The Biden administration on Monday gave final approval to a scaled-back version of a controversial fossil-fuel drilling project in Alaska’s National Petroleum Reserve — a move that is likely to outrage environmentalists and critics alike. The so-called Willow Project, led by ConocoPhillips, is slated to produce up to 590 million barrels of oil over its … Read more
Press play to listen to this article Voiced by artificial intelligence. There aren’t many places on Earth as far removed from the political scheming of the European Union’s rain-soaked headquarters in Brussels as Chile’s Salar de Atacama. Its rugged, otherworldly landscape to the west of the Andes mountains spans 1,200 square miles of salt flats, … Read more
Press play to listen to this article Voiced by artificial intelligence. Europe is on track to kick its addiction to Russian fossil fuels, but can’t seem to replicate that success with nuclear energy a year into the Ukraine war. The EU’s economic sanctions on Russian coal and oil permanently reshaped trade and left Moscow in … Read more
Russia’s year-long war in Ukraine has led to thousands of casualties, millions of refugees and billions of dollars in damages to the country’s economy, environment and infrastructure. At home, Russian President Vladimir Putin is pushing the narrative of a just war against the West and crushing dissenting voices, while his country’s economy feels the bite … Read more
Europe loves the Aussies again. Australia was, until recently, an international pariah on climate change and a punchline in Brussels. But a new government in Canberra coupled with Europe’s energy and economic woes mean a better relationship is now emerging — one that could fuel Europe’s transition to a clean economy, while enriching Australia immensely. … Read more
Press play to listen to this article Voiced by artificial intelligence. The EU’s energy war with Russia has entered a new phase — and there are signs that the Kremlin is starting to feel the pain. As of Sunday, it is illegal to import petroleum products — those refined from crude oil, such as diesel, … Read more
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, … Read more
BP’s CEO Plays Down Renewables Push as Returns Lag – WSJ The Wall Street Journal Gas demand is the main unknown in BP’s Energy Outlook Upstream Online How soon will it be until the world reaches ‘peak oil’? Yahoo! Voices Oil And Gas Demand Will Drop Dramatically, Says BP | Covid-19 Remains Health Emergency: WHO ET NOW Investment in … Read more
World Gatik Ship Management, which took control of 25 tankers after the invasion of Ukraine, now shuttles Russian crude along new trade routes
The collapse in natural-gas prices in recent months has generated a fraction of the attention of the run-up of the first half of 2022. But it could dent 2023 profits industrywide—and dampen inflation by reducing heating and electricity costs this year. Natural gas traded on Friday at $2.90 per million British thermal units, down 8% … Read more