Driving an electric vehicle (EV) has obvious climate benefits: zero tailpipe emissions. But because EVs are charged by power grids that burn fossil fuels, they aren’t necessarily zero-carbon. An EV’s Continue Reading
The EPA has readied a final determination that calls for the rolling back of corporate average fuel economy (CAFE) standards, according to the Wall Street Journal . The current standards Continue Reading
Refiners already have two built-in resources to help weather major demand shifts. Since the early 20th Century, the automobile has – for better or worse – been a major force Continue Reading
Researchers led by a team from MIT, with colleagues from Oak Ridge National Laboratory (ORNL), BMW Group, and Tokyo Institute of Technology have developed a fundamentally new approach to alter ion mobility Continue Reading
Petroleum Supply Monthly, and the Texas Railroad Commission Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Continue Reading
U.S. crude inventories were forecast to have risen for the fourth time in five weeks, while refined product stockpiles likely fell last week, a preliminary Reuters poll showed on Monday. Continue Reading
Canada working to reduce carbon emissions under Paris deal Alberta closing coal plants while boosting oil-sands output One of the most aggressive campaigns to fight global warming is happening in Continue Reading
The Trump Administration’s steel tariffs will increase costs in the West Texas oil patch at a time when drillers and service firms already faced rising labor and materials costs, investors Continue Reading
Denmark is under pressure to rule on whether a new Russian pipeline supplying gas to Germany can be built near its Baltic coast, a decision that puts it in the Continue Reading
Russian Energy Minister Alexander Novak said on Monday it was too early to consider exiting the global oil output deal and that any withdrawal from the agreement should be done Continue Reading
A Norwegian regulator confirmed two separate oil and gas discoveries on Monday, the largest of which could contain at least 35 million barrels of oil. Apart from Russia, Norway is Continue Reading
In a statement that is sure to provoke Russian backlash, while also sending a strong message to both Moscow and European energy markets, Department of Energy (DOE) Secretary Rick Perry Continue Reading
UK North Sea’s oil production is expected to revert to a decline again next year, after a brief period of growth since 2015, according to consultants at Bernstein. Since peaking Continue Reading
Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. The possibility of a full-blown trade Continue Reading
As I’m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent Continue Reading
Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for influence and position in the Middle Continue Reading
Qatar has proposed that Russian companies take part in tenders for the further development of gas fields in 2019-2020, RIA news agency cited the Qatari envoy to Russia Fahad bin Continue Reading
A rebel group in Yemen said it fired a volley of ballistic missiles toward cities in Saudi Arabia late Sunday, including the capital, Riyadh, where at least one person was Continue Reading
Leaders of Niger Delta, yesterday, gave members of Reformed Niger Delta Avengers, RNDA, and other militant groups in the region a four-day ultimatum to withdraw their 30-day ultimatum issued to Continue Reading
Chinese officials are rushing to finalize new regulations by May that will allow foreign financial groups to take majority stakes in securities companies as they seek to avert a looming trade Continue Reading
China’s yuan-denominated crude-oil futures surged on their long-awaited debut Monday, indicating positive initial sentiment toward the new market, which Beijing hopes will eventually give the country an oil benchmark to Continue Reading
China’s crude futures kicked off to a roaring start on Monday as western traders and Chinese majors eagerly traded the world’s newest financial oil instrument, which many expect to become Continue Reading
First-ever yuan crude futures trade at 427 yuan a barrel Trafigura and Glencore among foreign participants in debut China launched its first ever crude-futures contract as the world’s biggest oil Continue Reading
Regarding your March 13 editorial “ You RIN Some, You Lose Some ” and Thomas Landstreet’s “Biofuel Mandates Are a Bad Idea Whose Time May Be Up ” (op-ed, March Continue Reading
As the automotive industry braces for changes including electrification and autonomy, dealers across the U.S. are worried about something much simpler: the price of a new car. After decades of Continue Reading
President Trump fired his National Security Advisor H.R. McMaster on Thursday and replaced him with a staunch proponent of war . The appointment significantly raises the odds of a clash Continue Reading
A Norwegian company has successfully pilot-tested in Canada a new technology that will permanently plug oil wells and ensure that no greenhouse methane gas escapes. Currently, the most-widely used technique Continue Reading
President Donald Trump signed a $1.3 trillion spending bill on Friday that will prevent a government shutdown without the funding cuts to the Department of Energy, Environmental Protection Agency and Continue Reading
Russia kept its spot as the largest crude oil supplier to China in February, data showed on Friday, a role it held in January and for the past two years Continue Reading
The Garten discovery is just a few miles away from the Beryl Alpha platform, which will began extracting fuel from the site by 2019. Since 2015, explorers have struck the Continue Reading
European car registrations increased by 4.2% to 1.16 million, 50,000 more than in February 2017. The results mark the highest February volume since 2008, when 1.19 million cars were registered, Continue Reading
Oil prices closed at the highest level in eight weeks on Friday, lifted by declining global supply along with the possibility of fresh Iran sanctions. Light, sweet crude for May Continue Reading
Crude in New York posted biggest weekly gain since July Trump appointed John Bolton as national security adviser Crude posted its biggest weekly gain since July as the appointment of Continue Reading
Crude oil futures continued to tick higher in the European morning session Friday following comments from Saudi Arabia that the OPEC-led crude production deal would be extended and international trade Continue Reading
One school of thought is that future oil demand is set to decline because consumers will have better options. Many in this “peak demand” camp believe that the growth of electric Continue Reading
Concerns about war-drumming with the latest shake-up in the Trump administration send the price of crude oil higher in early Friday trading. Geopolitical risk emerged Friday to drive oil prices Continue Reading
Is someone in the White House colluding with China? The Trump administration’s decision to impose tariffs on imported aluminum and steel lets China off the hook for its chronic and Continue Reading
OPEC’s ministerial committee tasked with monitoring a deal with non-OPEC countries led by Russia to curb oil output by 1.8 million barrels per day until the end of this year Continue Reading
A decision by Royal Dutch Shell to boost its divestment strategy by leaving one of the larger oil fields in Iraq is a sign of investment risk, an analyst said. Continue Reading
The United States is not Saudi Arabia’s only option when it comes to developing nuclear energy projects, Energy Minister Khalid al-Falih said during Crown Prince Mohammed’s two-week visit in the Continue Reading
Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
The United States on Wednesday placed sanctions on 15 South Sudanese oil-linked operators it said were substantial sources of revenues for the government, aimed at increasing pressure on President Salva Continue Reading
Venezuelan President Nicolas Maduro says he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. Maduro announced the strategy in a state television broadcast Continue Reading
Angry Venezuelan oil workers demanding better benefits to counter crushing hyperinflation and food shortages clashed with security officials during a rare protest in the cafeteria of state oil company PDVSA’s Continue Reading
The state-owned oil company in Venezuela said Friday it welcomed a move by the president to support a currency targeted by U.S. sanctions. The U.S. Treasury Department followed through this Continue Reading
Asia’s oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has Continue Reading
Commerce Secretary Wilbur Ross (L) speaks alongside President Donald Trump before the president signed an executive memorandum targeting China on trade. Trump’s memorandum is aimed at cracking down what he Continue Reading
Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea, Continue Reading
The launch of China’s yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world’s largest energy consumer more Continue Reading
After being in the works for well over half a decade, China is finally launching its own crude futures contract next week, with the ultimate goal of creating a yuan-denominated Continue Reading
