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(Reuters) – China’s electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world’s …
China’s EV Penetration Could Reach 80% by 2030, Sinopec Researcher Says Read More »
(Reuters) – Global coal demand is forecast to rise by 1.2% in 2026 to a record 8.94 billion tonnes due to the Middle East conflict, the International Energy Agency said on Thursday. Disruptions to oil and liquefied natural gas shipments through the Strait of Hormuz since the U.S.-Iran war started have driven up prices and …
By Jonathan Saul and Catherine Cartier Slick grown exponentially since end-July, Greenpeace says IOPC Funds will not cover clean-up citing ‘act of war’ U.N.’s IMO says contingency planning in place Tanker held 800,000 barrels of Russian oil, was under sanctions LONDON, Aug 12 (Reuters) – A vast oil spill from a leaking tanker has started …
Huge Oil Slick Hitting Oman’s Shoreline as Agencies Warn of Disaster Read More »
World faces a shortfall of 1.8 million barrels a day this quarter By Grant Smith Global oil markets are undergoing a more severe supply squeeze than expected following renewed escalation in the Iran war, even as demand takes a deeper hit from higher prices, the International Energy Agency (IEA) said. The world faces a shortfall …
Oil Supply Shortfall Worsens Despite Hit to Demand From Iran War, Says IEA Read More »
Summary All recent Yanbu crude loadings conducted without AIS signals Dark voyages create wide discrepancies in Saudi export estimates Saudi crude loadings from Egypt’s Sidi Kerir hit record: Vortexa LONDON, Aug 12 (Reuters) – Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks …
Saudi Red Sea Oil Exports Go Dark as Houthi Attack Threat Grows Read More »
Summary IEA sees 1.8 million bpd oil market deficit in Q3 Sees 2026 global oil demand contracting by 1.6 million bpd Middle East output 8.3 million bpd below pre-war levels in July Russian refinery runs hovered near 20-year low after Ukrainian drone attacks, IEA says (Reuters) – Global oil supply will fall by 4.3 million …
IEA Slashes 2026 Supply Forecast as Hormuz Reopening Remains Elusive Read More »
(Reuters) – Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the U.S. Energy Information Administration said on Tuesday. Disruptions to shipping through the Strait of Hormuz and attacks on energy …
Some Middle East Oil Output Will Stay Shut Through Next Year, US EIA Says Read More »
Ukrainian forces have stepped up strikes on Russian energy infrastructure and other sites in what Kyiv says is an effort to deprive Russia of resources to fund its military. Following is a summary of the attacks — starting with the most recent — and their impact: ORSK The Ukrainian military said on Tuesday it had …
Ukraine’s Attacks on Russian Energy Sites – What Has Been Hit? Read More »
Shipping traffic through the Strait of Hormuz fell to six on Monday, compared with a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between the U.S. and Iran. Four commodity vessels, including two empty oil product tankers, entered the waterway, data from Kpler showed on Tuesday as …
Gulf Shipping Traffic via Strait of Hormuz Falls to Six Vessels Read More »
Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all of a sudden, capitalist cracks are appearing in Cuba’s communist energy sector. Under Washington’s crippling oil embargo against Cuba, an exception that allows U.S. firms to export …
US Fuel Sales to Cuban Business Bring a Glimpse of Capitalism to Havana Read More »
