Oil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →
Rising energy costs are increasingly dominating political agendas in many countries around the world both developed and developing. The U.S. shale revolution with domestic cheap natural gas has started to bite into coal’s U.S. power generation market share, which can be attributed to the coal-to-gas switch of power utilities. Note, that any change in U.S.… Keep reading →
