LINFEN, China — Desperate to meet its electricity needs, China is opening up new coal production exceeding what all of Western Europe mines in a year, at a tremendous cost to the global effort to […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, Winter Fuels Outlook, October 2021 In our latest Winter Fuels Outlook, we expect higher heating oil prices and a slightly colder winter compared with last year will contribute to households across […]
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s […]
Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where prices are among the cheapest in the world, amid a dash to replenish supply before the winter. Firms in China and […]
Coal stockpiles at U.S. power plants plunged to the lowest in at least 24 years as electricity generators burn the fuel faster than miners can dig it out of the ground. Inventories fell to 84.3 […]
Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]
The global energy shortage has prompted India to ask Qatar, the world’s biggest supplier of liquefied natural gas, for around 50 cargoes it deemed too expensive six years ago. State-linked importer Petronet LNG Ltd. asked Qatargas to […]
Brent oil declined from its highest level in seven years as a U.S. industry report pointed to an increase in crude stockpiles and China unleashed measures aimed at stabilizing its power supplies for the winter. […]
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But […]
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