Global energy demand and energy-related carbon emissions will continue to rise through 2050, with oil remaining the largest energy source just ahead of surging renewables, the US Energy Information Administration said Oct. 6 in its […]
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and […]
With winter fast approaching and a stunning energy price surge pummeling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower. On a chaotic day […]
China is struggling with widespread power shortfalls, dealing a blow to the recovery of the second-largest economy and risking disruption to global supply chains and heightened inflationary pressure around the world. The power crunch, on […]
China and Asia are winning the bidding war for natural gas supplies as the northern hemisphere goes into the winter season with woefully low inventories and recovering demand after the pandemic. Just as natural gas […]
Petrodollars are once again flowing in for Saudi Arabia. The kingdom is earning more money from oil exports than at any time since 2018, as the global economic recovery and OPEC+ production cuts boost prices. […]
In less than a year and a half, liquefied natural gas (LNG) prices have lurched from record lows to record highs, with the market first reeling from the impact of the pandemic and now unable […]
The natural gas market has undergone profound changes in the last year, with prices rising from under $2.00 to over $5.00. Inventories have been drawn down due to demand, weather events, and the export of […]
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have […]
This week in the markets is more than entertainment, it is fun watching people put their money where they think commodities are moving. Bloomberg published: “It’s not just $200 calls that have been trading in recent […]
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