The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of Continue Reading
Oil prices plunged more than 10 percent on Friday as reports of a virulent new coronavirus variant sparked fears of more pandemic lockdowns and another blow to fuel demand, just Continue Reading
Oil Market Overreacting to Covid News, Analyst Sen Says Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus Continue Reading
OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a week before Continue Reading
Oil Market Overreacting to Covid News, Analyst Sen Says OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant Continue Reading
The head of the International Energy Agency has criticized OPEC for failing to do enough with regard to lowering oil prices While Biden coordinated a reserve release from multiple oil-consuming Continue Reading
Nov 26 (Reuters) – Iran wants the verifiable lifting of economic sanctions it is under, Foreign Minister Hossein Amirabdollahian said on Friday, three days before nuclear talks resume in Vienna. Continue Reading
As the world grapples with the emergence of the new highly transmissible variant of COVID-19, worried scientists in South Africa — where omicron was first identified — are scrambling to Continue Reading
The identification of a new, highly-mutated variant of the coronavirus virus in southern Africa this week highlights the risk to global public health posed by large, unvaccinated populations in the developing world, Continue Reading
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026. Offshore Technology Continue Reading
China’s increasingly extreme Covid Zero policies are standing in the way of a full recovery for the shipping industry and prolonging a crisis that’s snarled ports and emptied shelves worldwide. Continue Reading
Merck & Co (MRK.N) said on Friday updated data from its study of its experimental COVID-19 pill showed the drug was significantly less effective in cutting hospitalizations and deaths than Continue Reading
All options are on the table in how to respond to Russia’s “large and unusual” troop buildup near Ukraine’s border, and the NATO alliance will decide on the next move Continue Reading
The Biden administration proposed a slew of changes on Friday to the nation’s federal oil and gas leasing program, including hiking fees on drilling companies to keep them out of Continue Reading
In an effort to boost revenue and protect the environment, the Biden administration on Friday laid out plans to make fossil fuel companies pay more to drill on federal lands Continue Reading
Germany’s new energy transition plan is unlikely to have a big impact on prices in Europe’s carbon market, analysts said on Friday, despite plans to introduce a minimum carbon price Continue Reading
Russia’s oil-output growth has slowed this month, as the nation’s producers are running out of spare capacity. This could give OPEC’s main ally a reason not to oppose any move Continue Reading
Tens of thousands of people across Britain were left without power overnight as Storm Arwen brought strong winds that gusted up to nearly 100 miles per hour (160 kph) parts Continue Reading
A total of 61 people who arrived in the Netherlands on two flights from South Africa on Friday tested positive for the coronavirus and were in isolation on Saturday as Continue Reading
Germany’s new coalition partners have struggled to reach consensus on everything from taxes to pensions to climate change. But one thing unites them: a desire to be the country’s most Continue Reading
Ukrainian President Volodymyr Zelensky asserted Friday that a group of Russians and Ukrainians planned to attempt a coup in Ukraine next month and that the plotters tried to enlist the Continue Reading
Highlights 2030 hydrogen demand 120 mil mt with govt pledges Over 200 mil mt needed by 2030 for net-zero pathway Massive additional renewables needed: Platts Analytics More ambitious and concrete Continue Reading
Oil prices dived more than 5% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in Continue Reading
Oil fell sharply as a new Covid-19 strain raised concerns about the outlook for demand, sending global markets spiraling. Futures in New York tumbled below $74 a barrel and benchmark Continue Reading
A new and unchartered type of price war is brewing, according to Rystad Energy. A new and unchartered type of price war is brewing in the oil market, according to Continue Reading
After decades in which governments and industry groups have often assumed that the shift to renewable energy will be a financial burden, economists and analysts are increasingly making a case Continue Reading
South Africa’s recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban Continue Reading
The identification of a fresh Covid-19 strain in South Africa could not have come at a worse time for the rand. Already reeling from concerns about Federal Reserve policy and Continue Reading
Halliburton’s Boots & Coots unit has been called in by independent producer Aiteo Eastern E&P Co. to contain a leak. Halliburton Co., one of world’s largest oil services companies, said Continue Reading
Reliance Industries (RELI.NS) and Saudi Aramco (2222.SE) have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due Continue Reading
China’s energy crisis won’t derail plans to make progress on curbing greenhouse gas emissions in the next few years, according to a top researcher involved in drafting proposals. The 2025 Continue Reading
A new data protection law is changing the calculus for doing business in China, with foreign and domestic firms scrambling to comply, and some companies including LinkedIn and Yahoo choosing to Continue Reading
Asia has seen a run in natural gas supplies, and prices are simply not easing up. Asia’s problem with natural gas supplies may not be limited to this winter alone. Continue Reading
China-based EV maker NIO has entered into a strategic partnership with Shell to further its involvement in electric vehicle and energy industries globally. As part of this new strategic cooperation Continue Reading
An employee of Tokyo Electric Power Co. (TEPCO) looks up at a tank reserved for storing treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima Continue Reading
The largest utility in Southern California cut power for more customers in the mountains near Los Angeles as strong winds raised the risk of wildfire, marking the second year in Continue Reading
For all the hype surrounding hydrogen, the cheapest way to warm a home during the green transition will be a heat pump. That’s the finding a new study by European Continue Reading
tSpectrum Health, a major health-care system here, officials spent part of last week debating whether to move to “red status” in a show of how strained hospitals had become. A Continue Reading
Lithium is once again rallying as automakers go all-in on electric vehicles. Demand for lithium is set to see a prolonged rally, prompting buyers to scramble to secure long-term contracts. Continue Reading
The average price for regular unleaded gasoline in California hit a new record. The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.709, Continue Reading
A new variant of the coronavirus that causes Covid-19 — called B.1.1.529 — has been identified in South Africa, with officials there saying it’s highly concerning. Fears that a new Continue Reading
Britain said on Friday that a newly identified coronavirus variant spreading in South Africa was considered by scientists to be the most significant one yet found and so it needed Continue Reading
Proxy advisory firm Institutional Shareholder Service (ISS) recommended shareholders support Royal Dutch Shell’s (RDSa.L) plan to move its head office from the Netherlands to Britain, according to a document seen Continue Reading
European Union nations were moving to stop air travel from southern Africa on Friday, seeking to counter the spread of a new COVID-19 variant as the 27-nation bloc battles a Continue Reading
As countries across Europe reimpose lockdowns in response to surging COVID-19 cases and deaths, the UK – long one of Europe’s hardest-hit countries — carries on with a policy of Continue Reading
Germany is facing a ban of combustion-vehicle sales before the end of the decade — that’s if the home of Volkswagen AG is serious about hitting the new government’s targets Continue Reading
Russian authorities opened a criminal investigation into a suspected methane-gas explosion at a Siberian coal mine that killed more than 50 people and left dozens hospitalized, casting a spotlight on a Continue Reading
A gas buildup and explosion in a Siberian coal mine on Thursday killed at least 52 people — including six rescuers — in the country’s worst mining disaster in over Continue Reading
Ukraine’s dependence on natural gas imports has left it vulnerable to Russian influence and increasing prices. According to energy experts and officials, Ukraine could substantially reduce its use of natural Continue Reading
Europe’s first cold spell of the heating season has arrived, pressuring power prices higher as freezing temperatures ushers in increased power demand to heat building structures across the central-west region. Continue Reading
