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Energy / Energy-General

Russia And Saudi Arabia Are Battling For Oil Market Share In Asia

Aug 25, 2022 at 09:41 | Cyril Widdershoven

After months of increased Russian crude oil and petroleum product volumes heading to Asian customers, mainly China and India, Russian oil is now facing stiff competition. The first…

The Incredible Green Hydrogen Potential Of China And India

Aug 25, 2022 at 09:36 | Felicity Bradstock

While Europe and the Middle East are speeding along in their development of a strong green hydrogen industry, two unexpected contenders may soon be competing for their position…

Oil & Gas Industry Set For Record $1.4 Trillion Cash Flow In 2022

Aug 25, 2022 at 08:45 | Tsvetana Paraskova

Oil and gas exploration and production (E&P) firms globally could generate combined cash flows of a record $1.4 trillion this year, thanks to high prices in the ongoing…

Texas Threatens Financial Firms That Boycott Fossil Fuels

Aug 25, 2022 at 07:36 | Irina Slav

Texas is preparing to shut the investment door to financial services companies that shun the oil and gas industry and may ban them from doing business in the…

20 Million American Households Are Behind On Energy Bills

Aug 24, 2022 at 09:57 | Michael Kern

One in six U.S. homes, or 20 million households, have fallen behind on their energy bills as power prices rise and inflation eats up incomes, Bloomberg

Belgium PM: “Next 5-10 Winters Will Be Difficult” As Energy Crisis Persists

Aug 24, 2022 at 08:47 | ZeroHedge

Belgian Prime Minister Alexander De Croo might have spilled the beans about the duration of Europe's energy crisis. He told reporters Monday, "the next 5 to 10 winters…

Bullish OPEC+ Rhetoric Sends Oil Prices Soaring

Aug 23, 2022 at 11:08 | Tom Kool

Crude prices soared on Tuesday morning after…

Finland Braces For Rolling Blackouts This Winter

Aug 23, 2022 at 09:35 | Tsvetana Paraskova

Finland should be prepared for possible power outages this winter in case of shortfalls in electricity supply, the Finnish grid operator said on Tuesday, in yet another warning of…

European Crop Yields Collapse Amid Worst Drought In 500 Years

Aug 23, 2022 at 09:15 | ZeroHedge

Besides the news of record high electricity prices, a troubling new crop failure report about Europe's upcoming harvest was published Monday. The bloc's Monitoring Agricultural Resources forecasted corn…

Saudi Minister Says OPEC+ Could Cut Production At Any Time

Aug 22, 2022 at 11:37 | Charles Kennedy

Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman dangled the threat of potential OPEC+ production cuts that could come at any time. …

Bearish Sentiment Has Taken Hold Of Oil Markets

Aug 22, 2022 at 11:36 | Tsvetana Paraskova

Concerns about a recession in major oil-consuming markets have weighed on oil prices in recent weeks. Last week, oil dipped to the lowest level in six months, a…

The World’s Biggest LNG Exporter Has A Pipeline Problem

Aug 22, 2022 at 11:33 | Alex Kimani

The United States has become the world's biggest liquefied natural gas (LNG) exporter as deliveries to energy-starved buyers in Europe and Asia have surged. In the current year,…

Saudi Arabia Is Planning To Build The World’s Largest Wind Farm In Uzbekistan

Aug 22, 2022 at 11:29 | Eurasianet

Uzbekistan’s president has returned from a trip to Saudi Arabia with $14 billion in promised investments, his office says. Of that, $12 billion is earmarked to…

Aluminum Smelters Shutter Operations In Europe As Power Prices Soar

Aug 22, 2022 at 11:22 | ZeroHedge

Second-round effects from Europe's astronomical power price increases are coming in hot and heavy. With both French and German 1-year ahead baseload electricity prices hitting levels which mean…

Chinese Banks Slash Key Interest Rate In Bid To Bolster Stalling Economy

Aug 22, 2022 at 11:19 | City A.M

China’s banks have slashed a key interest rate in a token gesture to revive the world’s second-largest economy. The country’s central bank said yesterday the one-year…

Kazakh Oil Flows Interrupted Again

Aug 22, 2022 at 09:40 | Irina Slav

The flow of crude oil from Kazakhstan via Russia has been interrupted by damaged equipment at the Black Sea terminus of the CPC pipeline, Reuters has reported, citing the…

Private Equity Is Pouring More Money In Oil And Gas

Aug 19, 2022 at 17:15 | Irina Slav

In February this year, The Guardian published exclusively a report by two non-profits that detailed the participation of the world’s largest private equity firms in the oil and…

U.S. Rig Count Stalls

Aug 19, 2022 at 12:14 | Julianne Geiger

The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the…

Demand Fears Fail To Keep Oil Prices Under $90

Aug 19, 2022 at 11:18 | Michael Kern

Bearish sentiment has taken hold of oil markets recently as fears of demand destruction and rumors of a new nuclear deal pushed prices down. Strong inventory draws in the U.S.…

China Accounts For Nearly Half Of The World’s Renewable Energy Capacity

Aug 19, 2022 at 10:28 | Felicity Bradstock

Despite big talk from the West, China is pumping huge amounts of funding into its renewable energy sector as it seeks to become competitive in its green energy…

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