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Could We Power Flights With Human Waste?

Could We Power Flights With Human Waste?

Aviation companies are exploring the…

Will Namibia Become OPEC’s Newest Member?

Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC…

News

Why Canadian Crude Producers Aren’t Sending More Oil To The U.S.

Why Canadian Crude Producers Aren’t Sending More Oil To The U.S.

Feb 10, 2022 at 12:09 | Charles Kennedy

Canadian oil producers are not rushing to raise supply too much because of the country’s perennial problem with limits to the pipeline takeaway capacity, thus not reaping the benefits of…

Russia Enjoys $65 Billion Windfall As Oil Rallies

Russia Enjoys $65 Billion Windfall As Oil Rallies

Feb 10, 2022 at 10:14 | Irina Slav

Russia could get an additional $65 billion for its state coffers this year if higher oil prices remain resilient, Bloomberg reported this week, citing estimates made by economists. For…

UK Natural Gas Imports To Increase Drastically In Coming Years

UK Natural Gas Imports To Increase Drastically In Coming Years

Feb 10, 2022 at 09:16 | Irina Slav

Despite its efforts to boost renewable energy generation at the expense of fossil fuels, the UK is facing a higher natural gas import dependency in the coming years as local…

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

Feb 09, 2022 at 16:48 | Julianne Geiger

Oil prices rose late on Wednesday afternoon with Brent reaching just shy of $92 per barrel. But JPMorgan is warning that Brent crude could “easily” reach $120…

White House: No Oil Producer Should Hold Back Supply As Oil Hits $90

White House: No Oil Producer Should Hold Back Supply As Oil Hits $90

Feb 09, 2022 at 13:09 | Tsvetana Paraskova

No oil producer around the world should hold back supply when demand is rising, the White House says as oil hit $90, noting that the U.S. Administration has left “all…

New Breakthrough Could Speed Up Nuclear Fusion Development

New Breakthrough Could Speed Up Nuclear Fusion Development

Feb 09, 2022 at 13:05 | Tsvetana Paraskova

Scientists and engineers have announced a record-breaking achievement of sustained fusion, which researchers say demonstrates the potential of nuclear fusion power plant designs. Although nuclear fusion has been long recognized…

Democratic Senators Propose Suspending Federal Gas Tax Until End-2022

Democratic Senators Propose Suspending Federal Gas Tax Until End-2022

Feb 09, 2022 at 11:43 | Charles Kennedy

Two Democratic Senators have introduced a bill proposing the suspension of the federal gas tax until the end of 2022, as many U.S. voters are concerned with the soaring gasoline…

China’s Hualong One Nuclear Reactor Design Purchased By Argentina

China’s Hualong One Nuclear Reactor Design Purchased By Argentina

Feb 09, 2022 at 10:34 | Leonard Hyman & William Tilles

Last week we wrote about the seeming technological advancement of China versus the US. This week we received two more indicators in the energy area supporting this theme. First in…

New York Pension Fund To Dump Half U.S. Shale Firms From Its Portfolio

New York Pension Fund To Dump Half U.S. Shale Firms From Its Portfolio

Feb 09, 2022 at 10:31 | Tsvetana Paraskova

The third-largest pension fund in the United States, the New York State Common Retirement Fund, will sell stakes and bonds in half the shale companies it is invested in, as…

Mexico Energy Bill Could Stop U.S. Climate Plan

Mexico Energy Bill Could Stop U.S. Climate Plan

Feb 09, 2022 at 09:11 | Charles Kennedy

The new Mexican energy bill that could become law and give more state control over the energy industry could interfere with U.S. companies' emissions-cutting plans, the American Chamber of Commerce…

Oil Prices Inch Closer To $90 On Surprise Crude Draw

Oil Prices Inch Closer To $90 On Surprise Crude Draw

Feb 08, 2022 at 15:48 | Julianne Geiger

The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 2.025 million barrels after analysts predicted a build of 675,000 barrels.…

UK To Rely On Oil And Gas Despite Net-Zero Pledge

UK To Rely On Oil And Gas Despite Net-Zero Pledge

Feb 08, 2022 at 13:29 | Charles Kennedy

Domestic oil and gas production will continue to play an important role in the UK’s energy mix, despite the commitment to net-zero emissions by 2050, Prime Minister Boris Johnson

Tanker Rates Turn Negative As U.S. LNG Flocks To Europe

Tanker Rates Turn Negative As U.S. LNG Flocks To Europe

Feb 08, 2022 at 12:44 | Tsvetana Paraskova

The spot charter rates for shipping U.S. liquefied natural gas to Europe have just turned negative, suggesting that there are now too many LNG vessels in the Atlantic region but…

Indian Coal Mogul Becomes Asia’s Richest Person As He Moves Into Renewables

Indian Coal Mogul Becomes Asia’s Richest Person As He Moves Into Renewables

Feb 08, 2022 at 10:25 | Tsvetana Paraskova

Indian billionaire Gautam Adani, who has made his fortune in coal, ports, and green energy, became Asia’s richest person on Monday, moving ahead of another Indian mogul, Mukesh Ambani, in…

Biden Threatens End Of Nord Stream 2 If Ukraine Situation Escalates

Biden Threatens End Of Nord Stream 2 If Ukraine Situation Escalates

Feb 08, 2022 at 09:09 | Irina Slav

President Joe Biden issued a threat for the Nord Stream natural gas project if Russia were to invade Ukraine, although he did not elaborate on how such a move would…

U.S. Refinery Outages Are Another Headache For Biden

U.S. Refinery Outages Are Another Headache For Biden

Feb 07, 2022 at 17:04 | Julianne Geiger

While gasoline prices continue to be a troubling political factor for the Biden Administration, the recent inclement weather in refinery country on the U.S. Gulf Coast has caused two major…

IHS Markit: LNG Can Replace Ukraine Gas Flows To Europe

IHS Markit: LNG Can Replace Ukraine Gas Flows To Europe

Feb 07, 2022 at 14:33 | Charles Kennedy

If the natural gas flows from Russia via Ukraine were to stop in an escalation of the Russia-Ukraine crisis, LNG imports would be enough to replace the flows to Europe…

Saudi Arabia Is Doubling Down On Oil Production

Saudi Arabia Is Doubling Down On Oil Production

Feb 07, 2022 at 14:06 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, believes there will still be a market for its crude decades from now and plans to boost its production capacity while some other…

U.S. Gasoline Prices Set To Ease

U.S. Gasoline Prices Set To Ease

Feb 07, 2022 at 12:29 | Tsvetana Paraskova

After hitting a peak of $3.45 per gallon last week, the national average U.S. gasoline prices are expected to calm down significantly this week due to price cycling, Patrick De…

U.S. Considers Chevron Request To Take, Trade Venezuelan Oil

U.S. Considers Chevron Request To Take, Trade Venezuelan Oil

Feb 07, 2022 at 10:40 | Charles Kennedy

The U.S. Administration is currently reviewing a request from Chevron to potentially allow the U.S. oil giant to take and trade crude from Venezuela as a form of payment for…

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