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IEA: Energy Crisis Threatens Economic Recovery

IEA: Energy Crisis Threatens Economic Recovery

The energy crisis that has…

OPEC Cuts 2021 Oil Demand Forecast

OPEC Cuts 2021 Oil Demand Forecast

In this month’s report, OPEC…

News

India’s Coal Crisis Worsens As Top Coal Miner Halts Supply To Industrial Users

India’s Coal Crisis Worsens As Top Coal Miner Halts Supply To Industrial Users

Oct 14, 2021 at 17:33 | Tsvetana Paraskova

The largest coal miner in the world, Coal India, has temporarily suspended supply to several industrial consumers in India as it prioritizes shipments to the coal power plants which provide…

Gas-Rich Israel Can’t Save Europe From Energy Crisis

Gas-Rich Israel Can’t Save Europe From Energy Crisis

Oct 14, 2021 at 15:36 | Charles Kennedy

Israel cannot come to the rescue of Europe’s gas and energy supply crunch as it is unlikely to raise the level of its natural gas exports, a senior Israeli official…

Can Iran And Azerbaijan Finally Patch Up Old Wounds?

Can Iran And Azerbaijan Finally Patch Up Old Wounds?

Oct 14, 2021 at 14:58 | RFE/RL staff

Azerbaijan and Iran have agreed to resolve their diplomatic crisis through dialogue amid tensions that erupted last month over exercises near their shared border and a dispute over…

Finland Wants EU To Give Nuclear Power

Finland Wants EU To Give Nuclear Power "Sustainable" Status

Oct 14, 2021 at 12:26 | ZeroHedge

It looks as though Finland is starting to come back around to the idea of nuclear power - and that they plan on taking their advocacy for very-low emission energy…

Presidential Candidate Promises To Dismantle France’s Wind Industry

Presidential Candidate Promises To Dismantle France’s Wind Industry

Oct 14, 2021 at 11:25 | Tsvetana Paraskova

Marine Le Pen, the far-right candidate who reached the run-off vote against Emmanuel Macron in 2017, is running for president of France again and said she would stop all wind…

Algeria Set To Cut Gas, Electricity Subsidies

Algeria Set To Cut Gas, Electricity Subsidies

Oct 14, 2021 at 10:28 | Charles Kennedy

OPEC member Algeria plans to reduce subsidies for electricity and domestic gas next year in order to cut government spending and strengthen its economy. The OPEC producer, which pumps just…

U.S. Announces Lease Sales for Massive Offshore Wind Expansion

U.S. Announces Lease Sales for Massive Offshore Wind Expansion

Oct 14, 2021 at 09:08 | Charles Kennedy

The U.S. Interior Department plans to hold up to seven lease sales for offshore wind as part of efforts to boost the country’s wind power capacity to 30 GW by…

Large Crude Build Pushes Down Oil Prices

Large Crude Build Pushes Down Oil Prices

Oct 13, 2021 at 15:38 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds. This time, the build is extra large, at 5.213 million barrels for the week ending…

Norway To Continue Developing Oil Industry Under New Government

Norway To Continue Developing Oil Industry Under New Government

Oct 13, 2021 at 12:43 | Tsvetana Paraskova

Western Europe’s largest oil and gas producer, Norway, will continue to develop its oil and gas industry, the incoming minority coalition government said in its platform on Wednesday.    …

Putin: OPEC+ Cooperation Could Expand To Other Areas

Putin: OPEC+ Cooperation Could Expand To Other Areas

Oct 13, 2021 at 12:40 | Tsvetana Paraskova

The success of OPEC+ in stabilizing the oil market after last year's price crash shows that the group has all the chances to expand cooperation and include areas such as…

Israel To Stop Onshore Oil Permits

Israel To Stop Onshore Oil Permits

Oct 13, 2021 at 11:08 | Tsvetana Paraskova

Israel will no longer issue permits for onshore oil exploration, Energy Minister Karine Elharrar said on Wednesday at a committee hearing of the Israeli Parliament, the Jerusalem Post reported.…

Beijing To Allow Free Market Forces To Dictate Coal Power Prices

Beijing To Allow Free Market Forces To Dictate Coal Power Prices

Oct 13, 2021 at 10:31 | ZeroHedge

Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country's power market as shortfalls in power generation have sparked an energy…

China Crude Oil Imports Decline Between January And September

China Crude Oil Imports Decline Between January And September

Oct 13, 2021 at 10:20 | Charles Kennedy

Crude oil imports into China fell by 6.8 percent over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Natural…

Major Mexican Refinery Has Been Shut For Weeks And The Media Only Just Found Out

Major Mexican Refinery Has Been Shut For Weeks And The Media Only Just Found Out

Oct 13, 2021 at 09:01 | Julianne Geiger

One of Mexico’s largest oil refineries has been shuttered for weeks—only we are just now finding out about it. And oil products are now building up at the site. Mexico’s…

EU’s Green Bond Debut Comes Out Swinging

EU’s Green Bond Debut Comes Out Swinging

Oct 12, 2021 at 16:25 | Julianne Geiger

The European Union’s green bond debut was a great hit, drawing record demand, according to Bloomberg. The EU received orders worth 135 billion euros on Tuesday, ultimately selling $13.9 billion…

Russia: Gazprom Uses Inventories To Stabilize Europe's Gas Market

Russia: Gazprom Uses Inventories To Stabilize Europe's Gas Market

Oct 12, 2021 at 14:59 | Tsvetana Paraskova

Russia's gas giant Gazprom has started withdrawing gas from its storage facilities to stabilize the gas market, Russian Deputy Foreign Minister Sergey Ryabkov told a BBC program on Tuesday,…

Middle East Oil Producers Set For $165B Current Account Surpluses

Middle East Oil Producers Set For $165B Current Account Surpluses

Oct 12, 2021 at 14:31 | Tsvetana Paraskova

This year’s oil price rally will help Middle Eastern oil producers book current account surpluses of $165 billion in 2021, compared to current account deficits of $6 billion in 2020,…

France Bets On Nuclear, Hydrogen For Zero-Emission Power

France Bets On Nuclear, Hydrogen For Zero-Emission Power

Oct 12, 2021 at 12:27 | Tsvetana Paraskova

France aims to become a leader in green hydrogen production and reinvent nuclear power by building a small modular reactor by 2030 as part of a wider $34.6 billion (30…

Pakistan Struggles To Find LNG Amid Gas Crisis

Pakistan Struggles To Find LNG Amid Gas Crisis

Oct 12, 2021 at 11:30 | Charles Kennedy

Pakistan is looking to buy liquefied natural gas (LNG) for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas…

New UK Law To Mandate Home EV Chargers To Switch Off During Peak Hours

New UK Law To Mandate Home EV Chargers To Switch Off During Peak Hours

Oct 12, 2021 at 10:32 | ZeroHedge

As EV owners are starting to, unfortunately, learn, electricity to power your "green" vehicles has to come from somewhere. This is a tough dose of reality that many EV owners…

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