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Oil Markets Baffled As The IEA Calls For More Production

Oil Markets Baffled As The IEA Calls For More Production

After the already notorious publication…

Goldman Sachs Doubles Down On $80 Oil Prediction

Goldman Sachs Doubles Down On $80 Oil Prediction

Goldman Sachs has reiterated its…

News

Bottleneck At Crucial Chinese Port Could Cause Trouble For Oil Shipping

Bottleneck At Crucial Chinese Port Could Cause Trouble For Oil Shipping

Jun 17, 2021 at 13:20 | Charles Kennedy

A major bottleneck at a Chinese port is creating additional disruption to supply chains and global trade, two months after the Suez Canal blockage disrupted global shipping, including oil cargo…

Jeff Bezos-Backed Company To Build Fusion Plant In UK

Jeff Bezos-Backed Company To Build Fusion Plant In UK

Jun 17, 2021 at 10:38 | Irina Slav

Canadian General Fusion, a company backed by Amazon, is set to build a demonstration nuclear fusion reactor in Oxfordshire, the BBC reports, adding the facility will be 70 percent the…

Massive China Hydropower Plant Begins Full Operation

Massive China Hydropower Plant Begins Full Operation

Jun 17, 2021 at 09:36 | Charles Kennedy

The Wudongde hydropower plant on the Yangtze River has begun full operation, Reuters has reported, citing state-owned Chinese media. The 12-generator plant cost close to $19 billion to build and…

Biden Asks Putin How He Would Like Ransomware Attack On Russian Pipelines

Biden Asks Putin How He Would Like Ransomware Attack On Russian Pipelines

Jun 16, 2021 at 16:49 | Julianne Geiger

U.S. President Joe Biden on Wednesday asked Russian President Vladimir Putin how he would feel if someone carried out a ransomware attack on Russian oil pipelines. The question was asked…

India's Fuel Demand Is Recovering   

India's Fuel Demand Is Recovering   

Jun 16, 2021 at 15:54 | Charles Kennedy

India's fuel demand jumped by 13 percent in the first two weeks of June, for a first monthly rise since March, suggesting that the worst of the impact of the…

Banks Want Climate Goals For Lending Money To Commodity Traders

Banks Want Climate Goals For Lending Money To Commodity Traders

Jun 16, 2021 at 12:35 | Tsvetana Paraskova

Environmental, Social, and Governance (ESG) criteria have become top of the agenda for bank loans to commodity traders, as lenders increasingly demand to see climate goals when they consider extending…

Lundin Energy Boasts Carbon Neutral Oil Production

Lundin Energy Boasts Carbon Neutral Oil Production

Jun 16, 2021 at 11:29 | Tom Kool

Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Western Europe’s biggest…

Weak Emission Standards Put $27 Billion EU Battery Investment At Risk

Weak Emission Standards Put $27 Billion EU Battery Investment At Risk

Jun 16, 2021 at 10:37 | MINING.com

An analysis published by the European Federation for Transport and Environment states…

GM To Boost EV Investments By 35% By 2025

GM To Boost EV Investments By 35% By 2025

Jun 16, 2021 at 09:30 | Irina Slav

GM plans to increase investments in electric vehicles by 35 percent from earlier plans over the next five years to $35 billion as the company eyes one of…

Oil Prices Climb On Huge Inventory Draw

Oil Prices Climb On Huge Inventory Draw

Jun 15, 2021 at 15:46 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.537-million barrels for the week ending June 11. Analysts had predicted a much smaller draw…

The Secret To Securing Conflict-Free Metals

The Secret To Securing Conflict-Free Metals

Jun 15, 2021 at 14:32 | MINING.com

Following a presentation at the G7 Summit Fringe in Cornwall, Fieldfisher released a new guide titled “Supplying responsibly: Towards a clean metals supply chain

Ohio Considers Joining Growing Coalition To Protect Natural Gas

Ohio Considers Joining Growing Coalition To Protect Natural Gas

Jun 15, 2021 at 14:27 | Charles Kennedy

Ohio may soon join a dozen U.S. states to have enacted legislation to preemptively block cities and counties from banning natural gas as a source of heating or cooking in…

OPEC+ Alliance Has Been Key In Oil Market Recovery

OPEC+ Alliance Has Been Key In Oil Market Recovery

Jun 15, 2021 at 14:20 | Tsvetana Paraskova

The OPEC+ alliance has taken decisive actions to help reduce oil market volatility, OPEC Secretary-General Mohammad Barkindo said on Tuesday at the opening of the meeting of OPEC’s economic…

Volkswagen CEO Slams G7 Over Slow Coal Phase Out

Volkswagen CEO Slams G7 Over Slow Coal Phase Out

Jun 15, 2021 at 11:13 | MINING.com

Volkswagen’s VLKAY chief executive has taken aim at leaders of the Group of Seven (G7) for failing to set a firm date to phase out coal power…

$100 Oil Is Now A Distinct Possibility

$100 Oil Is Now A Distinct Possibility

Jun 15, 2021 at 11:02 | Tsvetana Paraskova

Although oil may not be headed to a new supercycle, prices still have room to rise from current levels because of a strong demand rebound and expected tightness in supply,…

Chinese Gasoline Demand Is Driving Oil Prices Higher

Chinese Gasoline Demand Is Driving Oil Prices Higher

Jun 15, 2021 at 09:33 | Irina Slav

It was strong demand for gasoline in China that drove the country’s crude oil demand higher, Bloomberg has reported, citing estimates from CNPC and Sinopec along with analysts. Gasoline…

Are U.S. Refiners Ramping Up Fuel Production Too Early?

Are U.S. Refiners Ramping Up Fuel Production Too Early?

Jun 15, 2021 at 09:06 | Irina Slav

Refiners in the United States may be boosting fuel production too early, Bloomberg has reported, citing the latest data on refinery runs and utilization rates. Refinery runs in the…

LNG Emissions Are On The Rise In Africa

LNG Emissions Are On The Rise In Africa

Jun 15, 2021 at 09:00 | Michael Kern

The biggest oil and gas corporations must do more to reduce their emissions from assets in Africa, with moves to address gas flaring and to cut emissions from planned and…

U.S. Shale Oil Production Set To Grow By 38,000 Bpd Next Month

U.S. Shale Oil Production Set To Grow By 38,000 Bpd Next Month

Jun 14, 2021 at 17:59 | Julianne Geiger

United States shale output from the seven most prolific shale basins is set to grow by 38,000 bpd, the U.S. Energy Information Administration said on Monday. Crude oil production from…

Texas Faces Another Power Crisis Amid Heat Wave

Texas Faces Another Power Crisis Amid Heat Wave

Jun 14, 2021 at 17:55 | Julianne Geiger

The Electric Reliability Council of Texas (ERCOT) has asked Texans to reduce power consumption through Friday of this week, according to an ERCOT press release issued on Monday. ERCOT…

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