Rice

Oil Price

Oil Jumps On Significant Crude Inventory Draw

Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for the week to December 2…

Crude Oil

Oil Price Rally Fades as OPEC’s Plans Overshadow U.S. Stimulus

A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming n…

Thermal Plant

TPP Ugljevik Takes Desulfurization Unit Offline on Lack of Operation Permit

Coal mine and thermal power plant complex in Ugljevik has lifted its power prices by 15% due to the launch of its desulfurization unit, but the extension can’t…

Oil Price

China’s Wholesale LPG Prices Surge on Firm Demand

China wholesale LPG prices have surged across the country this month, bolstered by strong international prices and rising domestic demand.

Oil Price

Oil Moves Higher on Brexit Deal, U.S. Inventory Draw

Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory sparked…

Crude Oil

Rystad Expects 2021 to Bring Largest Crude Deficits in Years

The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…

Offshore Wind Power

Taiwan Plans 8% Cut in Offshore Wind Tariff

EXCLUSIVE: Draft proposal from Ministry of Economic Affairs would set PPA price at NT$4656.8/MWh in 2021

Oil Price

Oil Tumbles As New Virus Strain Revives Demand Fears

Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…

Market Analysis

Climate Could Pay the Price as Europe’s Nuclear Plants Age

Nuclear power capacity able to supply roughly 60 million homes is scheduled to close this decade as utilities struggle to replace northwest Europe’s ageing rea…

Crude Oil

OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing

OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, citing the leaders of the group, Saudi Arabia and Russ…

LNG

Shell Divests LNG Stake For $2.5 Billion

Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to reduce the weight of non…

Oil Pipeline

Russia’s Nord Stream 2 Gas Pipeline Clearly Beneficial for Europe & WILL BE Completed – Putin

That could hike prices for households and make Germany’s economy less competitive, said Putin.

Oil Price

Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress

Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining de…

Crude Oil

Oil Jumps On Crude Inventory Draw

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 1…

Coal Production

China's Coal Supply Sufficient for Winter Heating

The supply of coal will be sufficient to meet a spike in demand during the winter heating season, China's top economic planner said on Wednesday.