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Oil Price
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…
Oil Price
Ukraine Speeds Global Rush to Self-Sufficiency
Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…
Coal Production
China to Keep Daily Coal Output at More than 12 mln Tonnes amid Global Price Surge
China will maintain daily coal output at more than 12 million tonnes and accelerate approvals for new coal mining projects to ensure sufficient supply.
Hydrogen Transport
Fortescue Future Industries, Airbus: Starting the Green Aviation Revolution with Green HAydrogen
Fortescue Future Industries (FFI) and Airbus have formed a focused taskforce to implement green hydrogen within the aviation industry in an effort to decarbonis…
Natural Gas
Chevron CEO Announces Israel Gas Pipeline Could Supply Europe
Europe’s natural gas shortage has renewed talk of the EastMed pipeline – a Mediterranean Sea pipeline that could carry gas from Israel to European customers.…
Hydrogen Production
Air Liquide Gains French State Support for 200MW Normandy Hydrogen Production Project
Normandy, France, will gain a 200MW electrolyser project from Air Liquide in order to boost the European hydrogen sector whilst additionally receiving support f…
Electric Car
Electric Car Prices Could Go up Even as Fuel Prices Soar
As US gas prices hit record highs in the wake of Russia’s invasion of Ukraine, it seems like electric vehicles may not be a safe haven for those looking to sav…
Coal Price
Coal Use Rises, Prices Soar as War Impacts Energy Markets
The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand …
Liquid Hydrogen
Japanese Firms Say Tanker Pilot Shows Coal to Hydrogen Plan Feasible
Kawasaki Heavy Industries and other Japan-based firms said on Tuesday that a pilot project to transport hydrogen produced from brown coal in Australia to Japan …
Oil Price
Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
Oil Price
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …
Oil Price
No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks
The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said
SINOPEC
Saudi Aramco Signs Agreement with China’s Sinopec for Potential Downstream Collaboration
World’s largest oil exporting company aims to expand its operations in China.
Nuclear Power Plant
IAEA Reports Second Ukraine Nuclear Facility Damaged
The International Atomic Energy Agency said Monday it has received reports of artillery shells damaging a nuclear research facility in Ukraine's besieged second…
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