One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …
Read More »US, Germany Having No Single Assessment for Nord Stream 2
The Nord Stream 2 gas pipeline is among matters having no common assessment in the Trans-Atlantic aspect, German Chancellor Angela Merkel said at an online conference on Wednesday. “It is important to speak also in future about matters probably having no common assessment in the Trans-Atlantic partnership. The topic of …
Read More »Larger Than Expected Decline in US Oil Stocks Pushes Oil Prices Up
Oil prices rose on Wednesday, extending gains from the previous session after industry data indicated US crude stocks fell much more than expected last week, reinforcing bullish views on fuel demand in the world’s largest economy. US West Texas Intermediate (WTI) crude futures rose 48 US cents, or 0.7%, to …
Read More »US Sanctions do not Affect Russian Oil Supplies to Belarusian Refineries
The Russian oil is being supplied to Belarusian refineries as normal, Belarusian Prime Minister Roman Golovchenko said in an interview aired by the Belarus-1 TV channel on Sunday, adding that the US’ sanctions do not affect the supplies. “In accordance with the decision that has been taken, the sanctions cover …
Read More »Iraq’ Oil Exports to the United States Climbed in the Fourth Week of April
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States climbed to 270 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5,728 thousand bpd in the fourth week of April.” The top three source countries of U.S. import …
Read More »New Computer Model Helps Brings the Sun into the Laboratory
Every day, the sun ejects large amounts of a hot particle soup known as plasma toward Earth where it can disrupt telecommunications satellites and damage electrical grids. Now, scientists at the U.S. Department of Energy’s (DOE) Princeton Plasma Physics Laboratory (PPPL) and Princeton University’s Department of Astrophysical Sciences have made …
Read More »OPEC Urges Members to Lobby against US NOPEC Bill
OPEC is encouraging its members to engage with the U.S. administration over a proposed U.S. bill against the group, known as NOPEC, and to explain that passing the bill could put at risk U.S. interests abroad. A U.S. House panel passed a bill this week to open OPEC to lawsuits …
Read More »World Still Waiting for US Climate Target as Biden Summit Looms
The United States is still putting the finishing touches on its plan to cut its greenhouse gas emissions by 2030, ahead of a summit this week with world leaders, including Russia’s President Vladimir Putin and China’s President Xi Jinping. President Joe Biden’s administration has been pressing other countries to make …
Read More »Exxon Mobil Makes a Pitch for Capturing Emissions and a Carbon Price
Under growing pressure from investors to address climate change, Exxon Mobil on Monday proposed a $100 billion project to capture the carbon emissions of big industrial plants in the Houston area and bury them deep beneath the Gulf of Mexico. Exxon, the largest U.S. oil company, wants to create a …
Read More »Saudi Aramco Part of $50 Million Funding for US Software Firm
Saudi Aramco’s investment arm was among a group of investors who awarded SR187.5 million ($50 million) to a Seattle-based manufacturing and technology software company. Seeq Corp. said it had raised the new funds as part of a Series C funding round as the group of investors backing the financing were …
Read More »