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Top Stories
U.S. capital running out of gas, even as Colonial Pipeline recovers
Washington was running out of gasoline on Friday, even as the country's largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon.
7 hours ago
Latest News
Column: Rising U.S. gas prices will encourage more coal burning: Kemp
U.S. natural gas prices have surged after last year’s slump, which will limit gas consumption over the summer by electricity generators and encourage a switch to more coal combustion.
15 hours ago
Tanker owners ask to switch ports for Israel oil deliveries, sources say
At least two tanker owners delivering crude oil to Israel have asked to divert from Ashkelon to the port of Haifa because of fighting, shipping sources said on Friday.
16 hours ago
Ditch coal to avert 'catastrophe', UK's climate tsar says
World leaders must agree to make coal a thing of the past at November's summit or there will be a climate catastrophe due to global warming, Britain's climate tsar said on Friday.
19 hours ago
China plugs tax loophole with import levies for key blending fuels
China will introduce hefty taxes on imports of light cycle oil (LCO), mixed aromatics and diluted bitumen from June 12 aiming to curb imports blamed for worsening a fuel surplus and polluting the environment.
19 hours ago
Rocketing Chinese steel prices prompt regulator to warn mills
Regulators in the cities of Shanghai and Tangshan warned local steel companies on Friday against price gouging, collusion and spreading false market information, following a surge in prices to record highs during recent weeks.
20 hours ago
Factbox: Getting out of gas - the sold and scrapped projects
Natural gas, long touted as a transition fuel by policymakers and industry, is losing its appeal for some producers in Europe as they try to reach net-zero emissions.
a day ago
Biden says East Coast fuel shortages to end in days as pipeline reopens
U.S. President Joe Biden on Thursday reassured U.S. motorists that fuel supplies should start returning to normal this weekend, even as more filling stations ran out of gasoline across the Southeast nearly a week after a cyber attack on the nation's top fuel pipeline.
a day ago
U.S. barge backup worsens as Mississippi River shut near Memphis
A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports.
a day ago
Oil drops 3% on India's COVID-19 crisis, U.S. pipeline restart
Oil prices fell about 3% on Thursday as India's coronavirus crisis deepened and a key U.S. fuel pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after forecasts for a rebound in global demand later in the year.
a day ago
Total to boost Texas refinery gasoline output after drawing down fuel in storage -sources
Total SE plans to raise gasoline production at its 225,500 barrel-per-day (bpd) Port Arthur, Texas, refinery after drawing down the fuel in full storage tanks, sources familiar with plant operations said on Thursday.
a day ago
Far from Colonial Pipeline, panic buying leaves Florida cities short of gas
In Tampa, Florida, a third of the city's gas stations were out of fuel on Thursday. In Miami, outages stood at nearly 40% and growing as residents rapidly filled up their tanks in response to a temporary shutdown of the Colonial Pipeline.
a day ago
U.S. refiner Valero granted Jones Act waiver after Colonial outage -sources
U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast.
a day ago
U.S. appeals court denies Dakota Access oil pipeline stay request
(Corrects headline to specify "appeals court" denied request)
a day ago
U.S. senator floats bill to aid states hit by federal oil leasing pause
Democratic Senator Martin Heinrich on Thursday introduced a bill that would help states that rely on oil and gas revenue weather the U.S. transition away from fossil fuels by offering federal support to help fill gaps in state and school budgets hit by a decline in oil and...
a day ago
Biden says fuel shortages should ease by this weekend as pipeline restarts
President Joe Biden said on Thursday that Colonial Pipeline should be reaching full operational capacity right now and he expects to see fuel normalcy this weekend, after an attack on the company triggered fuel shortages and panic buying in the southeastern United States.
2 days ago
U.S. retail gasoline shortages worsen as pipeline attempts restart
Shortages of gasoline at retail stations in the U.S. Southeast became more widespread on Thursday after days of panic buying triggered by a major pipeline shutdown that is now in the early stages of an attempted restart.
2 days ago
Confident Prysmian nears new U.S. high-voltage cable deal
Prysmian is close to a "very interesting" contract to develop a high-voltage underground network in the U.S., the Italian company's chief executive said on Thursday.
2 days ago
Colonial Pipeline paid hackers nearly $5 million in ransom - Bloomberg News
Colonial Pipeline paid nearly $5 million to Eastern European hackers on Friday after a crippling cyberattack that shut the largest fuel pipeline network in the United States, Bloomberg News reported, citing two people familiar with the transaction.
2 days ago
U.S. House Speaker Pelosi voices opposition on firms paying ransom after cyber attacks
U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that ransom should not be paid by companies that are the victims of cyber attacks like the one suffered by Colonial Pipeline.
2 days ago
Renewables evolution or revolution? Pace of tech investments will decide
Global investment in energy transition technologies needs to more than double over the next few decades to significantly reduce the cost of renewables, which are set to provide around 60% of the world's energy needs by 2050, industry officials say.
2 days ago
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