Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Nigeria to Morocco and onto Continue Reading
WATCH:t Xi is set to trumpet his strict measures to control the virus at China’s party congress. Stephen Engle and David Qu report. Bloomberg News China is stepping up efforts Continue Reading
Tesla Inc. TSLA -0.05%▼ and its Chinese rival BYD Co. have each broken their monthly records for deliveries of electric vehicles in China as the global competition between the world’s Continue Reading
COALINGA, Calif. — The residents of this sun-scorched city feel California’s endless drought when the dust lifts off the brown hills and flings grit into their living rooms. They see Continue Reading
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Continue Reading
While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence Continue Reading
Air Products plans to invest approximately $500 million to build, own and operate a 35 metric ton per day facility to produce green liquid hydrogen at a greenfield site in Continue Reading
Delta is betting on flying-taxi rides to and from airports, announcing a $60 million investment in Joby Aviation Inc. JOBY -1.53%▼ and plans to offer service in New York and Continue Reading
Jamie Dimon, the chief executive of JP Morgan, called on the U.S. oil industry to boost crude production to make up for OPEC+ cuts that could cause a severe shortage Continue Reading
Highlights Waha averages $2.74 discount to Henry Hub Permian outbound flows up 460 MMcf/d vs. 2021 Gas production averages 15.2 Bcf/d in October Cash basis prices at Waha are trading Continue Reading
Oil tankers are anchored in the Pacific Ocean near Long Beach, California. Photographer: Patrick T. Fallon/Bloomberg Asian refiners snapped up at least 12 million barrels of US crude oil in Continue Reading
Europe has managed to fill its gas storage sites to nearly 90%. Europe is paying high prices for LNG, and these prices are determined by traders in a tight market. Continue Reading
Diesel refining margins in both Europe and the United States have hit all-time highs as strikes at French refineries exacerbate a global shortage of distillate fuels. The price of diesel, Continue Reading
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian Continue Reading
A Nissan Leaf electric automobile charges at a vehicle charging point in Moscow, Russia. Source: Bloomberg Nissan Motor Co. joined Toyota Motor Corp. in deciding to completely pull out of Continue Reading
London’s traffic congestion once meant that residents of the British capital had to endure some of the worst air quality in the developed world. In a bid to tackle an Continue Reading
Ukrainian cities and infrastructure are hit by Russian airstrikes for a second day – Monday saw the most widespread attacks for months The southern city of Zaporizhzhia was shelled again Continue Reading
Vladimir Putin’s forces in Ukraine are running out of weapons and ordinary Russians can now see that his invasion is badly misjudged, according to a senior British spy chief. Sir Continue Reading
Oil fell as risks to demand from a global slowdown halted a powerful rally triggered by OPEC+’s decision to defy the US by cutting supply. West Texas Intermediate dropped toward Continue Reading
Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns Continue Reading
US Treasury secretary Janet Yellen said the move by Opec+ to cut oil production was “unhelpful and unwise” for the global economy, particularly emerging markets already struggling with high energy Continue Reading
U.S. President Joe Biden and Saudi Crown Prince Mohammed bin Salman attend an Arab summit, in Jeddah, Saudi Arabia, July 16, 2022. REUTERS/Evelyn Hockstein/File Photo WASHINGTON/LONDON, Oct 8 (Reuters) – Continue Reading
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo SINGAPORE, Oct 10 (Reuters) – Saudi Aramco has told Continue Reading
Energean has started doing tests on pipes from the Karish offshore gas field in the Eastern Mediterranean and Israel, which claims ownership of the field although neighbor Lebanon disputes this. Continue Reading
Growing up under a repressive system, Sharo, a 35-year-old university graduate, never thought she would hear words of open rebellion spoken out loud. Now she herself chants slogans like “Death Continue Reading
This summer’s destructive floods have left 21 million Pakistanis in desperate need of help weeks after flooding peaked, and the United Nations is still scrambling for resources to deliver life-critical Continue Reading
: Xi is set to trumpet his strict measures to control the virus at China’s party congress. Stephen Engle and David Qu report. Bloomberg News China is stepping up efforts Continue Reading
China called for “patience” with its tough COVID policies and warned against any “war-weariness” as local cases soared to their highest since August, days ahead of a pivotal Communist Party Continue Reading
China’s reliance on imported gas is increasing despite government efforts to boost domestic output, creating an intensifying problem for both energy and national security. China’s gas production increased by 6% Continue Reading
A renewed wave of pandemic-related lockdowns in major Chinese cities is hampering hopes for a recovery in consumer spending, showing how difficult it is for Beijing to rekindle growth without Continue Reading
The United States averted a national freight rail strike a few weeks ago, when the Biden administration stepped in to broker a deal between rail companies and their union employees. Rail workers Continue Reading
One central theme that comes to mind is the impact of higher natural gas prices and, by extension, power prices. Americans will soon see higher gasoline prices at the pump Continue Reading
Russia struck cities across Ukraine during rush hour on Monday morning, killing civilians and destroying infrastructure in apparent revenge after President Vladimir Putin declared an explosion on the bridge to Continue Reading
Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from Continue Reading
More than a fifth of France’s service stations were grappling with supply problems on Saturday, the energy ministry said, as strikes at refineries run by oil majors TotalEnergies (TTEF.PA) and Continue Reading
Gas consumption in Germany remains high in light of current tight supply. The inability to reduce natural gas consumption will only increase the risk of drawing down supplies in storage Continue Reading
An open-grid gas pipeline is pictured amid the energy crisis due to the Russian invasion of Ukraine in Troisdorf, near Bonn, Germany, July 19, 2022. REUTERS/Wolfgang Rattay BERLIN, Oct 10 Continue Reading
The external power supply to the Russian-occupied Zaporizhzhia nuclear plant was restored on Sunday, Ukraine’s state nuclear company Energoatom and the U.N.’s nuclear watchdog said. The plant, which is in Continue Reading
Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next Continue Reading
The strikes that have hit French oil refineries and storage sites will continue on Monday, CGT trade union representatives at TotalEnergies (TTEF.PA) and ExxonMobil’s (XOM.N) Esso France told Reuters on Continue Reading
Storage silos for liquid natural gas at the Yukonhaven terminal at the Port of Rotterdam in Rotterdam, Netherlands. Photographer: Peter Boer/Bloomberg European natural gas prices slumped to the lowest level Continue Reading
Aviation emissions are regulated under the EU’s emissions trading system which is currently under review. Photographer: Simon Dawson/Bloomberg Want the lowdown on European markets? In your inbox before the open, Continue Reading
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about Continue Reading
Oil companies in southern Iraq are pivoting to backup plans for reducing gas flaring — a sign they are not counting on France’s TotalEnergies to move ahead with a major Continue Reading
The OPEC+ organization’s decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal Continue Reading
Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings, Iraq’s nationwide exports edged Continue Reading
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline connecting directly to Continue Reading
The Biden administration on Friday announced sweeping new limits on the sale of semiconductor technology to China, a step aimed at crippling Beijing’s access to critical technologies that are needed Continue Reading
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday. The volume issued is Continue Reading
China’s services activity contracted in September for the first time in four months as Covid lockdowns in major cities such as Chengdu dampened consumer spending. The Caixin services purchasing managers’ Continue Reading
