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Stock Market Crash Puts The Brakes On Oil Rally

Stock Market Crash Puts The Brakes On Oil Rally

Monday’s stock market crash appeared…

Why Biden Can’t Put A Cap On Oil Prices

Why Biden Can’t Put A Cap On Oil Prices

Oil prices have risen to…

News

Citi Wants Its Oil & Gas Borrowers To Drastically Cut Emissions

Citi Wants Its Oil & Gas Borrowers To Drastically Cut Emissions

Jan 20, 2022 at 10:44 | Tsvetana Paraskova

Citigroup has set a rare target for the banking industry—one of “absolute emission reductions” in its energy funding portfolio in its new approach to financing fossil fuels. Citigroup, which has…

Market Shrugs Off Biden's Readiness To Tackle Oil Price Rally

Market Shrugs Off Biden's Readiness To Tackle Oil Price Rally

Jan 20, 2022 at 09:30 | Irina Slav

Crude oil prices dipped this week after the White House said there were still tools on the table to address the rising prices of the commodity but quickly regained…

Oil Slips After API Reports Third Gasoline Build In A Row

Oil Slips After API Reports Third Gasoline Build In A Row

Jan 19, 2022 at 15:43 | Julianne Geiger

Operating on a one-day delay due to the U.S. holiday, the American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 1.404 million barrels after…

UAE Says Climate Talks Should Include Input From Oil & Gas Sector

UAE Says Climate Talks Should Include Input From Oil & Gas Sector

Jan 19, 2022 at 13:43 | Tsvetana Paraskova

The COP28 climate summit slated to be held in Abu Dhabi in 2023 should include input from experts and professionals from the oil and gas industry because the world cannot…

Gas Prices Dip As Europe Sees An Influx Of LNG Deliveries

Gas Prices Dip As Europe Sees An Influx Of LNG Deliveries

Jan 19, 2022 at 12:02 | City A.M

Gas prices have slumped despite seemingly favorable geopolitical trends such as increased tensions between Russia and Ukraine, delays in the Nord Stream 2 pipeline, and eastward flows on…

Iraq-Turkey Pipeline Resumes Oil Flows After Explosion

Iraq-Turkey Pipeline Resumes Oil Flows After Explosion

Jan 19, 2022 at 12:02 | Charles Kennedy

The 450,000-barrels-per-day Kirkuk-Ceyhan pipeline that carries crude from northern Iraq to Turkey’s Ceyhan port for export resumed oil flows on Wednesday after an explosion and a fire interrupted operations on…

Regulator Wants EU Ban On Energy-Sucking Crypto Mining

Regulator Wants EU Ban On Energy-Sucking Crypto Mining

Jan 19, 2022 at 10:30 | Charles Kennedy

The European Union should consider banning the more energy-intensive method of cryptocurrency mining, as using a lot of energy undermines the bloc’s climate goals, the vice-chair of the European Securities…

ERCOT: Texas Is Ready For The Winter

ERCOT: Texas Is Ready For The Winter

Jan 19, 2022 at 09:15 | Charles Kennedy

Texas is now ready for the winter, the state's Electric Reliability Council, ERCOT, reported to the Public Utilities Commission. Per a report by the Houston Chronicle, ERCOT has inspected…

China Sees 2022 As Crucial For Its EV Industry

China Sees 2022 As Crucial For Its EV Industry

Jan 18, 2022 at 15:17 | Charles Kennedy

China considers this year as the crucial year for its new-energy vehicles industry to "go global," according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of…

Most U.S. States See Nuclear Power As Part Of Green Transition

Most U.S. States See Nuclear Power As Part Of Green Transition

Jan 18, 2022 at 13:53 | Charles Kennedy

The majority of U.S. states and the District of Columbia see a future for nuclear power in their respective energy policies for a transition away from fossil fuels, a survey…

Russia To Struggle With Oil Production Increase Under OPEC+ Deal

Russia To Struggle With Oil Production Increase Under OPEC+ Deal

Jan 18, 2022 at 12:49 | Tsvetana Paraskova

Russia, the leader of the non-OPEC producers in the OPEC+ pact, is unlikely to deliver all the 100,000 bpd monthly increases under the agreement this year, analysts tell Bloomberg,…

OPEC Sees Robust Demand And Well-Supported Oil Market In 2022

OPEC Sees Robust Demand And Well-Supported Oil Market In 2022

Jan 18, 2022 at 11:15 | Tsvetana Paraskova

The effect of the Omicron variant on global oil demand has been weaker than expected a month ago, and the oil market is set to be well-supported throughout 2022 despite…

Poorest UK Households Face Heavy Energy Bill Burden

Poorest UK Households Face Heavy Energy Bill Burden

Jan 18, 2022 at 10:32 | Charles Kennedy

The poorest UK households may end up having to spend a fifth of their income after housing costs on electricity, Bloomberg has reported, citing data from the Joseph Rowntree Foundation,…

Stop Building Coal Plants Now: UN Chief

Stop Building Coal Plants Now: UN Chief

Jan 18, 2022 at 09:28 | Irina Slav

The world should stop building new coal plants and phase out those already in existence, the secretary-general of the United Nations, Antonio Guterres, said at the World Economic Forum in…

Saudi Arabia: It’s U.S. Prerogative To Release Oil From Its SPR

Saudi Arabia: It’s U.S. Prerogative To Release Oil From Its SPR

Jan 17, 2022 at 16:55 | Charles Kennedy

It is the prerogative of the U.S. Administration whether to draw crude oil from its Strategic Petroleum Reserve (SPR), Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Monday,…

Gazprom’s Gas Supply To Europe In January Drops To 2015 Low  

Gazprom’s Gas Supply To Europe In January Drops To 2015 Low  

Jan 17, 2022 at 16:48 | Tsvetana Paraskova

Gazprom’s gas deliveries to Europe dropped by 41.1 percent in the first fifteen days of January compared to the same period last year, the Russian gas giant said on…

Trans Mountain Pipeline Back To Normal Operations After Two-Month Disruption

Trans Mountain Pipeline Back To Normal Operations After Two-Month Disruption

Jan 17, 2022 at 13:53 | Tsvetana Paraskova

The Trans Mountain oil pipeline returned to normal operating pressure during the weekend, following a month and a half of operations at reduced capacity after the infrastructure was shut for…

UK Power Prices Rise To One Month-High On Low Wind Generation

UK Power Prices Rise To One Month-High On Low Wind Generation

Jan 17, 2022 at 10:34 | Tsvetana Paraskova

UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend. The contract for…

Libya Oil Production Rebounds

Libya Oil Production Rebounds

Jan 17, 2022 at 10:19 | Irina Slav

Libya’s crude oil production has rebounded to 1.2 million barrels daily, according to the country’s oil minister, Mohammed Oun. Speaking to Bloomberg, Oun said Libya’s crude oil output was back…

Scotland Doubles Down On Renewable Ambitions With £700 Million Wind Auction

Scotland Doubles Down On Renewable Ambitions With £700 Million Wind Auction

Jan 17, 2022 at 10:18 | City A.M

ScotWind has raised £700m from an auction of seabed plots for a series of offshore wind projects, boosting the country’s net-zero ambitions. Seventeen projects have been…

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