ENERGY

By Charles Kennedy of Oilprice.com

Chevron has evacuated three oil and gas platforms in the Gulf of Mexico ahead of tropical storm Idalia which is strengthening to a hurricane and expected to make landfall in Florida on Wednesday.

The U.S. supermajor said on Tuesday that it had evacuated non-essential personnel from its Blind Faith and Petronius platforms, and all staff had been removed from its Genesis platform in the Gulf of Mexico.

Oil and gas production continued on (more…)

Oil prices are extending yesterday's gains this morning, after API reported a huge crude draw and the dollar weakness supportive. A military coup in OPEC-member Gabon added some risk premium to oil prices, however, as Keshav Lohiya, founder of consultant Oilytics, wrote in a note this morning, “oil markets are very quiet,” adding that crude has been supported by bullish inventory data.

Additional support for oil prices are headlines that Russia is discussing with its OPEC (more…)

Britain's Climate Change Committee (CCC) has urged millions of Britons to not heat their homes in the evening to help the government hit its net zero target.

Chris Stark, the Climate Change Committee head, has previously admitted he uses a gas boiler because a heat pump is 'a very difficult thing to put in there'

No, they aren't urging elites to ditch their private jets for commercial, or not to burn 1,000 of fuel taking the yacht out for a jaunt. Chris Stark, (more…)