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US oil shipments to China stop

US oil shipments to China stop

The President of China Merchants Energy Shipping Co (CMES) has said US crude oil shipments to China have “totally stopped” amidst a trade war between the world’s largest economies. Both countries have increased import tariffs on hundreds of goods over the past months and although US crude exports have not […]

WHEELING, WV - SEPTEMBER 29: President Donald J. Trump speaks to supporters at his rally inside the WesBanco Arena on September 29, 2018 in Wheeling, West Virginia. (Photo by Jeff Swensen/Getty Images)

Key election state shows backing for Trump’s pro-coal policies

Donald Trump spoke of his continued commitment to end the ‘war on coal’ and support jobs in the industry. Speaking at a rally in West Virginia, the president outlined his government’s achievements in reviving the coal industry. “We’ve ended the war on beautiful, clean coal and in just the last […]

Total to expand North Sea exploration after Glendronach success

Total to expand North Sea exploration after Glendronach success

Total to expand North Sea exploration after Glendronach success Total’s UK head has said the company expects to expand drilling at its basin west of Shetland as competing oil giants jostle for position. Jean-Luc Guiziou, managing director of Total E&P UK, has said he expects the company to commence drilling […]

Belgium set for winter blackouts amidst aging nuclear plants

Belgium set for winter blackouts amidst aging nuclear plants

Belgium is preparing for power shortages this winter as its ageing nuclear fleet struggles to meet demand. The first course of action, according to energy minister Marie-Christine Marghem, is to ask neighbouring countries, including France, Germany and the Netherlands, to transport electricity via cross-border cables. Another option is to contract […]

UK coal revival as gas prices spike

UK coal revival as gas prices spike

Coal has seen a resurgence in the UK due to rises in gas prices. Utility companies have increased their demand for coal after a surge in wholesale natural gas prices, which reached a 10-year high this month. Since June there has been a gas price spike of 50 percent in […]

EU establishes body to trade with Iran

EU establishes body to trade with Iran

The European Union has created a special-purpose body that will deal with transactions that include Iranian oil and European goods in a bid to avoid the latest round of US sanctions on the Middle Eastern nation. In a statement at the UN, the EU’s head of foreign policy Federica Mogherini, said: […]

Iranian oil exports drop prior to US sanctions

Iranian oil exports drop prior to US sanctions

Iran has witnessed a drop in oil exports ahead of America’s second round of sanctions to be imposed on the Middle Eastern nation, according to a global banking institute. The Institute of International Finance (IIF) found exports of crude oil and condensates between April and September 2018 fell by 0.8 […]

Trump touts US energy at UN assembly

Trump touts US energy at UN assembly

US President Donald Trump has used his speech at the UN General Assembly to promote America’s booming energy sector, while riling international relations. During his presidency, Trump has followed through with his campaign pledge of achieving energy dominance, having made the US the world’s largest energy exporter. “We’ve become the […]