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News

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…

Auto Sales Are Drying Up As Semiconductor Shortage Worsens

Auto Sales Are Drying Up As Semiconductor Shortage Worsens

Oct 07, 2021 at 12:20 | Metal Miner

The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3.

Workers Wanted: Miners Offered $100k Per Year As Coal Prices Soar

Workers Wanted: Miners Offered $100k Per Year As Coal Prices Soar

Oct 07, 2021 at 11:17 | ZeroHedge

Coal supply shortages in Asia and Europe are pushing prices for the dirtiest fossil fuel to record highs and have become a challenge for US suppliers due to a shortage…

Gazprom On Track To Fill Russian Gas Storage By End-October

Gazprom On Track To Fill Russian Gas Storage By End-October

Oct 07, 2021 at 10:59 | Tsvetana Paraskova

Gazprom is on track to have filled Russia’s underground gas storage by the end of this month, a senior executive said on Thursday, which could potentially mean that the…

Japan Restarts Nuclear Power Plants To Slash Emissions

Japan Restarts Nuclear Power Plants To Slash Emissions

Oct 07, 2021 at 10:28 | City A.M

Japan is set to fire up its nuclear power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new…

Global Food Prices Are Soaring Amid Energy Crunch

Global Food Prices Are Soaring Amid Energy Crunch

Oct 07, 2021 at 09:15 | Irina Slav

Rising energy costs have added to the supply chain disruption and crop failures to worsen an already dire situation with global food prices, Bloomberg has reported, citing data from…

Energy-Starved China Forced To Accept Australian Coal

Energy-Starved China Forced To Accept Australian Coal

Oct 06, 2021 at 16:04 | Charles Kennedy

China is so desperate for coal amid a power crunch threatening its economic growth that it has released Australian coal that has been sitting in bonded storage not cleared by…

U.S. Energy Sector Is Vulnerable To Ransomware Attacks

U.S. Energy Sector Is Vulnerable To Ransomware Attacks

Oct 06, 2021 at 15:28 | Charles Kennedy

A quarter of the 150 top U.S. energy companies are highly susceptible to a ransomware attack, while a massive 77 percent of those have at least one leaked credential within…

India Is Facing A Serious Coal Crisis

India Is Facing A Serious Coal Crisis

Oct 06, 2021 at 13:34 | Metal Miner

You do not have to look too hard to find failures of state-run economies around the world. Since the collapse of the Soviet Union, there is less enchantment…

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