Downstream

This post was originally published on this siteWHO says Omicron poses very high global risk Travellers considering to cancel, delay trips Airlines scrambling to limit impact Asian jet fuel cracks slide, time spread flips to contango SINGAPORE, Nov 30 (Reuters) – Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border […]

This post was originally published on this siteUnderstanding Energy In the Face of Climate Change The general public has very little understanding about how important energy is in our lives and the different forms of energy. This easy to understand video explains all that energy does for us, why we absolutely can’t do without it,

This post was originally published on this siteNov 29, 2021 (Bloomberg) The Biden Administration’s energy envoy reiterated that the U.S. stands ready to release more crude from the Strategic Petroleum Reserve if the need arises.“I think we wanted to do something that was impactful for the market and that also had the ability and the flexibility

This post was originally published on this siteNov 29 (Reuters) – U.S. natural gas futures slid more than 10% on Monday, erasing gains from a post-Thanksgiving rally in the previous session, hurt by forecasts for lower-than-usual heating demand over the next two weeks. On their first trading day as the front-month, gas futures for January

This post was originally published on this siteNov 29, 2021 (Bloomberg)Energy producers — not the transition to a greener economy — are a key reason for soaring natural gas and power prices in Europe, according to International Energy Agency Executive Director Fatih Birol.The price spike is the result of factors including demand growth, supply outages

This post was originally published on this siteNov 29 (Reuters) – U.S. motorists could see gasoline prices fall below $3.00 a gallon in the coming weeks after crude futures posted their steepest losses since April 2020 on Friday as a new coronavirus variant threatened to extend the pandemic. A further fall in pump prices from

This post was originally published on this siteNov 29 (Reuters) – Morgan Stanley on Monday cut its first quarter 2022 Brent crude price forecast to $82.50 per barrel from $95 on market expectations that the Omicron coronavirus variant could turn into a major headwind for oil demand. The market appears to be pricing in the

This post was originally published on this siteNov 29, 2021 (Bloomberg) Saudi Arabia’s Energy Minister Abdulaziz bin Salman played down the likely fallout from the new coronavirus variant that pummeled oil markets last week.“I’m a very relaxed person. I’m not concerned,” the minister said when asked how the new strain may affect demand. Abdulaziz, who was

This post was originally published on this siteNov 29, 2021 (Bloomberg) Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the Omicron variant of Covid-19 and the potential response by OPEC and its allies.Brent rallied as much as 5.2%, climbing along with West Texas Intermediate. The

This post was originally published on this siteNov 29, 2021 (Bloomberg) OPEC and its allies will discuss their response to the Omicron variant of the coronavirus at their meeting this week, although their knowledge of the potential impact on oil markets remains limited.The comments on Monday from Russia and Saudi Arabia, the leaders of OPEC+, are the latest