Billionaire distressed debt investor David Martínez urged Venezuela’s struggling government to default on its bonds days before the country’s surprise announcement to restructure its obligations. Mr. Martínez, who made his Continue Reading
The Reformed Niger Delta Avengers (RNDA), has again kicked against the proposed Tuesday meeting of the Pan Niger Delta Elder Forum (PANDEF) in Warri, Delta State, describing the meeting as Continue Reading
Last week, at the invitation of President Nicolás Maduro, a group of international financiers flew to Caracas to begin what has been called the world’s most complicated debt restructuring, also one of Continue Reading
Choking from high levels of air pollution, a state-owned oil company in India opens the nation’s first-ever charging station for electric vehicles. In announcing a first, a state-owned oil company Continue Reading
LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite Continue Reading
The first automobile was invented in Germany in 1885 by Karl Benz, but it was the U.S. that led the building of the global 20th-century automobile industry. Through the turn Continue Reading
Nebraska regulators approved a route for TransCanada Corp’s Keystone XL pipeline through the state on Monday, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Continue Reading
Motorists logged 0.3 percent more miles on U.S. roads and highways in September than a year earlier according to data released Monday by the U.S. Department of Transportation, as volumes Continue Reading
Oklahoma Governor Mary Fallin vetoes most of a Plan-B budget measure because it relied too much on one-time funds. With an election year ahead, the governor of the shale-rich state Continue Reading
Volvo Cars said it has agreed to supply Uber Technologies Inc. with a fleet of 24,000 self-driving taxis beginning in 2019—one of the first and biggest commercial orders for such Continue Reading
Natural gas is gushing out of West Texas, a byproduct of frenzied drilling for oil . That is a problem for energy producers, who are running out of places to Continue Reading
Profs. Lee E. Ohanian and Ted Temzelides recount the story of the environmental crisis that hit cities in the late 1800s—namely excess horse manure—and how it was solved by the Continue Reading
Nebraska regulators on Monday allowed the Keystone XL oil pipeline to clear its final major hurdle, granting a victory to President Trump and Republicans who have for years pressed for Continue Reading
The first news came out of Siemens, a Munich-based industrial conglomerate somewhat akin to the troubled General Electric. After last week’s disastrous news from GE—a 50 percent dividend cut and Continue Reading
Nebraska’s approval of an alternative route could throw more uncertainty into the mix for the long-delayed Keystone XL oil pipeline. The Public Service Commission approved TransCanada Corp.’s project on a three-to-two vote, removing one Continue Reading
GasBuddy’s newest report pegs gas prices at their highest average since 2014, the year oil prices crashed from their highs of over $100 per barrel. Gasoline prices are up a Continue Reading
Bio-bean partnered with Shell on demonstration project London-based company also makes biomass pellets from coffee London’s iconic red double-decker buses will soon run on a biofuel partially made from old Continue Reading
Novak said he would discuss the possible deal extension with Russian oil producers on Tuesday. View full article at www.reuters.com
Russian energy company Gazprom said it was reviewing the opportunity to expand its only operational liquefied natural gas plant with its Japanese partner. Gazprom Chairman Alexei Miller hosted a delegation Continue Reading
Revenue collected from the oil and natural gas industry in Russia is in part behind the 19 percent gain from last year, a federal tax director said Monday. Mikhail Mishustin, Continue Reading
Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. This will start with the mid-size eVito, with deliveries commencing in the second half of 2018. Continue Reading
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer Continue Reading
Oil prices were steady Monday ahead of next week’s meeting of global crude producers where an extension of output cuts is set to be discussed. Brent crude , the global Continue Reading
The global energy system is in a state of flux. Renewables are experiencing rapid deployment and steep pricefalls. A growing portion of global energy is provided by electricity. There’s a Continue Reading
Ugo Bardi explains his idea of an impending “ Seneca Collapse ” of the world’s oil industry at the session on climate change of the meeting of the Club of Continue Reading
Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 percent stake in its fuel distribution unit, potentially raising up to $2.8 billion. Continue Reading
Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30. Continue Reading
Don’t be fooled by the apparent dithering of OPEC and friends over whether to extend their output restraint when they meet at the end of the month. They know full Continue Reading
Daisuke Hirose, a Tepco spokesman, inside the Unit 5 reactor at the Fukushima nuclear power plant. Tepco used underwater robots that finally found the melted uranium fuel inside Unit 3, Continue Reading
Over the last year, ‘permania’ has become so frenzied that the land rush drove exploration rights prices in West Texas sky high—and along with it, equipment and labor costs. So, Continue Reading
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take Continue Reading
China is the biggest importer of crude oil to date. It is also the biggest single investor in renewable energy. However you look at it, China has become the most Continue Reading
As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap, Continue Reading
Smokestack corporate consolidation has pushed up metals prices Impact passing through to consumer goods as cleanup gains pace The great Chinese environmental cleanup, now in full swing, is shifting the Continue Reading
ConocoPhillips, the largest US exploration and production company, has ruled out investing in projects that need an oil price of $50 or higher to make a profit, as it attempts Continue Reading
The electric semitrailer would have a 500-mile range and will roll out in 2019, if all goes according to plan. On top of that, Musk surprised the crowd gathered at Continue Reading
If you can imagine a massive, horrifying beast with some 6 million miles of tentacles that costs up to $33 billion to feed and $5 trillion to replace, then you Continue Reading
I have covered advanced biofuel companies for more than a decade, and just about all of them made implausible claims about their technologies. They consistently overpromised and underdelivered, until they Continue Reading
EU electric car producers got a fresh lease on life last week as the European Commission proposed caps on vehicle emissions as a way to fight against global warming—and to Continue Reading
Freight vehicles account for about 20% of world fuel use Future demand growth is dominated by medium and heavy trucks Tesla Inc. ’s unveiling on Thursday of a new electric Continue Reading
Oil lobby, biggest energy union see domestic industry unharmed Norway’s sovereign wealth fund said it wants out of oil Can Norway dump $35 billion in oil and gas investments, and Continue Reading
Rosneft had signed an oil supply deal with CEFC China Energy Company Ltd, Russia’s largest oil producer said in a regulatory filing on Monday, confirming a Reuters report last week. Continue Reading
Oil prices gained Friday after a week of losses, on fresh signs that Saudi Arabia plans to back an extension of OPEC’s deal to curb global production. Light, sweet crude Continue Reading
Renewed speculation over the next move from OPEC helped pull crude oil prices out of a slump on Friday, though many voices said U.S. shale may be the spoiler. “Khalid Continue Reading
Oil rebounded more than 2 percent on Friday after falling for five straight sessions as a major U.S. crude pipeline was shut and traders anticipated an OPEC deal to extend Continue Reading
Crude benchmarks posted steep losses this week in the wake of the incredibly bearish assessment from the IEA. The losses continued on Wednesday and Thursday after the EIA reported a Continue Reading
The humanitarian situation in Libya is in a severe state even though the OPEC-member sits on “vast wealth,” a United Nations envoy said. Ghassan Salamé, the U.N. special envoy for Continue Reading
Fijian singers strumming ukuleles serenade delegates to the United Nations climate talks as they enter the conference hall. A traditional two-hulled sailing craft, or drua, is on display by the Continue Reading
Saudi Arabia’s 32-year-old crown prince, Mohammed bin Salman, has spearheaded an anticorruption campaign. Authorities in Saudi Arabia are widening a corruption probe that has reached the upper echelons of the Continue Reading
As they mingled with Saudi Arabia’s business and political elite at the Ritz-Carlton in Riyadh last month, the world’s top financiers were effusive in their praise of Crown Prince Mohammed Continue Reading
