Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies […]
As countries around the world seek to transition away from high carbon energy sources, investments in nuclear power are set to soar in the coming years While several states around the world are turning their […]
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies. “These prices are justified,” Mike Muller, head of Asia for Vitol Group, […]
Sales of Iranian crude oil, gas condensates and petrochemical products have risen dramatically in the past 10 months, the country’s oil minister said. Addressing lawmakers in Tehran, Javad Owji said that Iran’s budget for the […]
Goldman Sachs Asset Management is recommending investors keep their faith in stocks. Equities offer the best opportunity to outperform inflation, the firm said in an Investment Ideas 2022 report. Cyclical stocks — like financials, energy, and resources companies […]
Brent trades above $85, set for a fourth weekly increase Physical crude markets and diesel are all flashing strength Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that […]
China Three Gorges (CTG) said it has begun construction of the 1.7 GW Tiantai pumped storage power station in Zhajiang Province. The station, located in Tiantai County, is a major project of the Medium and […]
A Chinese power company said the first of four 1,000-MW units at a new coal-fired power plant in a northwestern region of Inner Mongolia has entered operation. The Guodian Power Shanghaimiao Corp., part of the […]
Europe shares advance; Chinese technology stocks retreat S&P 500 index hit 69th record close; iron ore extends the decline. Stocks in Europe advanced along with U.S. equity futures as traders evaluated the resilience of the […]
December 14, 2021 Source: U.S. Energy Information Administration, International Energy Outlook 2021, Issues in Focus: Changes in Composition of Economic Growth in China In the International Energy Outlook 2021 (IEO2021), Issues in Focus: Changes in […]
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