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How Iraq Continues To Trick Washington

How Iraq Continues To Trick Washington

The U.S. government has multiple…

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Arabia’s oil giant, in…

News

China Snaps up Emergency Arctic LNG Cargo

China Snaps up Emergency Arctic LNG Cargo

Nov 03, 2021 at 11:17 | Charles Kennedy

China has recently imported a cargo of liquefied natural gas (LNG) from Russia via the so-called Northern Sea Route as an emergency shipment of gas amid the energy shortage in…

Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch

Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch

Nov 03, 2021 at 11:14 | Tsvetana Paraskova

The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come too late to ease the…

Is Ukraine Running Out Of Energy?

Is Ukraine Running Out Of Energy?

Nov 03, 2021 at 11:13 | ZeroHedge

Over the past months, Ukrainian politicians have been persistently throwing red meat to Moscow through acts of aggression against the Nord Stream-2 pipeline, the recent escalation of the…

Heat Or Eat: UK Households Brace For A Difficult Winter

Heat Or Eat: UK Households Brace For A Difficult Winter

Nov 03, 2021 at 11:02 | City A.M

More than three million UK households are facing a troubled winter in debt to their energy supplier – half a million more than last year – according to…

The World’s Largest Oil Hedge Is More Secretive Than Ever

The World’s Largest Oil Hedge Is More Secretive Than Ever

Nov 03, 2021 at 10:57 | Irina Slav

Mexico has started hedging its 2022 oil production in the world’s most notorious and largest oil hedge, Bloomberg has reported, citing unnamed sources in the know. The source told Bloomberg…

Iran Claims It Thwarted U.S. Attempt To

Iran Claims It Thwarted U.S. Attempt To "Confiscate" Oil Tanker

Nov 03, 2021 at 10:02 | Charles Kennedy

The Navy of Iran's Islamic Revolution Guards Corps (IRGC) has prevented an attempt by the U.S. to seize an Iranian tanker in the Sea of Oman and "confiscate" its oil,…

Canada To Stop Exporting Thermal Coal By 2030

Canada To Stop Exporting Thermal Coal By 2030

Nov 03, 2021 at 09:33 | Charles Kennedy

Canada will ban thermal coal exports by 2030, Prime Minister Justin Trudeau said at the COP26 climate summit in Glasgow. The ban is part of the efforts to put…

Sixth Straight Crude Inventory Build Tempers Prices

Sixth Straight Crude Inventory Build Tempers Prices

Nov 02, 2021 at 15:52 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported its sixth straight week of crude oil inventory builds. This week, the API estimated the inventory build for crude oil to be…

Russia: OPEC+ May Not Need To Boost Supply More Than Planned

Russia: OPEC+ May Not Need To Boost Supply More Than Planned

Nov 02, 2021 at 15:29 | Tsvetana Paraskova

It should not be taken for granted that the OPEC+ alliance needs to raise its monthly oil production more than currently planned, Kremlin spokesman Dmitry Peskov said on Tuesday, commenting…

Tesla Wipes Out Billions Of Dollars Of Value After Musk Downplays Hertz Deal

Tesla Wipes Out Billions Of Dollars Of Value After Musk Downplays Hertz Deal

Nov 02, 2021 at 14:29 | Charles Kennedy

Tesla's (NASDAQ: TSLA) share price slipped on Tuesday after Elon Musk said late on Monday that the EV manufacturer hadn't yet signed a contract with Hertz for the single…

BP Expands Share Buybacks As Oil Price Rally Boosts Profit

BP Expands Share Buybacks As Oil Price Rally Boosts Profit

Nov 02, 2021 at 12:47 | Tsvetana Paraskova

BP (NYSE: BP) reported on Tuesday profits above analyst expectations and committed to additional share repurchases by early 2022 as the rally in oil and gas prices raised cash…

Russia Boosted Oil Production In October

Russia Boosted Oil Production In October

Nov 02, 2021 at 10:37 | Tsvetana Paraskova

Russia saw its crude oil and condensate production rise in October for a second consecutive month as it increased output under the OPEC+ agreement to ease the collective production cuts.…

Wyoming To Offer 179,000 Acres In 2022 Oil Lease Sale

Wyoming To Offer 179,000 Acres In 2022 Oil Lease Sale

Nov 02, 2021 at 10:26 | Charles Kennedy

The Bureau of Land Management’s state office in Wyoming will offer some 179,000 acres across 195 parcels in an oil and gas lease sale in the first quarter of…

Bank Of America Sees $120 Oil By June 2022

Bank Of America Sees $120 Oil By June 2022

Nov 01, 2021 at 17:05 | Julianne Geiger

The Brent crude benchmark will hit $120 per barrel by the end of June 2022, Bank of America said in a research note this week, cited by Bloomberg. The catalyst…

Record Coal Prices Stall BHP’s Thermal Coal Exit

Record Coal Prices Stall BHP’s Thermal Coal Exit

Nov 01, 2021 at 15:15 | Charles Kennedy

BHP, the world’s largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch, sources with knowledge…

Iran Says It Foiled Pirate Attack On Oil Tanker Off Yemen’s Coast 

Iran Says It Foiled Pirate Attack On Oil Tanker Off Yemen’s Coast 

Nov 01, 2021 at 14:41 | Charles Kennedy

Iran’s Navy thwarted on Monday an attempted pirate attack on an Iranian oil tanker in the Gulf of Aden south of Yemen, before the vessel entered the Bab el Mandeb…

Surging Coal Prices Push Top Chinese Power Producers To Losses

Surging Coal Prices Push Top Chinese Power Producers To Losses

Nov 01, 2021 at 12:12 | Tsvetana Paraskova

The three largest power producers in China, which account for 44 percent of total generation capacity in the country, swung to losses in the third quarter of 2021 amid soaring…

Iraq Set To Sign Crucial Energy Deals With Saudi Arabia

Iraq Set To Sign Crucial Energy Deals With Saudi Arabia

Nov 01, 2021 at 11:03 | Tsvetana Paraskova

Iraq is in discussions to sign energy deals with Saudi Arabia worth tens of billions of U.S. dollars, according to Iraq’s oil minister. OPEC’s second-largest producer, Iraq, and OPEC’s top…

Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices

Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices

Nov 01, 2021 at 10:12 | Irina Slav

Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020…

Exxon To Resume Share Buybacks After Surge In Q3 Earnings

Exxon To Resume Share Buybacks After Surge In Q3 Earnings

Oct 29, 2021 at 13:54 | Tsvetana Paraskova

ExxonMobil (NYSE: XOM) will start next year share repurchases of up to $10 billion after its quarterly profit surged to multi-year highs on the back of improved global energy…

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