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Article Archive | Page 2

OPEC Sets The Stage For New Output Cuts

Aug 11, 2022 at 10:01

Biden's "hard-won", post Saudi fist-bump OPEC output boost of 100K barrels may end up being not only the smallest on record, but also the shortest. In its latest monthly report,…

IEA Sees Higher Oil Demand This Year

Aug 11, 2022 at 09:16

Global crude oil demand will rise by 2.1 million bpd this year, the International Energy Agency said in the latest monthly edition of its flagship Oil Market Report, spurred…

OPEC+ Oil Production Could Dip In September

Aug 11, 2022 at 08:38

The 100,000 bpd production target increase that OPEC+ set for September may end up effectively being a production cut, the IEA said on Thursday, with a possible dip in Russian…

Are Gas Stations Really Inflating Prices For Profit?

Aug 10, 2022 at 15:24

About a month ago, American consumers were confronted with the highest retail gas prices in history when gas prices soared past $5 per gallon for the first time…

World’s Largest LNG Traders See Losses Mount Despite High Prices

Aug 10, 2022 at 09:02

Despite sky-high LNG prices, the world's largest liquefied natural gas traders have seen hundreds of millions of U.S. dollars in losses in recent months as production outages diminished…

A Radical Plan To Reduce Europe’s Oil Demand By 33%

Aug 10, 2022 at 10:16

European governments have been racking their brains to come up with a realistic way of reducing energy consumption with a sharp and quite understandable focus on natural gas.…

The Inflation Reduction Act Is A Game-Changer For Decarbonization

Aug 10, 2022 at 09:47

The Inflation Reduction Act (IRA) is the Biden administration’s legislative triumph of August 2022. But despite its name, it will plow more than $170 billion of tax credits…

The EU Ban On Russian Coal Goes Into Effect At Midnight

Aug 10, 2022 at 08:57

An EU embargo on the import of Russian coal goes into effect on August 11 after a midnight deadline for the transition period agreed by bloc members four…

Is U.S. Inflation Actually Cooling Quicker Than Expected?

Aug 10, 2022 at 08:54

US inflation is cooling much quicker than experts are betting in a sign the Federal Reserve’s series of steep rate hikes are quashing price pressures. Prices…

Chip Shortages And Inflation Are Plaguing The Auto Industry

Aug 10, 2022 at 08:51

The Automotive MMI (Monthly Metals Index) dropped by 6.32% this past month, a downward trend it has been maintaining since May. The drop comes despite valiant efforts…

Ford Hikes EV Truck Prices As Material Costs Soar

Aug 10, 2022 at 08:47

Ford Motor Company is the latest automaker to announce a price hike for its electric vehicle (EV) due to "significant material cost increases…

Standard Chartered: Putin’s Gas Weapon Is Weakening As Inventories Build

Aug 10, 2022 at 08:48

Europe's gas storage is filling despite significantly lower Russian pipeline supply this year, which has weakened the power of Vladimir Putin's "gas weapon" against the EU, analysts at Standard Chartered…

Russia Is Playing A Dangerous Game With Europe’s Largest Nuclear Plant

Aug 10, 2022 at 08:42

A Russian envoy to the United Nations says Moscow has requested a meeting of the UN Security Council on August 11 to discuss issues concerning the Zaporizhzhya nuclear…

Oil Inches Higher After EIA Reports Large Crude Inventory Build

Aug 10, 2022 at 09:42

Crude oil prices inched down before the EIA reported its crude inventory report today, but saw a small jump after the release, when the agency reported

OPEC+’s July Production Survey Shows Another Big Miss

Aug 10, 2022 at 08:25

Despite raising its crude oil production in July by 500,000 barrels per day, the OPEC+ group was still well below its collective quota, pumping 2.75 million bpd below targeted output,…

A Worrying Signal From Oil Traders Of A European Recession

Aug 09, 2022 at 09:47

Recession has always been a politically sensitive word. Today, it has become so sensitive that some economists and politicians are trying to redefine it to make…

China And Saudi Arabia Intensify Energy Cooperation With Critical Deal

Aug 09, 2022 at 10:08

The signing last week of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company – formerly the Arabian American Oil Company - (Aramco) and the…

From Coal To Gas And Back: How Europe Is Easing Its Energy Crisis

Aug 09, 2022 at 09:43

Last year in November, the UK, together with key partner Italy, hosted the COP26 climate summit, an event many believed to be the…

Green Jet Fuel Is Causing Problems For Biden's Inflation Reduction Act

Aug 09, 2022 at 10:32

As the Senate passed the Inflation Reduction Act budget reconciliation bill, U.S. fuel retailers warned that including higher tax credits for sustainable aviation fuel (SAF) would reduce the…

Germany’s Economy Faces A €260 Billion Blow As Energy Crunch Persists

Aug 09, 2022 at 09:35

Germany’s economy will lose over £220bn (€260bn) in added value by the end of the decade, following Russia’s invasion of Ukraine and skyrocketing energy prices – revealing negative…

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