Imports of the fuel declined due to lack of foreign exchange Africa’s largest crude producer yet to tap huge gas reserves Nigerians are turning to the use of firewood and charcoal for cooking due to […]
Source: CNBC Oil and natural gas prices have leaped globally in the last three months. Former U.S. Secretary of Energy Rick Perry said $100 oil within next six months is possible. “The potential for disaster […]
Source: U.S. Energy Information Administration and Bloomberg The price of U.S. benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020. Because of the economic […]
Some of the world’s largest wind-turbine producers expect another tough year ahead. Surging commodity prices and supply-chain headwinds are set to last into next year, according to Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy […]
ENB Publishers Note: This article originally was posted on Bloomberg, and it is worth noting that there are some key geopolitical items that need explaining. Nord Stream 2 pipeline was unapproved by the European Union, […]
An energy crisis in two of Asia’s key economies that caused power shortages, sent fuel prices surging and risked slowing growth is beginning to ease, though bitter winter weather will pose further challenges. Supplies of […]
Oil gained as investors turned their attention to a key OPEC+ meeting, with the group facing calls from consumers to pump more crude. Futures in New York rose back above $81 a barrel, with the […]
Global oil demand has already exceeded the threshold of 100 million barrels per day (bpd) last seen before the pandemic, supermajor BP estimates. Demand will continue to increase and reach pre-COVID levels at some point […]
Russia kept Europe’s energy markets on edge after Gazprom PJSC declined to book more pipeline capacity later this winter when freezing temperatures will buffer the region. While President Vladimir Putin has said his country is […]
Source: U.S. Energy Information Administration, Heating Oil and Propane Update The average U.S. residential price of propane reached $2.59 per gallon (gal) as of October 4, 2021, the highest price reported for the first week of the […]
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