LNG shipping costs have surged to the highest in eight months as shipowners assess Middle East risks and hold off chartering vessels, reducing available ships, while price signals in Asia are favoring cargoes going to the Pacific market. Both the Atlantic and Pacific freight rates jumped on Monday to their …

U.S. wholesale electricity prices are rising fast amid forecasts for summer heat that will drive demand higher, especially in the East. Prices in Boston topped $400 per MWh at one point on Tuesday, Reuters reported, up from $50 per MWh earlier in the day. According to grid operator PJM Interconnection, …

China has reduced its coal imports and increased exports on ample supply of the commodity, Bloomberg has reported, citing a 13% increase in outbound coal shipments from the country in the first five months of the year. China exported 2.5 million tons of coal between January and May, with the …

The Shell-led LNG Canada facility has produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project confirmed on June 22. The milestone comes in advance of the facility loading its first LNG export cargo, which LNG Canada said it remains on track to do by …

The sun is setting on residential solar in the United States as the Trump administration leans toward pulling the plug on clean energy incentives. In a shift in policy, the latest draft of the “One Big Beautiful Bill Act” omits residential solar lease providers from the Investment Tax Credit. Already, …

South Africa has long been dependent on coal, finding it difficult to leave fossil fuels in the past for a future in green energy. The African country has produced and exported coal to bolster its economy as well as to provide energy for its population of over 60 million. However, …

Iran has filed a formal complaint against the head of the UN nuclear watchdog, Rafael Grossi, accusing him of partiality and passivity over Israeli attacks on the country, local media said on Sunday. In a letter to the UN Security Council, Iran’s Ambassador and Permanent Representative to the UN, Amir-Saeid …

Brazil will hold the COP30 climate summit in November, where it is expected to lead the world in supporting a green transition. In recent years, Brazil has made greater efforts to increase its renewable energy capacity and protect the Amazon rainforest from deforestation activities. However, in the lead-up to the …

For decades, China has driven the lion’s share of oil demand growth thanks to its remarkable economic boom and large population. However, China is now losing its prominence in global oil markets due to a dramatic slowdown in its economy coupled with the country’s ongoing electric vehicle revolution. Last year, …

Russia hiked its fuel oil and vacuum gasoil (VGO) exports to India and Turkey in May as buyers preferred to purchase more fuel oil amid falling prices, according to shipping and trade data reviewed by Reuters. Russia’s oil products have been banned in the EU and other Western countries since …