Over the past decade, Argentina has plowed millions of dollars into the country’s giant lithium deposits with little to show for its efforts. To wit, no new mines have come online in the Central American nation for nearly a decade.…
It is likely to be around 100 degrees Fahrenheit this week in Iraqi Kurdistan’s capital of Erbil, but few regional commentators will doubt that many in the semi-autonomous region will feel a chill somewhere deep inside their bones. Having…
China's government this week made a decisive step towards developing more of the country's oil and gas reserves, including unconventional ones. A new umbrella company grouping all the state majors will drill for ultradeep oil and gas, and…
The United States and European Union are both investing heavily in the development of their green energy and clean technology sectors; to support a green transition and ensure they can meet the growing energy demand. However, both regions…
Crude oil inventories in the United States fell by 9.163 million barrels for the week ending June 28, according to The American Petroleum Institute (API), after analysts had expected a 150,000 barrel draw. For the week prior, the API…
Georgia’s strategic partnership with China may seem promising for Tbilisi on the surface, but the substance of the relationship conflicts with Georgia’s long-term ambitions. There are two drawbacks for Georgia. First, the partnership with…
The Saudi state-owned oil major Aramco has big plans for its future in fossil fuels, despite calls for a global green transition. The oil and gas firm is investing heavily in a future in LNG, solidifying its position in the international…
Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey published on Tuesday. OPEC’s all 12 producers pumped 26.7 million barrels per day (bpd) of…
Big tech firms like Amazon are actively speaking with utility companies to build artificial intelligence data centers powered by clean, reliable nuclear energy. This move aligns with the 'Next AI Trade' investing theme, which was…
The U.S. national average price of gasoline on July 4 is expected at $3.49 per gallon, which would be the lowest price on Independence Day since 2021, fuel-savings platform GasBuddy said on Tuesday. Gasoline prices have risen in recent…
The chief executive of Ineos Energy has said the business will prioritise expansion in the US and Denmark over Britain, arguing that the country’s politicians have put “pain” on the oil and gas sector. David Bucknall told The Times that…
Russia’s gas giant Gazprom shipped 23% higher volumes of natural gas via pipeline to Europe in June compared to the same month last year, according to estimates by Reuters. Gazprom’s pipeline gas deliveries averaged a daily volume of 81.8…
The world’s biggest oil company and crude oil exporter, Saudi Aramco, is betting big on its unconventional natural gas reserves to strategically grow its domestic and international gas and LNG business. Aramco has been seeking a greater…
Falling crude oil exports from Saudi Arabia accounted for half of the 1 million barrels per day (bpd) drop in global seaborne shipments in June compared to May, tanker-tracking data compiled by Bloomberg showed on Tuesday. The estimated…
Hurricane Beryl strengthened overnight to a powerful Category 5 storm as it churned in the Caribbean Sea. The Cat. 5 storm is the earliest on record in the Atlantic hurricane season and has caused concern among energy traders about…
Shell will pause on-site construction work at a biofuels plant in Rotterdam amid weak market conditions, the supermajor said on Tuesday, as international oil firms continue to re-evaluate their low-carbon energy projects. Shell’s…
Hurricane season is back, and oil markets are on edge as the earliest category 5 hurricane to form at this time of the year moves toward Jamaica.- As commodity markets started to talk politics following last week’s Biden-Trump debate,…
China could become a major catalyst for the widespread adoption of sustainable aviation fuel (SAF), considering its success in solar power development and electric vehicles rollout, senior executives at Cathay Pacific Airways have told…
Germany’s small and medium-sized companies are increasingly turning to solar power to cover their electricity consumption as energy prices in Europe’s biggest economy haven’t dropped much despite the fall in natural gas prices compared to…
Venezuela’s president, Nicolas, Maduro, has accepted a U.S. proposal for a new round of talks on local policies and the future of U.S. oil sanctions on Caracas. “I have received the proposal during two continuous months from the United…
Amazon has quit carbon offset standards that its founder Jeff Bezos helped to fund, opting instead for a new standard that it will develop. According to a Reuters report, citing the online retail giant, Amazon will devise a new standard…
Siemens Energy is prioritizing its grid expansion business over wind power, allocating some $1.6 billion (1.5 billion euro) in investments over the next six years, the Financial Times has reported. The six-year expansion plan will require…
Crude oil prices today held on to earlier gains made this week that pushed them to the highest in almost two months as fears of a further escalation of violence in the Middle East and expectations of robust demand in the U.S. sparked…
A Louisiana federal judge has blocked President Biden’s pause on new LNG export capacity approvals, ruling in favor of 16 states that sued the federal government for the pause. President Biden signed what the White House called a pause on…
Early June saw OPEC+ extend its 3.66 million barrels per day (bpd) of production cuts to the end of 2025. It also announced that it would extend another 2.2 million bpd to the end of September 2024. Together, these cuts comprise around 5-6…
Over the past few years, dozens of pundits and industry experts have emphasized that the ongoing Fourth Industrial Revolution is driving unprecedented electricity demand growth in the United States and globally. In a report titled “The Era…
Within the last few years, a few ground-breaking reports have shown that the level of gas flaring from oil operations worldwide has been far higher than companies had led us to believe. This led several oil majors to make ambitious pledges…
Global CO? equivalent emissions grew by 2.1% in 2023, crossing 40 billion metric tons for the first time. This category of emissions is the sum of carbon dioxide emissions from energy, carbon dioxide emissions from flaring, and methane…
Oil prices jumped nearly 2.5% on Monday, reaching their highest since April as geopolitical tensions boost supply and demand sentiment despite economic and interest rate uncertainty, and as the summer driving season kicks off in earnest,…
Via Metal Miner Sources said that steel manufacturing entities in northern Europe are unlikely to seek price increases on hot rolled coil until July, despite events since May that could create conditions to raise them. “If you do that, you…