• Oil stable as a surprise US crude oil draw counteracts the jitters of rate hikes

    API Shows U.S. Crude Oil Stocks Falling – Market Sources The US Fed’s Powell is setting the tone for higher and faster rate hikes The rise in the dollar keeps oil under control SINGAPORE, March 8 (Reuters) – Oil prices stabilized on Wednesday as industry data showed an unexpected fall in US crude inventories after […]

  • Exclusive: U.S. solar panel imports from China are on the rise, easing the gridlock, officials say

    March 6 (Reuters) – US solar panel imports are finally picking up after months of stalemate due to the implementation of a new law banning goods made with forced labour, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer […]

  • China leans on coal amid energy security

    State planner says to increase coal production Sees coal ‘supporting’ renewable energy expansion Calls for controls on replacing coal with gas Indicates that higher gas prices are coming for urban users BEIJING, March 5 (Reuters) – China’s state planner on Sunday underscored a greater role for coal in its power supply, saying the fossil fuel […]

  • Oil Sets on Hope in Chinese Demand, Post Weekly Gains

    Oil benchmarks settle at highest level in 3 weeks Report UAE may leave OPEC ‘far from the truth’, sources say Chinese data, record US exports support oil prices Dollar falls; analysts see more weakness in the next 12 months BENGALURU, March 3 (Reuters) – Oil prices recovered from a brief sell-off to rise more than […]

  • Mexico and Tesla close investment deal after president calls – sources

    MEXICO CITY, Feb. 27 (Reuters) – Mexico and Tesla Inc (TSLA.O) are about to announce a deal on the electric vehicle maker’s plans to invest in Mexico after President Andres Manuel Lopez Obrador and Tesla Chief Executive Elon Musk spoke on Monday, Mexican officials said. Lopez Obrador previously revealed he would talk to Tesla’s “owner,” […]

  • Oil lower on fixed dollar, market shrugs off Russian austerity

    Dollar at multi-week peak Fear of aggressive Fed return after Friday’s economic data US crude oil rises highest since May 2021 Feb 27 (Reuters) – Oil prices fell in volatile trading on Monday as a stronger dollar and recession fears could wipe out gains from Russia’s plans to deepen oil supply cuts. West Texas Intermediate […]

  • Russia halts pipeline oil supply to Poland, says PKN Orlen

    WARSAW, Feb. 25 (Reuters) – Russia has cut oil supplies to Poland through the Druzhba pipeline, the CEO of the Polish refinery PKN Orlen (PKN.WA) said on Saturday, adding that the company would explore alternative sources to supply it to close the hole. . The halt to supplies through the pipeline – which is exempt […]

  • Exclusive: Russia plans oil export cuts in March, sources say

    MOSCOW/LONDON, Feb. 22 (Reuters) – Russia plans to cut oil exports from its western ports by up to 25% in March from February, surpassing announced production cuts in a bid to drive prices for its oil increase, three sources in the Russian said the oil market. The Russian Ministry of Energy declined to comment. Russia’s […]

  • ‘No excuse’: IEA tells energy companies if methane emissions rise

    LONDON, Feb. 21 (Reuters) – The fossil fuel industry is failing to address methane emissions despite its commitments to expose and repair leaking infrastructure, according to a report from the International Energy Agency (IEA) published Tuesday. In 2022, the global energy industry released about 135 million tons of methane into the atmosphere – a potent […]

  • EU carbon reaches €100, pushing the cost of pollution to a record high

    The EU achieved reforms at the end of last year The April deadline for submitting permits drove buying Shift from Russian gas to coal added to demand LONDON, Feb. 21 (Reuters) – The price of permits in the European Union’s carbon market hit 100 euros ($106.57) per tonne for the first time on Tuesday, a […]