates such as diesel, gas oil, and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business Continue Reading
Moscow is prepared to reject the renewal of an agreement on grain exports from Black Sea ports unless its demands are addressed, Russia’s UN ambassador in Geneva has told Reuters. Continue Reading
Russia says it has summoned the ambassadors of Germany, Denmark, and Sweden and handed them notes of protest challenging their investigations into several explosions on the Nord Stream gas pipelines Continue Reading
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Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil Continue Reading
The U.S. Energy Information Administration lowered its Brent spot average price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent spot average price forecast for 2022 and 2023 in Continue Reading
After climbing for two weeks, oil prices are set to post a weekly loss this week as new inflation data in the U.S. highlighted looming economic problems. The OPEC+ decision Continue Reading
Oil headed for a weekly loss as central banks’ inflation-fighting measures risk growth and Chinese demand remains muted amid virus lockdowns. West Texas Intermediate futures fell toward $88 a barrel Continue Reading
OPEC+ decision to cut output may lead to supply deficit in oil markets. Global oil inventories are in a decline that would be difficult to reverse. U.S. distillate inventories are Continue Reading
Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading
Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries. “More Continue Reading
A 23-year-old Iranian woman who refused to put on a headscarf was shot in the face by security forces with anti-riot pellets. A divorced mother who faced down police spent Continue Reading
Turkmenistan is improving economic ties with the U.S. The priority for Ashgabat seems to be diversification. Turkmenistan looks to Qatar as it aims to ramp up LNG exports. In late Continue Reading
The Guyana-Suriname Basin is quickly emerging as one of the most prolific offshore oil regions in the world. Guyana has had tremendous success in its ventures with Big Oil in Continue Reading
Chinese President Xi Jinping will take the stage on Sunday to kick off a historic congress of the ruling Communist Party, where he is poised to win a third term Continue Reading
A “flying car” built by Chinese electronic vehicle maker Xpeng Inc (9868.HK) made its first public flight in the United Arab Emirates, as the company works towards launching the electric Continue Reading
Japan’s government is amending laws that will allow state firm Japan Oil, Gas and Metals National Corporation (JOGMEC) to buy liquefied natural gas this winter if private companies cannot afford Continue Reading
Amid an energy crunch that served a severe blow to Japan’s economy, the government in Tokyo is considering extending the lives of the country’s nuclear power plant fleet beyond the Continue Reading
U.S. President Joe Biden said on Thursday that U.S. gasoline prices remain too high and that he will have more to say about lowering the cost next week. A federal Continue Reading
The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing. Illustration: Saratta Chuengsatiansup for Bloomberg Businessweek Shortly after Exxon Mobil Continue Reading
