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Breaking News:

Goldman Sachs Drops Oil Price Forecast

Energy / Energy-General

The EU’s Aggressive Plan To Counter Astronomical Electricity Prices

Sep 07, 2022 at 07:58 | Tsvetana Paraskova

The European Commission will soon propose a mandatory target for the EU to cut power consumption at peak hours, a revenue cap on electricity producers and fossil fuel…

What’s Happening At Ukraine’s Occupied Nuclear Plant?

Sep 07, 2022 at 06:15 | Alex Kimani

Ukraine’s state nuclear company Energoatom has reported that the final working reactor at the six-reactor facility at Zaporizhzhia in southern Ukraine was disconnected…

Demand Concerns Drag Oil Prices Lower

Sep 07, 2022 at 03:24 | Irina Slav

Oil demand concern and weaker than expected economic news from China have reversed the gains oil prices booked on Monday after OPEC+’s meeting, with both Brent crude and…

Can OPEC+ Keep Oil Prices Above $90?

Sep 06, 2022 at 11:13 | Tom Kool

Brent crude held above $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut.

Uzbekistan And Azerbaijan Sign Landmark Energy Deal

Sep 06, 2022 at 09:36 | Eurasianet

It has been clear for some time that Russia’s war in Ukraine is driving the Central Asian states and Azerbaijan to forge tighter partnerships, as countries in Moscow’s…

Aramco Cuts Crude Prices To Asia And Europe For First Time In Four Months

Sep 06, 2022 at 09:29 | Charles Kennedy

For the first time in four months, Saudi Aramco has slashed prices of October crude oil exports for European and Asian buyers just a day after…

60% Of UK Manufacturers Could Close As Energy Prices Soar

Sep 06, 2022 at 09:13 | ZeroHedge

As many as six in 10 British manufacturing businesses are at risk of closure, according to a recent survey as soaring energy bills and the wider cost-of-living crisis has owners…

Europe’s Reaction To The Energy Crisis Is Turning Into A ‘Ponzi Scheme’

Sep 06, 2022 at 09:07 | Irina Slav

The leadership of the European Union has been hard at work these days, trying to find a lasting solution to an energy crisis that is worsening by the…

Energy Independence Will Not Solve The Global Gas Crunch

Sep 06, 2022 at 08:23 | Haley Zaremba

The Russian war in Ukraine has sent a devastating domino effect rippling through the global economy that has left nations across the world wirth devastating energy shortages right…

“Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls

Sep 06, 2022 at 08:14 | Josh Owens

European energy companies are facing margin calls of a total of $1.5 trillion in the derivatives market and many would need policy support to cover them amid wild…

Russia Is Now Producing LNG Near The Shuttered Nord Stream Pipeline

Sep 06, 2022 at 06:36 | Tsvetana Paraskova

Gazprom has launched liquefied natural gas (LNG) production at a facility close to the starting point of the now-shut Nord Stream gas pipeline to Germany, the Russian company’s deputy CEO…

Britain's New Prime Minister Has A $150 Billion Plan To Freeze Energy Bills

Sep 06, 2022 at 04:31 | Tsvetana Paraskova

Liz Truss, the Conservative candidate who won the race to be the UK’s next prime minister, has been considering plans in recent days to spend $150 billion (£130 billion) over…

UK In The Running For $8 Billion Battery Gigafactory

Sep 05, 2022 at 12:16 | City A.M

The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global…

Liz Truss Promises To Solve UK Energy Crisis As New PM

Sep 05, 2022 at 10:39 | Alex Kimani

The Conservative Party’s Liz Truss will become the new prime minister of the UK after defeating Rishi Sunak for the Tory leadership, promising urgent plans to deal with…

The Vital Role Of Nuclear Power In Reducing Emissions

Sep 05, 2022 at 09:58 | Robert Rapier

Any time I write about nuclear power, it evokes passionate responses from readers. That was certainly the case following my previous article, Nuclear Power Could…

Is Iraq An Underappreciated Risk In Oil Markets?

Sep 05, 2022 at 09:33 | Felicity Bradstock

Iraq’s record-high oil exports could be hindered by the rising political turmoil being seen across the country. While political instability has typically had little effect on the country’s…

Europe’s Energy Crisis Could Force The Large Hadron Collider To Be Idled

Sep 05, 2022 at 09:11 | Charles Kennedy

The energy crisis in Europe is not only disrupting businesses and household finances, but it’s also hitting at the heart of crucial scientific research and experiments. 

Russia Won’t Restart Nord Stream Pipeline Until Sanctions Are Lifted

Sep 05, 2022 at 07:21 | Tsvetana Paraskova

Russian natural gas supply via the Nord Stream pipeline to Germany will remain shut until the Western sanctions that impede gas turbine repairs are lifted, Kremlin spokesman Dmitry…

Russian Resistance Makes OPEC+ Production Cut Unlikely

Sep 05, 2022 at 06:02 | Irina Slav

Russia would not support a decision by OPEC+ to cut oil production, the Wall Street Journal has reported, citing unnamed sources close to the cartel.…

Is The Oil Market Really Broken?

Sep 02, 2022 at 11:50 | Irina Slav

“The oil futures market is completely broken. Moving down $10 in a day for no apparent reason,” tweeted hedge fund celebrity Pierre Andurand…

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