Noble Group looking to rejig business units By Anshuman Daga and Sumeet Chatterjee SINGAPORE/HONG KONG, Feb 14 (Reuters) – China’s state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to […]
China’s Sinochem in early talks to buy stake in Noble Group – sources Read More »
Traders betting oil storage tanks will empty significantly during Q3 By John Kemp Crude oil stockpiles are expected to empty significantly during the third quarter as continued production restraint from OPEC interacts with the seasonal increase in consumption. OPEC and non-OPEC countries are committed to reducing production by an average of nearly 1.8 million barrels
Opinion: Milestones on the oil market’s road to rebalancing Read More »
188,000 residents south of Lake Oroville Dam evacuated By Deborah M. Todd and Sharon Bernstein OROVILLE, Calif., Feb 14 (Reuters) – Tens of thousands of Californians faced an indefinite stay in shelters as engineers worked for a second day on Tuesday to fix Lake Oroville Dam, the United States’ tallest dam before more storms sweep
No return home in sight for thousands sheltering from Lake Oroville Dam Read More »
Rule could have cost $1.26 billion to implement, according to study By Courtney Loper, EnergyInDepth Last week, the House of Representatives passed a resolution to overturn the Bureau of Land Management’s (BLM) duplicative and burdensome methane and flaring rule by a vote of 221-191. With the Senate set to take up the measure in the
Myth vs. fact on overturned US federal methane venting/flaring rule Read More »
TAP pipeline aims to reduce EU dependence on Russian gas By Alissa de Carbonnel and Oleg Vukmanovic BRUSSELS/MILAN, Feb 14 (Reuters) – Gazprom’s bid to tap into a pipeline meant to wean Europe off Russian gas threatens to undermine a pillar of European energy policy and slow plans to develop rival deposits in the east
EU gets wake-up call as Gazprom eyes rival TAP pipeline Read More »
Enormous concentration of hedge fund long positions emerged as important source of price risk in near term By John Kemp LONDON (Reuters) – Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source of risk
Oil is becoming a crowded trade as hedge funds pile in: Kemp Read More »
Wind power briefly reached 52.1 per cent on Sunday By Scott DiSavino Feb 14 (Reuters) – On Sunday, wind power briefly supplied over 50 per cent of electric demand in the 14-state Southwest Power Pool (SPP), the first time that has happened on any portion of the North American power grid. SPP coordinates the flow of
Wind power briefly sets record as source for electricity in U.S. Read More »
Advanced biofuels will nearly double in 5 years to 9.6 billion gallons per year New biofuel technology is finally starting to push aside traditional biofuels like first-generation biodiesel, according to Lux Research. New facilities based on non-food feedstocks and producing novel fuels account for over half of new capacity deployment for the first time in the
Global biofuels production up to 67 Billion gallons in 2022 as next-gen tech kicks in Read More »
Zohr gas discovery off coast of Egypt By Lin Noueihed and Eric Knecht CAIRO, Feb 14 (Reuters) – Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI’s giant Zohr gas discovery has put its Mediterranean waters on the map. Once
Oil companies bullish on Egypt, eyeing more investment, discoveries Read More »
Electric cars account for 16.9 per cent of cobalt demand By Pratima Desai LONDON, Feb 14 (Reuters) – Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis. Prices for cobalt metal
Electric car boom spurs investor scramble for cobalt Read More »
