Economics/Statistics
News
October 11, 2021
Crude topped $81 a barrel as the global power crunch boosts demand for oil ahead of winter.
News
October 08, 2021
Major energy traders including Gunvor Group Ltd. and Mercuria Energy Group Ltd. have reduced the size of their trading positions and increased borrowing from lenders to cover large margin calls stemming from the unprecedented surge in European gas prices, according to people familiar with the matter.
News
October 08, 2021
President Joe Biden is under intensifying pressure to keep a lid on rising gasoline and natural gas prices that threaten the economic recovery and Democrats’ political ambitions.
News
October 08, 2021
Gazprom PJSC increased its 2021 price guidance for natural gas exports, while signaling caution on volumes it could ship, as Europe’s energy crisis worsens.
News
October 07, 2021
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc.
News
October 07, 2021
The U.S. may be heading into winter with the lowest stockpiles of heating oil to meet surging demand in more than two decades.
News
October 07, 2021
Oil rebounded after the U.S. Energy Department said it has no plans “at this time” to tap into the nation’s oil reserves to help quell rising fuel prices.
News
October 06, 2021
Oil declined by the most in two weeks in the wake of growing U.S. inventories and after Russia signaled it is ready to help ease a global energy crisis.
News
October 06, 2021
The U.S. Energy Information Administration projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050.
News
October 06, 2021
Dutch and UK gas futures continue to hit fresh records along with rising power prices. Rocketing energy costs are stoking inflationary pressures and fueling concern that economic growth will slow, prompting a slump in European stocks.
News
October 06, 2021
Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases.
News
October 05, 2021
Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch.
News
October 05, 2021
European natural gas and power soared to fresh records amid worsening fears over supply.
News
October 05, 2021
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.
News
October 04, 2021
OPEC+ agreed to maintain its schedule of gradual monthly oil-production increases, sending crude prices sharply higher.
News
October 04, 2021
UK oilfield service provider Petrofac Ltd. must pay a $95 million penalty by a London judge for failing to prevent bribery between 2011 and 2017.
News
October 04, 2021
European banks are beginning to drop clients that pose a climate risk rather than face the possibility of higher capital requirements, according to the watchdog overseeing the development.
News
October 01, 2021
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group.
Article
October 2021
As Congress attempts to navigate multiple legislative priorities in a significantly partisan atmosphere, it’s important to remember there are areas where broad agreement can be found.
News
October 01, 2021
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America.
News
September 30, 2021
Nigeria shouldn’t leave its gas in the ground and run the risk of ending up with an energy transition that unfairly deprives its citizens of energy, as well as opportunity.
