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Gasoline Prices Continue To Plummet In The U.S.

Gasoline Prices Continue To Plummet In The U.S.

After a relentless month’s long…

Battery Metal Prices Slide Sideways

Battery Metal Prices Slide Sideways

Battery metal prices are not…

The Cost Of Drilling Continues To Rise

The Cost Of Drilling Continues To Rise

The average cost of developing…

News

Russian Deputy Prime Minster Slams Poland’s Request For Pipeline Oil

Russian Deputy Prime Minster Slams Poland’s Request For Pipeline Oil

Dec 02, 2022 at 08:02 | Charles Kennedy

Poland’s recent actions on the oil and gas market are “theater of the absurd,” Russian Deputy Prime Minister Alexander Novak said on Friday,…

European Jobs Market Remains Strong As Recession Looms

European Jobs Market Remains Strong As Recession Looms

Dec 02, 2022 at 07:55 | City A.M

The European jobs market is defying expectations and holding up well despite experts expecting the bloc to tip into a tough recession, fresh figures out today show.

Aker BP To Invest $19 Billion In Offshore Oil Projects In Norway

Aker BP To Invest $19 Billion In Offshore Oil Projects In Norway

Dec 02, 2022 at 07:45 | Tsvetana Paraskova

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expenditure plan by…

IAEA Head: Ukraine And Russia Close To Zaporizhzhya Safety Zone Deal

IAEA Head: Ukraine And Russia Close To Zaporizhzhya Safety Zone Deal

Dec 02, 2022 at 07:16 | RFE/RL staff

Rafael Grossi, head of the International Atomic Energy Agency (IAEA), says progress is being made to reach a deal to create a safe zone around Ukraine's Zaporizhzhya nuclear…

Chevron CEO Criticizes Biden’s SPR Strategy

Chevron CEO Criticizes Biden’s SPR Strategy

Dec 02, 2022 at 07:12 | ZeroHedge

Chevron CEO Mike Wirth spoke at the Economic Club of New York on Thursday to warn about the Biden administration's cunning plan to refill the

EU Nears Price Cap Agreement On Russian Seaborne Oil

EU Nears Price Cap Agreement On Russian Seaborne Oil

Dec 02, 2022 at 07:05 | RFE/RL staff

EU governments have tentatively agreed on a $60 a barrel price cap on Russian seaborne oil aimed at reducing Moscow's ability to finance its war in Ukraine.

Switzerland Considers Electric Vehicle Ban To Avoid Blackouts

Switzerland Considers Electric Vehicle Ban To Avoid Blackouts

Dec 02, 2022 at 04:56 | Tsvetana Paraskova

Switzerland could limit the use of electric vehicles (EVs) in cases of electricity supply shortages this winter under a new four-step plan to prevent power cuts and blackouts.    To…

The Energy Crisis Has Sparked Major Investments In Efficiency

The Energy Crisis Has Sparked Major Investments In Efficiency

Dec 02, 2022 at 03:32 | Tsvetana Paraskova

Record-high energy prices and the energy market turmoil this year have accelerated efforts in energy efficiency with global investments rising by 16% annually to $560 billion this year, the International…

Over 2 Million British Households Could Unplug From The Energy Grid This Winter

Over 2 Million British Households Could Unplug From The Energy Grid This Winter

Dec 02, 2022 at 01:53 | Irina Slav

More than two million British households unable to afford electricity bills may decide to disconnect from the grid without informing their suppliers, the chief executive of a power utility said,…

Harold Hamm Slams Biden For Venezuela Oil Deal

Harold Hamm Slams Biden For Venezuela Oil Deal

Dec 02, 2022 at 00:59 | Irina Slav

The owner of Continental Resources and one of the faces of the shale revolution Harold Hamm has criticized the Biden administration’s decision to grant sanction relief to Chevron so it…

Oil Prices Could Sink Without Further OPEC+ Action

Oil Prices Could Sink Without Further OPEC+ Action

Dec 01, 2022 at 13:20 | Julianne Geiger

Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month, some analysts told Reuters. The OPEC+ group meets…

Biden Administration Mulls Complete Revamp Of Biofuels Mandate

Biden Administration Mulls Complete Revamp Of Biofuels Mandate

Dec 01, 2022 at 11:54 | Charles Kennedy

The U.S. Biden Administration is mulling a complete revamp of the nearly two-decades-old biofuels mandate, according to Bloomberg. The EPA will issue an official proposal to amend the Renewable Fuel…

EU Agrees To $60 Oil Price Cap

EU Agrees To $60 Oil Price Cap

Dec 01, 2022 at 10:33 | Julianne Geiger

The European Union tentatively agreed to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday. The deal must first be…

Italy To Place Lukoil Refinery Under Trusteeship As Russian Oil Ban Looms

Italy To Place Lukoil Refinery Under Trusteeship As Russian Oil Ban Looms

Dec 01, 2022 at 09:07 | Charles Kennedy

Days before the EU embargo on imports of Russian crude oil by sea kicks in, Italy’s government is set to announce on Thursday a temporary solution to keep…

U.S. Gasoline Prices Could Fall Below $3 By Christmas

U.S. Gasoline Prices Could Fall Below $3 By Christmas

Dec 01, 2022 at 08:46 | Michael Kern

The average gasoline price in the United States dropped this week to a level last seen in early February, before the Russian invasion of Ukraine that roiled markets…

Britain’s Industrial Sector Slammed By ‘Lethal Cocktail’ Of Constraints

Britain’s Industrial Sector Slammed By ‘Lethal Cocktail’ Of Constraints

Dec 01, 2022 at 08:28 | City A.M

Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the…

French Grid Operator Warns Of Power Cuts This Winter

French Grid Operator Warns Of Power Cuts This Winter

Dec 01, 2022 at 08:01 | Tsvetana Paraskova

France could face the risk of power cuts this winter when electricity supply may not be enough to meet demand, Xavier Piechaczyk, the head of grid operator RTE,…

Blinken: Putin’s Brutalization Of Ukraine’s People Is Barbaric

Blinken: Putin’s Brutalization Of Ukraine’s People Is Barbaric

Dec 01, 2022 at 07:28 | RFE/RL staff

U.S. Secretary of State Antony Blinken says Russia's recent strategy of targeting Ukraine’s energy infrastructure will not divide Ukraine's supporters. Blinken on November 30 told a…

Top Miner Warns That A Labor Shortage Could Threaten The Energy Transition

Top Miner Warns That A Labor Shortage Could Threaten The Energy Transition

Dec 01, 2022 at 06:13 | Tsvetana Paraskova

The booming demand for energy transition metals such as copper and nickel will require a lot of skilled people from engineers to data scientists as a looming shortage of talent…

Maduro Demands Oil Sanctions Be Lifted Before Elections Take Place

Maduro Demands Oil Sanctions Be Lifted Before Elections Take Place

Dec 01, 2022 at 04:35 | Tsvetana Paraskova

Venezuela’s President Nicolas Maduro called on Wednesday for the lifting of all sanctions against the country’s oil industry before he discusses the holding of free elections with the opposition.…

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