Charles Kennedy

Latest articles from Charles

• Permian Basin On Track For Record September Production

  Published 15 August 2022 | viewed 14,884 times

  The largest shale basin in the United States, the Permian, is on track to hit a record 5.408 million barrels per day next month, with…

• California Might Keep One Nuclear Plant Open

  Published 15 August 2022 | viewed 1,538 times

  Anticipating electricity supply shortages well into 2026, California Governor Gavin Newsom has proposed allowing the state’s last-remaining nuclear power plant to continue operations beyond its…

• German Households Will Foot The Bill For New Gas Tax

  Published 15 August 2022 | viewed 3,078 times

  A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by Russia’s invasion of Ukraine is set to cost German…

• Germany Hits 75% Gas In Storage Goal Ahead Of Schedule

  Published 15 August 2022 | viewed 4,325 times

  Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas…

• Saudi Prince Made Huge Bets On Russian Energy Around Start Of Ukraine War

  Published 15 August 2022 | viewed 4,389 times

  One of Saudi Arabia’s wealthiest men has been investing in Russian energy companies, Reuters reported, citing a tweet by Kingdom Holding, a Saudi business majority…

• Gulf Of Mexico Pipelines Could Restart Today

  Published 12 August 2022 | viewed 19,292 times

  Gulf of Mexico offshore oil producers are working to restart output after damages to a pipeline halted operations at seven platforms, with Reuters reporting that…

• Nord Stream Gas Flows Drop On Friday Afternoon

  Published 12 August 2022 | viewed 17,867 times

  Physical natural gas flows on the Nord Stream pipeline from Russia to Germany dropped to 13 million kWh/h on early Friday afternoon in Europe, data…

• Kazakhstan To Reroute Oil Flow From Caspian Pipeline

  Published 12 August 2022 | viewed 19,318 times

  Kazakhstan will re-route some of its export oil to a pipeline in Azerbaijan as the Caspian Pipeline Consortium channel remains at risk of further suspensions,…

• Asia Gobbles Up Cheap U.S. Crude At OPEC’s Expense

  Published 12 August 2022 | viewed 24,697 times

  Asian buyers have bought a substantial amount of cheap U.S. crude on the spot market, suggesting that demand for Middle Eastern grades will be lower…

• IEA: Russian Oil Output Resilient, But Could Drop With EU Embargo

  Published 11 August 2022 | viewed 2,187 times

  Russian oil production and exports have been holding resilient in recent months, with much smaller declines than initially expected, the International Energy Agency (IEA) said…

• China Heralds Another Major Oil Discovery

  Published 11 August 2022 | viewed 10,325 times

  China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves.  The…

• U.S. Natural Gas Rises To Two-Week High On Strong Demand

  Published 11 August 2022 | viewed 7,180 times

  Despite a larger-than-expected stock increase, U.S. natural gas prices rose on Thursday to a two-week high on expectations of strong demand in the coming days…

• Falling Gasoline Prices Keep Inflation In Check

  Published 10 August 2022 | viewed 7,788 times

  The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting that inflation is easing as a result of falling gasoline prices, according…

• U.S.-Europe Oil Tankers Hit Blowout Day Rates

  Published 10 August 2022 | viewed 21,347 times

  Rates for mid-sized oil tankers sailing from the U.S. Gulf of Mexico to Europe hit the $57,000-per-day level this week, a figure representing a 12X…

• Fitch: Global Coal Price Rally Could Last For Years

  Published 10 August 2022 | viewed 4,569 times

  The rally in coal prices, which began at the end of last year and intensified after the Russian invasion of Ukraine and the subsequent EU…

• OPEC’s Oil Exports Are Rising In August

  Published 10 August 2022 | viewed 4,284 times

  Crude oil exports from OPEC producers rose by 223,000 barrels per day (bpd) in the first week of August, compared to the average shipments for…

• Musk Sells Another $6.9 Billion In Tesla Shares

  Published 10 August 2022 | viewed 1,709 times

  Elon Musk has sold 7.92 million shares in Tesla, which made him about $6.88 billion richer, even though earlier this year, Musk said he had…

• Germany May Consider Lifting Its Ban On Fracking Amid Energy Crisis

  Published 09 August 2022 | viewed 2,700 times

  Debates in Germany have resurfaced over whether Europe's biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe…

• Most U.S. Oil And Gas Firms At Risk Of Cyberattack: Study

  Published 09 August 2022 | viewed 1,920 times

  Most U.S. oil and gas firms are exposed to risks of a cyber breach, a new study by cyber risk rating and monitoring company BreachBits…

• Third Oil Tank Catches Fire In Massive Fire In Cuba

  Published 08 August 2022 | viewed 14,838 times

  The massive fire at a Cuban oil storage facility started by a lightning strike on Friday has now spread to a third storage tank as…