Iraq is to receive 50mn m³/d of gas from Iran during the four summer months, a supply it will remain reliant on for 5-10 years depending on finding alternatives, Iraq’s minister of electricity Adel Karim […]
The IEA has kept its forecast for global oil demand this year unchanged at a level above its estimate of current supplies, but said with risks to its forecast “likely to the downside”, there is […]
Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]
U.S. gasoline futures, pump prices hit all-time highs WTI rises for third week, Brent down for first week in three EU embargo could take 3 mln bpd of Russian oil offline -Rystad Global stock markets […]
(Bloomberg) — Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. The prime minister told […]
US natural gas production will grow materially this summer comparedi with summer 2021, outpacing increases in demand, according to the Natural Gas Supply Association’s 2022 summer outlook. The producer association’s summer outlook, released May 11, […]
Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported earnings per share of $1.49, which comfortably beat the Zacks Consensus Estimate of $1.12 and compared with a loss of 37 cents per share in the year-ago […]
A leaked draft version of RePower EU, the policy strategy designed to liberate the European Union from ties to Russian fossil fuel imports, includes no mention of energy storage. The draft, seen by Energy-Storage.news, is […]
The number of home microgrid communities is picking up, spurred by natural disasters, increasing energy prices and a desire to combat climate change. For example, energy costs were the main driver for the Silvies Valley Ranch outside […]
Ørsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders, Hollandse Kust West VI and VII, with the aim to achieve net positive impact on biodiversity and the […]
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