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Energy / Energy-General

Iran Responds To Israeli Threat By Test-Launching Ballistic Missile

May 26, 2023 at 06:44 | Editorial Dept

Politics, Geopolitics & Conflict Iran’s response to an Israeli threat to take unspecified action against Tehran’s nuclear program was to test-launch a ballistic missile on Thursday, demonstrating a 2,000-km range…

A U.S. Default Is Unlikely, But So Is An Oil Rally

May 26, 2023 at 06:41 | Editorial Dept

This week, as the deadline for reaching an agreement on raising the US debt limit approached, the ratings agency Fitch announced that they were placing the AAA debt rating of…

Putin Has Lost Control Of The Wagner Group

May 26, 2023 at 06:39 | Editorial Dept

Putin has failed to temper Prigozhin, the head of Russia’s private mercenary group, Wagner. In fact, Prigozhin is now becoming a global household name, finding himself in the…

Norway’s Oil Fund Will Vote For More Climate Action From Exxon And Chevron

May 26, 2023 at 05:19 | Tsvetana Paraskova

Norway's sovereign wealth fund, the largest in the world, will vote in favor of climate resolutions at Exxon’s and Chevron’s annual general meetings next week asking the U.S. oil supermajors…

Oil Prices Retreat On Mixed Messages From OPEC+

May 26, 2023 at 03:18 | Irina Slav

Crude oil began trade on Friday with a slight decline as traders weighted mixed messages from the two biggest members of OPEC+. Earlier in the week, prices jumped following comments…

Germans Are Outraged About The Country's Oil And Gas Boiler Ban

May 26, 2023 at 01:32 | Irina Slav

Germans are criticizing a government plan to ban oil and gas boilers and replace them with heat pumps, arguing it is happening too fast and is going to cost a…

Asia Is Keeping Russian Energy Profitable, But For How Long?

May 25, 2023 at 11:07 | Haley Zaremba

All of Europe’s efforts to slap sanctions on Russian oil and gas may have been in vain. While the European Union has shown considerable success in weaning itself off of…

Top Russian Miner Now Receives Half Of Its Revenue In Asia

May 25, 2023 at 10:41 | ZeroHedge

The US and its G7 partners have slapped more than 300 economic sanctions on Russia since the invasion of Ukraine over a year ago. Initially, Washington and Brussels…

Food Crisis Follows Energy Crisis In Europe

May 25, 2023 at 10:30 | Irina Slav

Last year, Europe was in the grips of a gas crunch that sent the price of electricity—and everything produced with its participation—soaring. Then the crisis eased, thanks in no small…

Lithium Market Faces Turbulent Years

May 25, 2023 at 10:12 | Ag Metal Miner

By Sohrab Darabshaw via AGMetalminer.com Lithium, a crucial component in electric vehicles (EVs), seems to be the metal of…

Russia’s Deputy Prime Minister Sees Brent Oil Price Above $80 At Year-End

May 25, 2023 at 07:48 | Tsvetana Paraskova

Brent Crude prices are set to be slightly higher than $80 per barrel at the end of this year, thanks to rising demand in the summer and production reductions from…

Oil Prices Stuck Between Debt Ceiling Uncertainty And More OPEC+ Cuts

May 25, 2023 at 02:57 | Irina Slav

Crude oil prices began to trade on Thursday with little change from Wednesday’s close as opposing forces kept them stable. On the one hand, fear of a U.S. debt default…

Is Lithium Set For Another Bull Run?

May 24, 2023 at 15:41 | Ag Metal Miner

By Stuart Burns via AGMetalminer.com A recent Reuters post detailed how a super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal…

Alaska: An Unlikely But Eager Transition Candidate

May 24, 2023 at 15:05 | Charles Kennedy

Alaska is one of the oldest oil-producing regions in the United States. Just recently, the public was reminded of that when the Biden administration approved a new, sizeable oil project…

U.S. Natural Gas Prices Climb Nearly 3% On Robust Demand

May 24, 2023 at 09:18 | Charles Kennedy

Cooler temperatures this week and a dip in available wind power this month are boosting the demand outlook for June for U.S. natural gas, leading to nearly 3%…

The Problem With Converting CO2 Back Into Fuel

May 24, 2023 at 09:15 | Brian Westenhaus

Helmholtz-Zentrum Berlin für Materialien und Energie researchers are working through the clogging problem in CO2 electrolysis. The greenhouse gas

European Natural Gas Prices Drop To The Lowest Level Since 2021

May 24, 2023 at 07:24 | Tsvetana Paraskova

Benchmark natural gas prices in Europe continued to fall on Wednesday, extending several weeks of losses amid weak demand in the spring and higher-than-normal inventories after the end of the…

S&P Global Warns That A U.S. Default Would Wreak Havoc On Global Energy Markets

May 24, 2023 at 02:16 | Irina Slav

A debt default by the U.S. federal government would shake up the global energy market, S&P Global Commodity Insights has warned, adding, however, that the chance of that happening was…

Can Prosperity Growth Go Together With Net-Zero Goals?

May 23, 2023 at 17:37 | Tsvetana Paraskova

U.S. power use per capita is high, in fact, much higher than in most developed economies, and further growth in prosperity will likely lead to even higher electricity consumption The…

U.S. Extends License To Operate In Venezuela To Oilfield Services Companies

May 23, 2023 at 14:26 | Julianne Geiger

The United States has renewed a license that will extend the authorization to select oilfield services companies to keep assets in Venezuela. The license does not allow the companies to…

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