Charles Kennedy

Latest articles from Charles

• China Oil Imports Pick Up After Slump

  Published 08 August 2022 | viewed 6,543 times

  China’s crude oil imports rose slightly in July amid a general improvement in commodity imports during that month, Bloomberg reported, citing official data released by…

• Tullow Comes Up Empty In Guyana Offshore Oil Well

  Published 05 August 2022 | viewed 8,363 times

  UK-listed Tullow Oil failed to find oil at yet another well offshore Guyana in what could be its final well drilled in the region where…

• Putin Signs Decree That Bans “Unfriendly” Investors From Selling Energy Stakes

  Published 05 August 2022 | viewed 4,320 times

  Russia banned companies from what it considers “unfriendly” countries from selling stakes in key energy projects and oil and gas production sharing agreements by the…

• Russia Displaces Saudi Arabian Oil In India

  Published 05 August 2022 | viewed 30,895 times

  Russia’s share of the Indian oil market is growing at the expense of Saudi imports, Bloomberg has reported, noting Russian oil has been selling at…

• Yemen’s Houthis Claim Saudi-Backed Coalition Looted $13B In Oil

  Published 05 August 2022 | viewed 2,777 times

  Yemen’s Houthi-led government has accused the country’s Saudi-backed coalition forces of siphoning off $13 billion in Yemeni oil revenues over the past five years, with…

• Prices At The Pump Continue To Plunge, But Stronger Demand Could Halt The Trend

  Published 04 August 2022 | viewed 28,990 times

  The national average for a gallon of gas at the pump in the United States fell to $4.139 on Thursday, the 51st consecutive day the…

• China Starts Construction Of $22B Expansion Of Transmission Line Network

  Published 04 August 2022 | viewed 8,670 times

  China’s largest utility will soon begin the construction of some $22 billion of new long-distance, ultra-high-voltage transmission lines to connect more wind and solar installations…

• There’s A Run On Fuel In Germany: Refiner

  Published 04 August 2022 | viewed 8,825 times

  There is a run on fuels such as diesel and heating oil in the southern parts of Germany as supplies are constrained due to critically…

• UBS: UK Gas Crisis Set To Plunge British Pound To Historic Lows

  Published 03 August 2022 | viewed 9,377 times

  The British pound is expected to plunge to a historically low level versus the U.S. dollar in the fourth quarter of this year, when the…

• Chinese Top Battery Maker Halts N. American Plans After Pelosi Visit To Taiwan

  Published 03 August 2022 | viewed 6,549 times

  Note: According to Reuters' sources, CATL is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co. and with plans for battery…

• Occidental Petroleum Bucks Oil Profit Trend With Lower Q2 Profit

  Published 03 August 2022 | viewed 6,037 times

  Occidental Petroleum reported a net profit of $3.6 billion for the second quarter of the year, down from $4.7 billion for the first quarter, boasting…

• The Diesel Crisis Is Far From Over

  Published 02 August 2022 | viewed 6,920 times

  Despite growing fears of a global economic slowdown, diesel supply continues to be a concern, and the situation may yet become even worse than it…

• G7 Continues To Seek Ways To Limit Russia’s Oil Revenues

  Published 02 August 2022 | viewed 1,661 times

  The G7 group of leading industrialized nations continues to explore ways of curbing Russia’s huge revenues from oil, including by considering a ban on all…

• Approval For Battered Mountain Valley Gas Pipeline Could Be Accelerated

  Published 02 August 2022 | viewed 2,685 times

  The Mountain Valley natural gas pipeline project in West Virginia and Virginia could get an accelerated approval timeline under a side-deal between West Virginia Senator…

• Russian Oil Exports Have Stabilized, Revenues Steady

  Published 01 August 2022 | viewed 18,088 times

  Russia’s oil exports appear to have stabilized, based on Bloomberg data released Monday showing a steady level of 500,000 barrels per day below the peak…

• Reuters Survey Shows 310,000 Bpd OPEC Output Increase

  Published 01 August 2022 | viewed 4,144 times

  A Reuters survey on Monday showed that OPEC produced 310,000 bpd more in July to fill in the gaps from reduced production in Nigeria and…

• As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production

  Published 01 August 2022 | viewed 1,628 times

  Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in…

• Saudi Arabia’s Economy Grows 12% In Q2 On High Oil Prices

  Published 01 August 2022 | viewed 3,380 times

  Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary…

• Hezbollah Threatens Israel With War Over Disputed Gas Field

  Published 01 August 2022 | viewed 4,410 times

  Lebanon’s armed Hezbollah group warned Israel on Sunday against drilling at an offshore gas field, renewing a threat that it could escalate the offshore border…

• German Cities Begin Turning Off Lights To Save Energy

  Published 29 July 2022 | viewed 5,609 times

  Berlin, Germany's capital, and other cities have started turning off the spotlights on historic monuments and municipal buildings in an effort to conserve energy ahead…