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EU Looks To Extend Natural Gas Consumption Cuts For Another Year

EU Looks To Extend Natural Gas Consumption Cuts For Another Year

The European Commission, as expected,…

China’s Diesel Exports Soared In January and February

China’s Diesel Exports Soared In January and February

China’s diesel exports increased tenfold…

News

Canadian Government Orders Oil Sands Firm To Contain Tailings Leak

Canadian Government Orders Oil Sands Firm To Contain Tailings Leak

Mar 14, 2023 at 02:38 | Charles Kennedy

The federal government of Canada has ordered Imperial Oil, the operator of the Kearl oil sands project, to contain a leak of tailings water that occurred last year but was…

Chinese Oil Drillers Set New Asian Depth Record

Chinese Oil Drillers Set New Asian Depth Record

Mar 14, 2023 at 01:31 | Charles Kennedy

Oil drillers in China set a new record for well depth, drilling 9,396 meters into the ground for what has become the deepest oil well in Asia, Chinese media have…

Oil Falls Again As Traders Remain Concerned About U.S. Banks

Oil Falls Again As Traders Remain Concerned About U.S. Banks

Mar 13, 2023 at 15:03 | Charles Kennedy

Oil markets continued to be disrupted by the failure of Silicon Valley Bank and Signature Bank over the weekend, with oil prices losing nearly 3% just shy of…

Norway’s Oil Fund Held Over $260M In Failed SVB Banking Group

Norway’s Oil Fund Held Over $260M In Failed SVB Banking Group

Mar 13, 2023 at 12:32 | Charles Kennedy

Norway’s oil fund held over $263 million in Signature Bank and SVB Financial Group, the owner of Silicon Valley Bank (SVB), which failed spectacularly over the weekend, sparking…

Biden Greenlights Controversial Alaska Oil Project

Biden Greenlights Controversial Alaska Oil Project

Mar 13, 2023 at 10:35 | Julianne Geiger

The Biden Administration approved the controversial Alaska oil project known as Willow on Monday after rumors surfaced last week that the Administration was set to approve it. The massive oil…

High Taxes Stand In The Way Of UK Renewable Development

High Taxes Stand In The Way Of UK Renewable Development

Mar 13, 2023 at 10:06 | Michael Kern

Representatives of the renewable energy sector are pressing for changes ahead of this week's budget. They say that a cap on revenue and a lack of incentives offered to oil…

UK Subsidies To Fossil Fuel Producers Far Exceed Renewables

UK Subsidies To Fossil Fuel Producers Far Exceed Renewables

Mar 13, 2023 at 09:52 | Michael Kern

Fossil fuels received £20bn more UK support than renewables since 2015, according to new research commissioned by Liberal Democrats. The UK government has given £80bn in…

Strikes That Shut Down French LNG Terminals Expected To Continue

Strikes That Shut Down French LNG Terminals Expected To Continue

Mar 13, 2023 at 09:42 | Michael Kern

The strikes in France against a labor market reform have shut down the LNG import terminals, and the impact will continue to be felt this week, French union representatives told…

Top UK Pension Funds Intend To Vote Against BP And Shell Directors

Top UK Pension Funds Intend To Vote Against BP And Shell Directors

Mar 13, 2023 at 08:05 | Tsvetana Paraskova

Following announcements from BP and Shell that they intend to continue supplying the oil and gas the world needs, some of the largest UK pension funds are threatening to vote…

Mayor Of Seoul Calls For South Korea To Develop Nuclear Weapons

Mayor Of Seoul Calls For South Korea To Develop Nuclear Weapons

Mar 13, 2023 at 06:32 | Charles Kennedy

South Korea should develop and build nuclear weapons as a means to defend itself from the growing nuclear threat from North Korea, the mayor of Seoul, Oh Se-hoon, said in…

The UAE Expects Its Energy Industry Growth To Continue

The UAE Expects Its Energy Industry Growth To Continue

Mar 13, 2023 at 03:41 | Charles Kennedy

The future of the energy industry in the United Arab Emirates is bright and will reach new heights in the future, the oil minister of the UAE, Suhail Al Mazrouei…

Biden Expected To Greenlight Alaska Oil Project

Biden Expected To Greenlight Alaska Oil Project

Mar 13, 2023 at 02:14 | Irina Slav

The Biden administration is set to give its final approval to the Willow oil project in Alaska but will also announce drilling limitations by curbing offshore oil leasing in the…

Saudi Aramco Reports Record Profits In 2022

Saudi Aramco Reports Record Profits In 2022

Mar 13, 2023 at 01:28 | Irina Slav

Saudi Aramco reported a net profit of $161.1 billion for 2022, up from $110 billion a year earlier and a record net earnings result for the company, which joins…

Senator Manchin Threatens To Block Biden Nominees Over IRA Energy Provisions

Senator Manchin Threatens To Block Biden Nominees Over IRA Energy Provisions

Mar 10, 2023 at 11:44 | Julianne Geiger

Democratic Senator Joe Manchin on Friday threatened to hold up more of President Joe Biden’s nominees if the Administration doesn’t stick to the energy lane carved forward by the Inflation…

Norfolk Southern Disaster Prompts Rare Warning From Railroad Association

Norfolk Southern Disaster Prompts Rare Warning From Railroad Association

Mar 10, 2023 at 09:09 | Michael Kern

Following yet another freight train derailment by Norfolk Southern (NS), the Association of American Railroads (AAR) has issued an advisory urging carriers to stop using specific railcars due to concerns…

Saudi Arabia And Iran Agree To Restore Diplomatic Relations

Saudi Arabia And Iran Agree To Restore Diplomatic Relations

Mar 10, 2023 at 08:57 | Charles Kennedy

Regional rivals Saudi Arabia and Iran have agreed to resume diplomatic relations and re-open embassies and missions, Saudi Arabia, Iran, and China said in a joint statement on Friday,…

Russia Uses Ship-To-Ship Transfers To Boost Diesel Exports To Saudi Arabia

Russia Uses Ship-To-Ship Transfers To Boost Diesel Exports To Saudi Arabia

Mar 10, 2023 at 07:44 | Tsvetana Paraskova

Russia is accelerating its exports of diesel to Saudi Arabia by both direct shipments and ship-to-ship transfers, Reuters reported on Friday, quoting trade sources and shipping data from Refinitiv.…

U.S. And EU Look To Launch Trade Talks On Critical Minerals

U.S. And EU Look To Launch Trade Talks On Critical Minerals

Mar 10, 2023 at 07:14 | Tsvetana Paraskova

The United States and the European Union could launch talks on critical materials trade when U.S. President Joe Biden welcomes European Commission President Ursula von der Leyen in the White…

Saudi Arabia Set To Supply Full Crude Oil Volumes To Asia In April

Saudi Arabia Set To Supply Full Crude Oil Volumes To Asia In April

Mar 10, 2023 at 05:15 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco will supply next month the full contracted volumes of crude to at least four refiners in North Asia, sources familiar with the plans told

EU Reaches Provisional Agreement To Cut 2030 Energy Consumption By 11.7%

EU Reaches Provisional Agreement To Cut 2030 Energy Consumption By 11.7%

Mar 10, 2023 at 03:43 | Tsvetana Paraskova

The European Parliament and the Council presidency on Friday reached a provisional political agreement to reduce final energy consumption at EU level by 11.7% in 2030 compared to the…

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