Crude oil futures were slightly lower in mid-morning trade in Asia on Aug. 13, as traders paused for fresh cues after an overnight rally on a larger-than-expected drawdown in US Continue Reading
Oil was steady near $43 a barrel after the International Energy Agency cut forecasts for global oil demand. Futures in New York edged higher though the agency reduced its estimates for almost every Continue Reading
Oil closed above a key technical level buoyed by U.S. energy data that suggest a much-awaited recovery in demand is underway as the summer driving season nears an end. Futures Continue Reading
The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced estimates for almost every quarter Continue Reading
The International Energy Agency has revised down its forecasts for oil consumption this year and next as a recovery in global demand slows. The Paris-based agency said global oil demand would Continue Reading
Global refinery crude intake is recovering but it lags behind the demand increase due to high inventories, the International Energy Agency said Aug. 13. In the second quarter, global refining Continue Reading
The International Energy Agency on Aug. 13 lowered its estimates for world oil demand this year and next, along with its estimate of the “call” on OPEC crude oil, due Continue Reading
The intensive-care units at the Salvador Zubirán hospital in Mexico City have been operating at full capacity for three straight months—their beds filled with unconscious Covid-19 patients, positioned face down Continue Reading
The basic facts about climate change have been clear for many decades: Burning fossil fuels produces carbon dioxide, which alters the chemical composition of the atmosphere and causes it to trap Continue Reading
No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global energy sector Continue Reading
This city roars in the summertime. You hear the generators on every street, shaking and shuddering to keep electric fans whirring as the air seems to shimmer in the heat. Iraq Continue Reading
Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on Wednesday, Continue Reading
Saudis staying home for vacation because of the COVID-19 pandemic are helping to boost demand for gasoline in Fujairah, where motor fuel exports jumped to a two-year high in July, Continue Reading
Autonomous-vehicle road testing has skidded to a halt in the U.S. amid the Covid-19 pandemic. But China’s startups have pushed ahead by more than doubling the number of self-driving car Continue Reading
More than half of the vessels are very large crude carriers, the workhorses of seaborne oil trade, which can move up to two million barrels each in a single sailing. Continue Reading
Beijing is on alert for flooding as China struggles with a series of severe weather events that are driving up food prices and threatening its economic recovery from coronavirus. The Beijing Continue Reading
A key supplier to Apple Inc. and a dozen other tech giants plans to split its supply chain between the Chinese market and the U.S., declaring that China’s time as factory Continue Reading
A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global Continue Reading
Lethal heatwaves, droughts, floods and typhoons will become more common in Asia-Pacific, which faces more severe potential impacts from climate change than many parts of the world, according to McKinsey & Continue Reading
Chinese President Xi stressed the need to maintain a sense of ‘crisis’ around food China has stepped up measures to reduce food waste, after President Xi Jinping called the amount Continue Reading
U.S. gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside but uncertainty lingers for the oil industry as driving season season approaches its Continue Reading
How much does climate change actually cost? It’s one of the more important questions, and also one of the more difficult ones. The reason often hinges on one word: attribution. It’s one Continue Reading
Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the third-fastest start to a storm season in more than a Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Monday’s derecho across the Corn Belt and Midwest laid siege to more than 10 million acres of Iowa’s corn and soybean crop, devastating farmers and capping off what has already Continue Reading
U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending August 7, 2020 which was 21,000 barrels per day more than the previous week’s average. Continue Reading
Four months ago, Congress approved the ambitious and unprecedented Paycheck Protection Program (PPP) as part of the $2 trillion pandemic rescue package, and now we’re starting to see the benefits Continue Reading
The United States shale revolution didn’t just transform West Texas, and it didn’t just transform the energy sector, and it didn’t just transform the entire U.S. economy. It was a Continue Reading
US crude inventory draws extended during the week ended Aug. 7, amid a down turn in production and rising exports, US Energy Information Administration data showed Aug. 12. Receive daily Continue Reading
Six former Environmental Protection Agency chiefs called Wednesday for a “reset” at the agency after President Donald Trump’s regulation-chopping, industry-minded first term, backing a detailed plan by former EPA staffers Continue Reading
The crude crash price and subsequent shut-ins across the Permian Basin in the second quarter of 2020 allowed multiple producers to reduce their associated gas flaring volumes, prompting state officials Continue Reading
Highlights NOAA predicting three-five major hurricanes in 2020 season Hurricane Harvey seen as testing virtual response Washington — Major oil and gas trade groups Aug. 12 expressed confidence in their Continue Reading
While many US oil and gas producers have slowed drilling activity to a bare minimum in response to low prices, operators holding federal permits have boosted activity ahead of a Continue Reading
US gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside. (Bloomberg) — U.S. gasoline consumption recovered last week to where it stood just Continue Reading
Less than two hours after Kamala Harris was named Joe Biden’s running mate, President Donald Trump had cast the California Democrat as an oil industry and fracking foe. “She is against Continue Reading
More than 50 million Americans have filed for unemployment since the start of the pandemic, overwhelming some states. WSJ visits an unemployment processing event in Ardmore, Okla., to hear from Continue Reading
The U.S. reported nearly 56,000 new coronavirus cases, the highest daily tally in four days, as communities around the country face decisions on whether to reopen schools in the fall. Continue Reading
Nationwide, 200,000 more people have died than usual since March. This number is about 60,000 higher than the number of deaths that have been directly linked to the coronavirus. As the pandemic has moved Continue Reading
Complete electrification and close to 100 percent renewable energy generation: this is a vision of the United States 15 years from now. According to the visionaries, this objective is completely Continue Reading
Canada must slash the greenhouse gas emissions from its oil production in order to lure companies back to investing in increasing oil and gas production and expanding projects, Natural Resources Continue Reading
Natural gas storage inventories in the US Southeast continue building this month as the potential for a truncated regional injection season looms large over a recent price rally at the Continue Reading
US permits for new horizontal drilling in oil basins fell to a 10-year monthly low in July, Rystad Energy reported Tuesday. U.S. permits for new horizontal drilling in oil basins Continue Reading
Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as Continue Reading
Russia’s health minister (l) has rejected widespread scepticism over the vaccine programme Russia has dismissed mounting international concern over the safety of its locally developed Covid-19 vaccine as “absolutely groundless”. Continue Reading
BP plans the most massive downsizing of office locations and properties in its history amid remote work and office job cuts, the Guardian reported on Wednesday, citing senior officials and Continue Reading
Nearly 6% of people in England were likely infected with COVID-19 during the peak of the pandemic, researchers studying the prevalence of infections said on Thursday, millions more people than Continue Reading
European battery makers are gearing up to take advantage of massive “green” stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian Continue Reading
The official numbers were published Wednesday, and they are officially ugly. The British economy has plunged into a record-shattering recession, shrinking by a fifth in the second quarter and posting Continue Reading
Crude oil futures were slightly higher in mid-morning trade in Asia on Aug. 12 as American Petroleum Institute data released late Aug. 11 showed a larger-than-expected decline in US commercial Continue Reading
Oil climbed to near a five-month high after an industry report pointed to a third straight weekly drop in American crude stockpiles. Futures in New York rose past $42 a barrel Continue Reading
