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Breaking News:

California Gasoline Prices Are Spiking

News

California Gasoline Prices Are Spiking

California Gasoline Prices Are Spiking

Oct 22, 2021 at 17:18 | Julianne Geiger

The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The…

Polish Gas Firm To Wean Itself Off Russian Gas After 2022

Polish Gas Firm To Wean Itself Off Russian Gas After 2022

Oct 22, 2021 at 17:03 | Charles Kennedy

Polish Oil and Gas Company (PGNiG) doesn’t expect it would be “forced” to buy gas from Russia after its supply deal with Gazprom expires at the end of next year,…

India’s Top Utility Looks To Import Coal As Energy Crisis Continues

India’s Top Utility Looks To Import Coal As Energy Crisis Continues

Oct 22, 2021 at 15:16 | Tsvetana Paraskova

The largest power generating company in India, NTPC Ltd, is looking for bids to import at least one million tons of coal for the first time in two years, Bloomberg…

EU Leaders Split Over Response To Energy Crisis

EU Leaders Split Over Response To Energy Crisis

Oct 22, 2021 at 14:14 | Tsvetana Paraskova

The leaders of the 27 European Union member states debated for hours measures to address the current energy crisis during the first day of their summit on Thursday, opting for…

China Vows Crackdown On Coal Futures Speculation

China Vows Crackdown On Coal Futures Speculation

Oct 22, 2021 at 13:57 | Tsvetana Paraskova

Chinese authorities have signaled they would start looking into the recent price spikes and subsequent plunge in the domestic coal futures market as part of efforts to contain the price…

Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas

Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas

Oct 22, 2021 at 11:34 | Irina Slav

Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports, citing President Vladimir Putin as…

UK’s Newest Gas Projects May Ease Crisis

UK’s Newest Gas Projects May Ease Crisis

Oct 22, 2021 at 10:29 | Julianne Geiger

The U.K’s natural gas production is soon expected to increase, as two new projects come online. Two new projects in the North Sea have recently started to flow gas, according…

Turkey’s Fuel Stations Have to Update Pumps To Double-Digit Gas Price

Turkey’s Fuel Stations Have to Update Pumps To Double-Digit Gas Price

Oct 22, 2021 at 09:24 | Charles Kennedy

Soaring energy prices in resource-poor Turkey and a record dip of the local currency are forcing fuel distributors to consider how to update pumps to quote double-digit gasoline and diesel…

Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

Oct 21, 2021 at 14:38 | ZeroHedge

Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when…

India Looks To Create Strategic Coal And Gas Reserves

India Looks To Create Strategic Coal And Gas Reserves

Oct 21, 2021 at 13:04 | Tsvetana Paraskova

One of the world’s largest energy consumers and importers, India, is weighing the possibility of keeping strategic reserves of imported coal and natural gas in order to fend off future…

LNG Tanker Rates Surge As Global Natural Gas Prices Soar

LNG Tanker Rates Surge As Global Natural Gas Prices Soar

Oct 21, 2021 at 11:28 | Charles Kennedy

Soaring prices and demand for liquefied natural gas (LNG) in Asia have pushed spot LNG freight rates to over $200,000 per day as traders scramble to book vessels to ship…

Doc Leak Reveals Countries Lobby For Milder Climate Commitments

Doc Leak Reveals Countries Lobby For Milder Climate Commitments

Oct 21, 2021 at 10:14 | Charles Kennedy

A massive document leak has revealed efforts by Saudi Arabia, Japan, and Australia, among others, were lobbying the United Nations to downplay the urgency of the energy transition as presented…

Libya Enjoys Windfall From Oil Price Rally

Libya Enjoys Windfall From Oil Price Rally

Oct 21, 2021 at 08:57 | Irina Slav

Libya's National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result…

Baker Hughes Profit Disappoints Amid Cost Inflation, Supply Chain Woes

Baker Hughes Profit Disappoints Amid Cost Inflation, Supply Chain Woes

Oct 20, 2021 at 17:20 | Charles Kennedy

One of the largest oilfield services providers, Baker Hughes (NYSE: BKR), reported on Wednesday adjusted net income and revenues for Q3 below analyst expectations as supply chain constraints and…

Saudis: More Oil From OPEC+ Can’t Solve Global Natural Gas Crisis

Saudis: More Oil From OPEC+ Can’t Solve Global Natural Gas Crisis

Oct 20, 2021 at 15:34 | Tsvetana Paraskova

Even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market, Saudi…

After The Bell: Tesla Expected Booming Revenue For Q3

After The Bell: Tesla Expected Booming Revenue For Q3

Oct 20, 2021 at 14:33 | Julianne Geiger

Chip shortage or not, it looks like Tesla’s Q3 results are going to be quite impressive despite some supply chain issues that are pervasive in the market. Tesla (NASDAQ: TSLA)…

Kazakhstan Is Pulling The Plug On Crypto Miners Amid Power Shortages

Kazakhstan Is Pulling The Plug On Crypto Miners Amid Power Shortages

Oct 20, 2021 at 11:18 | Eurasianet

Kazakhstan’s national grid operator has begun rationing electricity to the country’s biggest consumers, likely targeting cryptocurrency mining farms. Facing a sudden energy shortage, officials must be regretting their…

Is The U.S. National Power Grid Ready For Electric Vehicles?

Is The U.S. National Power Grid Ready For Electric Vehicles?

Oct 20, 2021 at 10:27 | ZeroHedge

While electric vehicles are undoubtedly the future, the question of whether or not our power grid is also ready for the "future" has started to surface. Especially in places like New York.…

Oil Refining Margins Bounce Back To Pre-Crisis Levels

Oil Refining Margins Bounce Back To Pre-Crisis Levels

Oct 20, 2021 at 09:17 | Tsvetana Paraskova

Recovering fuel demand and additional demand for oil products amid record-high coal and natural gas prices have pushed up global oil refining margins to their pre-pandemic levels.   For the…

India's Private, State Refiners To Partner On Oil Imports

India's Private, State Refiners To Partner On Oil Imports

Oct 20, 2021 at 08:57 | Charles Kennedy

India's state-owned and private refiners are set to collaborate on their crude oil imports to secure better contract terms, Reuters has reported, noting that the idea comes from the…

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