Ordinance would prohibit new oil and gas extraction and phase out existing extraction operations Last week the Los Angeles City Planning Department released a draft ordinance that would prohibit new oil and gas extraction, phase […]
BP Plc is seeking to get rid of its oil assets in Mexico amid a shift in its business strategy toward renewable energy and a challenging political climate in the energy sector in the country. […]
The hype around the Inflation Reduction Act of 2022, also known as the Manchin-Schumer bill, has been extraordinary. On Aug. 8, New York Times opinion columnist Paul Krugman published a piece headlined “Did Democrats Just Save Civilization?” […]
Crude oil futures were lower in mid-morning Asian trade Aug. 16, extending steep declines from the overnight session, after the release of data showing economic activity weakening in China and the US and as investors […]
(Reuters) – With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth […]
OSLO, Aug 15 (Reuters) – Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offshore […]
There are several reasons to be short crude oil currently – economic recession in the U.S. and looming recessions in Europe, ongoing lockdowns in China, the vested interest of the U.S. in keeping oil below US$75 per barrel of […]
FRANKFURT, Aug 16 (Reuters) – Germany signed a memorandum of understanding (MoU) on Tuesday with the country’s top gas importers to safeguard the supply of two floating liquefied natural (LNG) gas terminals it needs to […]
US shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows. Many shale operators offset […]
BERLIN, Aug 16 – Germany’s gas consumption fell significantly in the first half of 2022, even when differences in weather were taken into consideration, said power industry association BDEW on Tuesday. Germans consumed nearly 15% […]
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