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Is a Full-Blown Trade War Between the U.S. and China Looming?

Is a Full-Blown Trade War Between the U.S. and China Looming?

Western trade restrictions on China's…

Energy Efficiency is Critical for a Sustainable Future

Energy Efficiency is Critical for a Sustainable Future

Governments must prioritize energy efficiency…

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

News

Norway Is A Big Winner In Europe’s Gas Crisis

Norway Is A Big Winner In Europe’s Gas Crisis

Oct 26, 2021 at 12:08 | Tsvetana Paraskova

Western Europe’s top oil and gas producer, Norway, booked its highest-ever exports in September, and its natural gas exports recorded an all-time high value as Europe is scrambling to secure…

Colder Weather Forecasts Jolt Gas Prices In Europe

Colder Weather Forecasts Jolt Gas Prices In Europe

Oct 26, 2021 at 11:17 | Tsvetana Paraskova

Gas prices in Europe rose on Tuesday as cooler temperatures in most of Western Europe are expected at the beginning of November. The gains were modest, however, as this week’s…

Norway PM: End Of Oil Production Could Jeopardize Energy Transition

Norway PM: End Of Oil Production Could Jeopardize Energy Transition

Oct 26, 2021 at 10:45 | Irina Slav

If Norway stopped producing oil and gas, this would jeopardize the European energy transition, the country’s new prime minister, Jonas Gahr Store, told the Financial Times in his first…

Iran’s Gas Stations Out Of Service Due To Possible Cyberattack

Iran’s Gas Stations Out Of Service Due To Possible Cyberattack

Oct 26, 2021 at 09:31 | Charles Kennedy

Iran’s gas stations stopped selling fuel on Tuesday, following an outage of a government system managing fuel subsidies which some local media attributed to a cyber attack, Associated Press

Grid Operator: France Needs Nuclear Power For Net-Zero

Grid Operator: France Needs Nuclear Power For Net-Zero

Oct 25, 2021 at 15:45 | Tsvetana Paraskova

France could reach net-zero emissions by 2050 if it continues to keep a large nuclear generation fleet in the long term and develop significantly renewable energy sources, the operator of…

Tesla Receives World's Single Largest EV Order Of 100,000 Cars

Tesla Receives World's Single Largest EV Order Of 100,000 Cars

Oct 25, 2021 at 13:20 | Charles Kennedy

Tesla has just received the single largest order for electric vehicles in the world, after car rental giant Hertz said on Monday it had placed an order for 100,000…

WTI Crude Hits Highest Level In 7 Years

WTI Crude Hits Highest Level In 7 Years

Oct 25, 2021 at 12:10 | Julianne Geiger

WTI crude hit the psychologically important $85 per barrel mark earlier on Monday—the highest the U.S. crude benchmark has traded since October 2014. WTI prices eased later in the…

China Looks To Significantly Reduce Fossil Fuel Consumption By 2060

China Looks To Significantly Reduce Fossil Fuel Consumption By 2060

Oct 25, 2021 at 11:26 | Charles Kennedy

China will gradually reduce the share of fossil fuels in its energy mix until it reaches 20 percent or lower fossil fuel use by 2060, the authorities of the world’s…

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Oct 25, 2021 at 10:06 | Charles Kennedy

Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian Oil Company…

Saudi Arabia Sets 2060 Net-Zero Deadline

Saudi Arabia Sets 2060 Net-Zero Deadline

Oct 25, 2021 at 08:51 | Irina Slav

Saudi Arabia plans to become a net-zero economy by 2060, the Kingdom's Crown Prince said this weekend, adding that it had revised up its emission-cuts target for 2030, too. Mohammed…

California Gasoline Prices Are Spiking

California Gasoline Prices Are Spiking

Oct 22, 2021 at 17:18 | Julianne Geiger

The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The…

Polish Gas Firm To Wean Itself Off Russian Gas After 2022

Polish Gas Firm To Wean Itself Off Russian Gas After 2022

Oct 22, 2021 at 17:03 | Charles Kennedy

Polish Oil and Gas Company (PGNiG) doesn’t expect it would be “forced” to buy gas from Russia after its supply deal with Gazprom expires at the end of next year,…

India’s Top Utility Looks To Import Coal As Energy Crisis Continues

India’s Top Utility Looks To Import Coal As Energy Crisis Continues

Oct 22, 2021 at 15:16 | Tsvetana Paraskova

The largest power generating company in India, NTPC Ltd, is looking for bids to import at least one million tons of coal for the first time in two years, Bloomberg…

EU Leaders Split Over Response To Energy Crisis

EU Leaders Split Over Response To Energy Crisis

Oct 22, 2021 at 14:14 | Tsvetana Paraskova

The leaders of the 27 European Union member states debated for hours measures to address the current energy crisis during the first day of their summit on Thursday, opting for…

China Vows Crackdown On Coal Futures Speculation

China Vows Crackdown On Coal Futures Speculation

Oct 22, 2021 at 13:57 | Tsvetana Paraskova

Chinese authorities have signaled they would start looking into the recent price spikes and subsequent plunge in the domestic coal futures market as part of efforts to contain the price…

Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas

Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas

Oct 22, 2021 at 11:34 | Irina Slav

Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports, citing President Vladimir Putin as…

UK’s Newest Gas Projects May Ease Crisis

UK’s Newest Gas Projects May Ease Crisis

Oct 22, 2021 at 10:29 | Julianne Geiger

The U.K’s natural gas production is soon expected to increase, as two new projects come online. Two new projects in the North Sea have recently started to flow gas, according…

Turkey’s Fuel Stations Have to Update Pumps To Double-Digit Gas Price

Turkey’s Fuel Stations Have to Update Pumps To Double-Digit Gas Price

Oct 22, 2021 at 09:24 | Charles Kennedy

Soaring energy prices in resource-poor Turkey and a record dip of the local currency are forcing fuel distributors to consider how to update pumps to quote double-digit gasoline and diesel…

Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

Oct 21, 2021 at 14:38 | ZeroHedge

Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when…

India Looks To Create Strategic Coal And Gas Reserves

India Looks To Create Strategic Coal And Gas Reserves

Oct 21, 2021 at 13:04 | Tsvetana Paraskova

One of the world’s largest energy consumers and importers, India, is weighing the possibility of keeping strategic reserves of imported coal and natural gas in order to fend off future…

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