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U.S. gasoline prices have edged slightly higher as oil prices have struggled to break out of the low-$80s, with sluggish U.S. demand one of the factors keeping prices range-bound. Data compiled by GasBuddy from more than 12 million individual price r...

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) fell 4.5% from June to July. Although the pace of declines appeared to slow from the previous month, U.S. flat rolled steel prices remained bearish during June. HRC prices fell nearly 7%, foll...

Let's take a break from the chaos in American politics and gravitate towards the Middle East.  Iran-backed Houthis are still lobbing missiles, kamikaze drones, and boat drones at Western-linked commercial vessels sailing through the critical maritime...

Europe’s Intercontinental Exchange Inc (ICE) has revealed that trading in European diesel futures and options has been thriving ever since Russian crude was excluded from the continent’s benchmark.  ICE has reported seeing a series of open interest r...

China’s economy expanded by 4.7 percent in the second quarter of the year compared to the same period last year, according to official data released on Monday.   This growth rate fell short of economists’ expectations of 5.1 percent and represented a...

China, Japan and South Korea are set to receive cargoes of oil imports from Canada's newly expanded Trans Mountain pipeline in September, becoming the first Asian countries to benefit from the facility since it became operational in May.  The expande...

NATO’s 75th anniversary summit in Washington in some ways mimicked the very first gathering of the Atlantic Alliance back in 1949, especially in the way Western leaders fixated on checking Russian aggression. But along the sidelines, a lot occurred w...

U.S. oilfield services jobs saw another month of job gains in June, pointing to continued improvement in the energy sector job market, while overall U.S. jobs growth moderates and the unemployment rate rises. The U.S. oilfield services sector saw a g...

Chinese state-held oil and gas giant CNOOC said on Monday it had achieved an exploration breakthrough in medium-to-deep Mesozoic plays in the Bohai Bay offshore China.  CNOOC, which specializes in offshore exploration and production in China and abro...

A reader of mine asked the following question in a recent email: If climate change is such a threat, how come U.S. coastal properties continue to rise in value? This seems like a conundrum unless you know what is actually driving the trend. And, it's...

The oil market and the U.S. stock futures were calm early on Monday morning after the U.S. was rattled by the assassination attempt on former president Donald Trump during a rally in Pennsylvania this weekend. Investigation showed that the shooter ac...

China aims to avoid coal shortages during the peak summer demand season by stockpiling coal and increasing production.China boosted its coal production in June to the highest level in six months as it looked to meet power demand for cooling in the su...

Natural gas sales of Russian gas producer and LNG exporter Novatek dropped in the second quarter and first half of this year compared to the year-ago periods, the company said in a preliminary operations report on Monday.   Preliminary data on total...

Nigeria’s Dangote Group plans to list its company Dangote Petroleum Refinery & Petrochemicals, which runs Africa’s largest refinery, on the Nigerian stock exchange in early 2025, the group’s president Aliko Dangote said this weekend.   The group also...

Supertankers could begin docking in Argentina to load oil from the country’s shale patch after a pipeline is set to connect the Vaca Muerta shale play with a terminal at Punta Colorada port capable of handling the so-called very large crude carriers...

China’s natural gas production increased by 6% in the first half of the year compared to the same period a year earlier as state companies are boosting domestic output with new field start-ups.  Chinese natural gas production stood at 123.6 billion c...

One of the Middle East’s largest oil producers, Kuwait, announced on Sunday a “huge” discovery of oil and associated gas in an offshore field east of Failaka Island.  Preliminary estimates have shown that reserves at the Al-Noukhitha offshore field c...

The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity is getting more instead of less expensive. With those signs, ot...

Maritime Strategies International (MSI) has scaled back its Middle East Gulf region jackup drilling demand growth after Saudi Aramco suspended contracts for over 20 jackups. Saudi Aramco's surprise move came in the wake of the country’s decision to p...

The growth of Artificial Intelligence has come on so strong and so fast that it threatens to destabilize the energy industry, the economy, and the climate.  Last week, Google stated that its carbon emissions have skyrocketed by a whopping 48 percent...