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…
LIVE NOW: IEA: Global Energy Crisis May Get Worse; Small Business Optimism Lowest in 48 Years | NTD Business
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…
IEA: Global Energy Crisis May Get Worse; Small Business Optimism Lowest in 48 Years | NTD Business
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…
Natural Gas Prices Reach Highest Levels in Nearly 14 Years
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…
China Increases Coal Production Amid Global Energy Shortage, Moves Carbon Reduction Plans Further to the Future
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…
China Unloads Stranded Australian Coal to Address Energy Crisis as Prices Escalate Further
October 7, 2021
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Asia & PacificAustraliaAustralian coalBusiness & Economyccp economic coercionChinaChina-Australia RelationsEconomiesglobal energy crisisInternationalInternational Relationsjosh frydenbergLNGWorld
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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 to Profit From Global Energy Crunch as Coal Prices Surge
October 4, 2021
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AustraliaAustralian coalBusiness & EconomyChinaChina-Australia RelationscoalEconomiesenergy shortageglobal energy crisisInternationalWorld
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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…
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