The threat of falling oil supply from both Iran and Venezuela looms large amid geopolitical tension, economic fears and sanctions. All the while, both are scrambling to maintain flows to Continue Reading
The Trump administration has, for now, opted against hitting Venezuela’s oil sector with the harshest possible sanctions despite disavowing the re-election of President Nicolas Maduro as a “sham.” The White Continue Reading
A trucker protest paralyzing swathes of the Brazilian economy stretched into a fourth day on Thursday as legislative efforts to cut diesel taxes stalled, raising the prospect of highway and Continue Reading
More than $150 million in loans will help Indonesia build its first utility-scale solar power plants, the Asian Development Bank said Thursday. ADB said it would offer financial support for Continue Reading
Soaring gasoline and diesel prices in India require urgent action, Oil Minister Dharmendra Pradhan told media, and the government is trying to find a solution to the problem, which comes Continue Reading
The expansion of Asian populations and economies is expected to have unprecedented and unpredictable impacts on world resources. The task of meeting future energy needs is daunting. The Chinese have Continue Reading
The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up Continue Reading
Calls to tap into U.S. oil reserves to stave off spikes in retail gas prices make sense only to a point because of refinery limitations, an analyst said. GasBuddy, which Continue Reading
Several governors in U.S. states said they’re taking the initiative in building up national recognition for leadership in renewable energy. “We’re taking another step forward in rebuilding New Jersey’s reputation Continue Reading
While formerly on the shelf, a pipeline that could feed a liquefied natural gas terminal in British Columbia can proceed, federal regulators said. The National Energy Board gave Nova Gas Continue Reading
More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexico’s retail gasoline and diesel fuel markets, combined with low utilization of Mexico’s petroleum Continue Reading
Shell has made a large deepwater exploration discovery in the U.S. Gulf of Mexico, just 13 miles from its Appomattox project that is expected to start production by the end Continue Reading
It would be unprecedented, but Senate Democrats want the Trump administration to send Energy Secretary Rick Perry to Vienna next month for an OPEC meeting. Senate Democrats think meeting will Continue Reading
The U.S. oil export infrastructure is straining to keep up as the country’s crude oil exports hit new highs and China snaps up more of it than ever before. U.S. Continue Reading
As retail gasoline prices rise to $3 per gallon across the United States, gas prices are a hot political topic in Washington once again, with the Democrats hoping to slam Continue Reading
Russian energy company Gazprom is obliged to address concerns about the price of natural gas for some regional markets, the European government said. The European Commission adopted a measure that Continue Reading
Russia shares many of the same positions of Saudi Arabia when it comes to decision-making about the global oil market, the country’s energy minister said. Russian Energy Minister Alexander Novak Continue Reading
The European Union settled its multiyear antitrust case against PAO Gazprom OGZPY -1.26% on Thursday, clinching promises of cheaper and freer natural-gas flows from Russia as President Donald Trump pressures Continue Reading
Diplomatic tensions and the “aggressive policy” of the U.S. toward Moscow are of more concern than economic sanctions, the president and chairman of one of Russia’s largest lenders said Tuesday. Continue Reading
A political row over Europe’s energy security is not hindering preparatory work for the subsea Nord Stream 2 gas pipeline from Russia to Germany, with dredging work starting off the Continue Reading
ST PETERSBURG (Reuters) – The construction time line for the Nord Stream pipeline from Russia to Germany has not been affected by U.S. claims that the project could undermine Europe’s Continue Reading
A new study by a team from Aarhus University in Denmark has found that car dealerships pose a significant barrier to electric vehicle adoption at the point of sale due Continue Reading
The German Federal Ministry for the Environment gave the green light for a subsidized pilot project to conduct research and development on the electrification of long-haul trucks. The electricity supply Continue Reading
Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran. A surprise build up Continue Reading
Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to Continue Reading
Most clean-energy technologies are not on track to meet the world’s long-term climate goals, make energy universally accessible, and significantly lower air pollution, with just 4 out of 38 techs Continue Reading
As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian Continue Reading
As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan Continue Reading
Following its exit from the Iran nuclear deal, the US is willing to negotiate with European allies on a new agreement, but unwilling to waive sanctions set for re-imposition later Continue Reading
Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday scoffed at American demands that his country curb its military ambitions and issued his own set of demands to Europe to remain Continue Reading
The UAE Armed Forces, as part of the Arab Coalition Forces, destroyed two boats of the Houthis militias who were threatening one of the commercial oil tankers in the Red Continue Reading
Iraq signed a 25-year contract Wednesday with the China ZhenHua Oil Company to develop the southern part of the East Baghdad field, building on the company’s oil production and sales Continue Reading
Libya’s National Oil Corporation shipped its first cargo of propane from Zueitina port, four years after the gas processing plant at the port was closed due to protests, the company Continue Reading
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday indicated that but for the timely interventions of the government, first through back-channel consultations and then open dialogues Continue Reading
Nigeria’s state oil firm, NNPC, on Wednesday gave reasons why some of its mega filling stations in Abuja and environs have been out of service for almost two months now. Continue Reading
Several years on from the semi-privatization of its oil sector, Mexico has lined up tens of billions of dollars of potential investment in offshore drilling. But just as the fruits Continue Reading
An OPEC member in part behind a spike in crude oil prices causing economic concern, Venezuela missed a chance by re-electing President Maduro, G7 leaders said. The leader of the Continue Reading
U.S. Senate Democrats on Wednesday urged President Donald Trump to try to prod OPEC to take steps to lower oil prices and suggested that millions of Americans will see tax Continue Reading
China will take in more natural gas from the United States to satisfy growing domestic demand, a Chinese consultancy has said amid trade talks between Washington and Beijing seeking to Continue Reading
At first glance from above it looks like any clean and neatly planned small town, complete with sports grounds, neat roads and large civic buildings. But the town is on Continue Reading
Power shortages during winters when there is not enough water, wind or sun remain the Achilles heel in New Zealand’s otherwise huge potential to move most of its fossil fuel-driven Continue Reading
U.S. oil and natural gas abundance has a positive impact on the global energy market, but it doesn’t move the market itself, a Brookings scholar testified. U.S. President Donald Trump Continue Reading
Summary of Weekly Petroleum Data for the Week Ending May 18, 2018 U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending May 18, Continue Reading
On May 21, Southern Company, the utility holding company based in Atlanta, with core electric utility franchise areas in Georgia and Alabama, announced a multi-billion dollar asset sale with proceeds Continue Reading
Californians for Zero Emission Vehicles (CalZEV), a coalition of public health, environmental and electric vehicle industry organizations, announced its strong support for the Innovative Clean Transit (ICT) measure currently before Continue Reading
ExxonMobil plans to reduce the amount of natural gas it burns as waste by a quarter within two years. (Bloomberg) — Exxon Mobil Corp. plans to reduce the amount of Continue Reading
In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts . That number has Continue Reading
Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical, Continue Reading
With its energy sector the target of U.S. sanctions pressure, a Russian legislator on Wednesday proposed making those sanctions synonymous with treason. Andrei Isayev, the head of legislation in the Continue Reading
The UK Oil and Gas Authority (OGA) awarded on Wednesday 123 licenses over 229 blocks or part-blocks to 61 companies in the 30th Offshore Licensing Round in the UK North Continue Reading
