Ship recycling of bulkers, tankers, and container ships has dropped to the lowest level in 20 years over the past two years, according to the world’s largest international shipping association BIMCO. The organisation claimed that […]
The share of the fuel in the bloc’s overall imports amounted to 15% in 2023, calculations show The EU increased natural gas purchases from Russia in 2023, despite pledging to phase out all Russian fuel […]
Elon Musk’s EV giant is planning to set up $3 billion manufacturing unit in the country after the government relaxed import tariffs Tesla has moved closer to setting up a long-awaited manufacturing plant in […]
Just a few days ago, the Wall Street Journal published an appropriately titled editorial about “The Coming Electricity Crisis.”[i] The editorial contrasted the disconnect between the enormous increase in electricity demand due to such things as new energy-intensive […]
During the 2020 election, then-candidate Joe Biden campaigned on ending fossil fuels. Now, his administration’s decision made in January — a so-called “pause” on pending liquified natural gas (LNG) exports — comes during an election year yet […]
Russia’s leading natural gas and LNG exporters, Gazprom and Novatek, have taken the first tentative steps towards redirecting their sales volumes to the East as Moscow’s standoff with the West over the war in Ukraine […]
(Updated – April 3, 2024 10:31 AM EDT) Crude Inventory 3.21M Barrels vs 9.4K Expected Cushing -377K Gasoline -4.26M vs -453K Expected Distillate -1.27M vs -663K Expected Summary of Weekly Petroleum Data for the week […]
NEW YORK, April 3 (Reuters) – Oil prices settled at their highest levels since late October on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape, although a jump in U.S. crude […]
In a statement posted on its website recently, the U.S. Bureau of Ocean Energy Management (BOEM) announced the next steps in the national outer continental shelf oil and gas leasing program. “The Bureau of Ocean […]
The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.” This comes as gas prices are once again skyrocketing. Recall that Biden drained the SPR to its […]
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