A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional market in years, sending prices for competing barrels spiraling. […]
The US government leveled July 6 new sanctions targeting international companies facilitating Iran’s oil and petrochemicals exports to east Asia, in the latest sign of pressure to return to the nuclear deal. The sanctions freeze […]
Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC’s David Faber in an […]
Pakistan’s energy crisis is expected to draw out for months following another botched effort by the South Asian nation to import liquefied natural gas (LNG), reported Bloomberg. Stephen Stapczynski, a Singapore-based Bloomberg reporter who covers […]
Last week, BP released its annual Statistical Review of World Energy and the report shows, yet again, that electricity is the world’s most important and fastest-growing form of energy. In 2021, global electricity generation grew by a […]
South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) has received two orders for the construction of a total of ten liquefied natural gas (LNG) carriers. The orders have a combined value of KRW 2.87 […]
The first commercial sand-based thermal energy storage system in the world has started operating in Finland, developed by Polar Night Energy. Polar Night Energy’s system, based on its patented technology, has gone online on the […]
Sri Lanka has run out of fuel and is facing the worst economic crisis in decades. A chemical fertilizer ban in 2021, part of an initiative to cut nitrogen waste and implement greener farming practices, […]
Just a quick recap on the never-changing rules of the world. The three things that any functioning country must have an ample supply of are food, water and energy. Those are the fundamental necessities of life— […]
Fossil fuels–petroleum, natural gas, and coal–accounted for 79% of the 97 quadrillion British thermal units (quads) of primary energy consumption in the United States during 2021. About 21% of U.S. primary energy consumption in 2021 […]
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