Oil and Gas
BP deal sends Nasdaq-listed EV charging stock Tritium surging
The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. Chris Ratcliffe | Bloomberg | Getty Images Tritium and BP have entered into a multi-year contract related […]
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Natural gas surges to highest level since 2008 as Russia’s war upends energy markets
A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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Russia’s war will reorient global energy flows and these stocks stand to benefit, says Bernstein
Moving away from Russian energy means billions of dollars in new infrastructure spending, and these names stand to benefit, according to Bernstein. Source
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The role of natural gas in the Russia-Ukraine conflict
Natural gas is one of several commodities affected by Russia’s invasion of Ukraine. Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February 16 and March 7 before pulling back. But despite being at the center of the largest military conflict in Europe since World War II, […]
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New study lists Asian countries that will be hit hardest — and least — by the Ukraine war
Global prices for some grains have spiked since the Russia-Ukraine war started, with both countries contributing a significant percentage of the world’s supply for some of those commodities such as wheat. Vincent Mundy | Bloomberg | Getty Images From food prices to tourism and weapons supply, Asia-Pacific countries could be hit hard by the Russia-Ukraine […]
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Methane emissions surged by a record amount in 2021, NOAA says
A broken oil well pipeline gauge near Depew, Oklahoma J Pat Carter/Getty Images Global emissions of methane, the second-biggest contributor to human-caused climate change after carbon dioxide, surged by a record amount in 2021, the National Oceanic and Atmospheric Administration said on Thursday. Methane, a key component of natural gas, is 84 times more potent than […]
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UK targets more nuclear, wind power — and fossil fuels — in bid for energy security
Alongside a ramp up in nuclear power, the British Energy Security Strategy envisages up to 50 GW of offshore wind and 10 GW of hydrogen – half of which would be so-called green hydrogen – by 2030. Christopher Furlong | Getty Images News | Getty Images The U.K. government has revealed details of its long […]
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Oil major Shell to write off up to $5 billion in assets after exiting Russia
Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of Ukraine. Thursday’s announcement offers a first glimpse at the potential financial impact to […]
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Biden’s top economic advisor says restarting the Keystone XL pipeline now won’t lower oil prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices. National Economic Council Director Brian Deese told CNBC the Biden administration is instead concentrating on policies and strategies that can deliver lower fuel […]
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