Although the price of crude oil went slightly down
this week, having reached a seven-year-high value, analysts do not anticipate a
precipitous fall in the coming weeks, especially when the winter is on the
horizon as far as many industrialized nations are concerned. As of 18:00 GMT on Friday, the t…
Sunday 31 October 2021
Thursday 28 October 2021
China tackles coal shortage with touch measures on speculations and hoarding
The price of crude oil fell on Wednesday, something
that certain analysts were quick to associate with the US crude oil builds during
the past week, confirmed by the latest data. The API, the American Petroleum Institute, said on
Tuesday that the US crude inventories rose by 2.3 million barrels for …
Monday 25 October 2021
Turing to coal can wipe out years of achievements on reducing carbon emissions
The price of crude oil continues to rise in the
international markets, leaving the political leaders across the world in an
anxious lurch, when manufacturing hubs have acutely start feeling the pinch due
to rising energy costs. As of 2:00pm GMT, the prices of WTI and Brent were
at 7-year-high, with …
Friday 22 October 2021
Crude oil price to go up due European Gas Crisis: Moldova declares energy emergency!
Moldova, the former Soviet Republic sandwiched
between Ukraine and Romania, declared a state of energy emergency in the
afternoon on Friday, increasing the pressure on natural gas markets and of
course, oil markets too as an inevitable consequence in the end. Russian energy giant, Gazprom, had been …
Wednesday 20 October 2021
European gas crisis seems to be on the wane
There are good signs that the European gas crisis
that reached an alarming level during the past few weeks is finally easing, as
the very natural factors that triggered it off, appears to be in the reverse
mode. As far as the United Kingdom is concerned, as of
Tuesday, the share of renewables to the…
Monday 18 October 2021
China's Economic Woes in the Q3: how will it affect the global energy markets?
China admitted on Monday that its economic growth
slowed down in the third quarter, Q3 and cited the main causes behind it. The power outages come at the top of the list,
followed by the supply bottlenecks, woes in its vast property sector and of
course, the random outbreaks of the Delta variant of …
Sunday 17 October 2021
The Great Energy Jigsaw: rising commodity price, rig count and US crude inventories
The oil price is on the rise and so is the US rig
count – and US crude inventories - yet there are no signs of oil price reaching
equilibrium, safeguarding the interests of both the consumers and producers. The rising oil price is affecting the consumers and
economists warn about an inflationary sto…
Friday 15 October 2021
Why do US crude inventoreis rise, when oil prices soar?
Defying logic, the US crude inventories rose for the
third successive week, according to the data released by the EIA, US Energy
Information Administration and the API, American Petroleum Institute. The API said on Tuesday that the US crude
inventories rose by staggering 5.21 million barrels; the E…
Thursday 14 October 2021
The EIA predicts higher fuel bills for US consumers this winter: the energy crunch shows no sign of abating
There is no sign of let-up in the global energy
crunch as of this week, as the chaos in supply chains grows unabated alarmingly.
Long standing, sometimes running centuries back, political rivalries hardly
help alleviate a catalogue of crises stemmed from the same problem that needs
collective globa…
Tuesday 12 October 2021
Floods in Chinese Coal-mining regions: doule whammy is not just for China!
China’s energy crisis was dealt a new blow on Monday
as two key regions in the north, Shanxi and Shaanxi provinces, experienced
heavy floods. The Chinese government, according to media reports,
allocated over $12 million for those who had been affected by the disaster. In addition, some major busine…
Monday 11 October 2021
Global energy crisis: no magic bullet in the offing
The price of crude oil reached record high on Monday
as the worries over the supply of fuel for the winter months in Europe and
America are growing by the day. At present, the Western policymakers do not know
what to do in order to alleviate the crisis: gas has been in short supply for
weeks and th…
Friday 8 October 2021
Rising energy prices: no solution without turning back to fossil fuels - at least in the short-run
Although
China made it clear recently that China was committed to meets its global
obligations, when it comes to curtailing the greenhouse gases, the reality on
the ground has forced some regional powers within the country to dealing with
the acute power shortages, especially in the northeast regio…
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