Tag Archives: Oil Price

China’s crude oil imports from Russia jumped by 25.6% month-on-month in August as Beijing last month welcomed the highest monthly crude arrivals so far this year, taking advantage of cheaper supplies. China imported 2.21 million barrels per day (bpd) of crude from Russia in August, according to data from the …

France will pursue a shift away from fossil fuels and will support nuclear and renewable energy as the new government will look to lower household bills, the new French energy minister said on Monday. Agnes Pannier-Runacher, who was appointed France’s energy, environment, and climate minister this weekend, on Saturday said …

RBC CEO Dave McKay believes Canada plays a critical role in the energy security of the United States, especially when it comes to supplying oil and gas to Asia. Speaking in Toronto, McKay highlighted that while the U.S. focuses on “Buy American,” they rely on Canadian energy to meet global …

The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale …

Germany is seeking an EU delay to some of the rules on green hydrogen production to allow the industry to take off and produce clean hydrogen at lower costs, Germany’s Economy Minister Robert Habeck wrote this week in a letter to EU Energy Commissioner Kadri Simson seen by Bloomberg. The …

Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule. Gazprom, Russia’s state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline’s …

Investors have been talking about the huge potential of green hydrogen – hydrogen produced through electrolysis powered by renewable energy sources – for several years now. It is thought to be the clean fuel of the future, supporting the decarbonisation of hard-to-abate industries such as shipping, aviation, and manufacturing. However, …

French supermajor TotalEnergies announced on Friday the start of natural gas production from the Fenix gas field offshore in southern Argentina. The Fenix field has been developed to have a production capacity of 10 million cubic meters per day, or 70,000 barrels of oil equivalent per day, (boe/d). The field, …

Russian petroleum product exports jumped by 10% in the first half of September compared to August as diesel and fuel oil shipments recovered from last month’s multi-month lows, data from analytics firm Vortexa compiled by Bloomberg showed on Friday. Refining rates in early September improved from August and so did …

Natural gas demand in the EU and UK rose in July compared to June, but inventories increased at a faster clip as Europe is moving to stockpile gas ahead of the winter, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday. EU and UK natural gas …