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Breaking News:

Asian Oil Imports Dropped in April

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Mexico Plots Demise Of Hundreds Of Private Power Plants

Mexico Plots Demise Of Hundreds Of Private Power Plants

Oct 12, 2021 at 08:54 | Julianne Geiger

Mexico’s populist president Manuel Lopez Obrador announced a plan on Monday that would essentially kill hundreds of power plants. Obrador laid out some hefty constitutional reforms on Monday—reforms that would…

Saudi Arabia To Ship Extra Crude Oil To Asia In November

Saudi Arabia To Ship Extra Crude Oil To Asia In November

Oct 11, 2021 at 15:49 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, will ship additional volumes of crude to at least three refiners in Asia in November, sources familiar with the matter told Reuters…

Surging Energy Prices Make Russia A Top Investor Pick

Surging Energy Prices Make Russia A Top Investor Pick

Oct 11, 2021 at 15:29 | Charles Kennedy

Russian equities and its currency are winning the race for attracting investors in emerging markets after the Evergrande debacle in China, as soaring energy prices are raising the bullish prospects…

UK Government Needs To Do More To Combat Energy Crisis: Industry Leaders

UK Government Needs To Do More To Combat Energy Crisis: Industry Leaders

Oct 11, 2021 at 14:38 | City A.M

Heavy industry bosses in the UK have been piling pressure on the government to provide emergency cash to manufacturers struggling to cope with surging energy costs.

Russia And Ukraine Return To Court Over Black Sea Ship Seizures

Russia And Ukraine Return To Court Over Black Sea Ship Seizures

Oct 11, 2021 at 13:08 | RFE/RL staff

Oral arguments begin in the international Permanent Court of Arbitration in The Hague on October 11 in the latest round of a long-running dispute over…

California Looks To Ban Gas-Powered Lawnmowers

California Looks To Ban Gas-Powered Lawnmowers

Oct 11, 2021 at 12:19 | Charles Kennedy

California’s Governor Gavin Newsom signed in the weekend legislation that would ban from 2024 the sale of new gasoline-powered landscape equipment with small off-road engines such as lawnmowers and leaf…

Lebanon Suffers Grid Collapse As Power Plants Run Out Of Fuel

Lebanon Suffers Grid Collapse As Power Plants Run Out Of Fuel

Oct 11, 2021 at 10:29 | Charles Kennedy

The electric grid of Lebanon collapsed this Saturday after two state-owned power plants ran out of fuel. The outage lasted 24 hours but its underlying cause—a chronic shortage of fuel—remains…

EU Weighs Joint Gas Purchases To Avoid Future Supply Shocks

EU Weighs Joint Gas Purchases To Avoid Future Supply Shocks

Oct 11, 2021 at 09:14 | Charles Kennedy

The European Commission, the EU’s executive branch, is considering joint purchases of gas supplies in order to avert another natural gas crisis, Bloomberg reported on Friday, citing a source…

India Is Not Facing A Coal Shortage

India Is Not Facing A Coal Shortage

Oct 11, 2021 at 09:11 | Irina Slav

India has enough coal to meet demand from the power generation sector, the coal ministry said in a statement this weekend, as quoted by Reuters. The statement comes on…

Nigeria Looks To Boost Oil Production By 310% To 4 Million Bpd

Nigeria Looks To Boost Oil Production By 310% To 4 Million Bpd

Oct 08, 2021 at 13:04 | Charles Kennedy

Nigeria, the largest oil producer and exporter in Africa, hopes that its newly adopted petroleum industry law will help it hike its oil production by 310 percent to 4 million…

Canada Oil Industry Wants Government To Pay For Carbon Capture

Canada Oil Industry Wants Government To Pay For Carbon Capture

Oct 08, 2021 at 11:45 | Irina Slav

The Canadian Association of Petroleum Producers has asked the federal government to provide 75 percent of the funding necessary for building carbon capture capabilities, Reuters has reported, citing a…

China’s Crude Oil Imports Dip In September

China’s Crude Oil Imports Dip In September

Oct 08, 2021 at 10:42 | Tsvetana Paraskova

China’s crude oil imports are estimated to have declined to an average of 9.62 million barrels per day (bpd) in September, down by 8.6 percent from the previous month, data…

Tesla Is Moving Its Headquarters To The Lone Star State

Tesla Is Moving Its Headquarters To The Lone Star State

Oct 08, 2021 at 09:36 | Tsvetana Paraskova

Tesla is moving its headquarters from California to Austin, Texas, Elon Musk said at the 2021 annual meeting of stockholders held virtually in the new Austin Gigafactory. “I’m excited…

World’s Top LNG Exporter Qatar: Gas Prices Have Hit Unhealthy Level

World’s Top LNG Exporter Qatar: Gas Prices Have Hit Unhealthy Level

Oct 08, 2021 at 08:31 | Tsvetana Paraskova

Natural gas prices have reached unhealthy levels for both producers and consumers, Saad al-Kaabi, Qatar’s Energy Minister and CEO of Qatar Petroleum, the world’s top LNG exporter, said on Thursday,…

Overlooked Oil And Gas Stocks Are Making Hedge Funds Major Money

Overlooked Oil And Gas Stocks Are Making Hedge Funds Major Money

Oct 07, 2021 at 16:01 | Charles Kennedy

As institutional investors shun oil and gas stocks because of the environmental, social, and corporate governance (ESG) trend and pressure to align portfolios to a pathway to net-zero,…

Even The World’s Top LNG Exporter Thinks Natural Gas Prices Are Too High

Even The World’s Top LNG Exporter Thinks Natural Gas Prices Are Too High

Oct 07, 2021 at 15:57 | Tsvetana Paraskova

Natural gas prices have reached unhealthy levels for both producers and consumers, Saad al-Kaabi, Qatar’s Energy Minister and CEO of Qatar Petroleum, the world’s top LNG exporter, said on Thursday,…

Moody's Lifts Medium-Term Oil Price Outlook

Moody's Lifts Medium-Term Oil Price Outlook

Oct 07, 2021 at 13:43 | Tsvetana Paraskova

Moody’s Investors Service increased on Thursday its oil price forecast for the medium term to the $50-$70 a barrel range, returning to its outlook from before the pandemic, on…

Will Tajikistan Turn The Taliban’s Power Off?

Will Tajikistan Turn The Taliban’s Power Off?

Oct 07, 2021 at 13:28 | Eurasianet

As anyone in business knows, you don’t get to choose your customers. So Tajikistan is in a curious position: It is vehemently opposed

The Spoils Of War: How Azerbaijan Took Control Of 30 Hydropower Plants

The Spoils Of War: How Azerbaijan Took Control Of 30 Hydropower Plants

Oct 07, 2021 at 13:22 | Eurasianet

Before last year, energy was one of the bright spots in Nagorno-Karabakh’s economy. The de facto authorities had built a network of small hydropower plants to supplement a…

Can Southeast Asia Prevent Future Microchip Shortages?

Can Southeast Asia Prevent Future Microchip Shortages?

Oct 07, 2021 at 12:33 | Oxford Business Group

Initially sparked by supply chain disruptions associated with the Covid-19 pandemic, a worldwide shortage of microchips has intensified in recent months, largely due to a new round of…

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