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.

September 27, 2021

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.

September 27, 2021

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.

September 23, 2021

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.

September 21, 2021

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.

September 20, 2021

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.

September 16, 2021

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.

September 16, 2021

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.

September 16, 2021

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.

September 13, 2021

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.

September 10, 2021