Tesla plans to build a US$5-billion car-manufacturing plant near Shanghai in China, and is weighing possibly raising part of the funds for the factory from local partners, Bloomberg reported on Continue Reading
Shanghai International Energy Exchange (INE) is asking futures brokers to help boost trading volumes and liquidity in its nascent crude oil futures trade as the first contract heads for expiry Continue Reading
The Indonesian government has moved to reclaim its prolific Rokan oil block from Chevron in 2021 when its contract is set to expire, it will then turn it over to Continue Reading
Shares of U.S. shale oil producers dropped on Wednesday after several companies posted a lower-than-expected quarterly profit from rising spending and hedging losses that kept them from fully benefiting from Continue Reading
WASHINGTON—The White House, looking to ratchet up trade pressure on China, is expected to announced today that it is more than doubling the size of the proposed tariffs to 25% Continue Reading
U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week ending July 27, 2018, which was 195,000 barrels per day more than the previous week’s average. Continue Reading
American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly Crude Oil and Natural Gas Production report . U.S. crude oil production for Continue Reading
The USA through May 2018. The upward surge has stalled for the last two months. U.S. production was down 30,000 bpd in May. It is a little astonishing how close Continue Reading
Tallgrass Energy on Wednesday joined a growing list of midstream companies that plan to directly load US crude onto supertankers by building an offshore pipeline. Receive daily email alerts, subscriber Continue Reading
UPS announced a collaboration with Thor Trucks , Inc. ( earlier post ) to develop and to test a fully-electric class 6 delivery truck in Los Angeles, Calif. The truck Continue Reading
The Wall Street Journal reports that the Trump administration is considering ratcheting up the tariffs on $200 billion of Chinese imports from the proposed 10 percent levy to as much Continue Reading
In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water – a physical impossibility that should cause a short Continue Reading
This year’s unusually warm summer in the Nordic region has increased sea water temperatures and forced some nuclear reactors to curb power output or shut down altogether, with more expected Continue Reading
The energy industry is highly sensitive to U.S. sanctions due to the petrodollar being the single most important currency in global trade. Washington is able to exert significant influence by Continue Reading
Electricity generation from renewable and nuclear power sources in France jumped in June and squeezed out fossil fuels coal, oil, and gas, grid operator RTE said in its Monthly Electrical Continue Reading
Highlights Nuclear up 2.8% on year at 28.9 TWh Hydro up 28% on year at 4.6 TWh Nuclear, hydro add up to 99% of Jan-Jul demand Singapore — French nuclear Continue Reading
Moscow — Russia’s July crude oil and condensate output rose 1.4% month on month to 11.215 million b/d, in line with Russia’s pledge in late June to boost output under Continue Reading
Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more Continue Reading
The American Petroleum Institute (API) reported a crude oil inventory build of 5.59 million barrels of United States crude oil inventories for the week ending July 28, compared to analyst Continue Reading
Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the Continue Reading
A series of second quarter earnings reports over the past two weeks has revealed surging profits across the oil industry, with some companies posting earnings that are double or triple Continue Reading
August 1 will mark Earth Overshoot Day, the day that worldwide humanity will, in only seven months, have taken more resources from the Earth than can be replenished within a Continue Reading
Senior Iranian officials and military commanders on Tuesday rejected U.S. President Donald Trump’s offer of talks without preconditions as worthless and “a dream”, saying his words contradicted his action of Continue Reading
Economic sanctions imposed on Iran will impact maritime traffic in the Strait of Hormuz, a main oil artery, an Iranian naval commander said Tuesday. “The cruel sanctions being imposed on Continue Reading
The top Asian oil importers and Iranian oil customers—China, India, Japan, and South Korea—bought in June their lowest combined volume of Iranian oil in seven months, as South Korea slashed Continue Reading
U.S. President Trump is wrong to expect that Saudi Arabia and other large producers can compensate for the decline in Iranian crude oil supply resulting from the renewed U.S. sanctions Continue Reading
Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday. It Continue Reading
Iraq exported 3.543 million barrels per day (bpd) of crude oil from its southern ports in July, slightly above the June average, the oil ministry said on Wednesday. Iraq exported Continue Reading
The UAE boosted its crude production by about 85,000 b/d in July, an industry source familiar with the country’s oil operations told S&P Global Platts, as OPEC loosens the taps Continue Reading
Protests continued to escalate in Basra on Tuesday, as demonstrators threatened shut down all roads leading to the super-giant West Qurna 1 oil field. Outraged protesters have flocked back to Continue Reading
The Iran-aligned Houthi group in Yemen is ready to unilaterally suspend attacks in the Red Sea to support efforts to reach peace, a Houthi leader said on Tuesday, a few Continue Reading
Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the “delay and failure” of international companies to resume work at the field, the oil Continue Reading
Shell Nigeria’s production unit Tuesday said it hoped to conclude negotiations soon on a commercial framework for the expansion of the Bonga deepwater oil field, after which a final investment Continue Reading
Argentinian energy industry participants are set to meet August 13 in Neuquen with labor leaders and politicians to discuss the future of the Vaca Muerta, as issues mount that could Continue Reading
An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” though its Venezuela with the largest reserves. In a report running Continue Reading
It’s a plight that affects all international oil majors, ranging from UK-based BP, to Irving Texas-based ExxonMobil, the world’s largest publicly traded oil company, to China’s state-owned oil and gas Continue Reading
China said on Wednesday that “blackmail” wouldn’t work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a Continue Reading
As Washington and Beijing struggle to break a trade impasse, some administration advisers are urging President Trump to raise the stakes with a sharp increase in the level of tariffs Continue Reading
While scores of research labs around the world look for ways to replace lithium-ion batteries with cheaper and more reliable alternatives, China has started a pilot EV battery recycling program Continue Reading
U.S. crude production fell 30,000 barrels per day (bpd) to 10.44 million bpd in May, as production declines in the Gulf of Mexico overshadowed gains in output from major shale Continue Reading
U.S. Energy Secretary Rick Perry on Tuesday said in an interview with Fox News Channel that the United States will become a net exporter of energy in the near-future as Continue Reading
Basic supply and demand dynamics, coupled with short-term market disruptions, mean U.S. retail gas prices are climbing once again, retail analysts said. Motor club AAA reported a national average retail Continue Reading
The Trump administration is set to roll out a historic weakening of fuel economy standards for the nation’s auto fleet, and, crucially, the government will seek to revoke the unique Continue Reading
U.S. Silica Holdings Inc’s, which makes sand used in hydraulic fracturing, forecast an upbeat second half of the year on strong demand for locally sourced sand, helping its shares recover Continue Reading
Three of Deepwater Wind’s turbines stand in the water off Block Island, R.I., in 2016. The company wants to build a wind farm off the coast of Maryland. (Michael Dwyer/AP) Continue Reading
The California Air Resources Board has released the 2018 issue of its Annual Evaluation of Fuel Cell Electric Vehicle Deployment and Hydrogen Fuel Station Network Development , pursuant to the Continue Reading
Honda is introducing a new Honda SmartCharge beta program that allows electric vehicle customers to reduce the environmental footprint of charging their car while earning monetary rewards. Honda is the Continue Reading
BP plc’s $10.5 billion move to acquire most of BHP Billiton’s shale acreage in North America ‘signals a bold return by the UK oil giant to the lower 48 states,’ Continue Reading
Canada is a leading supplier of oil , gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian Continue Reading
Scotland’s oil industry is beginning to show signs of recovery after the most recent downturn, a local port authority said, with a spokeswoman noting that “We have more rigs in Continue Reading
