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Chinese EV Makers Unfazed by Western Tariffs

Chinese EV Makers Unfazed by Western Tariffs

China's booming EV industry poses…

Say Goodbye to Utility Stock Dividends

Say Goodbye to Utility Stock Dividends

The U.S. electric utility sector…

Oil and Gas M&A Momentum Continues to Build

Oil and Gas M&A Momentum Continues to Build

Oil and gas mergers and…

News

Chinese EV Sales in Europe Jump by 23%

Chinese EV Sales in Europe Jump by 23%

Jun 04, 2024 at 06:07 | Irina Slav

Sales of China-made electric cars in Europe went up by 23% over the first four months of the year despite efforts by EU authorities to set up barriers for these…

IEA: The World Will Struggle to Triple Its Renewable Energy Capacity by 2030

IEA: The World Will Struggle to Triple Its Renewable Energy Capacity by 2030

Jun 04, 2024 at 04:59 | Tsvetana Paraskova

The world is still off track to reach a key goal set at the COP28 climate summit last year—tripling renewables capacity by 2030, the International Energy Agency (IEA) said in…

Michigan Republicans Push Back Against Climate Lawsuits

Michigan Republicans Push Back Against Climate Lawsuits

Jun 04, 2024 at 02:08 | Irina Slav

Republicans in Michigan’s Congress have pushed back against Attorney General Dana Nessel’s plan to go after oil and gas companies for alleged climate damages. The plan involves deputizing private…

Azerbaijan Invites Kazakhstan to Use Oil Pipeline to Georgia

Azerbaijan Invites Kazakhstan to Use Oil Pipeline to Georgia

Jun 04, 2024 at 01:21 | Charles Kennedy

Azerbaijan and Kazakhstan are discussing the use of the Baku-Supsa pipeline to carry Kazakh crude, media reported, citing a statement by the Kazakh embassy in Baku. "Currently, the parties are…

S&P Global: EU Could Finalise Russia LNG Sanctions in June

S&P Global: EU Could Finalise Russia LNG Sanctions in June

Jun 03, 2024 at 12:08 | Charles Kennedy

The European Union is gearing up to put the finishing touches on its 14th sanctions package on Russian energy this month, with sanctions targets to include shipments of Russian LNG,…

South Africa Overturns Ruling that Halted Shell’s Wild Coast Exploration

South Africa Overturns Ruling that Halted Shell’s Wild Coast Exploration

Jun 03, 2024 at 12:06 | Charles Kennedy

Oil supermajor Shell won a reprieve for Wild Coast offshore exploration after a South African appeals court suspended an earlier ruling from a lower court that had halted exploration activities…

Rongsheng Becomes Next Chinese Refiner to Buy Trans Mountain Oil

Rongsheng Becomes Next Chinese Refiner to Buy Trans Mountain Oil

Jun 03, 2024 at 09:53 | Charles Kennedy

Rongsheng Petrochemical has become the latest refiner in China to have purchased crude oil delivered to Canada’s Pacific coast via the expanded Trans Mountain oil pipeline. Rongsheng Petrochemical has bought…

Major Trade Union Strike Shuts Down Nigeria’s Electricity Grid

Major Trade Union Strike Shuts Down Nigeria’s Electricity Grid

Jun 03, 2024 at 09:21 | Charles Kennedy

The largest trade unions in Nigeria shut down on Monday the country’s power grid in an indefinite nationwide strike over the minimum wage. The…

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

Jun 03, 2024 at 08:30 | Charles Kennedy

Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to…

South Korea to Explore for Potentially Huge Offshore Oil and Gas Reserves

South Korea to Explore for Potentially Huge Offshore Oil and Gas Reserves

Jun 03, 2024 at 08:09 | Tsvetana Paraskova

South Korea’s President Yoon Suk Yeol endorsed on Monday a plan for drilling off the east coast of one of the world’s largest oil and gas importers, to explore what…

Gazprom’s Gas Pipeline Exports to Europe Surged by 39% Y/Y in May

Gazprom’s Gas Pipeline Exports to Europe Surged by 39% Y/Y in May

Jun 03, 2024 at 07:07 | Tsvetana Paraskova

Russia’s giant Gazprom saw its natural gas exports via pipeline to Europe soar by 39% year-over-year in May, according to estimates by Reuters. Last month, Gazprom’s pipeline flows to European…

Europe’s Natural Gas Prices Soar on Sudden Supply Outage in Norway

Europe’s Natural Gas Prices Soar on Sudden Supply Outage in Norway

Jun 03, 2024 at 06:15 | Tsvetana Paraskova

European natural gas prices surged on Monday to the highest level in six months as supply from Norway crumbled amid unplanned outages. The Dutch TTF Natural Gas Futures,…

Soaring Renewables Displace Fossil Fuels in Europe’s Power Mix

Soaring Renewables Displace Fossil Fuels in Europe’s Power Mix

Jun 03, 2024 at 05:05 | Tsvetana Paraskova

Surging solar and wind electricity output displaced one-fifth of the European Union’s fossil-fuel power generation between 2019 and 2023, energy think tank Ember has said in a report cited by…

Fire at Lukoil Refinery Kills Two

Fire at Lukoil Refinery Kills Two

Jun 03, 2024 at 03:07 | Charles Kennedy

A fire broke out yesterday at a refinery run by Russia’s Lukoil in the northern Komi Republic, resulting in two fatalities, Reuters reported, citing Russia’s environmental regulator. The…

Saudi Aramco Share Sale Draws Buyers in Droves

Saudi Aramco Share Sale Draws Buyers in Droves

Jun 03, 2024 at 02:02 | Irina Slav

The sale of 1.5 billion shares in Saudi Aramco, which launched on Sunday, has drawn demand that exceeded the supply of stock, Reuters has reported, noting demand overtook…

U.S. Diesel Demand Hits 26-Year Seasonal Low Amid Economic Slowdown

U.S. Diesel Demand Hits 26-Year Seasonal Low Amid Economic Slowdown

Jun 03, 2024 at 01:56 | Julianne Geiger

In March 2024, US diesel demand plummeted to its lowest seasonal level in 26 years, driven by a significant slowdown in economic growth. According to the US Energy Information Administration…

OPEC+ Extends Oil Cuts Into 2025

OPEC+ Extends Oil Cuts Into 2025

Jun 03, 2024 at 01:03 | Irina Slav

OPEC and its partners in OPEC+ this weekend decided to extend their production cuts, including both voluntary and group-wide cuts, until 2025. Energy Intelligence’s Amena Bakr reported that the…

Chevron's Gorgon LNG Resumes Full Production After Month-Long Outage

Chevron's Gorgon LNG Resumes Full Production After Month-Long Outage

May 31, 2024 at 10:38 | Julianne Geiger

Chevron has successfully restored full production at its Gorgon liquefied natural gas (LNG) export terminal in Western Australia following a month-long outage. The mechanical fault in a turbine,…

Vermont Makes Big Oil Pay for Climate Change Damage in Landmark Law

Vermont Makes Big Oil Pay for Climate Change Damage in Landmark Law

May 31, 2024 at 10:29 | Michael Kern

The state of Vermont has just enacted a law that would take on oil companies to require them to pay for damage caused by their emissions, in a first such…

Indonesia’s Delay of Its Ban on Copper Exports Could Weigh on Prices

Indonesia’s Delay of Its Ban on Copper Exports Could Weigh on Prices

May 31, 2024 at 08:17 | Charles Kennedy

Indonesia, a major copper producer, has decided to postpone the start of a ban on its copper concentrate exports until the end of the year in a move that could…

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