According to a report by the San Francisco-based NGO, Global Energy Monitor, the world needs to accelerate its closure of coal power plants and cease building new ones by almost
EU seeks $140 billion to cope with energy crisis
On Wednesday, the European Union’s executive presented plans to raise more than 140 billion euros (£121bn) in order to address an energy crisis. This has raised the possibility of winter
EU backs off Russian gas price cap after Putin threat
Ministers from the EU agree to raid energy giants in an effort to ease household financial losses.
Europe is facing a potential “Lehman Brothers” event with energy margin calls of $1.5 trillion
European energy companies face margin calls totalling $1.5 trillion in the derivatives market. Many would need to support policy to cover them amid wild swings, and skyrocketing power and gas
Oil supported by supply threats yet still set for a second weekly drop
Friday’s oil price rise was supported by supply cuts and real threats. However, crude saw the second week of declines as China’s COVID-19 curbs and aggressive interest rate increases weighed
China Is Aggressively Buying Up Cheap Russian LNG at a 50% discount
Bloomberg reported that Russia is still selling liquefied natural gases from Sakhalin-2 in the Far East to China at half the price and still making profits, citing unnamed traders.
Recession fears lead to oil falling to a new six-month low
After a brief respite, oil fell to a six-month low on Wednesday. This was after concerns over a possible global recession that could weaken demand outweighed a report showing lower
Russian oil output up 5% in first half of June
According to Interfax, Russia’s first half of June saw an almost 5% increase in oil production compared to May. The Interfax news agency reported Tuesday, citing a source with knowledge
U.S. Natural Gas Surges To A 13-Year High Upon Global Supply Crunch
As a result of strong demand, U.S. natural gasoline prices soared to their highest intraday levels in more than 13 years.
Indonesia bans coal exports in January on domestic power worries
JAKARTA, Jan 1 (Reuters) – Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official
Rainbow Rare Earths (RBW.L) Rare Earths Separation Technology Agreement & CEO video update
Rainbow Rare Earths Ltd announces that the Company has entered into an exclusive intellectual property licencing agreement (the “Agreement”) with K-Technologies, Inc. (“K-Tech”) located in Lakeland, Florida, USA, to use