The House of Representatives passed the Inflation Reduction Act Friday, by a vote of 220 to 207. The bill will now head to the White House to be signed and become law. The bill will […]
Boosting domestic consumption and diversifying exports underpin Moscow’s new energy strategy as the EU seeks to phase out Russian gas imports by 2027. Both will require major investments, and domestic sales will bring lower returns […]
(Bloomberg) — Shale drillers saw their debt burden fall further in the second quarter, signaling extra room for them to pay dividends, buy back shares or make acquisitions. A metric commonly used to measure companies’ […]
Gasoline and oil prices should bounce back through the end of the year as the market still needs to balance rising demand and tight supplies, according to Goldman Sachs Group Inc. Brent oil futures could […]
Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and […]
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, […]
Crude oil futures were mostly steady in mid-morning Asian trade Aug. 11, as prices took a breather after a roller coaster overnight session on a barrage of headlines including a mixed US inventory report and […]
German unit of refiner OMV: There is a run on fuels such as diesel and heating oil in the southern parts of Germany. Critically low water levels of the river Rhine constrain supplies. Due to […]
The Inflation Reduction Act (IRA) includes more than $170 billion of tax credits for the electric industry, designed to encourage the shift from carbon-intensive fuels. An analysis carried out in 2020 suggested that decarbonizing the […]
China’s plans to accelerate its world-leading expansion of solar and wind power are facing a major hurdle as floods, droughts and food-supply issues present authorities with a reality check about how much precious farmland the nation can afford to […]
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