Exclusive: China’s Shandong Port, Entry Point for Most Sanctioned Oil, Bans US-Designated Vessels
By , and Ships cannot dock, unload or receive shipping services Ban on ports including Qingdao, Rizhao and Yantai May slow imports, push up costs for refiners, traders say SINGAPORE/BEIJING,…
U.S. Natural Gas Prices Fall 4% on Forecasts for Less Heating Demand this Week
U.S. natural gas futures fell about 4% on Tuesday on forecasts for less heating demand this week than previously expected and lower output reductions from freezing wells so far this…
US Winter Storms Could Cause Power Outages, Cut Natgas Supplies
(Reuters) – Freezing weather and snow storms across the U.S. could cause massive power outages over the next week and boost natural gas demand to its highest levels of the…
Oil Extends Rally as Bullish Momentum Overpowers China Woes
Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude stockpiles and a risk-on tone in broader markets overshadowed signs of…
COMMENTARY: Solar and Wind Power Make Electricity More Expensive – That’s a Fact
By and As a new year dawns and winter takes hold, it’s worth considering the cost of energy. After a meeting in Italy last spring, the G7 countries (including Canada)…
Equinor Secures $3 Bln Financing for U.S. Empire Wind 1 Project
(Reuters) – Norway’s Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United…
Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters
Biden’s decision, set to be announced on Monday, will further burnish his climate credentials, deepening his record of fostering conservation and zero-emission energy. Photographer: Mario Tama/Getty Images President Joe Biden is set…
US Oil and Gas Rigs Unchanged for Fourth Straight Week – Baker Hughes
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes said…
Morgan Stanley Follows Citi, BofA in Quitting Climate Group
Morgan Stanley terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.…
US Oil Executives Expect Faster Permitting Under Trump, Says Dallas Fed
(Reuters) – U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday.…
