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Energy / Energy-General

European Crop Yields Collapse Amid Worst Drought In 500 Years

Aug 23, 2022 at 09:15 | ZeroHedge

Besides the news of record high electricity prices, a troubling new crop failure report about Europe's upcoming harvest was published Monday. The bloc's Monitoring Agricultural Resources forecasted corn…

Saudi Minister Says OPEC+ Could Cut Production At Any Time

Aug 22, 2022 at 11:37 | Charles Kennedy

Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman dangled the threat of potential OPEC+ production cuts that could come at any time. …

Bearish Sentiment Has Taken Hold Of Oil Markets

Aug 22, 2022 at 11:36 | Tsvetana Paraskova

Concerns about a recession in major oil-consuming markets have weighed on oil prices in recent weeks. Last week, oil dipped to the lowest level in six months, a…

The World’s Biggest LNG Exporter Has A Pipeline Problem

Aug 22, 2022 at 11:33 | Alex Kimani

The United States has become the world's biggest liquefied natural gas (LNG) exporter as deliveries to energy-starved buyers in Europe and Asia have surged. In the current year,…

Saudi Arabia Is Planning To Build The World’s Largest Wind Farm In Uzbekistan

Aug 22, 2022 at 11:29 | Eurasianet

Uzbekistan’s president has returned from a trip to Saudi Arabia with $14 billion in promised investments, his office says. Of that, $12 billion is earmarked to…

Aluminum Smelters Shutter Operations In Europe As Power Prices Soar

Aug 22, 2022 at 11:22 | ZeroHedge

Second-round effects from Europe's astronomical power price increases are coming in hot and heavy. With both French and German 1-year ahead baseload electricity prices hitting levels which mean…

Chinese Banks Slash Key Interest Rate In Bid To Bolster Stalling Economy

Aug 22, 2022 at 11:19 | City A.M

China’s banks have slashed a key interest rate in a token gesture to revive the world’s second-largest economy. The country’s central bank said yesterday the one-year…

Kazakh Oil Flows Interrupted Again

Aug 22, 2022 at 09:40 | Irina Slav

The flow of crude oil from Kazakhstan via Russia has been interrupted by damaged equipment at the Black Sea terminus of the CPC pipeline, Reuters has reported, citing the…

Private Equity Is Pouring More Money In Oil And Gas

Aug 19, 2022 at 17:15 | Irina Slav

In February this year, The Guardian published exclusively a report by two non-profits that detailed the participation of the world’s largest private equity firms in the oil and…

U.S. Rig Count Stalls

Aug 19, 2022 at 12:14 | Julianne Geiger

The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the…

Demand Fears Fail To Keep Oil Prices Under $90

Aug 19, 2022 at 11:18 | Michael Kern

Bearish sentiment has taken hold of oil markets recently as fears of demand destruction and rumors of a new nuclear deal pushed prices down. Strong inventory draws in the U.S.…

China Accounts For Nearly Half Of The World’s Renewable Energy Capacity

Aug 19, 2022 at 10:28 | Felicity Bradstock

Despite big talk from the West, China is pumping huge amounts of funding into its renewable energy sector as it seeks to become competitive in its green energy…

Nearly 50% Of Africa Has No Access To Power, Could Renewables Help?

Aug 19, 2022 at 10:22 | Felicity Bradstock

The African region has gained significant attention recently for its burgeoning oil and gas industry, with new oil-rich states across Africa hoping to meet the continued global demand…

U.S. Looks To Catch Up To Taiwan In Chip Production

Aug 19, 2022 at 10:18 | Metal Miner

Microchips, along with their parts and components have become a huge part of modern life. They’re used in computers, machinery, phones, and many other electronics and appliances we…

Europe’s Latest Natural Gas Pipeline Plan Won’t Solve Its Current Crisis

Aug 18, 2022 at 10:46 | Cyril Widdershoven

Recently, plans have been announced by Spain, Portugal, and Germany to connect the vast Iberian LNG regasification and storage industry to other European markets. While German Prime Minister…

Investors Have Now Spent $5 Billion Pursuing The “Holy Grail Of Energy”

Aug 18, 2022 at 10:42 | Alex Kimani

What do The Dark Knight Rises, Back to the Future, Oblivion, and Interstellar all have in common? They are sci-fi…

Wall Street Sees Another Big Commodities Rally In 2022

Aug 18, 2022 at 10:17 | Alex Kimani

Even with oil prices now around $95, and commodities across the board dropping amid bearish economic prospects, a lineup of analysts still see…

6 Ways The Inflation Reduction Act Will Help The Energy Industry

Aug 18, 2022 at 10:11 | Robert Rapier

Last week Congress passed the Inflation Reduction Act, which now heads to President Biden’s desk to be signed into law. The bill has been championed as a “climate…

China’s Power Crisis Could Spark A Spike In Coal Consumption

Aug 18, 2022 at 10:08 | ZeroHedge

A heatwave-induced power crisis is spreading across southwestern China, shuttering factories and worsening by the day, according to Nikkei Asia.  The…

Green Hydrogen Is Gaining Traction Across The Globe

Aug 18, 2022 at 10:03 | Felicity Bradstock

Green hydrogen operations are expanding even further as governments pump millions into the development of the sector. While the rise of green hydrogen production across Europe has been…

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