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Summary 2023 crude imports 11.28 mln bpd, +11% on yr 2023 natgas imports 2nd highest on record; Dec imports at record 2023 refined fuel exports +16.7% on yr (Reuters) – China’s annual crude oil imports hit an all-time high in 2023, customs data showed on Friday, as fuel demand recovered from a pandemic-induced slump despite …
China’s 2023 Crude Oil Imports Hit Record as Fuel Demand Recovers Read More »
At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed. The attacks were carried out from the air and sea in response to the Iranian-backed Houthi militia’s attacks on ships in the Red …
Oil Tankers Divert From Red Sea After U.S., UK Strikes in Yemen Read More »
MILAN, Jan 11 (Reuters Breakingviews) – Europe may have overplayed its energy security strategy. President Vladimir Putin’s 2022 attack on Ukraine exposed the European Union’s heavy dependence on cheap gas imported from Russia, chiefly via pipelines. To address the imbalance, the bloc rushed to add facilities to import liquefied natural gas (LNG) by sea from …
EU’s Energy Security Drive May Have Gone Too Far Read More »
(Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest of globe combined. The International Energy Agency said in its Renewables 2023 report, released on Thursday, that China will account for 56% of renewable …
China Dominates Renewable Energy and Coal Power Forecasts Read More »
Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …
Norway’s Oil and Gas Companies to Step Up Exploration This Year Read More »
(Reuters) – Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than …
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks Read More »
British Columbia project adds to Shell’s LNG Canada position First binding deal for project targets Asia energy markets By Ruth Liao Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia. The deal, which calls for 2 million metric tons a year of LNG …
Shell Signs 20-year Supply Deal With Canadian LNG Upstart Read More »
Reuters Jan 8 (Reuters) – Shell (SHEL.L) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell. The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year …
Shell flags Q4 Writedown of up to $4.5 billion, Mainly on Singapore Assets Read More »
Skepticism about how to commercialize — and use — carbon capture is growing. So is the debate over how to deploy it equitably and safely. By Michelle Ma – Bloomberg Carbon capture is having a moment. Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in …
The World’s Next Big Carbon Capture Challenge? Figuring Out How to Use It Read More »
By Paul Wallace and Alex Longley – Bloomberg A wave of missile and drone strikes on ships plying the Red Sea has caused the biggest disruption to global trade since the pandemic. The attacks are the work of Yemen’s Iran-backed Houthi militants. They say they are targeting vessels with links to Israel to protest against its military campaign in the Gaza …
EXPLAINED: How Houthi Red Sea Attacks Are Disrupting World Trade Read More »
