Energy News
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Reports have indicated that Nigeria government’s efforts to curtail crude oil theft in the oil producing region has failed to yield the desired results as loses increased from 100,000 barrels/day in 2013 to 400,000 barrels/day in 2023. The report released weekend is a production of several months of deep investigation carried out by public policy firm, ...
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Damage to a utility’s power equipment by gunfire found in Durham was associated with an outage that left hundreds of people without power earlier this week, the company said. About 730 people experienced a power outage for about two hours on Monday after reports of “a fire and equipment failure” on Duke Energy’s power distribution grid, spokesperson Jeff ...
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Refined Products Gasoline and diesel, along with jet fuel and fuel oil, are collectively called refined products because they are products that are made by refining crude oil. Oil refineries are large, complex industrial process facilities located around the world. The amount of gasoline and diesel produced from refineries depends on global refinery ...
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Reports have indicated that Nigeria government’s efforts to curtail crude oil theft in the oil producing region has failed to yield the desired results as loses increased from 100,000 barrels/day in 2013 to 400,000 barrels/day in 2023. The report released weekend is a production of several months of deep investigation carried out by public policy firm, ...
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Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs. TerraPower LLC, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, the billionaire co-founder of ...
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It seemed like big news, and many wondered why the mainstream media had seemingly ignored it. Turns out, there was a very good reason. Earlier this week, reports circulating ...
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Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday (June 16) to celebrate a thaw in once-icy trade ties with Australia. The ...
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As we approach the halfway mark of 2024, I figured it’d be constructive to check in on the results of this year’s record-breaking elections. The numbers are particularly striking: ...
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In May, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly ...
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video The natural gas markets have been back and forth during the session, perhaps a little bit negative, but really at this point in time, natural gas is overextended. We do have a significant amount of heat in the United States over the next several days, and markets had been banking on that. However, that’s already been priced in, so the question then ...
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Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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The world's two most relied-upon crude oil benchmarks are WTI, predominantly traded on CME Group, and Brent, its European peer. Their attractiveness to financial investors is subject to a number of moving parts: the underlying supply/demand balance, economic considerations, weather and geopolitics. The weekly reports of the Commitment of Traders provide a ...