International
Markets , Trade , International
China Power Shortages Spread, Shutting Factories and Dimming Growth Outlook
The power crunch has hurt production in industries across several regions of China and is dragging on the country’s economic growth outlook, analysts said.
Markets , Trade , International
Panic Buying Leaves Up to 90% of Fuel Pumps Dry in Major British Cities
Just days after Prime Minister Boris Johnson’s government spent millions of pounds to avert a food shortage due to a spike in prices for natural gas, ministers asked people to refrain from panic buying.
Markets , Trade , International
Britain Tells Consumers ‘Don’t Panic Buy’ as BP Shuts Gas Stations
In a further sign of worsening supply chain dislocation, BP temporarily closed some of its 1,200 U.K. petrol stations due to a lack of both unleaded and diesel grades, which it blamed on driver shortages.
Business , Exploration & Production , Trade , Methane , Legislation , International , Emissions , Energy Transition , Midstream
Biden Has Wielded Executive Actions to Propel Oil and Gas Agenda
Presidential orders are advancing the administration’s goals on climate, clean energy and environmental justice, says Baker Botts team.
Exploration & Production , Trade , International
Lebanon Seeking Answers over Halliburton Offshore Israel Contract
The two countries have been holding on-off U.S. mediated talks since October to try to resolve the issue.
Business , International , Drilling
Houston-based NESR Continues to Strengthen Middle East Offerings with New Partnership
NESR has made several organic and inorganic long-term investments to grow its drilling and evaluation services segment.
Legislation , International , Shale Plays
Argentina Sends Energy Bill to Congress to Boost Vaca Muerta
The project propose an incentive scheme based on increased approvals for oil and gas exports, and boosting access to foreign exchange markets—now hindered by capital controls.
Natural Gas , Trade , International , Pipelines
Record Gas Prices Could Speed Up Launch of Russia’s Nord Stream 2 Pipeline
The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.
Crude Oil , International
OPEC Expects Delta Variant to Delay Oil Demand Growth
"The increased risk of COVID-19 cases primarily fueled by the Delta variant is clouding oil demand prospects," OPEC said in its latest report.
Business , Crude Oil , International
OPEC Set to Revise Down 'Optimistic' Oil Demand Outlook, Sources Say
OPEC is set to release a report next week with downward revisions of demand outlook due to the spread of the Delta variant.