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Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

The Global Economic System is Reaching Its Limits

The Global Economic System is Reaching Its Limits

The world's economic myths, especially…

News

West Set To ‘Swap’ 650,000 Bpd Russian Oil With Developing Asia

West Set To ‘Swap’ 650,000 Bpd Russian Oil With Developing Asia

Apr 05, 2022 at 15:21 | Tsvetana Paraskova

Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other producers amid self-sanctioning,…

Canada’s Oil Boom Constrained By Workforce Shortage

Canada’s Oil Boom Constrained By Workforce Shortage

Apr 05, 2022 at 13:46 | Charles Kennedy

While $100 oil incentivizes increased production in Canada’s crude-producing province of Alberta, the ramp-up of production is being held back by an issue all too familiar to the U.S. shale…

Government Of OPEC Heavyweight Kuwait Resigns

Government Of OPEC Heavyweight Kuwait Resigns

Apr 05, 2022 at 12:28 | Tsvetana Paraskova

The government of Kuwait resigned on Tuesday as the political impasse in one of the largest OPEC producers deepened ahead of a vote of no-confidence in Parliament. Kuwait's Prime Minister…

Oxford-Based Start-up May Have Forced Breakthrough In Nuclear Fusion

Oxford-Based Start-up May Have Forced Breakthrough In Nuclear Fusion

Apr 05, 2022 at 11:42 | City A.M

The crown jewel of energy production, nuclear fusion using a projectile, may have been cracked in a major scientific breakthrough by a start-up in Oxford. First Light Fusion (FLF) was…

EU Pleads For Less Energy Use As Energy Crisis Intensifies

EU Pleads For Less Energy Use As Energy Crisis Intensifies

Apr 05, 2022 at 10:33 | Irina Slav

Turning down the thermostat by just one or two degrees Celsius could save some 10 percent of the energy that the EU imports from Russia, the Financial Times reported…

Canada To Invest $1.6 Billion In Battery Metals Supply

Canada To Invest $1.6 Billion In Battery Metals Supply

Apr 05, 2022 at 09:20 | Irina Slav

Canada will spend some $1.6 billion (C$2 billion) on building a battery mineral supply chain, Reuters has reported, citing two sources from the federal government in Ottawa. Nickel, lithium,…

UK Drivers Queue For Gasoline As Climate Activists Block Fuel Depots

UK Drivers Queue For Gasoline As Climate Activists Block Fuel Depots

Apr 04, 2022 at 14:38 | Charles Kennedy

Drivers in the UK have been queuing for fuel in recent hours after several days of climate protests culminated on Monday with a blockade of an oil facility near Heathrow…

EU Considers Energy Sanctions Against Russia Over War Crimes In Ukraine

EU Considers Energy Sanctions Against Russia Over War Crimes In Ukraine

Apr 04, 2022 at 12:31 | Tsvetana Paraskova

The European Union condemned on Monday the killing of unarmed civilians by Russian forces while retreating from Ukrainian towns and vowed a new wave of severe sanctions would follow against…

Gold Finds Stability As Recession Fears Rise

Gold Finds Stability As Recession Fears Rise

Apr 04, 2022 at 11:45 | City A.M

Gold markets have stabilized following three weeks of decline, recording an uptick of 0.36 percent despite upcoming interest rate hikes being priced into the market. Prices…

Semiconductor Sales Surge Despite Ongoing Supply Shortages

Semiconductor Sales Surge Despite Ongoing Supply Shortages

Apr 04, 2022 at 11:43 | Metal Miner

The Automotive Monthly Metals Index (MMI) increased by 8.1%, as palladium prices surged in the early part of the month and renewed COVID-related restrictions in China…

Tight Supply Sends U.S. East Coast Jet Fuel Price Surging

Tight Supply Sends U.S. East Coast Jet Fuel Price Surging

Apr 04, 2022 at 10:49 | Tsvetana Paraskova

The U.S. East Coast is currently seeing record high jet fuel prices as the global market of distillates is exceptionally tight after the Russian invasion of Ukraine and the return…

Discussion About Recommendations Delays UN Climate Report

Discussion About Recommendations Delays UN Climate Report

Apr 04, 2022 at 10:43 | Tsvetana Paraskova

The Intergovernmental Panel on Climate Change (IPCC) has delayed the release and presentation of the latest report on how policymakers could act to slow global warming as nations continued to…

Suspension Of Russian Oil, Gas Threatens Germany With Recession

Suspension Of Russian Oil, Gas Threatens Germany With Recession

Apr 04, 2022 at 10:05 | Charles Kennedy

Halting Russian oil and gas supplies to Germany would plunge Europe's largest economy into recession, German banks have warned. According to a Reuters report, the BDB industry body expects…

The Baltic States Stop Importing Russian Gas

The Baltic States Stop Importing Russian Gas

Apr 04, 2022 at 08:51 | Irina Slav

The three Baltic states—Lithuania, Latvia, and Estonia—have suspended all purchases of Russian gas, government officials said. For now, the needs of the three tiny nations will be satisfied from storage…

Germany Could Nationalize Parts Of Russian Oil And Gas Giants

Germany Could Nationalize Parts Of Russian Oil And Gas Giants

Apr 01, 2022 at 17:24 | Charles Kennedy

Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for…

Russian Oil Production Has Already Begun To Decline

Russian Oil Production Has Already Begun To Decline

Apr 01, 2022 at 17:12 | Tsvetana Paraskova

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of…

Sellers Are Looking To Unload Russian Crude For Yuan

Sellers Are Looking To Unload Russian Crude For Yuan

Apr 01, 2022 at 16:50 | Tsvetana Paraskova

Cargoes of Russia’s ESPO crude loading in May have been offered to China for payments in yuan, as the world’s top crude importer continues to purchase Russian oil but is…

The UK Set To Join U.S. In Oil Reserve Release

The UK Set To Join U.S. In Oil Reserve Release

Apr 01, 2022 at 12:30 | Charles Kennedy

The United Kingdom is set to join the United States in the latest round of releases from strategic petroleum reserves as the Western allies and the International Energy Agency (IEA)…

Fuel-Stressed Households In UK Double Overnight

Fuel-Stressed Households In UK Double Overnight

Apr 01, 2022 at 10:34 | Charles Kennedy

The number of fuel-stressed households in the UK doubled with the start of this month as the energy market regulator of the country lifted the cap on energy prices. Per…

Venezuela Scrambles To Find Oil Tankers As It Expects Sanction Relief

Venezuela Scrambles To Find Oil Tankers As It Expects Sanction Relief

Apr 01, 2022 at 09:15 | Irina Slav

Venezuela is reportedly looking for oil tankers in anticipation of sanction relief from Washington. Reuters cited three unnamed sources and a document as saying the state-owned oil company PDVSA…

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