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Energy

India And China Take In Russian Oil Unwanted In The West

Jun 13, 2022 at 08:49 | Tsvetana Paraskova

Attracted by cheap prices, India and China continue to increase their imports of Russian crude, which is now mostly banned in the West. India, which wasn’t a big buyer of…

China's Oil Demand Growth Threatened By Latest Covid Outbreak

Jun 13, 2022 at 08:06 | Irina Slav

Just as China was returning to business as usual after the latest string of lockdowns, an "explosive" outbreak in a Beijing district could derail this. "The recent outbreak ... is…

Argentina's Plan For Windfall Tax On Energy Is A Dangerous Move

Jun 10, 2022 at 13:52 | Alex Kimani

Last month, U.K. Finance Minister Rishi Sunak imposed a windfall tax on oil and gas majors as the government tries to alleviate the country's worsening cost-of-living crisis. Chancellor Sunak…

Weak Chinese Demand Weighs On Oil Prices

Jun 10, 2022 at 12:35 | Tom Kool

Oil prices fell slightly on Friday morning as one of the only consistently bearish factors in oil markets, weak demand from China due to Covid lockdowns, came into focus.

U.S. Oil Rig Count Jumps As Crude Holds At $120

Jun 10, 2022 at 12:12 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 6 this week, after drilling increases stalled out in the week prior, according to new data from…

Would A Price Cap On Russian Oil Help Curb Its Revenue?

Jun 10, 2022 at 11:12 | Irina Slav

The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget…

Shell Is Looking To Shake Up The Energy Game In Texas

Jun 10, 2022 at 11:09 | Haley Zaremba

For years now, we have seen a growing divide between oil supermajors in Europe and the United States, as Big Oil has split…

How To Play Suriname’s Oil Boom

Jun 10, 2022 at 11:08 | David Messler

The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since…

Why Is The UK Sending Gasoline To America As Prices Explode?

Jun 10, 2022 at 11:02 | Tsvetana Paraskova

The UK shipped 1.85 million barrels of gasoline and gasoline blending components to the United States in May, the highest monthly exports of those products since December 2021,…

The U.S. Oil And Gas Industry Has A Methane Problem

Jun 10, 2022 at 10:58 | Felicity Bradstock

New studies show that several oil and gas firms in the U.S. have been underreporting methane leaks in their operations in the Permian Basin. As Biden pushes his…

Can Azerbaijan Help Solve Europe’s Gas Crisis?

Jun 10, 2022 at 10:54 | James Durso

The Russia-Ukraine war disrupted global supply chains and weakened economies worldwide, but it spells opportunity for Azerbaijan, the hinge of Europe and Asia. The U.S. and…

U.S. Inflation At Highest In Four Decades As Fuel Prices Soar

Jun 10, 2022 at 10:29 | Tsvetana Paraskova

U.S. inflation in May saw its highest annual level since December 1981, as soaring energy and food prices accelerated the spike in the consumer price index to 8.6 percent last…

Saudi Arabia Cuts Oil Volumes To China For July

Jun 10, 2022 at 09:21 | Tsvetana Paraskova

Saudi Arabia will ship lower-than-nominated crude oil volumes to some of its Chinese buyers in July, but will provide most other Asian customers with all the crude they have requested,…

OPEC+ Fails To Meet Output Target Once Again

Jun 10, 2022 at 08:56 | Irina Slav

OPEC+ once again fell short of its oil production targets in May on continued production declines in many OPEC members, a survey by S&P Platts found, as cited by…

Shrinking Spare Capacity Will Only Send Oil Prices Higher

Jun 09, 2022 at 11:49 | Irina Slav

When OPEC+ agreed to boost its monthly production growth target from 432,000 bpd to 648,000 bpd last week, many politicians in Europe and the White House across the…

The Future Is Bright For U.S. Natural Gas Producers

Jun 09, 2022 at 11:24 | Tsvetana Paraskova

As global demand for non-Russian natural gas is soaring after Russia's invasion of Ukraine, the short to medium-term prospects for U.S. liquefied natural gas (LNG) developers and exporters…

Oil Slips As Lockdowns Return To Parts Of Shanghai

Jun 09, 2022 at 11:09 | Tsvetana Paraskova

Oil prices inched lower early on Thursday in jittery trade as parts of Shanghai returned to COVID lockdowns just a week after reopening, overshadowing another drop in U.S. gasoline inventories…

It’s Time For Africa To Harness Its Natural Gas Potential

Jun 09, 2022 at 10:50 | Felicity Bradstock

The International Energy Agency (IEA) and other regional bodies have repeatedly stated the importance of natural gas in supporting a transition away from fossil fuels to renewable alternatives.…

The U.S. Solar Boom Is Back On Track

Jun 09, 2022 at 10:50 | Felicity Bradstock

The solar energy industry in the U.S. has grown rapidly over the last decade, second only to wind power. But supply chain issues, made worse by the tariffs…

Russia Adds $9.4 Billion Of Oil Revenue To Its Rainy-Day Fund

Jun 09, 2022 at 10:45 | Tsvetana Paraskova

Russia said on Thursday it had added the equivalent of $9.4 billion to its government emergency reserve fund, with the money coming from extra oil and gas revenues the…

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