The global spike in energy prices and China’s crackdown on power consumption look set to create more losers than winners in Asian equities as production costs surge and output takes a hit. Chinese stocks dominate […]
(Reuters) – Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on […]
Participants in China’s carbon market expect 5 billion tons of emissions allowances to be issued around October, a move that will help kick-start what has so far been moribund trading. The allowances are expected to […]
Source: U.S. Energy Information Administration, State Energy Data System In 2019, the top six primary energy-producing states—Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota—accounted for 55 quadrillion British thermal units (quads), or 55% of all of […]
Lukoil PJSC, Russia’s second-largest oil producer, has enough spare capacity to restore output to pre-pandemic levels, indicating that OPEC+ cuts haven’t had any significant impact on its production potential. The company has about 90,000 barrels a […]
A few weeks back I wrote a story that proposed that we all quit talking about so-called “peak oil” demand since, according to various sources, the world has not yet even managed to achieve “peak coal” […]
Source: U.S. Energy Information Administration, Annual Electric Generator Report and Monthly Update to the Annual Electric Generator Report In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was […]
Leading into COP26 climate negotiations, China announced a new goal of net-zero emissions by 2060 including reaching 1,200 gigawatts (GW) total wind and solar by 2030, more than doubling current capacity. But despite this pledge, China continues […]
‘The market hasn’t exactly cheered BHP Group’s proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal. A point of […]
There is so much unwanted gas coming out of American coal mines — those that still produce coal and even those that have long quit — that federal data suggests it outpaces the carbon emissions […]
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