OPEC+ production cuts are likely to drive up oil prices and inflict more pain on consumers already squeezed by high inflation, the International Energy Agency said. Global oil markets — already on track for a supply deficit before Saudi Arabia and its partners unveiled the surprise curbs — will tighten more than previously expected, forcing …
OPEC+ Cuts Intensify the ‘Siege’ on Oil Consumers, IEA Warns Read More »
(Reuters) – Oil and gas activity in the U.S. Midwest and Mountain West states declined in the first quarter and is expected to continue to slow, according to a survey released on Friday by the Federal Reserve Bank of Kansas City. The first quarter’s drilling and business activity index decreased to -13 from 6, according …
U.S. Oil Activity in Colorado, Wyoming Slips, Further Slowing Ahead Read More »
Oil rose for the fourth straight week, supported by signs of a tightening global market that have the International Energy Agency warning of higher prices ahead.West Texas Intermediate settled above $82 a barrel, posting its longest run of weekly advances since June. Crude is hovering near five-month highs after OPEC+ surprised the market with plans …
Oil Posts Fourth Weekly Gain as IEA Sees Higher Price Threat Read More »
April 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes Co BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 748 in …
U.S. oil & gas rig count falls for third week in a row – Baker Hughes Read More »
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE An electric vehicle battery is typically made up of several components, including: Electrodes: The positive and negative electrodes are the heart of the battery. They are usually made of a metal oxide for the positive electrode and graphite for the negative electrode. Separator: The separator is a …
Components of An Electric Vehicle Battery – ENERGYminute Read More »
Courtesy of Visual Capitalist – See More From Visual Capitalist HERE The World Health Organization (WHO) estimates that air pollution leads to 7 million premature deaths every year. Out of the six common air pollutants, particulate matter measuring 2.5 microns or smaller in diameter, or PM2.5, is accepted as the most harmful to human health. This is due to …
Mapped: Air Pollution Levels Around the World in 2022 – Visual Capitalist Read More »
LONDON, April 14 (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three million …
OPEC+ Cuts Partly Due to Reshaping of Global Oil Flows, IEA Says Read More »
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo LONDON, April 14 (Reuters) – Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and …
OPEC+ Cuts Risk Oil Supply Deficit, Threaten Economic Recovery Read More »
LONDON, April 13 (Reuters) – Europe has ended the winter of 2022/23 with a record volume of gas in storage – which leaves much less refill needed ahead of the next heating season in 2023/24. Inventories in the European Union and the United Kingdom amounted to 632 terawatt-hours (TWh) on March 31, according to Gas …
Column: Europe’s Gas Outlook Transformed After Mild Winter Read More »
