Commodities
It isn’t OPEC if it isn’t drama. Yet, what’s playing out now on the stage of this expanded 23-nation coalition of oil producing countries that calls itself OPEC+ is too much drama – even for […]
Month: July 2021
ENB Pub Note
Sea freight prices are surging to record highs and the world shipping industry is in crisis. This will hit your wallet hard
A recent boom in seaborne trade has left the world shipping industry scrambling to keep up with demand. With so much business, transportation companies can charge almost whatever they want—and since they’re already struggling to […]
Natural Gas
Gazprom holds back exports via Ukraine, pressing case for Nord Stream 2
MOSCOW: Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting for the Nord Stream 2 pipeline […]
Commodities
OPEC+ seeks consensus on oil output policy after UAE roadblock
LONDON/DUBAI/MOSCOW, – OPEC+ resumes talks on raising oil output on Friday after the United Arab Emirates blocked a deal the previous day, creating a standoff that could delay plans to pump more oil through the […]
Fossil
Putin Great Power Chess Move as Russia eyes Mongolia as shortcut to China for supplying natural gas
Moscow: Mongolia, land-locked between two countries — Russia and China, could soon serve as an important transit country for Russian natural gas and its related supply chains, reported Asia Times. Once completed, the Soyuz Vostok gas pipeline will become […]
Electrical Generation / Utilities
Hoover Dam reservoir at record low water levels, raising concerns about hydroelectric power bound for SoCal
Amid a prolonged drought in the West, the reservoir created by the Hoover Dam sunk to its lowest level ever last month — and that’s raising concerns about reduced output from the dam’s hydroelectric plant, […]
Crude Oil News
Nigeria’s Buhari Concerned About New Threats to Bomb Oil Assets
Nigerian President Muhammadu Buhari expressed concern about new threats by the militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in the West African nation. Buhari’s statement, made through a spokesman, […]
Electrical Generation / Utilities
Transcorp Energy Plans Nigeria’s First Nuclear Power Plants
Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity. The plants will […]
Electrical Generation / Utilities
India poised to become a wind export hub
India’s electricity demand is projected to grow at 9.9% yearly towards 2025 driven by its sheer size and economic growth. The demand dipped temporarily in 2020 due to Covid-19 induced lockdowns, but it not only […]
Electrical Generation / Utilities
Solar power, federal infrastructure funding and Colorado’s renewable-energy future
With a number of environmental groups calling for bolder action by the Biden administration on climate change, U.S. Energy Secretary Jennifer Granholm visited Colorado on Thursday to promote the investments a bipartisan bill makes in […]