Russia’s oil refinery rates have slumped this month by 380,000 barrels per day (bpd) compared to December levels as several refineries are under repairs after […]
News
Gold Miner Polymetal to Exit Russia in $3.7 Billion Deal
Precious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell […]
Chevron Moves to Expand Giant Israeli Gas Field
Chevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the […]
Energy Transition Requires $3.1 Trillion in Grid Investment by 2030
Renewable energy developments continue at break-neck speed, with $644 billion to be spent on new capacity in 2024, but outdated and inadequate power grids could […]
Lithium Price Slump? Exxon Says No Problem
The price of lithium may have fallen and Albemarle may consider them to be “unsustainable”, but Exxon isn’t giving up on its lithium expansion plans, […]
Buffett-Backed Occidental CEO Says Oil Shortage by 2025
Warren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude reserves at a fast enough pace. […]
Electric Vehicle Giant BYD Plans Factory in Mexico
Chinese electric vehicle major BYD is considering opening a factory in Mexico, the Wall Street Journal has reported. Citing unnamed sources, the publication said that […]
Russian coal exports keep falling, reducing supply on global market – Roman Bilousov
Russian coal exports declined further in 2024 amid economic sanctions and logistical issues. Recent US sanctions against SUEK and Mechel, meaning that these companies are […]
The Decline In Coal Appears To Have Been Exaggerated
Governments and international organizations have made ambitious pledges to reduce their emissions, a reduction that will require the phase-out of coal. Despite these pledges, countries […]
Metallurgical coal is the commodity world’s quiet performer
When looking at the commodities used to make steel, iron ore gathers the bulk of headlines given its strong link to the perceived health of […]