The more officials from China, Kyrgyzstan and Uzbekistan try to provide clarity about a multi-billion-dollar railway project, the more it appears to be a case of putting the train before the track. Construction of the China-Kyrgyz-Uzbek…
London’s Royal Docks in Newham is set to house a new data centre, powering the rising demand for artificial intelligence (AI) in the capital. Ada Infrastructure, the data centre arm of GLP Capital Partners (GCP), has secured planning…
Via Metal Miner Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June. A short squeeze helped the price of copper peak at a new all-time high in late May, followed by a sharp downside correction. This resulted in an…
India's oil imports from Russia reached an unprecedented high of approximately 2.1 million barrels per day (bpd) in May, driven by widening discounts on Russian oil due to decreased demand from China. This surge has pushed Russia's share…
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 to 588 this week, compared to 682 rigs this same time…
Natural gas flows to Cheniere Energy’s Sabine Pass LNG export plant in Louisiana are set to drop to the lowest levels in 11 months on Friday, adding to lower flows to other export facilities, which have weighed on U.S. benchmark gas prices…
Iran-backed Houthi rebels have been intensifying missile and drone attacks, targeting commercial vessels in the southern Red Sea, critical Bab el-Mandeb chokepoint, and the Gulf of Aden. The rebels have even threatened to extend their…
Norway’s government appointed on Friday a committee tasked with considering whether the country should develop nuclear energy as an electricity source. Kristin Halvorsen, a former finance minister and currently director of the Center for…
Russia's Ambassador to Seoul, Georgy Zinoviev, was summoned to the South Korean Foreign Ministry on June 21 to protest a defense deal signed earlier this week by Russian President Vladimir Putin with North Korean leader Kim Jong Un. Putin…
The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially tightened oversight. PNGRB has…
The European Commission has allowed Germany to grant $3.2 billion (3 billion euros) in state aid to support the construction of a pipeline system for hydrogen transportation. The European Commission said on Friday that it had approved,…
Oil prices surged this week as hurricane season began, demand improved, and both U.S. crude and gasoline inventories fell. Rising geopolitical risk around the world only added to bullish sentiment.Friday, June 21, 2024The onset of…
Chinese engineering company Wison New Energies has decided to discontinue all ongoing Russian projects and will immediately and indefinitely stop taking any new Russian business, dealing a blow to the Arctic LNG 2 project. “In view of the…
Oil futures have surged sharply this week, driven by a significant draw in U.S. crude inventories and signs of a cooling job market that have fueled hopes of a potential Federal Reserve rate cut. Lower interest rates could bolster oil…
1. Summer Demand Finally Kicks In, Lifting Oil Prices Out of Contango - The summer rally of the oil markets might finally materialize as ICE Brent crept up to $85 per barrel, even higher than it was before the OPEC+ meeting, and contango…
Politics, Geopolitics & Conflict The Sudanese government has accused the UAE of supplying weapons to the rival paramilitary force with whom the government has been engaged in a bloody civil war for over a year–an accusation the UAE denies.…
This week, the International Energy Agency (IEA) issued a report predicting that “peak oil” the all time high point in oil demand, will come as soon as 2029. My first thought on reading the report was “Here we go again!”. Forgive my…
While Putin was hoping his visit to Kim Jun-Il and a timely defense pact with North Korea would create more of a fuss in the media, center stage has been consumed by Israel and Lebanon, on the brink of war, or so is the fear. For weeks,…
European wholesale electricity markets have seen zero or negative power prices for the most hours on record this year amid soaring renewable energy generation and a mismatch between supply and demand hours for solar power. Zero or negative…
Australia’s east coast faces natural gas shortages due to supply outages and higher gas-fired power demand amid cold weather and unusually low wind generation, the Australian energy regulator said this week. The Australian Energy Market…
A Canadian oil industry association has removed all transition-related content from its website in anticipation of punitive moves by the federal government, which earlier this month passed a law requiring companies to show proof of their…
The merger between Chevron and Hess Corp. may be delayed until next year because of the arbitration panel set up to rule on a dispute with Hess’s Guyana partner Exxon. Three months after the arbitration case was filed, there is still one…
Crude oil prices are about to book another weekly gain, boosted by the Energy Information Administration’s latest inventory report. On Thursday, the EIA reported draws across crude and fuels, suggesting the strong driving season some…
The world’s leading nuclear powers spent a record $91.4 billion on their nuclear defense systems in 2023--good for a 13.4% increase over 2022 spending--the International Campaign to Abolish Nuclear Weapon (ICAN) has revealed. In its fifth…
"The US has committed a substantial military force at great financial cost to protecting the Red Sea. Our protective effort is failing and flailing," David Asher, a senior fellow at Hudson Institute, wrote in a statement, referring to the…
As oil majors return to offshore exploration, West Africa's deepwater has become a key drilling target for some of the biggest international companies. Cote d'Ivoire and Namibia have been the hottest exploration areas in recent years,…
Authored by Paul Everingham via RealClearEnergy, The U.S Government could do far worse than to look to Australia’s natural gas policy as it considers the future of LNG exports. Gas production from the U.S. and Australia is essential to…
Mexico's state-owned energy giant Pemex has announced that its new Olmeca refinery, located in the port of Dos Bocas, Tabasco, will commence crude oil processing in the second half of this year. Pemex CEO Octavio Romero disclosed that the…
There was an unannounced guest at Iranian President Ebrahim Raisi’s state funeral in late May. Alongside dignitaries from neighboring states – including Nikol Pashinyan of Armenia and Prime Minister Ali Asadov of Azerbaijan – Georgian…
Canada has listed Iran's Islamic Revolutionary Guards Corps (IRGC) as a terrorist entity and advised any Canadians in Iran to leave the country. Public Safety Minister Dominic LeBlanc made the announcement on June 19 at a news conference…