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Article Archive | Page 6

One Million Puerto Ricans Still Without Power As Grid Crisis Persists

Sep 22, 2022 at 09:58

As Hurricane Fiona continues its path of destruction through the pacific, moving toward Bermuda as a Category 4 storm after lashing Turks and Caicos as a Category 3…

Why India Is Suddenly Buying Less Russian Crude

Sep 22, 2022 at 09:30

India, which has been buying large volumes of Russian crude since the Russian invasion of Ukraine to take advantage of cheap oil, is set to slow purchases of…

U.S. Intelligence Claims Russia Is Buying Weapons From North Korea

Sep 22, 2022 at 09:34

North Korea's Defense Ministry has denied that it has provided weapons and ammunition to Russia amid the war in Ukraine, calling the allegations "rumors" spread by "hostile forces"…

Energy Scams Are Spreading Like Wildfires

Sep 22, 2022 at 08:58

The global energy sector is in crisis. Supply chain woes and maintenance leftover from the pandemic, a fickle and bloodthirsty despot kinking the hose that supplies Europe with…

“Dysfunctional” Futures Market May Lead To Sharp Energy Price Swings

Sep 22, 2022 at 08:42

Europe's energy sector is facing a perfect storm as a dysfunctional futures market may lead to a new crisis where prices move higher due to a…

High Energy Prices Could Cause Manufacturers To Flee Europe

Sep 22, 2022 at 07:57

Soaring energy costs in Europe are shutting down businesses and threatening a bloc-wide recession. Yet not everyone accepts this fate. Some companies are moving to cheaper locations: the…

Failing To Invest In Oil And Gas Would Be The “Road To Hell For America”

Sep 22, 2022 at 02:57

Cutting off investments in fossil fuels would be the road to hell for the United States. This is what JP Morgan’s chief executive Jamie Dimon said during a congressional hearing…

Chinese Oil Refiners To Ramp Up Output As Demand Rebounds

Sep 22, 2022 at 01:39

Chinese oil demand is on the mend, with several refiners planning to ramp up processing rates considerably, according to a Reuters report citing unnamed sources in the know. Per…

The Pullback In Natural Gas Has Created An Opportunity

Sep 21, 2022 at 12:39

  U.S. natural gas prices have hit a fresh six-week low, closing at $7.75/MMBtu on Monday with the Wall Street Journal saying that…

Why The World Needs To Invest In Fossil Fuels

Sep 21, 2022 at 09:49

The Chief Executive of Saudi Aramco was clear in his recent speech when he outlined the main reasons for the current energy crisis. He pointed to underinvestment in…

EU Emergency Energy Plan Is Bad News For Renewables

Sep 21, 2022 at 09:07

The European Union’s emergency measures to tackle the region’s energy crisis may fall short of their intended goals, at least where renewable energy…

Copper Prices Remain Resilient As Uncertainty Persists

Sep 21, 2022 at 09:02

Via AG Metal Miner The copper industry showed resilience through many market challenges throughout 2022. Despite dropping prices and demand, copper continues to…

The U.S. Dollar Is Showing Strength As A Safe Haven Asset

Sep 21, 2022 at 09:00

Investors have had an insatiable appetite for US dollars this year. According to the Wall Street Journal’s dollar index, which measures the greenback against a basket…

The Single Largest Energy Market Intervention In EU History

Sep 21, 2022 at 09:09

The EU Commission on 14 September proposed a plan that would pull in €142 billion in windfall profits earned by power and fossil fuel companies and redistribute it…

Oil Prices Fall After Fed Raises Rates

Sep 21, 2022 at 13:08

Oil prices continued to slide on Wednesday afternoon after the Federal Reserve announced it would hike rates by 75 basis points. Fed Chair Jerome Powell acknowledged last month that rate…

Emerging Tech Could Create A Greener Global Shipping Industry

Sep 21, 2022 at 08:56

With fossil fuels still powering roughly 99% of global shipping, the sector is seeking to reduce emissions through cleaner fuel sources – including methanol, ammonia and wind –…

Saudi Aramco Shares Some Hard Truths About Our Energy Future

Sep 21, 2022 at 08:11

Policymakers need to look beyond this winter and stop vilifying the oil and gas industry if they want to prevent the next energy crisis, according to the chief executive of…

China Replaces Russia As Dominant Force In Central Asia

Sep 21, 2022 at 08:53

Vladimir Putin’s stature shrank in Samarkand. At the Shanghai Cooperation Organization (SCO) summit in Uzbekistan last week, Russia’s beleaguered leader essentially apologized to his Chinese…

Oil Prices Dip As Inventories Build Across The Board

Sep 21, 2022 at 09:40

Crude oil prices went down today, after the U.S. Energy Information Administration reported a crude oil inventory build of 1.1 million barrels for the week to September 16. For…

Putin Ramps Up Nuclear Threats As Ukrainian Forces Make Headway In The East

Sep 21, 2022 at 08:55

Russian President Vladimir Putin is taking steps to escalate the invasion of Ukraine and his standoff with Kyiv and the West, including a “partial mobilization” that he announced…

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