Oil slides over 3% on Russian price cap talks, U.S. gasoline build
Firstly, oil prices fell more than 3% on Wednesday. Continuing a streak of volatile trading, as the Group of Seven nations considered a price cap...
Tag : demand
U.S. LNG projects to satisfy EU natural gas demand
Firstly, the European Union made significant progress to replace Russian natural gas. Although, U.S. LNG projects may be the key to rebalancing energy markets on...
Electricity demand boost will push more fossil fuel generation: IEA
Electricity demand around the world is growing faster than the rollout of renewable sources; consequently, to meet the increasing demand more fossil fuel generation will...
The two events that halted oil demand growth forecasts this week
Oil prices fell about 3% this Thursday due mainly to India’s rise in (world’s third-largest oil importer) coronavirus cases and US Colonial Pipeline resume of...
IEA urges the oil and gas sector to cut methane emissions
On Monday, the International Energy Agency (IEA) announced methane emissions from the oil and gas industry fell by an estimated 10% in 2020 in response...
WoodMackenzie – What will shape the energy world in 2021?
According to WoodMackenzie energy experts, there are four critical sector-related topics to pay attention to in 2021: the effects of the Covid-19 vaccine, action on...
Fracking gas-focused companies are recovering from the Covid-19 impact
According to industry people, fracking companies may rely on natural gas production to recover from the Covid-19 impact. Gas-focused drillers are seizing more opportunities than...