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News

Energy Crisis Worsens As Russia Delays Coal Supply

Energy Crisis Worsens As Russia Delays Coal Supply

Feb 23, 2022 at 11:25 | Charles Kennedy

Coal prices are rising again as the Russia-Ukraine crisis has put energy markets on alert and Russian coal producers struggle to get their coal via railways to export terminals due…

Biden Makes Strategic Investment To Counter China's Rare Earth Dominance

Biden Makes Strategic Investment To Counter China's Rare Earth Dominance

Feb 23, 2022 at 10:15 | Irina Slav

The U.S. federal government has allocated $35 million for a company that plans to develop a processing facility for rare earth metals in California. The investment is part of nascent…

Australia Eyes Key Role In Booming Asian LNG Market

Australia Eyes Key Role In Booming Asian LNG Market

Feb 23, 2022 at 08:50 | Charles Kennedy

Australia has ambitious plans for liquefied natural gas exports to Asia, where demand for the superchilled fuel is expected to soar by more than 500% by 2050, as the region…

North Sea Oil And Gas Investment Is Vital For UK Energy Security

North Sea Oil And Gas Investment Is Vital For UK Energy Security

Feb 22, 2022 at 16:13 | Tsvetana Paraskova

There is a future for more domestic UK oil and gas supply, and Britain will continue to grant new licenses for oil and gas development projects in the North Sea,…

Gasoline Prices Set To Soar As Biden Vows To “Defend Freedom”

Gasoline Prices Set To Soar As Biden Vows To “Defend Freedom”

Feb 22, 2022 at 16:08 | Julianne Geiger

U.S. gas prices may keep on rising, President Joe Biden warned on Tuesday, after the American President sanctioned Russian assets. The sanctions, which the United States levied on Russia after…

Bank Of America: The Ukraine Crisis Could Send Oil Prices $20 Higher

Bank Of America: The Ukraine Crisis Could Send Oil Prices $20 Higher

Feb 22, 2022 at 13:02 | Michael Kern

Oil prices could jump by up to another $20 per barrel if the Russia-Ukraine crisis escalates further, according to Bank of America (BofA) Global Research. The latest escalation of…

Soaring Battery Demand And Ukraine Conflict Sends Nickel Prices To Decade High

Soaring Battery Demand And Ukraine Conflict Sends Nickel Prices To Decade High

Feb 22, 2022 at 11:53 | ZeroHedge

Nickel prices soared to the highest level in more than a decade amid skyrocketing demand for electric cars, as the Ukraine crisis added…

Dwindling Inventories Could Send The Prices Of Key Metals Even Higher

Dwindling Inventories Could Send The Prices Of Key Metals Even Higher

Feb 22, 2022 at 11:41 | Metal Miner

While inventory levels serve as an interesting measure for fundamental analysis, that measure remains irrelevant for the short term. But when inventory levels change dramatically and over a…

Ukraine Conflict And Inflation Fears Could Push Gold Prices Above $2,000

Ukraine Conflict And Inflation Fears Could Push Gold Prices Above $2,000

Feb 22, 2022 at 10:56 | City A.M

Gold prices have rebounded this month, with the precious metal glittering in the gloom amid escalating tensions between Russia and the West. The commodity has soared…

The “First Barrage” Of Sanctions Against Russia Has Begun

The “First Barrage” Of Sanctions Against Russia Has Begun

Feb 22, 2022 at 10:24 | RFE/RL staff

Western nations moved forward on new sanctions against Moscow -- including a delay in its prized Nord Stream 2 pipeline -- in reaction to President Vladimir Putin’s move…

Exxon Reaches Deal With Union Workers At Texas Refinery

Exxon Reaches Deal With Union Workers At Texas Refinery

Feb 22, 2022 at 09:27 | Charles Kennedy

Some 600 workers at an Exxon refinery in Texas who were locked out for ten months reached a deal with the company and will be allowed to return to work.…

The World Cannot Afford To Replace Russian Oil

The World Cannot Afford To Replace Russian Oil

Feb 22, 2022 at 09:18 | Tom Kool

The oil market will find it impossible to replace Russia’s oil, which accounts for 10 percent of global supply, Dmitry Marinchenko, senior director for natural resources and commodities at Fitch,…

Germany Halts Nord Stream 2 After Putin Orders Tanks Into Ukraine

Germany Halts Nord Stream 2 After Putin Orders Tanks Into Ukraine

Feb 22, 2022 at 07:35 | Tsvetana Paraskova

Germany has suspended the Russia-led natural gas pipeline project Nord Stream 2 after Russian President Vladimir Putin recognized late on Monday two separatist regions in eastern Ukraine and deployed troops…

Refinery Explosion Threatens To Send Gasoline Prices Soaring

Refinery Explosion Threatens To Send Gasoline Prices Soaring

Feb 21, 2022 at 13:56 | Julianne Geiger

Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion near New Orleans could threaten to send…

Soaring Energy Prices Pose An Existential Threat To German Businesses

Soaring Energy Prices Pose An Existential Threat To German Businesses

Feb 21, 2022 at 13:45 | Tsvetana Paraskova

Nearly one-fourth of Germany’s medium-sized enterprises fear they might not survive the soaring energy prices, a survey by the Federation of German Industries, BDI, showed on Monday. Industries across…

Ukraine Invasion Could Crush Russia’s Nord Stream 2 Ambitions

Ukraine Invasion Could Crush Russia’s Nord Stream 2 Ambitions

Feb 21, 2022 at 13:31 | Michael Kern

The European Union would target Russia-led gas pipeline project Nord Stream 2 if Russian invades Ukraine, as part of an EU package of sanctions being prepared in case of an…

TotalEnergies Announces Major Oil Discovery Offshore Suriname

TotalEnergies Announces Major Oil Discovery Offshore Suriname

Feb 21, 2022 at 12:50 | Tsvetana Paraskova

TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in recent years, the Guyana-Suriname Basin…

Shell Sees LNG Demand Climbing By 90% Over Next 20 Years

Shell Sees LNG Demand Climbing By 90% Over Next 20 Years

Feb 21, 2022 at 12:39 | Tsvetana Paraskova

Global liquefied natural gas demand is set to surge by 90 percent by 2040 compared to 2021 to exceed 700 million tons annually in two decades, as LNG and gas…

Kazakhstan Energy Officials Shut Down 13 Illegal Data Farms In Crypto Crackdown

Kazakhstan Energy Officials Shut Down 13 Illegal Data Farms In Crypto Crackdown

Feb 21, 2022 at 11:20 | Eurasianet

Energy officials in Kazakhstan say they have over the past week uncovered 13 illegal data-mining farms collectively using capacity of more than 200 megawatts. The facilities…

Biden Administration Halts New Oil And Gas Drilling Permits

Biden Administration Halts New Oil And Gas Drilling Permits

Feb 21, 2022 at 11:09 | Tsvetana Paraskova

The Biden Administration has delayed or stopped work on federal oil and gas leases and permits following a court ruling that struck down the Administration’s “social cost of carbon” metric…

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