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Copper Atoms Key to Sustainable Methanol Production

Copper Atoms Key to Sustainable Methanol Production

Researchers have successfully converted carbon…

News

Libya Eyes Increase In Oil Output To 1.4 Million Bpd

Libya Eyes Increase In Oil Output To 1.4 Million Bpd

Apr 14, 2022 at 09:11 | Irina Slav

The Libyan government wants to boost the country's oil production to 1.4 million barrels daily, the Cabinet said on Facebook, as cited by Reuters today. "The national unity government…

Libya Can Hike Gas Production By 30% With A $1 Billion Investment

Libya Can Hike Gas Production By 30% With A $1 Billion Investment

Apr 13, 2022 at 17:42 | Charles Kennedy

Libya can raise its natural gas production by 30 percent with an investment of up to $1 billion, Italy’s Ambassador to Libya, Giuseppe Buccino, said at a round table…

Major Oil Traders Cut Russian Crude Purchases Starting Next Month

Major Oil Traders Cut Russian Crude Purchases Starting Next Month

Apr 13, 2022 at 15:52 | Julianne Geiger

Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday. The move that will see…

India Faces Coal Shortage, Again

India Faces Coal Shortage, Again

Apr 13, 2022 at 15:14 | Charles Kennedy

India faces another coal crunch as coal inventories at utilities are at the lowest for this time of the year in nearly a decade, while power demand is set to…

Putin Confident Russia Will Find New Buyers Of Its Energy

Putin Confident Russia Will Find New Buyers Of Its Energy

Apr 13, 2022 at 11:51 | Tsvetana Paraskova

As many Western buyers shun Russian oil, gas, and coal, Moscow will find new customers for its energy products both domestically and overseas, Russian President Vladimir Putin was quoted as…

China’s Offshore Oil Giant Exits Western Markets Over Sanction Fears

China’s Offshore Oil Giant Exits Western Markets Over Sanction Fears

Apr 13, 2022 at 11:41 | Tsvetana Paraskova

Chinese CNOOC, the offshore oil and gas producing giant, is getting ready to quit its businesses and assets in the U.S., the UK, and Canada, over concerns that it may…

America Desperately Needs To Scale Up Battery Metal Production

America Desperately Needs To Scale Up Battery Metal Production

Apr 13, 2022 at 11:26 | ZeroHedge

A recent white paper has laid out some of the challenges in supplying minerals for any energy transition from fossil fuels, offering a timely warning for policymakers as the…

IEA Slashes Oil Demand Forecast On Lockdowns

IEA Slashes Oil Demand Forecast On Lockdowns

Apr 13, 2022 at 09:54 | Tsvetana Paraskova

Global oil demand is expected to average 99.4 million barrels per day (bpd) this year, the International Energy Agency (IEA) said on Wednesday, cutting its 2022 demand outlook by…

Renewable Energy Prices Soar 30%

Renewable Energy Prices Soar 30%

Apr 13, 2022 at 09:15 | Charles Kennedy

The price of electricity generated by renewable power sources in North America has added almost 30 percent over the past year due to fast-rising development costs coupled with more robust…

Oil Prices Hold Gains Despite Major Crude Inventory Build

Oil Prices Hold Gains Despite Major Crude Inventory Build

Apr 12, 2022 at 15:44 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise build this week for crude oil of 7.757 million barrels, compared to analyst predictions of a 1.367 million barrel build. U.S. crude…

Russia’s Oil Production Slips Below 10 Million Bpd

Russia’s Oil Production Slips Below 10 Million Bpd

Apr 12, 2022 at 13:55 | Julianne Geiger

For the first time since July 2020, Russia’s crude oil production has slipped below the 10 million bpd mark on Monday, two anonymous Reuters sources suggested. The decline in Russia’s…

Europe’s Gas Prices Jump As Ukraine Transit Demand Drops

Europe’s Gas Prices Jump As Ukraine Transit Demand Drops

Apr 12, 2022 at 13:51 | Tsvetana Paraskova

After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine.   In morning trade in…

Greece To Boost Gas Exploration Efforts To Cut Russian Dependence

Greece To Boost Gas Exploration Efforts To Cut Russian Dependence

Apr 12, 2022 at 12:43 | Charles Kennedy

Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister Kyriakos Mitsotakis said on…

OPEC Raises Oil Production By Just 57,000 Bpd In March

OPEC Raises Oil Production By Just 57,000 Bpd In March

Apr 12, 2022 at 11:51 | Tsvetana Paraskova

OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core…

Biden Proposes Higher-Ethanol Gasoline Sales To Lower Pain At The Pump

Biden Proposes Higher-Ethanol Gasoline Sales To Lower Pain At The Pump

Apr 12, 2022 at 09:59 | Charles Kennedy

President Biden is set to unveil plans for the sales of higher ethanol content gasoline during the summer in an attempt to restrain the price rise at the pump, Reuters…

Shanghai’s Tesla Factory Could Be Shuttered Until Mid-May

Shanghai’s Tesla Factory Could Be Shuttered Until Mid-May

Apr 12, 2022 at 09:49 | ZeroHedge

  With all of the chaos taking place in Shanghai as a result of a new round of mysteriously overbearing Covid lockdowns, there has been very little attention…

U.S. Shakes Finger At India For Russian Oil Imports

U.S. Shakes Finger At India For Russian Oil Imports

Apr 12, 2022 at 08:56 | Innovation Policy Blog

The U.S. has warned India that it was not in its interest to continue importing crude oil from Russia, media reported, citing government officials and White House Press Secretary Jen…

OPEC Warns The EU That Replacing Russian Oil Will Be “Nearly Impossible”

OPEC Warns The EU That Replacing Russian Oil Will Be “Nearly Impossible”

Apr 11, 2022 at 16:51 | Julianne Geiger

Replacing Russian crude oil lost by a possible ban from the EU would be nearly impossible, OPEC Secretary General Mohammad Barkindo said today in a speech at a high-level meeting…

Russia’s Q1 Trade Surplus Hits Record As Oil And Gas Prices Soar

Russia’s Q1 Trade Surplus Hits Record As Oil And Gas Prices Soar

Apr 11, 2022 at 14:25 | Charles Kennedy

Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices,…

TotalEnergies To Boost LNG Capacity At Louisiana Project

TotalEnergies To Boost LNG Capacity At Louisiana Project

Apr 11, 2022 at 13:46 | Tsvetana Paraskova

TotalEnergies plans to raise the production capacity of the Cameron LNG plant in Louisiana in the United States, the French supermajor said on Monday, as the U.S. is looking…

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