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China And U.S. Dominate Global Seaport Trade

China And U.S. Dominate Global Seaport Trade

China dominates global seaport trade…

Energy / Energy-General

Top Oil Trader Sees Supply Tightness Easing Amid Refinery Maintenance

Sep 04, 2023 at 04:24 | Tsvetana Paraskova

The tight oil market could see some reprieve in the coming two months as refineries plan end-of-summer maintenance, according to Russell Hardy, the chief executive of the world’s…

Biden’s $12 Billion Answer To Converting The Trillion Dollar Auto Industry

Sep 01, 2023 at 13:48 | Alex Kimani

The Biden administration is offering $12 billion in grants and loans to automakers and suppliers to retrofit their plants to manufacture electric vehicles…

Drilling Continues To Disappoint As Oil Prices Climb

Sep 01, 2023 at 12:20 | Julianne Geiger

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

Global Energy Slump Impacts Qatar’s Post-World Cup Finances

Sep 01, 2023 at 09:20 | Tsvetana Paraskova

Lower oil and gas prices this year and the end of last year’s massive spending before and during the World Cup have slowed down the economic growth in Qatar, one…

Air Traffic Chaos Exposes Crisis In The Skies

Sep 01, 2023 at 09:18 | City A.M

“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine…

Is Central Asia The Next Flashpoint In A Warming World?

Sep 01, 2023 at 09:16 | RFE/RL staff

Speakers at a conference dedicated to Central Asia this week struggled to find good things to say about the region -- or at least enough good to rival…

A World Running On Empty: The Decline Of Fossil Fuel Supply

Sep 01, 2023 at 09:08 | Gail Tverberg

For many years, there has been a theory that imports of oil would become a problem before there was an overall shortage of fossil fuels. In fact, when I look…

Investigation Into Carbon Offsets Forces Shell To Rethink Strategy

Sep 01, 2023 at 09:03 | Irina Slav

A year ago, Shell had big plans for its decarbonization. These plans included a sharp cut in oil and gas production and the development of a whole new business segment:…

Will We See $90 WTI Soon?

Sep 01, 2023 at 08:52 | Editorial Dept

U.S. Crude Trends Upward U.S. benchmark October West Texas Intermediate (WTI) crude oil prices marked a significant uptick, with U.S. crude oil seeing an increase of over $2 a…

The Largest Threat To The Solar Industry

Sep 01, 2023 at 08:50 | Editorial Dept

1. Gabon Coup Roils West African Markets, Avoiding Disruptions So Far- The second coup in…

Another Twist In Kurdistan's Oil Export Saga

Sep 01, 2023 at 08:46 | Editorial Dept

Politics, Geopolitics & Conflict In the wake of the death of the Russian head of the Wagner mercenary group in a plane crash, the focus is now on who will…

Has The Oil Rally Run Out Of Fuel?

Sep 01, 2023 at 08:44 | Editorial Dept

Crude oil futures have been on a bit of a tear for the last week or so, posting only one down day in the last six days of trading, and…

What The Gabon Coup Means For Oil Markets

Sep 01, 2023 at 08:43 | Editorial Dept

The coup in Niger has now spread to Gabon, with military leaders on Wednesday overthrowing the long-time president (the Bongo family, which has ruled since the 60s) and…

Oil Prices Climb As Traders Refocus On Fundamentals

Sep 01, 2023 at 08:37 | Michael Kern

Bullish sentiment is building in oil markets as U.S. inventory levels continue to drop while OPEC+ production and export cuts are expected to be extended.

Saudi Arabia's Oil Exports Plunge To March 2021 Lows

Sep 01, 2023 at 07:20 | Tsvetana Paraskova

Saudi crude oil exports plummeted in August to the lowest in two and a half years as the Kingdom continued to slash production by 1 million barrels per…

Oil Prices On Course For A Weekly Gain Despite Economic Uncertainty

Sep 01, 2023 at 00:58 | Irina Slav

After four days of gains, crude oil prices were on track to end their two-week losing streak as traders once again turned their attention from economic indicators to…

Why Refining Margins Are Soaring

Aug 31, 2023 at 17:12 | Alex Kimani

Europe’s inventories for middle distillates and heavier products have dropped sharply leading to refining margins skyrocketing with diesel now at $125 per barrel thanks to Saudi Arabia and…

U.S. Oil Major Is A Big Winner Of Biden’s Climate Funding

Aug 31, 2023 at 12:10 | Tsvetana Paraskova

One of the biggest U.S. oil producers, Occidental, has just won one of two grants by the Biden Administration to build the world’s first direct air capture plant in Texas…

Refiners Are Raking It In Amid Surge In Diesel Margins

Aug 31, 2023 at 08:40 | ZeroHedge

Diesel prices have been supercharged this summer, but as Bloomberg's Jack Wittels warns, the moves seem out of kilter with the relatively mundane fundamental drivers, creating the…

Big Oil's Empty Green Promises

Aug 31, 2023 at 08:18 | Felicity Bradstock

Despite big promises, recent reports suggest that international oil majors are doing little to contribute to the green transition when compared to their ongoing investments in oil and gas operations.…

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