Tag Archives: united states

Aramco health adds spice to Saudi yuan dilemma

The Saudi Aramco logo is pictured at an oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register LONDON, March 21 (Reuters Breakingviews) – Saudi Aramco (2222.SE) is giving Mohammed bin Salman some extra firepower in his fight against Joe …

Read More »

Aramco rises in times of crisis

Aramco rises in times of crisis Despite all the challenges such as oil price volatility, uncertainty caused by the ongoing Russian-Ukrainian crisis and the economic slowdown resulting from the pandemic, Saudi Aramco remains among the top performers in the energy league. The oil giant’s performance is evident in its 2021 …

Read More »

Portugal seeks to position itself as Europe’s ‘new gas gateway’ – EURACTIV.com

The European Union will find it difficult to reduce its dependence on Russian gas, but must do so to avoid possible supply shortages next winter, a Portuguese minister said on Wednesday March 16, adding that Portuguese imports of natural gas liquefied (LNG) could help. Russia supplies around 40% of the …

Read More »

‘It’s a fossil fuel war’: Ukraine’s top climate scientist speaks out

This story was originally published by the Guardian and is reproduced here as part of the Climate office collaboration. For Svitlana Krakovska, Ukraine’s top climate scientist, it was the week when eight years of work culminated in a landmark UN report exposing the devastation the climate crisis is causing around …

Read More »

The war in Ukraine accelerates the fall of the dollar

Last week, former New York Fed staffer Zoltan Pozsar sent shock waves through Wall Street as he last piece of researchhe hinted that following the war in Ukraine, which resulted in a “commodity collateral” crisis (and which is rapidly turning into an old fashioned liquidity crisis), the Chinese PBOC will …

Read More »

Britain’s Johnson urges Saudi Arabia to increase oil production, minister says

LONDON, March 14 (Reuters) – British Prime Minister Boris Johnson is trying to persuade Saudi Arabia to increase oil production, a senior minister said on Monday, following reports that Johnson is heading to the weight heavyweight from OPEC this week. Saudi Arabia and the United Arab Emirates have so far …

Read More »

Turkey could ‘easily’ send Israeli gas abroad: Dönmez

Israel’s natural gas could be “easily” transported abroad through Turkey’s pipeline network, Energy and Natural Resources Minister Fatih Dönmez said on Saturday. “We already have a national transport system on our territory. Some of the (Israeli gas) can be easily transferred from there,” Fatih Dönmez told private broadcaster CNN Türk. …

Read More »

Oil could experience its biggest supply shock since 1973

The global oil market was already tight before Russia’s invasion of Ukraine, but Putin’s war and its aftermath on Russian crude supply and energy prices has the potential to send the market into a shock. major supply chain comparable to the Arab oil embargo of 1973. Oil inventories in major …

Read More »

Bond investors left in the dark after some Russian borrowers repaid

Investors have been waiting for a wave of Russian companies to default on their debts since the West froze Moscow from the global financial system in retaliation for the war in Ukraine. So Gazprom’s decision to repay a $1.3 billion bond in full on Monday caught bondholders off guard. This …

Read More »

Staples: Alberta offers a way out of North America’s chaotic energy policy

Breadcrumb Links Politics national Columnists Energy security is the most burning domestic issue in the United States right now. Biden and his Democrats are reportedly considering importing more oil from dictatorships like Venezuela, Saudi Arabia and Iran. Publication date : March 09, 2022 • 57 minutes ago • 3 minute …

Read More »

Repercussions of the Russo-Ukrainian War on Africa

The transformation of the Russian invasion of Ukraine’s Donbass region into an all-out war on February 24 has raised global economic and security concerns. In this context, the reactions of African countries to the Russian intervention, how the Russian-Ukrainian war will affect Russia’s African policies, and general reflections of the …

Read More »

Political certainty protects Indian stocks from soaring oil prices: Morgan Stanley

Falling oil intensity in GDP and rising share of domestic investors are among other reasons, foreign consultancy says Despite an oil supply shock, Indian interest rates, currency and equities appear to be relatively calm for six main reasons, Morgan Stanley said. The global financial advisory firm has analyzed the probable …

Read More »

Oil prices rise as fears over Russian crude supply escalate

Oil prices continued to climb on Wednesday as markets braced for severe disruptions in crude supplies from Russia as Moscow’s invasion of Ukraine continues. The global benchmark, Brent crude, climbed as high as $113 a barrel on Wednesday, just days after breaking the triple-digit mark for the first time in …

Read More »

Wheat prices up 5% as Ukraine crisis threatens global supply chains

RIYADH: Saudi Arabia has announced the establishment of its first electric vehicle manufacturing plant in the country, with the government planning to ensure that 30% of all vehicles in the capital, Riyadh, run on electricity by 2030 . This is another step towards promoting a sustainable lifestyle in the Kingdom …

Read More »

What will happen if Russia cuts gas supplies to Europe?

Gas prices in Europe soared as Russia launch a military operation in Ukraine. Air raid mermaids sounded in the Ukrainian capital of Kiev last week as President Vladimir Putin ordered an attack on several cities – with missiles and troops sent into the country. Videos captured by eyewitnesses show long …

Read More »

Oil and gold prices jump, Russian central bank hikes rates as ruble falls – Business Live | Business

Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. The Russian ruble crashed more than 40% to a new all-time high against the dollar, oil prices jumped up to $7 a barrel and gold prices gained 1%, as financial markets opened for the …

Read More »

United States or Russia? The crisis poses a dilemma for the wealthy in the Gulf

Growing ties with Moscow are forcing Gulf states to strike a balance. UNITED ARAB EMIRATES: Choosing sides in the Ukraine crisis would once have been easy for Gulf states long protected by the United States, but growing ties with Moscow are forcing them to strike a balance. As the world …

Read More »

US sanctions against Russia affect defence, technology and finance | Russian-Ukrainian crisis

The White House has unveiled measures to isolate Russia from the global financial, technological and commercial system. The United States said it was imposing “tough” economic sanctions on Russia in response to President Vladimir Putin’s attack on Ukraine, aimed at crippling Russia’s economy, financial institutions and access to technology. US …

Read More »

Stop firing shots at Gazprom, Ukrainian gas boss tells EU – POLITICO

Press play to listen to this article It’s high time the EU stops avoiding a long-overdue legal showdown with Moscow’s gas export monopoly and shifts its energy investments away from Russia, the state gas company’s chief executive tells POLITICO Ukrainian Yuriy Vitrenko. Europe’s dependence on Russian gas is one of …

Read More »

Oil prices swing as Russia threatens Ukraine

Uncertainty sent oil prices soaring at Sunday’s trade open as more Russian troops massed on Ukraine’s borders, but fell later overnight as reports said the President Biden would consider direct talks with his Russian counterpart as long as Russia does not invade. Oil prices had remained essentially flat over the …

Read More »

russia: Explained: How much oil, gas and coal India imports from Russia

LONDON: As the Ukraine-Russia crisis escalates and threatens to ignite conflict in Europe, analysts warn there could be implications for Asia, where several countries depend on Russia for oil, gas and coal. Any invasion of Ukraine by Russian troops could trigger sanctions and retaliation that would disrupt the movement of …

Read More »

Chinese electric vehicle stocks fly again

Over the past few years, investors have been pumping money into electric vehicle startups and other green tech start-ups at a record pace, with many electric vehicle startups going public through the so-called SPAC deals. . Also known as blank check companies, special purpose acquisition companies are companies that do …

Read More »

Cabinet welcomes U.S. commitment to support Saudi Arabia

Riyadh — The Cabinet, chaired by the Custodian of the Two Holy Mosques, King Salman, at Al-Yamamah Palace here on Tuesday, commended the President of the United States for expressing the United States’ commitment to supporting Saudi Arabia in its defense of its lands and citizens and to meet the …

Read More »

DoorDash will raise fees against Slow McDonald’s

DoorDash Inc. is raising its fees for McDonald’s restaurants that prepare their orders too slowly, The Wall Street Journal (WSJ) reported on Monday (February 14th), a move aimed at improving the efficiency of the delivery platform and reducing its losses. The company had agreed to a lower base commission rate …

Read More »

Investing in natural gas boosts union jobs and lowers prices

As New England and the rest of the Northern Hemisphere face a harsh winter, with a dramatic tightening of energy supplies around the world, consumers brace for what will likely be lower gas bills, d electricity and heating high for the rest of the season. Boasting vast reserves of natural …

Read More »

Veteran bankers take renewable energy jobs

Seasoned bankers who have advised mega-deals in oil and gas are moving into renewable energy M&A advisory roles as the global energy industry becomes increasingly focused more about growing low-carbon companies. The global push towards cleaner energy and net-zero emissions has also created something of a transition dilemma for bankers. …

Read More »

Oil prices climb after API data shows surprise drop in US stocks

Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register API data shows US crude, fuel stocks falling – sources Iran nuclear talks resume Tuesday in Vienna …

Read More »

Vladimir Putin says he wants to see situation ‘peacefully resolved’ as Joe Biden threatens pipeline

RRussian President Vladimir Putin said he hoped the situation on the Ukrainian border “can be resolved peacefully”, after five hours of talks with his French counterpart Emmanuel Macron. Mr Putin denied that Russia was acting aggressively towards Ukraine or the West, saying: “We are not the ones heading towards NATO …

Read More »

Explanation: what happens to Europe’s energy if Russia acts?

Fears are growing about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then halt natural gas exports in retaliation for US and EU sanctions. The tensions show the risk of Europe’s dependence on Russia for energy, which provides around a third of the continent’s …

Read More »

Ukrainian town protests saying: ‘Kharkiv is Ukraine, stop Russian aggression’

REUTERS, KHARKIV, Ukraine Sun 6 Feb 2022 01:18 Last updated on: Sun 6 Feb 2022 01:23 People take part in the Unity March, which is a procession to demonstrate the patriotic spirit of local residents amid rising tensions with Russia, in Kharkiv, Ukraine February 5, 2022. REUTERS/Vyacheslav Madiyevskyy “> People …

Read More »

Putin unveils new gas deal with China’s Xi as Moscow clashes with West

Russia, already Beijing’s third-largest gas supplier, has strengthened its ties with China, the world’s largest energy consumer, reducing its dependence on its traditional European energy customers. “Our tankers have prepared very good new solutions on hydrocarbon supply to the People’s Republic of China,” Putin said during a meeting with Xi …

Read More »

The next big problem for US shale

U.S. oil producers are ramping up capital spending and activity this year, but they face runaway inflation as cost pressures mount. As oil production growth accelerated in the fourth quarter, costs jumped sharply for a third straight quarter to reach a record high among oil service companies “suggesting significant cost …

Read More »

US policy in Yemen is still wrong

Last week, Brett McGurk, the White House Middle East coordinator, summed up the millions of people suffering in Yemen in a false binary in which Washington did everything for peace. He claimed that the Houthi rebels in Yemen are responsible for the continuation of this seven-year conflict which has become …

Read More »

Russian natural gas production is expected to hit a record high this year

Russia’s natural gas production is expected to hit a record high this year, breaking the 2021 record, but this winter’s deliveries to Europe have been well below normal. In 2021, Russia’s natural gas production is expected to have risen 10% year-on-year to a record 762 billion cubic meters (bcm), the …

Read More »

How climate and the Nord Stream 2 gas pipeline underpin the standoff between Ukraine and Russia

As tensions simmer on the border between Ukraine and Russia, the Nord Stream 2 gas pipeline has become the emblem of the energy and climate issues underlying the conflict, even if it has not yet delivered a molecule of natural gas. Last week, the US State Department promised that Gazprom’s …

Read More »

Slower economic growth could weigh on commodity prices

Supply chain challenges and rising inflation are dampening global economic growth, with last year’s pace of expansion expected to slow this year and next, which could lead to lower demand of raw materials. If demand for commodities slows, prices could reflect moderating economies. That could happen before the end of …

Read More »

Hungary will seek more Russian gas amid energy crisis, says Orban

BUDAPEST, Jan 28 (Reuters) – Hungary will seek to increase the amount of gas it receives from Russia in talks with President Vladimir Putin next week, Prime Minister Viktor Orban said on Friday. Hungary, a member of the European Union and NATO, concluded a new long-term gas supply agreement with …

Read More »

The Hype Around Carbon Capture Is Causing Problems

After years of promoting carbon capture and storage (CCS) technologies as a mid-term solution to clean up fossil fuel production, many are now concerned about the caliber of CCS projects currently underway. As oil companies around the world rush to integrate CCS into their operations, to decarbonize without giving up …

Read More »

How Putin’s $11 billion pipeline divided NATO and the EU in times of crisis

The United States, United Kingdom, Ukraine and several European Union member states have fiercely opposed the pipeline since it was first announced in 2015, warning that the project would boost Moscow’s influence in Europe. According to experts, this in itself is a victory for Russian President Vladimir Putin. Kristine Berzina, …

Read More »

Saudi Arabia’s ambitious space program gives a taste of exciting collaborations to come

JEDDAH: Over half a century ago, Neil Armstrong and Buzz Aldrin became the first to set foot on the surface of the moon. Since this historic milestone, governments, scientists and now entrepreneurs have set their sights on more distant and ambitious goals. From Jeff Bezos’ forays into space tourism with …

Read More »

Oil may rise as Putin approaches Ukraine

Mike Waltz, R-Fla., speaks on Biden’s cancellation of U.S. pipelines and growing tensions at the Russia-Ukraine border. As Russian President Vladimir Putin moves closer to Ukraine, global energy markets face a potentially seismic event threatening a global economic downturn. Teleprinter Security Last Change Change % USO US OIL FUND LP …

Read More »

The absolute power of Australia’s new “Magnitsky Act”

Before anyone can be punished for a serious crime under Australian law, proof of guilt must generally be established by a court. That changed last year. On December 2, 2021, Foreign Secretary Marise Payne announced that Parliament had expanded its powers to make rulings against foreign individuals and entities suspected …

Read More »

Newsmaker: Abdulaziz Bin Salman — Crude and Covid, Volatility and Virus

The most fundamental law of economics is that of supply and demand. When supply is high, prices are low. And when demand is high, prices are high. The modern global economy, so interconnected and dependent on every component, has never really had to deal with the economic laws that have …

Read More »

Top German diplomat Baerbock in Moscow amid Ukraine standoff | News | DW

German Foreign Minister Annalena Baerbock is due to meet in Moscow on Tuesday, seeking to ease tensions as Russia prepares to invade Ukraine. Baerbock had spent the previous days in Kyiv, where she said Germany would “do everything to ensure Ukraine’s security”. She also said that any attack on Ukraine …

Read More »

Affordable, quirky art adds vitality and visual interest to a home: shop smart with these tips

Art dealer Heidi Lawrence calls it “going the loop”. Someone walks into her Lake Oswego gallery, nods when she says hello, then slides in to look at the paintings, sculptures and art glass. A card next to each piece has the price and description. When the visitor repeats a loop, …

Read More »

Geopolitical risks to watch this winter

By Editorial Dept – January 14, 2022, 12:30 PM CST A single attack on oil at this point could push prices up to $90, but that will depend on where it is. Markets will weigh more heavily on some geopolitical sentiments than others. And there’s plenty to choose from right …

Read More »

OPEC Plus and other oil producers fail to meet demand

Nearly two years ago, global oil producers halted and drastically reduced production as the pandemic gripped global economies. The sharp decline was accompanied by an implicit promise that as factories reopen and planes return to the air, the oil industry will also rebound, gradually ramping up production to help economies …

Read More »

China is the only winner in this huge Iraqi oil field

Iraqi Petroleum Minister Ihsan Abdul Jabbar’s statement last week that the newly resurrected Iraqi National Oil Company (INOC) has received government approval to acquire ExxonMobil’s 32.7% stake in the oil field supergiant West Qurna 1 for up to $ 350 million is likely to leave China elated, the United States …

Read More »

Cold weather in North Dakota and Alberta forces oil producers to curb production

Regional prices for crude oil pumped in western Canada and North Dakota rose this week to reduce their rebates against the U.S. benchmark, WTI crude, after freezing winter temperatures upset prices. Crude flows from the oil sands in Alberta and the Bakken shale deposit in the United States. While freezing …

Read More »

Crude Oil Market Size 2022-2028 Industry Share, Growth Analysis, Regional Demand, Major Manufacturers – Gulf Oil, Saudi Aramco, Chevron Corporation, Shell, Suncor Energy

The Crude Oil Market Report is a perfect basis for people looking for a comprehensive study and analysis of the Crude Oil Market. This report contains diverse study and information that will help you understand your niche and key market channel concentration in the regional and global Crude Oil market. …

Read More »

2021 Solid Sulfur Market Size Analysis by Major Key Players

New Jersey, United States, – The Global Solid Sulfur Market report comprises the in-depth analysis which covers key regional trends, market dynamics, and provides the market size at the national level of the market industry. Some major aspects considered during the research included product description, product classification, industry structure, various …

Read More »

F / A-18 Hornets strengthen US presence in Saudi Arabia

Marine Fighter Attack Squadron 115, or VMFA-115, the “Silver Eagles”, has deployed its F / A-18C / D Hornet fighters to Prince Sultan Air Base in central Saudi Arabia to bolster the continued presence. of the United States Central Command (CENTCOM) in the country. The arrival of the United States …

Read More »

Our Opinion: Cyber ​​Attacks Disrupt the State | News, Sports, Jobs

A recent Pittsburgh Post-Gazette article detailed a disturbing trend: Pennsylvania led the United States in data loss in 2020. These cyber attacks disrupted and in some cases completely disabled the functioning of health systems, gas pipelines, colleges and government offices. According to the report, in 2020 at least 116 victims …

Read More »

Will the European energy crisis put the climate on hold?

Will the European energy crisis put the climate on hold? Gazprom’s gas flows to Europe in December hit their lowest point of the month in at least six years, with supplies up 12% mthn but down 19% yoy. Gazprom’s monthly exports – Europe Since September, Gazprom has significantly reduced its …

Read More »

Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic

LONDON: Greta Thunberg’s bitter sacking of world leaders for their promises to fight global warming as ‘blah, blah, blah’ was not what it turned out, too far off target in 2021. Despite serious commitments from Washington to Beijing to reduce fossil fuel consumption and reduce global heating emissions, demand for …

Read More »

Steel Pipe Oil And Natural Gas Drilling And Transmission Market Recent Developments And Emerging Trends Until 2027

Growth Forecast Report on ‘Market Size of Oil and Natural Gas Drilling and Transmission Steel Pipe | Industry segment by applications (drilling, transmission, regional and country level analysis, the oil and natural gas drilling and transmission market is analyzed and market size information is provided by regions (countries) ., Key …

Read More »

2021 was the year of the collision of energy strategies

The past year has been marked by a visible and accelerated energy transition, as politicians and investors have focused more than ever on climate change and ways to slow global warming. But a flexible White House energy policy and OPEC market control have proven fossil fuels aren’t going away anytime …

Read More »

Activists demand an immediate end to oil production

Europe may be in the throes of an energy shortage and forced to reopen retired coal plants to cope, but climate activists insist it’s time to part with fossil fuels , the earliest would be best. According to them, this is a simple solution to the emissions problems in the …

Read More »

Yemen calls on UN Security Council to hold Saudi Arabia and its arms suppliers to account for devastating war

Yemeni National Salvation Government Foreign Minister Hisham Sharaf Abdullah called on the UN Security Council to hold Saudi Arabia and its arms suppliers to account in accordance with international law for their crimes of war in this Arab country in crisis. Abdullah, in identical letters to rotating Security Council President …

Read More »

Gulf economies headed for budget surpluses with some help from oil

Apart from the financial reforms and the volume of non-oil investments announced by the GCC countries, the growth of the oil and non-oil sectors will exceed recent forecasts. Image Credit: Pixabay / Gulf News What would be the Gulf’s economic prospects for 2022? This is a question asked by everyone, …

Read More »

Saudi Arabia appears to be building its own ballistic missiles with help from China

Saudi Arabia is building its own ballistic missiles with help from China, according to US intelligence assessments and satellite images. The assessment of the American intelligence agencies is that the kingdom, which would have long acquired missiles in Beijing, is now manufacturing its own, according to a source familiar with …

Read More »

Europe’s missteps fuel gas prices, Russia says as fuel flows east

A view shows the gas wells of the Bovanenkovo ​​gas field owned by Gazprom on the arctic peninsula of Yamal, Russia, May 21, 2019. REUTERS / Maxim Shemetov Register now for FREE and unlimited access to Reuters.com Register The price of gas in Europe hit a record high this week, …

Read More »

Oil rallies amid reduced fears of Omicron-induced drop in demand

Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, USA, April 27, 2020. REUTERS / Adrees Latif / File Photo Register now for FREE and unlimited access to Reuters.com Register Two antiviral pills for COVID-19 approved in the United States Exxon …

Read More »

Putin on NATO, Ukraine, gas, COVID and the Russian economy

Russian President Vladimir Putin attends his annual year-end press conference in Moscow, Russia on December 23, 2021. REUTERS / Evgenia Novozhenina Register now for FREE and unlimited access to Reuters.com Register MOSCOW, December 23 (Reuters) – Russian President Vladimir Putin gave his annual press conference on Thursday. Read more Putin …

Read More »

SOUTH KOREA DATA: November crude imports increase but short-term throughput is under pressure

Strong points First quarter spot crude purchases expected to drop amid fragile demand U.S. crude imports increase year-over-year for 8th consecutive month Refiners continue to find Middle East crude prices expensive South Korea’s crude oil imports in November were up 14.2% from a year earlier, as local refiners increased their …

Read More »

Russian gas exports to Europe via the Yamal pipeline drop sharply

LONDON: Oil prices fell on Friday, heading for a slight decline during the week, amid fears that the slowdown in the spread of the omicron COVID-19 variant could affect demand. Brent crude futures fell 1.5% to $ 73.88 a barrel at 1:10 p.m. Riyadh time, while U.S. West Texas Intermediate …

Read More »

US demands higher safety standards for more pipelines | Michigan News

By JOHN FLESHER, AP Environmental Writer TRAVERSE CITY, Mich. (AP) – New federal regulations require stricter safety standards for pipelines transporting oil and other dangerous liquids through the Great Lakes region, coastal waters and beaches, said Thursday responsible. The rule issued by the United States Pipeline and Hazardous Materials Safety …

Read More »

Saudi Arabia resets foreign policy, economy and society – lessons for Pakistan

As America’s influence weakened in Afghanistan and Iraq following its withdrawal, the Kingdom of Saudi Arabia (KSA) is well positioned to play a notable role in the greater Middle East. The unprecedented meeting of OIC Foreign Ministers on December 19 in Islamabad is being held at Riyadh’s request on one …

Read More »

Omicron Covid variant to reduce global oil demand, IEA says

A tanker truck drives past oil well pump jacks operated by Chevron Corp. in San Ardo, California, United States, on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil demand is expected to fall below expectations next year, the International Energy Agency said on Tuesday, as …

Read More »

As New York City plans to ban gas connections to buildings, fight against North Brooklyn pipeline continues: Bushwick Daily

This week, the New York City Council is expected to pass a bill banning gas hook-ups in new buildings, a big step towards electrifying New York City. Twenty-nine of 51 city council members sponsored the bill, which would effectively eliminate all gas stoves, gas ovens, and gas water heaters in …

Read More »

Oil prices post their biggest weekly increase since August

The general view shows the Cadereyta refinery of the Mexican state oil company Pemex, in Cadereyta, on the outskirts of Monterrey, Mexico, on April 20, 2020. REUTERS / Daniel Becerril / File Photo Register now for FREE and unlimited access to reuters.com Register Brent and WTI post biggest gains in …

Read More »

Saudi Arabia, Kuwait Work To Increase Khafji And Wafra Oil Production

Oil heads for biggest weekly gain in four months as OPEC + exit decision is warranted LONDON: Oil prices rose on Friday and were heading for their strongest weekly advance since late August, as investors became less concerned about the potential effect of the omicron COVID-19 variant on economic growth …

Read More »

Instagram tries to change image with modified algorithms

This article is an on-site version of our #techFT newsletter. Sign up here to receive the full newsletter straight to your inbox every day of the week Instagram chief Adam Mosseri’s revelation to Congress that the app planned to offer a chronological stream of photos and videos again made as …

Read More »

Energy transfer increases natural gas and petroleum capacity with licensing acquisition completed

Dallas-based Energy Transfer LP owns and operates an additional 14,000 miles of gas and oil pipelines in Arkansas, Louisiana, Oklahoma and Texas after completing its merger earlier this month with Enable Midstream Partners LP. The $ 7.2 billion merger, first announced in February, strengthens intermediate transportation and gas systems in …

Read More »

Oil prices drop as investors wait for Omicron’s impact assessment

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Register now for FREE and unlimited access to reuters.com Register Biden warns Putin of sanctions, Nord Stream 2 disruption if Russia invades API …

Read More »

Is shale gas a game-changer for Saudi Arabia?

The first major contracts for Saudi Arabia’s Jafurah field – allegedly the largest shale gas field outside the United States – were awarded last week, as the Kingdom aims to become the third largest gas producer natural to the world by 2030, to the point where it could even become …

Read More »

Natural gas bulls hit hard by warm weather reports

U.S. natural gas futures were down for the fourth session on Thursday, quickly falling into a bear market as bullish bets evaporate in warmer weather. Sentiment in the US natgas markets looks a lot like 2018/19 when the so-called “widower” spread widened and then quickly tightened, leading to the explosion …

Read More »

OPEC was in decline. Soon he might be more powerful than ever

But with the demand for crude rising as the impact of the pandemic wears off, that no longer appears to be the case. OPEC +, which brings together the Organization of the Petroleum Exporting Countries and allies like Russia, is once again showing dynamism. the group refusal of membership calls …

Read More »

Utah joins 14 other states in banking boycott of coal, oil and gas

An undated image of oil drilling in the United States The Utah treasurer and auditor signed a letter in November asking US banks to avoid “boycotts” of financing for coal, oil and gas projects. (Thaiview, Shutterstock) Estimated reading time: 5-6 minutes SALT LAKE CITY – The Utah treasurer has said …

Read More »

Saudi justice ministry praises female employees

Online platform for research chairs hailed as key development for Saudi universities MAKKAH: The recent launch of an online platform for research chairs in universities in Saudi Arabia is an innovative step, experts said, which aims to improve the management of research and innovation in Saudi universities and encourage the …

Read More »

Polymer Modified Bitumen Market Size Expected to Grow by USD 2.73 Billion | Global increase in road construction activity to drive growth

NEW YORK, November 29, 2021 / PRNewswire / – Polymer Modified Bitumen Market Size Expected To Grow By $ 2.73 billion from 2021 to 2026, according to Technavio. This report offers up-to-date analysis regarding the current global market scenario and the overall market environment. Attractive Opportunities in Polymer Modified Bitumen …

Read More »

CER publishes regulatory decision on main contracts

CALGARY, AB, November 26, 2021 / CNW / – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today received a decision from the Canadian Energy Regulatory Authority (CER) regarding the commercial proposal of the Company to offer transportation contracts on its main pipeline system, which moves approximately 3 …

Read More »

IMF describes Ukraine’s losses from Operation Nord Stream 2

Once Nord Stream 2 is operational, Ukrainian transit revenues could drop to $ 1.2 billion per year. “Over the past five years, Ukraine has received on average just over US $ 2.5 billion per year in exchange for making its pipelines available to Gazprom. In 2021, transit costs are expected …

Read More »

Munga-Thirri-Simpson Desert Declared Australia’s Largest National Park After 10-Year Campaign | South australia

The Munga-Thirri-Simpson Desert has been declared Australia’s newest and largest national park after a decade-long campaign to protect the region from exploration by fossil fuel companies. The desert stretches as far as Queensland and the Northern Territory, but the area covered by the new national park lies in the Lake …

Read More »

Prepare for volatility in natural gas markets

U.S. natural gas price volatility is expected to continue over the next several weeks and into the winter as a number of up and down factors will alternate to affect market sentiment and prices. Record US exports of liquefied natural gas (LNG) are expected to support the benchmark price of …

Read More »

Our fight against climate change begins with the export of American natural gas to replace coal

GLASGOW, SCOTLAND – NOVEMBER 02: US President Joe Biden speaks during action on forests and land … [+] Use the event on day three of COP26 on November 2, 2021 in Glasgow, Scotland. 2021 will see the 26th United Nations Climate Change Conference. The conference will run from October 31 …

Read More »

LNG Tanker Rates Hit All-Time Highs Due to Growing Demand

Asia is sourcing liquefied natural gas (LNG) to avoid a repeat of last winter’s crisis when colder than usual temperatures sent LNG spot prices in winter 2020/2021 to record highs. Today, prices are even higher, but many Asian buyers are still in the spot market despite the high price of …

Read More »

The energy freakout in Europe – POLITICO

Press play to listen to this article There is a leak on camping stoves on Spain’s Balearic Islands, while a key energy analyst says there could be gas shortages. This is proof that Europe’s energy emergency is not over. Energy prices have climbed to the top of the political agenda …

Read More »

The energy crisis in Europe will worsen this winter

Geopolitics ExxonMobil and Qatar Petroleum are several weeks away from a resumption of exploratory drilling off Cyprus, while the French Total SA and the Italian Eni should resume drilling in the same area in the first half of 2022. This update of the Drilling from the Cypriot government prompted a …

Read More »

Column: US oil drilling set to accelerate in 2022: Kemp

Oil rigs are pictured in the Kern River oilfield in Bakersfield, Calif., November 9, 2014. REUTERS / Jonathan Alcorn / File Photo John Kemp is a market analyst at Reuters. The opinions expressed are his LONDON, Nov. 17 (Reuters) – U.S. shale producers have added additional drilling rigs much slower …

Read More »

Global Natural Gas Pipeline Market Financial Insights 2021, Company Growth Strategies, Trends

The World Report Gas pipeline market has been provided by researchers for a detailed understanding of the market performance over an estimated period of 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better insight into this report. This brief description contains a …

Read More »

Oil Rises on Tight Stocks, Demand Concerns Limit Gains

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS / Christian Hartmann / File Photo Brent and WTI rise, but demand concerns could limit gains Trafigura CEO Weir sees “very, very tight” oil market Oil price rally should …

Read More »

Saudi PIF nearly triples holdings of US equities; adds Walmart, Pinterest

DUBAI, Nov. 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of listed shares in the United States to $ 43.45 billion in the third quarter, adding shares of the Alibaba group, Walmart (WMT.N) and Pinterest (PINS.N). Its holdings of U.S.-listed stocks …

Read More »

Saudi Arabia denies playing climate saboteur in Glasgow

GLASGOW, Scotland: The tightest of smiles on his face and the fabric of his traditional thobe swirling around him as he walks through a hallway during UN climate talks, the Saudi Energy Minister voices his shock at repeated complaints that the world’s largest oil producer is working behind the scenes …

Read More »

When it comes to transmission, and greater authority from FERC in general, be careful what you want

The following is an article written by Michael McKenna, president of MWR Strategies, who advises utilities, traders and transportation companies. McKenna previously served as Deputy Director of the White House Office of Legislative Affairs under Donald Trump and advised the President on energy, environmental and other matters. While some in …

Read More »

Updates from COP26 as the climate summit enters its second week in Glasgow

Our blog closes for the day, see you tomorrow As former US President Barack Obama continues to address delegates to the COP26 summit, our live blog ends for today. See you tomorrow and thank you for following our updates. – Holly ellyatt 9:15 am: Former US President Obama Says “Time …

Read More »

Jadwa expects Saudi deficit to narrow in 2021 as oil prices hit multi-year highs

International tourism body to work with new Saudi sustainability center as it pushes for net zero carbon roadmap Travel industry launches “net zero roadmap,” the head of the World Travel and Tourism Council (WTTC) told Arab News, adding that the organization would work closely with the new sustainability center of …

Read More »

Nothing certain at the TP52 World Championships >> Scuttlebutt Sailing News

Mallorca, Spain (November 4, 2021) – Seemingly infallible consistency, with the peloton returning a pair of second places and Phoenix a pair of thirds, see German and South African TP52s stranded in a three-way fight with the United States. Sled for the Rolex Title of world champion TP52. After six …

Read More »

Biden helpless as OPEC + meets in Vienna

Tension between Washington and OPEC + oil producers is mounting as the cartel meets today in Vienna to discuss its agreement to control production. For now, all signals from OPEC + indicate that it is unwilling to add more barrels to the global supply despite calls and demands from the …

Read More »

With shale under control, Saudi Arabia and Russia become more comfortable with oil rally

A sticker shows crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, USA, November 22, 2019. REUTERS / Angus Mordant / File Photo OPEC + has pushed back US calls for faster production increases Russian source claims OPEC + is not …

Read More »