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News

Libya’s No.1 Oil Man Sanalla Returns To Post After Suspension

Libya’s No.1 Oil Man Sanalla Returns To Post After Suspension

Sep 20, 2021 at 10:16 | Charles Kennedy

Libya’s Prime Minister has revoked a decision by the oil ministry to remove the chairman of the National Oil Corporation, Mustafa Sanalla, from his post. The Libyan oil ministry

Gas Crunch Threatens UK Energy Industry With Wave Of Bankruptcies

Gas Crunch Threatens UK Energy Industry With Wave Of Bankruptcies

Sep 20, 2021 at 09:32 | Irina Slav

The UK energy industry is facing a wave of bankruptcies amid a gas supply crunch that has sent electricity prices soaring, leaving suppliers vulnerable. Since the start of the year,…

China’s Gas Consumption Growth Potential “Stunning”

China’s Gas Consumption Growth Potential “Stunning”

Sep 17, 2021 at 17:29 | Julianne Geiger

China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to TASS. Gazprom’s CEO Alexey Miller…

EU Lawmakers Want Gazprom Investigated For Alleged Gas Market Manipulation

EU Lawmakers Want Gazprom Investigated For Alleged Gas Market Manipulation

Sep 17, 2021 at 17:01 | Tsvetana Paraskova

More than 40 members of the European Parliament from all political groups are urging the European Commission to launch an investigation into Russian gas giant Gazprom over alleged market manipulation…

UK Gas Price Surge Forces Key Industrial Sites To Close

UK Gas Price Surge Forces Key Industrial Sites To Close

Sep 17, 2021 at 13:02 | City A.M

Two industrial sites that produce a combined 40 percent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices. The…

U.S. Crude And Fuel Stocks Fall Below 2018 Levels

U.S. Crude And Fuel Stocks Fall Below 2018 Levels

Sep 17, 2021 at 11:58 | Tsvetana Paraskova

U.S. inventories of crude oil and the most used refined oil products have now fallen to below the 2018 levels, energy research service HFI Research has pointed out. U.S.…

Democrats Want Mandate To Stop Banks From Funding Oil & Gas After 2030

Democrats Want Mandate To Stop Banks From Funding Oil & Gas After 2030

Sep 17, 2021 at 11:53 | Charles Kennedy

Several progressive House Democrats introduced this week a bill seeking to mandate the Fed to ban banks from funding all fossil fuel projects after 2030, and require the systemically…

Biden Administration Launches Probe Into Soaring Gasoline Prices

Biden Administration Launches Probe Into Soaring Gasoline Prices

Sep 17, 2021 at 09:18 | Charles Kennedy

The Biden administration is looking into prices at the pump and why they are higher than they are supposed to be. “There’s lots of evidence that gas prices should be…

28 Percent Of Gulf Of Mexico Oil Production Still Offline Following Ida

28 Percent Of Gulf Of Mexico Oil Production Still Offline Following Ida

Sep 16, 2021 at 16:14 | Julianne Geiger

Crude oil production in the United States had fallen sharply over the last two weeks in the wake of Hurricane Ida, but production for the next reporting period…

Libya Oil Exports Return To Normal Following Major Protests

Libya Oil Exports Return To Normal Following Major Protests

Sep 16, 2021 at 12:20 | Tsvetana Paraskova

Crude export operations have returned to normal at two major Libyan oil ports after days of protests and sit-ins that had disrupted loadings, the National Oil Corporation (NOC) said…

Methane Plumes Spotted Near Massive Gas Fields In Central Asia

Methane Plumes Spotted Near Massive Gas Fields In Central Asia

Sep 16, 2021 at 09:55 | Charles Kennedy

Geo-analytics company Kayrros has recently detected by satellite methane plumes near natural gas producing fields in Turkmenistan in central Asia and associated pipelines shipping gas to China and Russia, Bloomberg…

Los Angeles County Bans Oil And Gas Drilling

Los Angeles County Bans Oil And Gas Drilling

Sep 16, 2021 at 09:16 | Charles Kennedy

In a unanimous vote, Los Angeles County backed a ban on oil and gas drilling, which means some 1,600 active and inactive wells would be shut down, the AP

Africa’s Largest Bank Stops Funding New Coal Plants

Africa’s Largest Bank Stops Funding New Coal Plants

Sep 15, 2021 at 15:29 | Tsvetana Paraskova

The largest bank in Africa by market capitalization, FirstRand Limited, will no longer finance new coal-fired power plants, the lender said on Wednesday in its updated energy and fossil…

Spain’s Government Announces Tax Cuts To Battle Record Power Prices

Spain’s Government Announces Tax Cuts To Battle Record Power Prices

Sep 15, 2021 at 14:41 | ZeroHedge

Spain's Socialist-led government announced temporary tax cuts on power prices in an attempt to drive down household electricity costs, which have surged this summer and triggered outrage among…

Tullow Oil Finally Profitable After Brutal 2020

Tullow Oil Finally Profitable After Brutal 2020

Sep 15, 2021 at 13:00 | City A.M

Tullow Oil today swung back into profit for the first half of the year and upped its production targets as it looked to get back on a surer…

Two More UK Energy Firms Go Bust Amid Record Power Prices

Two More UK Energy Firms Go Bust Amid Record Power Prices

Sep 15, 2021 at 12:30 | City A.M

Two more energy suppliers have gone bust, leaving 500,000 customers needing a new provider, amid record prices for electricity and gas. Both Utility Point and People’s…

Lawmakers Make Last-Ditch Effort To Undo Nord Stream 2 Sanction Waiver

Lawmakers Make Last-Ditch Effort To Undo Nord Stream 2 Sanction Waiver

Sep 15, 2021 at 11:31 | RFE/RL staff

A group of bipartisan lawmakers is seeking to undo U.S. President Joe Biden’s decision to waive sanctions on the Russian-owned operator of the Nord Stream 2 pipeline in…

China Refinery Runs Fell To 15-Month Low In August

China Refinery Runs Fell To 15-Month Low In August

Sep 15, 2021 at 10:29 | Charles Kennedy

Refinery runs in China fell to the lowest in 15 months in August on the back of a sizeable cut in fuel export quotas and the latest wave of Covid-19,…

Oil Prices And Natural Gas Prices Jump On Supply Fears

Oil Prices And Natural Gas Prices Jump On Supply Fears

Sep 15, 2021 at 09:24 | Julianne Geiger

Fears surrounding a lack of supply are now trumping the fears surrounding a lack of demand as the industry seeks a delicate balance between the two The oil market sentiment…

Oil Prices Rise On Large Crude Inventory Draw

Oil Prices Rise On Large Crude Inventory Draw

Sep 14, 2021 at 16:22 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 5.437 million barrels for the week ending September 10. It exceeded the analyst expectations who…

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