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China Dominates Global Hydropower Generation

China Dominates Global Hydropower Generation

China is the undisputed global…

U.S. Attracts Europe’s Beleaguered Solar Companies

U.S. Attracts Europe’s Beleaguered Solar Companies

The unfolding situation poses a…

News

The Market For Zinc Is Collapsing

The Market For Zinc Is Collapsing

Jun 30, 2021 at 11:09 | Stuart Burns

The zinc price has defied expectations that oversupply would put so much downward pressure on prices that last month’s $3,100/ton high would be the peak for years to…

40% Rally Puts Oil Prices On Track For Best First Half Since 2009

40% Rally Puts Oil Prices On Track For Best First Half Since 2009

Jun 30, 2021 at 10:31 | Tsvetana Paraskova

Oil prices rose by 1 percent early on Wednesday and were set for the best performance in a first half of a year since 2009, as demand recovery and advances…

OPEC+ Delays Ministerial Meeting Amid Differences

OPEC+ Delays Ministerial Meeting Amid Differences

Jun 30, 2021 at 08:58 | Irina Slav

OPEC+ has delayed a meeting of oil ministers scheduled for today to give member states more times to come to an agreement about how they are to proceed with the…

U.S. Oil Inventories Fall For Sixth Straight Week

U.S. Oil Inventories Fall For Sixth Straight Week

Jun 29, 2021 at 15:59 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.153-million barrels for the week ending June 25. Analysts had predicted a draw of

Nigeria Prepares To Reveal New Oil Bill 20 Years In The Making

Nigeria Prepares To Reveal New Oil Bill 20 Years In The Making

Jun 29, 2021 at 14:28 | Michael Kern

Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has taken 20 years to draft.…

Pipeline Operators Score Massive Supreme Court Victory

Pipeline Operators Score Massive Supreme Court Victory

Jun 29, 2021 at 13:54 | Tsvetana Paraskova

The U.S. Supreme Court backed on Tuesday a pipeline development consortium in its legal battle with the state of New Jersey over eminent domain for a planned natural gas…

Record-Breaking Heatwave Sparks Blackouts Across The Pacific Northwest

Record-Breaking Heatwave Sparks Blackouts Across The Pacific Northwest

Jun 29, 2021 at 11:31 | Tsvetana Paraskova

The record-shattering heatwave in the U.S. Pacific Northwest has already caused the first rolling outages in Washington State, while California’s power system operator issued a heat warning that electricity supply…

U.S.-Controlled Oilfield In Syria Attacked By Rockets

U.S.-Controlled Oilfield In Syria Attacked By Rockets

Jun 29, 2021 at 10:20 | Michael Kern

A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had carried…

Oil Prices Climb On An Optimistic Outlook From OPEC+

Oil Prices Climb On An Optimistic Outlook From OPEC+

Jun 29, 2021 at 10:02 | Tsvetana Paraskova

Oil reversed earlier losses to rise on Tuesday morning after OPEC+ expressed optimism that the market looks “significantly improved,” while major importer India called on the group once again to…

Is The Tesla Hype Fading?

Is The Tesla Hype Fading?

Jun 29, 2021 at 09:43 | ZeroHedge

Sound the alarm bells: it appears that some of the most fervent Tesla cultists could be beginning to stray from the path in what could be…

New Russian Tariffs Could Send Key Metal Prices Even Higher

New Russian Tariffs Could Send Key Metal Prices Even Higher

Jun 29, 2021 at 09:37 | Stuart Burns

The metals markets received a jolt late last week with the news that Russia is considering applying export tariffs to steel, aluminum, copper, nickel, and ferroalloys from this…

India’s Fuel Demand Is Finally Bouncing Back

India’s Fuel Demand Is Finally Bouncing Back

Jun 29, 2021 at 09:21 | Irina Slav

Indian fuel demand is beginning to improve as states begin to ease their lockdowns and refineries begin to raise run rates, Argus has reported. The report cites India's oil…

Russia Is Struggling To Boost Oil Production

Russia Is Struggling To Boost Oil Production

Jun 29, 2021 at 09:14 | Irina Slav

Russia is having trouble reversing an oil production decline it implemented under its agreement with OPEC+, Reuters writes, citing unnamed sources. According to these sources, Russia has been producing…

Oil Falls Sharply Ahead Of OPEC+ Meeting

Oil Falls Sharply Ahead Of OPEC+ Meeting

Jun 28, 2021 at 15:20 | Julianne Geiger

As OPEC+ prepares for its next meeting to discuss easing its oil output restrictions for the group, Europe and the United States are possibly staring down the barrel of the…

UAE Warns Buyers It’ll Deliver Less Crude Ahead Of OPEC+ Meeting

UAE Warns Buyers It’ll Deliver Less Crude Ahead Of OPEC+ Meeting

Jun 28, 2021 at 12:26 | Tsvetana Paraskova

Despite expectations that the OPEC+ group could raise overall supply in the coming months, the Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) plans to significantly…

China Starts Up Second-Biggest Hydropower Dam In The World

China Starts Up Second-Biggest Hydropower Dam In The World

Jun 28, 2021 at 10:20 | Tsvetana Paraskova

China has launched power generation from the first operational units at a massive new hydropower dam, which is the world’s second-largest after the Three Gorges dam, again in China, The…

Iran Grapples With Major Oil Worker Strike

Iran Grapples With Major Oil Worker Strike

Jun 28, 2021 at 09:14 | Irina Slav

Oil and petrochemical workers from 60 companies across eight Iranian provinces are now on strike demanding higher wages and better contractual conditions, Iran International reported, adding that the strikes…

19 U.S. Oil & Gas Pipelines Moving To Completion This Year

19 U.S. Oil & Gas Pipelines Moving To Completion This Year

Jun 25, 2021 at 17:26 | Charles Kennedy

U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) said on Friday. Two…

Texas Grid Meets Record June Demand

Texas Grid Meets Record June Demand

Jun 25, 2021 at 16:43 | Charles Kennedy

The Electric Reliability Council of Texas (ERCOT) has been able to meet record peak demand so far in June despite tight grid conditions last week. Yet, analysts and residents question…

Global Jet Fuel Demand Is Slowly Recovering

Global Jet Fuel Demand Is Slowly Recovering

Jun 25, 2021 at 16:03 | Tsvetana Paraskova

America and Europe are leading a slow but steady recovery in global airline seat capacity and travel, which is driving up demand for jet fuel. Aviation fuel demand will not…

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