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News

Shell Expects Lower Q1 Earnings From Natural Gas Trading

Shell Expects Lower Q1 Earnings From Natural Gas Trading

Apr 05, 2024 at 04:43 | Tsvetana Paraskova

Shell expects the trading results in its Integrated Gas division to be lower in the first quarter of 2024 compared to an exceptionally strong fourth quarter of 2023, the UK-based…

Australia Forecasts Natural Gas Surplus for East Coast

Australia Forecasts Natural Gas Surplus for East Coast

Apr 05, 2024 at 03:04 | Irina Slav

The east coast of Australia will swing into a natural gas surplus later this year even if all LNG producers in the area export all the gas they have no…

The U.S. Energy Grid Is Increasingly Vulnerable to Cyberattacks

The U.S. Energy Grid Is Increasingly Vulnerable to Cyberattacks

Apr 05, 2024 at 01:58 | Irina Slav

The U.S. grid’s vulnerability to cyberattacks has grown, the North American Electric Reliability Corporation has warned. According to the regulator, the number of vulnerability points in the grid had grown…

Oil Prices Set for a Second Weekly Gain After Brent Breaks $91

Oil Prices Set for a Second Weekly Gain After Brent Breaks $91

Apr 05, 2024 at 01:40 | Irina Slav

Crude oil prices were on track to book their second weekly gain in a row, driven higher by geopolitics and supply concerns. Early on Friday morning, Brent…

Oil Surges Over $90 as UAE Cuts Diplomatic Ties with Israel

Oil Surges Over $90 as UAE Cuts Diplomatic Ties with Israel

Apr 04, 2024 at 15:29 | ZeroHedge

At this point Israel's ties with key Gulf countries like the UAE are near breaking point, after only a few short years ago diplomatic normalization was hailed…

House Republicans To Link Ukraine Aid to LNG Project Approvals

House Republicans To Link Ukraine Aid to LNG Project Approvals

Apr 04, 2024 at 15:20 | Julianne Geiger

House Republicans are mulling the possibility of linking potential financial aid to Ukraine to LNG export project approvals, people familiar with the matter told Bloomberg on Thursday. While the final…

Sanctions Force Russia’s Novatek to Scale Back Arctic LNG 2 Project

Sanctions Force Russia’s Novatek to Scale Back Arctic LNG 2 Project

Apr 04, 2024 at 13:14 | Charles Kennedy

Russia’s LNG exporter Novatek is forced to scale back what would have been the biggest Russian export plant, Arctic LNG 2, as Western sanctions are constraining the company’s access to…

Egypt To Lease Natural Gas Terminal

Egypt To Lease Natural Gas Terminal

Apr 04, 2024 at 13:09 | Julianne Geiger

State-run Egyptian Natural Gas Holding Co is planning to lease a natural gas import terminal from providers of FLNG units, anonymous sources told Reuters this week. EGAS is hoping to…

Tesla Set to Explore India For Next Multi-Billion Dollar Factory

Tesla Set to Explore India For Next Multi-Billion Dollar Factory

Apr 04, 2024 at 11:52 | ZeroHedge

If Tesla has demand worries as a result of its poor Q1 2024 delivery numbers, it sure isn't showing it. Instead the company is reported to be…

Denmark Closes Busy Oil Shipping Strait Over Faulty Missile Launcher

Denmark Closes Busy Oil Shipping Strait Over Faulty Missile Launcher

Apr 04, 2024 at 09:58 | Charles Kennedy

The National Maritime Authority of Denmark has closed down the Great Belt strait–a key shipping venue for Russia’s shadow sanctions-busting oil fleets–after the Danish navy activated a faulty missile launcher,…

Port Workers’ Strike Could Delay Chile’s Commodity Exports

Port Workers’ Strike Could Delay Chile’s Commodity Exports

Apr 04, 2024 at 09:20 | Charles Kennedy

Commodity exports from Chile, a top producer of copper and lithium, could be delayed amid a workers’ strike that began early on Thursday, which disrupted loading and unloading of vessels.…

U.S. Gasoline Prices Hit Highest Level in Six Months

U.S. Gasoline Prices Hit Highest Level in Six Months

Apr 04, 2024 at 08:28 | Charles Kennedy

Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average at $3.58 per gallon as…

Russia Is Struggling to Repair Refineries Due to Sanctions

Russia Is Struggling to Repair Refineries Due to Sanctions

Apr 04, 2024 at 07:55 | Tsvetana Paraskova

Due to the sanctions, Russia cannot access spare parts from Western engineering companies that have provided refinery equipment in the past, leaving Russian refiners struggling to repair damaged units, multiple…

Russia Halves Gasoline Shipments via Railway After Export Ban

Russia Halves Gasoline Shipments via Railway After Export Ban

Apr 04, 2024 at 06:33 | Tsvetana Paraskova

Russia slashed in half its gasoline exports via railway after imposing a six-month ban on exports from March 1 to ensure sufficient domestic supply in peak demand season, while several…

The 57 Companies Most Responsible for Global Carbon Emissions

The 57 Companies Most Responsible for Global Carbon Emissions

Apr 04, 2024 at 05:55 | Tsvetana Paraskova

As much as 80% of the world’s carbon dioxide emissions between 2016 through 2022 can be traced to just 57 corporate and state fossil fuel and cement producers, think tank…

Renewable Energy Investment Not Enough to Reach Paris Climate Target

Renewable Energy Investment Not Enough to Reach Paris Climate Target

Apr 04, 2024 at 05:08 | Tsvetana Paraskova

Despite record investments in renewables, the current funding for clean energy deployment is insufficient for the world to reach the 1.5 degrees Celsius pathway under the Paris Agreement, renewable energy…

Tesla Sends Scouts Across India to Find Ideal EV Factory Location

Tesla Sends Scouts Across India to Find Ideal EV Factory Location

Apr 04, 2024 at 03:23 | Irina Slav

Tesla has sent scouts out across India to pick a location for a new EV factory that would cost between $2 billion and $3 billion, the Financial Times has 

Exxon Warns Q1 Profits Will Suffer Due to Lower Oil Prices

Exxon Warns Q1 Profits Will Suffer Due to Lower Oil Prices

Apr 04, 2024 at 02:08 | Irina Slav

Exxon has warned that its first-quarter income figures will be affected by lower oil prices, Reuters has reported, citing a securities filing. Besides lower oil benchmarks, the company…

Trans Mountain’s Expanded Oil Pipeline to Start Operations on May 1st

Trans Mountain’s Expanded Oil Pipeline to Start Operations on May 1st

Apr 04, 2024 at 01:46 | Irina Slav

After a series of delays, cost overruns, and legal challenges, the expanded Trans Mountain oil pipeline will open for business on May 1, the same-name state-owned company said this week.…

Biden May Lift LNG Export Ban To Win Ukraine Aid

Biden May Lift LNG Export Ban To Win Ukraine Aid

Apr 03, 2024 at 13:05 | Charles Kennedy

Markets are impatiently awaiting a decision from the White House that could see the ban on new LNG export projects lifted as the Biden administration seeks leverage in winning Republican…

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