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U.S. Solar Boom Stumbles

U.S. Solar Boom Stumbles

Higher costs and supply constraints…

Oil Rally Fueled By OPEC Production Shortfall

Oil Rally Fueled By OPEC Production Shortfall

The gap between OPEC’s commitment…

Putin Has The Power To Intensify Europe’s Energy Crisis

Putin Has The Power To Intensify Europe’s Energy Crisis

As geopolitical tensions between Russia…

News

Coal Prices Dive As Indonesia Signals Easing Of Export Ban

Coal Prices Dive As Indonesia Signals Easing Of Export Ban

Jan 11, 2022 at 10:45 | Irina Slav

Benchmark Chinese coal prices fell to the lowest since the start of the year this week, after Indonesia allowed some coal cargos to leave its ports in a signal that…

UK Energy Supplier: Cuddle Your Pet To Lower Your Bill

UK Energy Supplier: Cuddle Your Pet To Lower Your Bill

Jan 11, 2022 at 09:04 | Charles Kennedy

Europe might be in the midst of an energy crisis, but one UK energy supplier has a potential solution: cuddle your pet for warmth. Ovo Energy, one of the largest…

Kuwait's Oil Wealth Fund Looks To Be Entirely ESG Compliant

Kuwait's Oil Wealth Fund Looks To Be Entirely ESG Compliant

Jan 10, 2022 at 15:38 | Charles Kennedy

Kuwait Investment Authority, the sovereign wealth fund of one of OPEC's largest producers, aims to ultimately make its portfolio 100-percent compliant with environmental, social, and governance (ESG) principles, the fund's…

Libya’s Crude Exports Slump As Bad Weather Shuts Four Oil Ports

Libya’s Crude Exports Slump As Bad Weather Shuts Four Oil Ports

Jan 10, 2022 at 13:46 | Tsvetana Paraskova

Just as Libya partially recovered its oil production, bad weather forced the closure of four oil export terminals in the east—a sign that Libya’s crude exports in January will be…

Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather

Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather

Jan 10, 2022 at 13:02 | Tsvetana Paraskova

Europe’s natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later this week.   Natural gas…

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

Jan 10, 2022 at 11:53 | Tsvetana Paraskova

U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, largely because of soaring coal-fired power generation in America, independent research provider Rhodium…

Mexico Slashes Pemex Debt By $3.2 Billion

Mexico Slashes Pemex Debt By $3.2 Billion

Jan 10, 2022 at 10:17 | Charles Kennedy

Mexico has reduced the debt burned of state-owned oil major Pemex by as much as $3.2 billion through a refinancing operation, Bloomberg reports, citing a statement by the Mexican…

Turkmenistan To Close

Turkmenistan To Close "Gates Of Hell" Gas Fire

Jan 10, 2022 at 09:24 | Irina Slav

Turkmenistan's president has ordered the government to find a way to extinguish a colossal gas fire burning since the 1970s. Dubbed the "Gates of Hell," the fire was rumored to…

Higher Natural Gas Prices Push Up U.S. Wholesale Electricity Prices

Higher Natural Gas Prices Push Up U.S. Wholesale Electricity Prices

Jan 07, 2022 at 14:21 | Tsvetana Paraskova

Rising fuel costs, especially those of natural gas, drove up wholesale electricity prices in all U.S. regions in 2021, the Energy Information Administration (EIA) said in an analysis on…

Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger

Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger

Jan 07, 2022 at 14:08 | Charles Kennedy

Residents in the Groningen area in the Netherlands have voiced their anger at a plan by the Dutch government to potentially double this year production from the Groningen gas field,…

First Green Quantitative Easing Of A Central Bank Fails To Work As Planned

First Green Quantitative Easing Of A Central Bank Fails To Work As Planned

Jan 07, 2022 at 10:40 | Tsvetana Paraskova

The Bank of England, which became in November 2021 the first central bank to adopt green criteria when buying corporate bonds under quantitative easing programs, is way off its targets…

Power Prices In Europe Drop On Milder, Windier Weather

Power Prices In Europe Drop On Milder, Windier Weather

Jan 07, 2022 at 09:01 | Tsvetana Paraskova

Month-ahead power prices in Europe fell this week after weather forecasts signaled that warmer than usual and windier weather conditions would prevail in northwest Europe in the coming weeks. The…

Texas Clampdown On Disposal Wells Hits Oil Producers

Texas Clampdown On Disposal Wells Hits Oil Producers

Jan 07, 2022 at 07:59 | Charles Kennedy

Oil producers in some of the most prolific parts of the Permian could lose up to half of their wastewater disposal wells as the Texas Railroad Commission targets the quake-inducing…

IEA Will Soon Free All Its Energy Data

IEA Will Soon Free All Its Energy Data

Jan 06, 2022 at 16:49 | Julianne Geiger

If you’ve unlocked some recent International Energy Agency (IEA) data for a few thousand dollars, it could be the last time you are required to do so. The IEA is…

Qatar To Boost Public Spending On The Back Of Higher Oil And Gas Revenues

Qatar To Boost Public Spending On The Back Of Higher Oil And Gas Revenues

Jan 06, 2022 at 14:39 | Tsvetana Paraskova

Qatar, one of the largest exporters of liquefied natural gas (LNG) in the world, is expected to boost public spending this year on the back of higher oil and gas…

Rising LNG Demand From South Asia Worsens Global Gas Crisis

Rising LNG Demand From South Asia Worsens Global Gas Crisis

Jan 06, 2022 at 11:13 | Tsvetana Paraskova

Emerging economies in South and Southeast Asia are returning to the spot liquefied natural gas (LNG) market these days, despite the high prices of cargoes, creating additional gas demand globally…

Mexico’s Export Ban Will Squeeze Oil Hedge

Mexico’s Export Ban Will Squeeze Oil Hedge

Jan 06, 2022 at 10:01 | Irina Slav

Mexico’s decision to halve oil exports this year and suspend them all together in 2023 will affect its oil hedge—the biggest in the world—substantially, pushing oil prices higher. Bloomberg

Keystone Pipeline Shuts Down Amid Frigid Weather

Keystone Pipeline Shuts Down Amid Frigid Weather

Jan 06, 2022 at 09:21 | Irina Slav

TC Energy shut down the Keystone pipeline for several hours for unplanned maintenance as temperatures in the area of the Hardisty terminal were expected to drop to minus 35 Celsius.…

Oil CEO's: $100 Crude Is Bad For U.S. Shale

Oil CEO's: $100 Crude Is Bad For U.S. Shale

Jan 05, 2022 at 16:04 | Julianne Geiger

$100 oil isn’t necessarily a good thing for the U.S. shale oil industry, several U.S. oil industry executives said this week, according to Bloomberg. $100 oil could hurt the United…

ExxonMobil Announces Two New Oil Discoveries In Guyana

ExxonMobil Announces Two New Oil Discoveries In Guyana

Jan 05, 2022 at 15:38 | Charles Kennedy

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S.…

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