IEA Finds CO2 Emissions Flat for Third Straight Year
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity.
US Coal-fired Power Plants Easy Prey for Gas: Kemp
President Barack Obama's administration has been blamed for the closure of a record number of coal-fired power plants across and heavy job losses in the mining industry. Since the current administration began in January 2009…
European Coal Market Pressured by Supply Glut
Peabody Energy says may seek bankruptcy protection. European thermal coal held near multi-year lows on Wednesday, as the market remained in oversupply, limiting any potential gains. European cargoes for nearby delivery into Amsterdam…
Britain's Coal Transition Holds Lessons for China
Britain's last deep coal mine closed on Friday, bringing the curtain down on an industry that once employed more than 1 million miners at over 3,000 collieries. Coal helped Britain become the first modern industrial power…
Thatcher's Secret Weapon in Miners' Strike Shuts, Ending an Era
Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close. Littlebrook is an unlikely symbol of modern Britain.
Brussels to Host 'Kick-off' Gas Talks on Friday
Talks between Russian and Ukrainian energy ministers and the European Commission to take place on Friday are a preliminary step towards a deal by around June on ensuring future gas supplies, EU officials said.
Kemp: Britain's North Sea O&G Firms Must Look to Future Abroad
Britain's North Sea oil and gas operators are mounting an impressive lobbying campaign to win tax concessions and other government help ahead of the final budget of this parliament on March 18. In an editorial…
Ukraine Faces Loss of Gas Discount if Russia, EU Talks Fizzle
With less than four weeks until its deal for Russian natural gas imports ends, Ukraine risks losing its current discount unless it can agree a new pact, something that took six months and help from the European Commission to achieve last time.
Kemp: U.S. Crude Oil Stocks Return to 1930s Crisis Levels
U.S. commercial crude oil stocks last week hit their highest level since 1931 - when the opening of giant oil fields in the United States coincided with the Great Depression to create an enormous glut…
Turkey Frets After Putin Picks it for Major Gas Role
Russia's offer of a centre stage role in its revised gas export plans to Turkey, after President Putin killed off the South Stream pipeline to southeast Europe, has been greeted with more muted applause in Ankara than Moscow might have hoped.
US Manufacturing Renaissance Proves Elusive Despite Cheap Gas
According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical studies show the impact has been small…
Lithuania Wants Speedier Gas Market Reforms in Latvia
State-owned Lithuanian firms are seeking to buy a majority stake in the country's gas utility company Latvijas Gaze to speed up market reforms to fully benefit from new liquefied natural gas (LNG) imports, the energy minister said.
Kemp: Time for a Good Sweating in Oil Markets
U.S. demand for petroleum products has experienced an unprecedented and broad-based decline over the last eight years as soaring oil prices have forced consumers to become more efficient and seek cheaper alternatives.
Ukraine parliament strikes down PM's energy proposals
Ukraine's parliament struck down plans by Prime Minister Arseny Yatseniuk on Thursday to guarantee the government tighter control over the energy sector in the face of dwindling natural gas supplies after Russia cut off exports last month.
Coal Prices Drop on Low Summer Demand, Healthy Supplies
European physical coal prices dropped along with natural gas on Tuesday as the region went into the lowest demand season of the year and supplies remained healthy. Cargoes for delivery in August to Amsterdam…
June Physical Contract Falls to New Low
European physical coal prices for June fell to a new low on Thursday as warm weather across Europe reduced energy demand and cheaper gas prompted coal producers to reduce their offers. Cargoes for June delivery to Amsterdam…
Russia's South Stream Pipeline Could Run to Turkey
Russia's controversial South Stream pipeline, which would transport gas via the Black Sea into Europe towards the end of the decade, received support from Turkey on Wednesday when Ankara said it may let the conduit pass through its territory.
Valero Energy CEO Klesse to Retire in May
Bill Klesse, the silver-haired chief executive officer of Valero Energy Corp, the largest U.S. refiner, will retire in May after eight years at the helm, the company announced on Monday. He will be succeeded by Chief Operating Officer Joe Gorder…
