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Article Archive | Page 2

Russia’s Army Is Running Out Of Ammunition

Dec 06, 2022 at 08:44

In the ninth month of Russia’s war against Ukraine, it is becoming increasingly obvious that the Russian army is being gradually overtaken by “shell hunger.” This should be…

Oil Falls As Markets Fear Further Action From U.S. Fed

Dec 06, 2022 at 10:46

Crude prices fell significantly at the beginning of the week despite robust US economic data coupled with strong labor figures and positive industry PMI.

Europe Faces Stress Test As Arctic Blast Drives Surge In Power Demand

Dec 06, 2022 at 09:37

Most European energy systems will be put to their toughest test yet this winter as an Arctic blast with freezing temperatures is set to drive a surge in…

The U.S. Is Holding Its First West Coast Offshore Wind Auction

Dec 06, 2022 at 09:07

The U.S. is holding on Tuesday the first offshore wind auction on the West Coast by offering development rights in waters off California as part of the Biden…

OPEC+ Is Playing The Long Game

Dec 06, 2022 at 08:31

The latest OPEC+ meeting produced no surprises, with the group reiterating its decision to keep production at current levels for at least another two months. As…

U.S. Oil Exports Hit Record High

Dec 06, 2022 at 07:39

U.S. exports of crude oil and petroleum products hit an all-time high of 11.8 million barrels per day (bpd) last week, The Maritime Executive reports.  In the week to…

IEA: The Energy Crisis Will Accelerate Renewable Power Growth

Dec 06, 2022 at 02:17

The new drive for energy security prompted by the fossil fuel price crisis will accelerate the development of renewable energy, the International Energy Agency has said in a new report.…

Lower Oil Prices On The Horizon As China Enters Next Phase Of Covid Crisis

Dec 05, 2022 at 08:34

Since the late 1990s, China has been the big beast in the global oil markets, driving demand for oil and other commodities that it used to power double-digit…

Energy Stocks Are A Big Buy Right Now

Dec 05, 2022 at 08:38

Oil prices climbed on Monday morning after OPEC+ resolved on Sunday to stay the course on oil production cuts ahead of the implementation of a…

U.S. Shale Growth To Disappoint In 2023

Dec 05, 2022 at 10:58

Despite the fact that U.S. crude oil production has recently hit the highest level since the pandemic low of below 10 million barrels per day (bpd) in May…

Europe Can’t Count On U.S. Shale To Make Up For Russian Crude

Dec 05, 2022 at 11:55

OPEC+ yesterday decided to leave its production quotas where they are, at 2 million bpd lower than they were in October, which is an effective cut of 1…

Europe’s Energy Crisis Is Reshaping Geopolitics

Dec 05, 2022 at 12:15

Europe’s energy crisis is about far more than just energy. It’s also the impetus for a major geopolitical reconfiguration at a global scale. No one knows exactly what…

Gasoline Prices Continue To Plummet In The U.S.

Dec 05, 2022 at 12:10

After a relentless month’s long climb, U.S. national average gas prices have declined, falling 16 cents from a week ago to $3.403 per gallon

Rare Earth Supply Chains Are In Chaos

Dec 05, 2022 at 08:00

Via AG Metal Miner The December Rare Earths MMI (Monthly MetalMiner Index) traded sideways for the second month…

UK Energy Reforms Could Stifle Growth

Dec 05, 2022 at 08:59

Ofgem’s flurry of reforms to the energy sector could stop new ideas from entering the market and improving outcomes for customers, warned the boss of challenger supplier Good…

Saudi Arabia Cuts Oil Prices To Asia To 10-Month Low

Dec 05, 2022 at 09:11

Saudi Arabia has cut the price of the crude it will sell to Asia in January to a 10-month low versus the regional benchmarks which have weakened in recent weeks…

European Leaders Call On NATO To Protect Pipelines And Communication Cables

Dec 05, 2022 at 08:12

German Chancellor Olaf Scholz and Norwegian Prime Minister Jonas Haar Støre have called on NATO to protect underwater pipelines and communication cables by creating a special coordination structure,…

European Gas Consumption Is 24% Below The Five-Year Average

Dec 05, 2022 at 08:45

In November, Europe’s natural gas demand was 24% lower than the five-year average for the month, largely due to reduced industrial demand amid high prices. The lower gas consumption could…

OPEC+ Leaves Production Quotas Unchanged

Dec 05, 2022 at 01:03

OPEC+ decided not to change the production quotas for its members at its latest meeting, which took place on Sunday. The group had agreed in November to reduce these quotas…

U.S. LNG Is Booming, But Who Supplies The Gas?

Dec 02, 2022 at 11:46

This year, the United States became the world's biggest liquefied natural gas (LNG) exporter as deliveries to energy-starved buyers in Europe and Asia…

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