In the Dirtiest Cities, Air Pollution Forces Life Changes
Thick layers of toxic smog often blanket the skies in Hanoi, limiting visibility to less than a mile away. When the pollution gets really bad in Beijing , children are Continue Reading
Tumbling oil erases decade of China-fuelled super cycle
Oil has shed two-thirds of its value since mid-2014 in a rout that essentially means gains from a decade-long commodity super-cycle have been wiped out — as if China’s unprecedented Continue Reading
Shell Cuts 2016 Spending by $2 Billion as It Prepares for BG
Light trails made by passing automobiles outside at a gas station operated by Royal Dutch Shell at dawn in Guildford, U.K. Royal Dutch Shell Plc, Europe’s largest oil company, further Continue Reading
Coal Downturn Hammers Budgets in West Virginia and Wyoming
Chris West has given up on coal. In the past year, the 42-year-old former miner was laid off by a company that later filed for bankruptcy and another that has Continue Reading
U.S. Crude-Oil Stockpiles Expected to Increase
U.S. crude-oil stocks are expected to increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 10 Continue Reading
Shell Lowers 2016 Capital-Spending Plan By $2 Billion to $33 Billion
The spending announcement came as the Anglo-Dutch oil company published several key documents on its website in preparation for the main remaining hurdle to the deal: a shareholder vote, scheduled Continue Reading
After Paris accord, most U.S. Republicans back action on climate
A majority of U.S. Republicans who had heard of the international climate deal in Paris said they support working with other countries to curb global warming and were willing to Continue Reading
Calgary Woes Spread as Oil Patch Spending Cuts Deepen in 2016
Crime is rising, home prices are falling and food banks are overwhelmed in Calgary as job losses spread. And the worst isn’t yet over in the heart of Canada’s oil Continue Reading
U.S. Oil Is Now Too Costly to Enter Biggest Crude Market: Chart
OPEC’s biggest producers probably don’t need to worry about their sales being challenged by U.S. crude exports to Asia, yet. U.S. West Texas Intermediate oil must drop $4 to $6 Continue Reading
Ford in Talks with Google on Autonomous-Driving Venture
The talks are intended to help Ford, which under Chief Executive Mark Fields has sharpened its focus on advancing car technologies, accelerate its efforts to bring autonomous cars to market. Continue Reading
ConocoPhillips Leaves Russia as It Sells Joint Venture Stake
The energy company said it sold its 50% interest in Polar Lights Co. to Trisonnery Asset Ltd. for an undisclosed amount. The owners of Trisonnery couldn’t immediately be reached for Continue Reading
What Geological, Economic, or Policy Forces Might Limit Fossil Fuel Production?
Presentation to the American Geophysical Union fall meeting, December 17, 2015, San Francisco; Union Session on “Is Peak Oil Dead and What Does It Mean for Climate Change?” According to Continue Reading
Oil Prices Recover Slightly From Record Low
The oil market recovered slightly on Tuesday after a volatile start to the week when global benchmark Brent touched lows not seen since 2004 and West Texas Intermediate sank below Continue Reading
Oil edges higher away from 11-year lows
Oil prices rallied on Tuesday but remained close to an 11-year low after one of the most influential banks in commodities warned that the market would remain oversupplied well into Continue Reading
Iraq Seeks China Oil Tie-Up Ahead of Iran Flood
Iraq is in talks to form an oil-marketing joint venture with China’s largest refiner, Sinopec, according to people familiar with the matter, as the Middle East producer prepares for rising Continue Reading
IMF: Iranian economy will grow slowly
While Iran faces a brighter economic future as the result of easing sanctions pressure, the IMF said growth for 2016 will be slower than previous years. Iran is expected to Continue Reading
Eni praises role of Tripoli’s national oil company
Less than a week after the signing of Libyan political agreements, Italian energy company Eni said it welcomed the state oil company’s role in national unity. Eni Chief Executive Officer Continue Reading
Peace in Libya Is Signaling More Pain in the Oil Market: Chart
The year 2016 may prove a time in which the theoretical underpinnings of the old adage that “the best cure for low prices is low prices” is challenged, according to Continue Reading
Oil prices edge up from 11-year lows
Oil prices edged slightly higher on Tuesday after falling to 11-year lows in the previous session, though bearish outlooks for 2016 capped gains. U.S. West Texas Intermediate (WTI) crude futures Continue Reading
Iran woos Indian refiners to drive oil sales in cut-throat market
Spurred by the prospect of an end to western sanctions, Iran has agreed to consider Indian demands for steep oil price discounts and other buying incentives, sources said, as it Continue Reading
Iraqi troops storm into center of Islamic State-held Ramadi
Iraq’s armed forces stormed the center of Ramadi on Tuesday, a spokesman for the counter-terrorism units said, in a drive to dislodge Islamic State militants from their remaining stronghold in Continue Reading
Buhari Presents Record Budget to Revive Nigeria’s Economy
Nigerian President Muhammadu Buhari asked lawmakers to approve the country’s biggest ever budget on Tuesday as he looks to revive an economy hit by collapsing oil prices. Buhari outlined plans Continue Reading
As OPEC Tries to Squeeze Rivals, One of Its Own Feels the Pinch
Forget the opposition. OPEC is doing more to ruin the holiday season for Venezuela President Nicolas Maduro than any of his rival lawmakers. Maduro stepped up attacks on his opponents Continue Reading
Pakistan moves on gas pipeline funding
The Pakistani government said it’s approved a proposal to deliver funding to help support a multilateral natural gas pipeline stretching east from Turkmenistan. An economic committee, chaired by Pakistani Finance Continue Reading
Contractor Arrested in U.S. Amid Probe of Venezuelan Oil Giant
A leading contractor for Venezuela’s state oil company and another businessman were arrested by U.S. authorities on charges of bribing foreign government officials, wire fraud and money laundering, the first Continue Reading
Buy Out, Sell Out Or Just Go Away: M&A Expected To Surge
As a new normal appears to be setting in at $40 oil, companies large and small are counting their quarters and weighing their options. Lawyers, analysts and investors are lining Continue Reading
Companies in South China See Silver Lining in Beijing’s Smog
The online ads sound alluring: Come to the sunny south of China and forget the smog of Beijing, they say. Enjoy the laid-back lifestyle; abandon unhealthy Beijing! As Beijing residents Continue Reading
Toyota developing new cloud-based high-precision map generation system using data from production vehicles
To aid the safe implementation of automated driving, Toyota is developing a high-precision map generation system that will use data from on-board cameras and GPS devices installed in production vehicles. Continue Reading
At Crunch Time For US Drillers, Warm Weather Threatens Meltdown
Strapped for cash, Chesapeake Energy Corp canceled its traditionally grand display of holiday lights this year, but like most oil and gas drillers it is still dreaming of a white Continue Reading
Thank you Congress, U.S. wind sector says
Congressional moves to keep the U.S. government funding through the middle of 2016 translate to a vote of confidence for wind energy, an industry group said. U.S. lawmakers last week Continue Reading
Oil Refiners Find a Little Bright Spot in Europe Too Hot to Heat
Europe’s balmy weather is presenting oil refineries with such an awful market for heating fuel that tankers bringing supplies from the U.S. are doing mid-Atlantic U-turns because their cargoes aren’t Continue Reading
Oil Has a Reality Check for Those Elated by the Climate Deal
For anyone elated by the climate-change accord in Paris, the commodity markets have a reality check for you. World leaders may have vowed to wean the world from fossil fuels, Continue Reading
American LNG Exporters Turn to Europe as Asian Demand Sputters
For years, U.S. gas companies looking to export liquefied natural gas dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged Continue Reading
U.S. crude stocks likely rose last week
U.S. commercial crude oil stocks likely rose last week for a second consecutive week, a preliminary Reuters survey showed on Monday. The poll of five analysts, taken ahead of weekly Continue Reading
Oil collapse spurs budget shortfalls in U.S. oil states: Moody’s
Lower tax revenues because of job losses in energy and related sectors due to the collapse in oil prices will hit the budgets of oil-producing states through the remainder of Continue Reading
Record U.S. warmth brings out natural gas and heating oil bears: Kemp
El Nino has helped produce an unusually mild autumn and start to winter across the United States, sharply cutting the demand for heating and worsening the glut in supplies of Continue Reading
Don’t get too used to El Niño, it’s already fading: Braun
Hidden beyond the current El Niño hype, solid evidence exists that the demise of the record-breaking event has already begun and that all traces of it will have vanished by Continue Reading
U.S. third-quarter growth revised lower to 2.0 percent
The U.S. economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its Continue Reading
Conoco exits Russia after 25 years
ConocoPhillips, one of the pioneers of foreign investment in the Russian oil and gas industry, has completed a full retreat from the country by selling out of its Polar Lights Continue Reading
Turkey Moves to Clamp Down on Border, Long a Revolving Door
The Turkish Coast Guard has stepped up nighttime patrols on the choppy, wintry waters of the Aegean Sea, seizing rafts full of refugees fleeing war for Europe and sending them Continue Reading
Number of Migrants Entering Europe in 2015 Passes One Million
The number of migrants and refugees who have entered Europe by sea and land this year has passed the one million mark, a long-expected but symbolically significant capstone to a Continue Reading
Nigeria sets 2016 oil revenue target lower at $4 bil on declining oil prices
The Nigerian government expects to earn Naira 820 billion ($4 billion) from oil exports in 2016, based on a production assumption of 2.2 million b/d and a benchmark price of Continue Reading
Ruble Stems December Slide on Oil as Rabobank Sees Downside Risk
Russia’s ruble strengthened from a record low close as Brent crude ended a four-day rout and technical indicators suggested the currency had fallen too far. The ruble, which has declined Continue Reading
All Roads Lead To Peak Oil
In fact, it seems like the world is moving in exactly the opposite direction. Los Amigos de la Tierra called the COP21 conference in Paris a “farse,” and Vía Campesina, Continue Reading
We are at Peak Oil now; we need very low-cost energy to fix it
This past week, I gave a presentation to a group interested in a particular type of renewable energy–solar energy that is deployed in space, so it would provide electricity 24 Continue Reading
Brent crude skids to lowest since 2004
Brent crude prices fell to their lowest in more than 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next Continue Reading
Brent Oil Falls to 11-Year Low in London as Global Glut Persists
In the fight for market share among the world’s oil producers this year, Russia wasn’t supposed to be a contender. But the world’s No. 3 producer has been pumping at Continue Reading
Brent Oil Prices Fall to Levels Not Seen Since 2004
The oil markets continued their bear run on Monday with Brent oil, the global benchmark, hitting intraday lows not seen since July 2004 , as an expanding global surplus due Continue Reading
Crude oil plumbs new post-crisis lows
Brent crude has dropped to its lowest level in more than a decade, surpassing the lows hit at the depths of the financial crisis, as the market groans under the Continue Reading
The Big Short Was Only One Reason 2015 Was The Year of the Bears
Money managers are having trouble picking winners. But they sure can pick losers. Take Whitney Tilson, who makes money by betting on stock declines — or short selling. Just last Continue Reading