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China
PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale
The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.
Oil Price
Oil Price Hits Highest in Almost Three Years As Supply Tightens
Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.
Energy Storage Project
Foresight Group Buys 50MW Scottish Battery
Foresight Group has acquired the 50MW Blackpark energy storage project in Scotland from ILI Group for an undisclosed price.
Oil Price
Demand Recovery Leaves $100/bl Oil on Track
Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…
Hydrogen Production
New Deal could See Hydrogen Production at Less than $1/kg in the Asia Pacific Region
The Asia Pacific region will soon benefit from hydrogen produced by Proton Technologies – and prices are set to be very competitive at less than $1/kg.
Crude Oil
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…
United Kingdom
UK Power Sector Could See Tidal Wave Of Bankruptcies
More UK energy suppliers are set to go bust as soaring gas prices are putting an unprecedented cost burden on smaller electricity and gas providers, the head of…
Oil Price
Oil Rebounds On Tight Global Energy Supply
Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema…
Oil Price
Oil Falls As Storm-Hit U.S. Supply Trickles Back into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Coal Price
Asia-Pacific Coal Market Strength Lifts NE Asian Prices
The South Korean coal market rebounded sharply this week owing to strength in the Asia-Pacific commodity complex, but despite a weaker domestic demand outlook.
Solar Power Plant
US Solar Market Records First Price Increase in Seven Years
The US solar energy market has recorded its first price increase quarter-over-quarter and year-over-year across every market segment in seven years
Natural Gas
U.S. Gas Production Set for Big Increase in 2022 on High Prices
As a result, futures prices for deliveries at Louisiana's Henry Hub in January 2023 are currently trading around $1.15 per million British thermal units below p…
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
Crude Oil
Oil Slides After China Unexpectedly Releases Crude From National Reserve
Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude …
Coal Trade
Tight Supply Limits US, Canada Coking Coal Exports
Supply constraints weighed on US and Canadian coking coal exports in July, trade data show, as producers were unable to take full advantage of strong Chinese de…
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