Swedish shipping company Furetank has signed a contract for the construction of two more […] The post Two more dual-fuel tankers for Furetank appeared first on Offshore Energy.
Two more dual-fuel tankers for Furetank Read More »
While sales of electric vehicles are showing encouraging signs, other sectors require more attention, the IEA said.
Electric vehicle sales set to hit an all-time high in 2022, IEA says Read More »
The revival of Asian oil demand to pre-pandemic levels is likely to get pushed back until 2023 as a worse-than-expected consumption outlook in China on the back of pandemic-induced lockdowns will more than offset gains in other pockets of the region this year, analysts told S&P Global commodity Insights ahead of the APPEC summit. Fears
Asia looks for answers on oil demand revival, Russian flows, energy security Read More »
Sep 22, 2022 (Bloomberg) Democratic Senator Joe Manchin struggled on Thursday to win the GOP backing needed for his legislation to fast-track energy projects, with some senior Republican senators declaring it dead on arrival. Some Democrats are balking at the plan, and the lack of GOP support could doom Manchin’s effort to speed the federal approval process for
Manchin Is Coming Up Short on GOP Support for Energy Permit Bill Read More »
Sep 22, 2022 (Bloomberg) The world’s failure to invest enough in fossil fuels before cleaner alternatives can fully meet today’s energy needs is a “recipe for disaster,” according to Sultan Al Jaber, chief executive officer of Abu Dhabi National Oil Co.Oil producers have limited ability to react to further disruptions in energy supplies as spare crude
Fossil-Fuel Underinvestment Is Recipe for Disaster, UAE Says Read More »
(Bloomberg)California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters in homes, a move environmentalists are betting will provide a template for other states. The Golden State will ban the sale of all new natural gas-fired space heaters and water heating appliances by
California Moves to Ban Natural Gas Furnaces and Heaters by 2030 Read More »
Unused capacity in global oil production has fallen to exceptionally low levels, contributing to the intense upward pressure on prices until very recently. Restoring spare capacity to more comfortable levels will require a business-cycle downturn, which is why a recession or at least a serious slowdown is inevitable. In common with inventories of crude and
Opinion: Recession will be Necessary to Rebalance the Oil Market: Kemp Read More »
A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said on Thursday, noting that Russia was now offering China and India “enormous discounts” while looking for other outlets for its oil. In December, Europe would halt the bulk of its purchases of 3 million barrels per
Yellen says Russia offering ‘enormous discounts’ on oil to China, India Read More »
Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. At A Glance: EIA
Natural Gas Futures Flop Following Stout Storage Print; Cash Prices Follow Suit Read More »
The UK steel industry is set to produce at a record low this year, its lowest since World War II, and it’s hard to say if 2023 will see an upturn, an official with the UK-based International Steel Statistics Bureau said Sept. 22. Output is set to fall to below 7 million mt of crude
UK steel output to hit ‘record low’ this year; 2023 prospects uncertain: UK Steel Forum Read More »
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