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Energy Transition
Sky-High Prices ‘Could Speed up Energy Transition’
Governments need to take more measures to address the energy crisis, new survey finds.
Oil & Gas Trade
Shell’s Profit Soars on Higher Oil and Gas Prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…
Oil Price
OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
Coal Price
China State Planner Sets out Irregular Price-Pushing Behaviours for Coal
China's state planner warned domestic thermal coal producers and traders on Saturday not to hoard stock or engage in a list of other practices that it said amou…
Oil Refinery
American Oil Refiners Set for a Blowout Year
Soaring fuel prices have been a boon for U.S. refiners this year.
Coal Price
India's Petcoke Imports Seen Doubling amid Soaring Global Coal Prices
India's imports of petcoke are expected to more than double this year, industry officials say, as competitive prices are driving cement makers to switch to the …
Energy Saving
Philippines Calls for EEC Measures Amidst Looming Fuel Price Hike
The department also raised the need to attain energy independence and security.
LNG
High LNG Prices Are Here to Stay
The global market for LNG has turned from a buyer’s market to a seller’s market.
Electric Car
Electric Vehicle Sales Increase Even with High Battery Prices
This year, people around the world are lining up to buy electric vehicles even as prices increase.
Coal-Fired Power Plants
South Korea Eases Coal Restrictions to Curb LNG Demand
South Korea's state-owned Kepco will limit voluntary restrictions of coal-fired generation plants to weekends this year, in a bid to reduce gas-fired generation…
Oil Field
BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field
E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polv…
Electric Car
Electric Vehicle Sales Soar Despite Rising Battery Costs
Manufacturers have passed higher prices on to consumers with double-digit increases for EVs.
Thermal Coal
India's Coal Imports Are Shifting, Thermal More than Coking
India's coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of the Russia-Ukraine conflict.
Oil Price
OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics
OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group …
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