Demand for hydrofracking equipment has been quickly outpacing supply lately, causing a serious parts shortage that is beginning to hamper the expansion of U.S. oil and gas production. Halliburton Company warned in July that “supply chain bottlenecks, even for diesel fleets, make it almost impossible to add incremental capacity this year.” The Texas-based energy company…

Warning about the global energy crisis, the International Energy Agency says the worse is yet to come, especially for Europe. Optimism for the economy is at a record low among small businesses. What could this mean for the U.S. economy? Amazon’s biggest sale of the year starts today on Prime Day. We speak to buyers and sellers to see…

Warning about the global energy crisis, the International Energy Agency (IEA) says the worst is yet to come, especially for Europe. Optimism for the economy is at a record low among small businesses. What could this mean for the U.S. economy? Amazon’s biggest sale of the year starts on Prime Day. We speak to buyers and sellers to…

U.S. natural gas prices in early morning trading on May 3 surged to their highest levels since September 2008, as faltering domestic gas production and the Russian invasion of Ukraine continue to disrupt global energy markets. Natural gas prices have jumped more than 8 percent over the last two sessions, following a nearly 30 percent…

Sanctions placed on Russia, by many of the world governments for invading Ukraine, have aggravated global energy supplies, and forced many countries to revert to other sources of energy, including coal, that the West has tried to move away from because of concerns about high carbon dioxide emissions. China is also taking the opportunity to…

Shipments of Australian coal that have been stranded in Chinese ports for months have finally been unloaded as China grapples with an energy crisis that has seen coal and gas prices surge to new peaks. A confluence of factors including the approaching winter months, the Chinese Communist Party’s (CCP) moves to reduce carbon emissions, COVID-19 restrictions,…

Australia’s resource and energy exports are expected to bring in a record $349 billion (US$253 billion) in 2021-22, according to a new report by the Department of Industry, Science, Energy, and Resources. While iron ore export profits will fall amid crashing iron ore prices, surging demand for thermal and metallurgical coal will drive Australian resource…