Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, said Deputy Oil Minister Amir Hossein Zamaninia. The oil market will be able to accommodate Iran’s […]
The world’s overloaded power grids are on the cusp of a megabattery boom. California, keen to avoid last year’s blackouts, could add more than 2 gigawatts of energy storage, including from batteries, by summer. The […]
Rich Glick, one of two Democrats on the U.S. Federal Energy Regulatory Commission, has been tapped by President Joe Biden to lead the agency set to play a pivotal role in the president’s goal to achieve […]
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua […]
Oil prices have risen by 10 percent since the end of 2020 and 8 percent since the OPEC+ meeting two weeks ago, but the rally has nothing to do with the short-term oil demand outlook. […]
Among President Joe Biden’s first acts in office was reassembling a cross-government team to figure out the “social cost of carbon,” a wonky number that has broad impacts on federal agency rules. Biden signed an executive […]
India is hoping U.S. President Joe Biden’s administration will take a softer line against adversaries Iran and Venezuela, enabling the world’s third-largest oil importer to diversify its sources of crude. The country would be happy […]
Shares of oilfield services major Baker Hughes (BKR) slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]
The 60-day suspension on approvals is necessary for a “targeted and time-limited” review of recent decisions, the US Interior Department’s acting secretary Scott de la Vega said in an order signed yesterday. The freeze will […]
Angela Merkel said she’s willing to discuss energy ties with Moscow with the incoming U.S. administration, but the German chancellor reiterated her support for a controversial gas pipeline to Russia. “We need to also discuss […]
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