China’s city of Handan has ordered steel mills to cut production by around 25 percent as part of new measures to curb pollution from April to mid-November, according to a Continue Reading
China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed. The Continue Reading
In an effort to increase the share of natural gas in its energy supply, China’s state energy company Sinopec plans to nearly triple receiving capacity for liquefied natural gas (LNG) Continue Reading
China’s commercial stocks of crude oil were up 1.58% month on month at end February, while oil products stocks surged 13.6% over the same period, latest data released by state-owned Continue Reading
The Trump administration on Monday rejected an Obama-era plan to make automobiles more fuel efficient, opening up a long process to weaken current standards and putting California and the federal Continue Reading
Prices of renewable fuel credits slumped 35.7 percent in the first three months of 2018, their biggest quarterly loss in a year, on uncertainty over the future of U.S. biofuels Continue Reading
Giving drillers the rights to reach nearly 50 billion barrels of oil in the Gulf of Mexico will come with a degree of responsibility, the U.S. government said. The U.S. Continue Reading
Big oil is starting to think small. Once defined by massive spending and ambitious exploration, some of the world’s biggest energy companies have begun to preach frugality. Investors increasingly favor Continue Reading
The bankruptcy of the East Coast’s biggest oil refiner has raised uncomfortable questions around the politically charged market for ethanol. The controversy has already hit some of the best performing Continue Reading
The Environmental Protection Agency did not say how far the Obama-era rules should be rolled back, only that it would seek “more appropriate” standards. Want the latest climate news in Continue Reading
What would you think about a battery that sports five times the capacity of the average lithium-ion one? And then what if this batter was cheaper, and even more environmentally Continue Reading
A system that digitally processes customer transactions for a major pipeline network in the U.S. was shut down Monday after a cyber attack. An electronic data interchange provided by third-party Continue Reading
Prices for solar, wind, and battery storage are dropping so rapidly that renewables are increasingly squeezing out all forms of fossil fuel power, including natural gas. The cost of new Continue Reading
Nearly a decade ago, I talked about the concept of “peak oil.” Simply put, this theory states that global oil production will hit a maximum level before declining. When oil Continue Reading
Caution, capital discipline, cash flow, shareholder returns – these buzzwords are thrown around a lot these days, much more so than details about aggressive production growth. After years of a Continue Reading
The Permian has been stealing headlines and analyst attention over the past year, and rightly so, as it’s the only U.S. shale play that continued to grow even when all Continue Reading
Russia’s compliance with the global deal to cut oil production was at 93.4 percent in March, Energy Minister Alexander Novak said on Monday. He also said that Russia is fully Continue Reading
Russia’s oil output edged up in March to an 11-month high of 10.97 million barrels per day (bpd), slightly above a limit agreed under a global supply pact, energy ministry Continue Reading
After three months of steady output, Russia’s crude oil production increased in March to 10.97 million bpd , the highest level since April 2017, as the top two Russian companies Continue Reading
The bright afternoon January sun offers little respite from the minus 40C temperature for the pipeline construction workers crunching through the snow in Russia’s Far East region. In the sprawling Continue Reading
Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. Continue Reading
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is Continue Reading
The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Continue Reading
Kingdom currently has two fields, one shared with Saudi Arabia New undersea deposit lies off Gulf nation’s western coast Bahrain, the smallest energy producer in the Persian Gulf, discovered its Continue Reading
Manufacturing PMI posts first increase since November New export orders PMI recovers after seasonal soft patch A gauge of activity at China’s manufacturers posted its first gain since November, as Continue Reading
China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies Continue Reading
SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its ambitious India Continue Reading
China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum. The Chinese Continue Reading
The Chinese government plans to immediately impose tariffs on 128 U.S. products, including pork and certain fruits, a direct response to President Trump’s recent moves to pursue numerous trade restrictions Continue Reading
Just days after Beijing officially launched Yuan-denominated crude oil futures ( with a bang , as shown in the chart below, surpassing Brent trading volume) which are expected to quickly Continue Reading
The Trump administration’s commitment to coal is under its stiffest test yet after an Ohio energy company made a plea to favor that power source over its many rivals, including Continue Reading
“Each man kills the thing he loves,” wrote Oscar Wilde. US oil executives know exactly what he meant. In 2014, the US shale industry helped tip itself into a downturn Continue Reading
Few geoeconomic game-changers are more spectacular than yuan-denominated future crude oil contracts – especially when set up by the largest importer of crude on the planet. And yet Beijing’s media Continue Reading
Numerous studies have tackled the future environmental impact of battery-electric vehicles; the resulting assessments are highly uncertain. Now, a team of researchers at the Paul Scherrer Institut in Switzerland, with Continue Reading
Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day (bpd), above a quota agreed under a global pact to curb production, energy Continue Reading
Europe’s biggest gas field–Groningen in the north of the Netherlands–has been pumping gas for more than half a century and supplies gas to 98 percent of the Dutch population. But Continue Reading
Few expected such a dramatic turn of events in the long-ongoing Russo-Ukrainian gas dispute. Before the February 28 decision of the Stockholm Arbitration Court, most observers expected a court ruling Continue Reading
The ninetieth century was the age of conquest and the ‘Great Game’ between the vast empires of Imperial Russia and the United Kingdom. Before the First World War, London and Continue Reading
