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Crude Oil

Norway's Equinor Halts Trading Russian Oil

Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executi…

Oil Price

Oil Extends Losses; Russia to Fulfil Supply Contracts

Oil extends losses by nearly 2% after 13% plunge on Wednesday. Russia pledges to fulfil contractual obligations

Oil Price

Oil Futures: Brent Rebounds amid OPEC+ Output Uncertainty, Above $ 115/b

Crude oil futures in early European trading hours Thursday were trending higher as markets stabilized after the previous session's huge price retreat, which cam…

Oil Price

EIA Hikes Oil Price Forecast To $105 This Year

The Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO), significantly raising its February forecast of $82.87 after Rus…

Offshore Wind Power

Shell and ScottishPower in Offshore Wind Push

ScottishPower and Shell are to invest £75 million ($99 million) in infrastructure and facilities to support the growth of the offshore wind industry in Scotlan…

Oil & Gas Supply

European Oil and Gas Majors’ Exposure to Russia Is Limited

European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings …

Carbon Neutral

JD.com Builds China’s First Carbon-Neutral Intelligent Industrial Park

Chinese tech and e-commerce giant JD.com announced on Wednesday that its “Asia No.1” logistics park in Xi’an, Shaanxi Province, has obtained certificates for…

Oil & Gas Supply

OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia

The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for en…

Crude Oil

Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025

West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent …

Carbon Emissions

Fighting Climate Change with Carbon Capture and Utilization Technologies

Last month the Biden-Harris administration unveiled ambitious plans to reduce carbon emissions through clean manufacturing that include federal investments of m…

United States

Private Investment in California's Solar Energy Industry Increases Climate Vulnerabilities, Study Finds

Energy systems development is driven more by financial considerations than environmental ones, leaving customers more vulnerable to the effects of climate chang…

Investigating an Innovative Solution for Thermal Energy Storage

A PCM's ability to absorb and release energy has recently attracted more attention because of society's shift from fossil fuels towards renewable energy sources…

Coal Mine

Indonesia Coal Miners in Talks with Buyers Seeking Russian Alternatives

Indonesian coal miners are holding exploratory talks with buyers seeking alternatives to Russian coal, although some other countries may be better placed to sup…

Ukraine

Could the Russia-Ukraine Conflict Accelerate the Shift to Green Energy?

The crisis in Ukraine has forced Western countries to reevaluate their reliance on Russian energy.

Coal Price

Peabody Gets a $534 Million Margin Call on Coal, and Goldman Steps In With a 10% Loan

Locking in a price to sell coal at $84 a metric ton must have seemed like a good bet for Peabody Energy Corp. a year ago.