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Summary • Brent and WTI climb • China’s Shandong Port blacklists U.S.-sanctioned oil vessels, traders say • Middle East market strength provides support • Economic data undermine demand hopes Jan 7 (Reuters) – Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent …
Oil Prices Rise as Concerns Grow Over Supply Disruptions Read More »
Jan 6 (Reuters) – Exxon Mobil (XOM.N) filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show. The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show. A copy of the complaint was not …
Exxon Mobil Sues California Attorney General, Environmental Groups Read More »
By Timothy Gardner and Nidhi Verma U.S. to announce ‘very substantial package’ of sanctions, source says Russian oil companies, tankers, traders, insurers to be targeted, source says Tankers carrying oil above $60 per barrel price cap to be sanctioned, sources say WASHINGTON/NEW DELHI, Jan 6 (Reuters) – The Biden administration plans to impose more sanctions …
US Plans More Sanctions on Tankers Carrying Russian Oil, Sources Say Read More »
(Reuters) – U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze. So far, those storms have knocked out power to more than 366,000 homes and businesses from Missouri …
By Yogi Schulz We’ve all read about the heated and continuing debate about the effectiveness and cost of solar and wind renewable electricity generation. Some have hyped these technologies as the saviour for the energy transition to address the impact of climate change. Others have challenged their cost, reliability and lifespan. Where do these technologies …
Where Does Solar and Wind Renewable Electricity Generation Make Sense? – Yogi Schulz Read More »
Final rules provide carve-out for existing nuclear power Subsidy has been the subject of intense Washington lobbying The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel. The tax credit created by President Joe Biden’s …
Biden Loosens Rules for Hydrogen Subsidies Worth Billions Read More »
Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …
Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters Read More »
(Reuters) – Freezing weather and snow storms across the U.S. could cause massive power outages over the next week and boost natural gas demand to its highest levels of the winter, according to energy analysts and reliability coordinators. The bump in demand comes as supplies of gas could drop due to the freezing of oil …
US Winter Storms Could Cause Power Outages, Cut Natgas Supplies Read More »
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, stayed at 589 in the week …
US Oil and Gas Rigs Unchanged for Fourth Straight Week – Baker Hughes Read More »
(Reuters) – Norway’s Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States. The company expects the total capital investments, including fees for the use of the South Brooklyn Marine Terminal, to be around $5 billion, including …
Equinor Secures $3 Bln Financing for U.S. Empire Wind 1 Project Read More »
