Brent rallied, nearing the key $80-a-barrel mark, on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as much as 2.3% to the highest level in […]
China’s oil consumption could peak in five years at a daily level of around 16 million barrels, a senior Sinopec executive has forecast, as quoted by Reuters. Ma Yongsheng, acting chairman of the state oil major, also […]
Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the […]
There is a buzz in the gas market, the likes of which has not been seen for a number of years. In the space of a year, we have moved from an expectation of plentiful […]
Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids (HGL) hub, increased to an average of $1.33 per gallon (gal) during the week ending September 24, 2021, the […]
The International Energy Agency called on Russia to supply more natural gas to Europe, saying the energy crunch was an opportunity for the country to show it’s a “reliable supplier.” Russia is meeting is contractual […]
HELSINKI: Finnish oil refiner and biofuels maker Neste on Thursday said it expects to be able to produce 1.5 million tonnes of biofuel annually for the aviation industry by end of 2023 versus about 100,000 tonnes currently. […]
China banned on all crypto transactions and vowed to root out mining of digital assets, delivering the toughest blow yet to the industry. Crypto-related transactions will be considered illicit financial activity, including services provided by […]
Source: U.S. Energy Information Administration, Natural Gas Monthly and Short-Term Energy Outlook (STEO) Based on our September Short-Term Energy Outlook, we expect industrial sector natural gas consumption to rise throughout 2021 and to exceed pre-pandemic 2019 levels. We forecast the growth […]
NEW YORK, Sept 22 (Reuters) – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a […]
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