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Breaking News:

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The G7 Has Paved The Way For Increased Oil And Gas Spending

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News

Russia Looks To Lure Asian Buyers With Higher Quality Crude

Russia Looks To Lure Asian Buyers With Higher Quality Crude

Jun 27, 2022 at 11:15 | Michael Kern

Russia has improved the quality of its flagship Urals crude grade in the past two months, making it lighter and sweeter, and even more attractive for buyers in…

Libya May Declare Force Majeure On Oil Exports From Several Ports

Libya May Declare Force Majeure On Oil Exports From Several Ports

Jun 27, 2022 at 11:12 | Tsvetana Paraskova

Libya’s National Oil Corporation (NOC) could declare force majeure on oil exports from several key export terminals in the Gulf of Sirte amid continued blockades and closures of oil-producing and…

The Steel Market Is In Chaos As Demand Uncertainty Grows

The Steel Market Is In Chaos As Demand Uncertainty Grows

Jun 27, 2022 at 10:49 | Ag Metal Miner

Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some…

A Bidding War Has Begun In The UK’s Struggling Energy Sector

A Bidding War Has Begun In The UK’s Struggling Energy Sector

Jun 27, 2022 at 10:46 | City A.M

The bidding process for the UK’s seventh biggest energy firm has narrowed down to two suppliers, amid reports British Gas owner Centrica has opted against a final offer…

Germany, Italy Voice Support For More Fossil Fuel Investments Abroad

Germany, Italy Voice Support For More Fossil Fuel Investments Abroad

Jun 27, 2022 at 10:31 | Irina Slav

In a marked departure from the official G7 position on new fossil fuel investments in third countries, Germany and Italy have voiced support for a reconsideration of this position. Bloomberg…

French Energy Companies Ask Customers To Use Less Gas

French Energy Companies Ask Customers To Use Less Gas

Jun 27, 2022 at 08:59 | Irina Slav

In a rare joint letter, the heads of France's three largest energy companies have urged the French to use less energy in anticipation of even worse supply. "We need to…

Ecuador Could Completely Stop Pumping Oil Within 48 Hours

Ecuador Could Completely Stop Pumping Oil Within 48 Hours

Jun 27, 2022 at 08:37 | Charles Kennedy

Ecuador could be forced to suspend all oil production within 48 hours as anti-government protests in the country intensify, the Ecuadorian energy ministry warned. The production suspension was to be…

New Regulations In Permian Could Deter Drilling

New Regulations In Permian Could Deter Drilling

Jun 24, 2022 at 16:47 | Julianne Geiger

The EPA is considering a new label for parts of the Permian Basin that could deter or slow oil and gas drilling in certain parts of the prolific Permian Basin.…

Nigeria Says It Will Be Meeting OPEC+ Quota By August

Nigeria Says It Will Be Meeting OPEC+ Quota By August

Jun 24, 2022 at 16:39 | Julianne Geiger

Nigeria's oil minister said on Friday that the country would be able to meet its OPEC production quota by the end of August as the country aims to boost security…

45% Of UK Drivers Cut Vehicle Journeys As Gasoline Prices Surge

45% Of UK Drivers Cut Vehicle Journeys As Gasoline Prices Surge

Jun 24, 2022 at 16:29 | Tsvetana Paraskova

A total of 45 percent of UK adults have cut back on non-essential journeys in a vehicle amid soaring fuel prices, the Office for National Statistics (ONS) said in its…

Exxon Calls For Higher Carbon Pricing

Exxon Calls For Higher Carbon Pricing

Jun 24, 2022 at 16:23 | Tsvetana Paraskova

ExxonMobil would like to see the tax credit for carbon capture and storage increased to $100 per ton from the current $50 per ton, as a means to incentivize carbon…

Germany Considers Expropriating Nord Stream 2 For LNG Flows

Germany Considers Expropriating Nord Stream 2 For LNG Flows

Jun 24, 2022 at 11:08 | Tsvetana Paraskova

Germany is considering expropriating the German section of the Russia-led Nord Stream 2 gas pipeline project, cutting it off from the rest of the pipeline, and using the part…

India's Russian Oil Imports Soar 50-Fold

India's Russian Oil Imports Soar 50-Fold

Jun 24, 2022 at 10:48 | Irina Slav

India's intake of Russian crude oil has soared 50-fold since April and, to date, makes up a tenth of the subcontinent's imported oil, the Economic Times reported today, citing…

Centrica Turns To Former Soldiers In Push Towards Net-Zero Ambitions

Centrica Turns To Former Soldiers In Push Towards Net-Zero Ambitions

Jun 24, 2022 at 09:58 | City A.M

Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition to Net Zero. …

Granholm Meeting With Oil Refiners Ends With No Commitments

Granholm Meeting With Oil Refiners Ends With No Commitments

Jun 24, 2022 at 08:55 | Irina Slav

An emergency meeting between Energy Secretary Jennifer Granholm and representatives of the oil industry ended with no firm commitments from either side, although the Energy Secretary signaled that the plan…

Germany Risks Industrial Crash With Gas Shortage

Germany Risks Industrial Crash With Gas Shortage

Jun 24, 2022 at 08:42 | Irina Slav

Germany is facing an industrial crisis with many companies likely to end on the chopping block if Russian gas deliveries remain as low as they are now, Economy Minister Robert…

August OPEC+ Plans Will Likely Be Rubberstamped

August OPEC+ Plans Will Likely Be Rubberstamped

Jun 24, 2022 at 04:20 | Julianne Geiger

OPEC+ is largely expected to rubber-stamp next week its decision to boost production in August by 648,000 bpd, five Reuters sources said on Thursday. Of course, that’s what sources said…

New EV Battery Boasts 1,000km Range

New EV Battery Boasts 1,000km Range

Jun 24, 2022 at 04:11 | Julianne Geiger

A new battery from Contemporary Amperex Technology Co Ltd promises to resolve one of the chief complaints that drivers have with electric vehicles: battery range. The next-generation Qilin battery—named after…

Gunvor Can Deliver 13 Million Gallons Of Gasoline To U.S., But There's Catch

Gunvor Can Deliver 13 Million Gallons Of Gasoline To U.S., But There's Catch

Jun 23, 2022 at 14:27 | Julianne Geiger

Commodity trading giant Gunvor wants to deliver 13 million gallons of gasoline to the United States, but there’s a catch: they need a Jones Act waiver to do it, Reuters…

Dallas Fed: Surging Costs Hamper U.S. Shale Growth

Dallas Fed: Surging Costs Hamper U.S. Shale Growth

Jun 23, 2022 at 14:24 | Tsvetana Paraskova

The business activity index in the energy firms operating in Texas, northern Louisiana, and southern New Mexico jumped in the second quarter to the highest level in six years, but…

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