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Threats of war over Ukraine — with China and Russia making an unexpected pact to stand together — has seen oil prices head for $100 a barrel again and intensified concerns about Europe’s gas future. Is this a turning point in the global order and something we need to worry about?
OPEC and its allies continue to underperform their increasingly lofty oil production targets, with the group falling a record 700,000 b/d short of its collective quotas in January, according to the latest S&P Global Platts survey. OPEC’s 13 countries raised output by 150,000 b/d from December, pumping 28.19 million b/d of crude, while the nine ...
Venture Global LNG’s Calcasieu Pass appeared to be ramping up production at the Louisiana facility Feb. 4 as it prepared to load its first export cargo, possibly within days. The operator was asking US regulators for permission to load its first export commissioning cargo on or after Feb. 9. Feedgas deliveries to the terminal were ...
Events in 2021 exposed significant hurdles governments and markets still need to overcome during the energy transition journey, but there were also signs of progress. The rapid return of global energy demand to near or above pre-pandemic levels in 2021 caught markets off guard, which resulted in record-high energy prices in major markets. Despite the ...
As demand for wind turbines — and the steel plate and rebar needed to build them — grows in the race to decarbonize energy sources, steelmakers and their windpower customers are striving to more closely align their sustainability goals. Several European Union platemaking mills — prime movers in steel sector decarbonization worldwide — are bringing ...