Lithium-ion batteries have become essential for powering electric cars and storing energy generated by solar panels and wind turbines. But their drawbacks are also by now familiar: They use scarce Continue Reading
“Oil is trading higher this morning after U.S. Energy Secretary Rick Perry said that there are no plans for the U.S. to release oil from its Strategic Petroleum Reserves,” according Continue Reading
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force Continue Reading
Brent crude oil prices fell slightly Wednesday but are still hovering near a four-year high while U.S. crude oil supplies had a surprise increase. Brent was trading at $80.67 , Continue Reading
Oil prices eased on Wednesday after U.S. data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 a barrel Continue Reading
The supply outages in Iran combined with the decision by OPEC+ not to take further action to offset the declines pushed Brent to multi-year highs this week, and led to Continue Reading
The ICE Brent/WTI spread widened during mid-morning trading as a steep decline in refinery utilization weighed on US crude oil futures. Receive daily email alerts, subscriber notes & personalize your Continue Reading
A day after the American Petroleum Institute reported an inventory build that some traders took as a surprise and started selling their oil holdings, the EIA confirmed a build, at Continue Reading
Amid all of the talk and conjecture of where global oil prices are heading, Shell CEO Martin van Beurden said yesterday that $80 per barrel is not an unreasonable price. Continue Reading
Wading through the latest on climate change is an emotional rollercoaster. You will be hit with a dizzying array of inspiring examples of innovation and activism, you’ll be incensed by Continue Reading
The Club of Rome is inextricably linked to the legendary report that it commissioned to a group of MIT researchers in 1972, “ The Limits to Growth .” Today, nearly Continue Reading
With the world’s population projected to rise to 10 billion people by 2050, from about 7.6 billion today, and with large parts of the world still to gain access to Continue Reading
The Organization of the Petroleum Exporting Countries (OPEC) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by Continue Reading
Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering Continue Reading
The United States will be “aggressive and unwavering” in enforcing the sanctions on Iran and won’t let those sanctions be evaded by the European Union or anyone else, U.S. national Continue Reading
After South Korea became the first of Iran’s major oil customers to reduce imports to zero under American pressure, the nation’s biggest refiner is seeking alternative supplies to fill the Continue Reading
Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to Continue Reading
Libya’s National Oil Corporation (NOC) is holding talks with international oil companies that could result in increased investment and production in Libya’s oil industry, if security across the country improves, Continue Reading
Opposition candidates seeking to unseat Nigeria’s President Muhammadu Buhari are attacking his economic record and treatment of foreign investors as election season intensifies in Africa’s most populous country. Four members Continue Reading
India will soon start looking for investors in the second phase of its strategic petroleum reserve, a senior executive of the company managing the reserve told Reuters. The second phase Continue Reading
Overview U.S. energy-related carbon dioxide emissions decreased 0.9% in 2017 Energy-related CO2 emissions decreased by 47 million metric tons (MMmt), from 5,189 MMmt in 2016 to 5,142 MMmt in 2017. Continue Reading
The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened Continue Reading
“We knew it was going to cause a stir,” said Australian marine scientist Dr. Robert McCauley. McCauley was referring to the results of an experiment testing the impacts of a Continue Reading
BEIJING (Reuters) – Energy giant China National Petroleum Corp (CNPC) will keep drilling through the winter at oilfields in the west of the country to boost domestic crude output, answering Continue Reading
Rising oil prices are pushing up prices for fuels in Asia, and this is coming at a bad time; many Asian currencies are depreciating as economic growth falters. This is Continue Reading
Despite political support from the White House, U.S. coal consumption continues to fall, as power producers shutter coal-fired units in favor of cheaper and more flexible natural gas as well Continue Reading
The administration of President Donald Trump is not considering any release from the U.S. emergency oil stockpile to offset the impact of looming Iran sanctions, and will rely on big Continue Reading
“We will ensure prior to the reimposition of our sanctions that we have a well supplied oil market,” the special U.S. envoy for Iran, Brian Hook told the United Nations Continue Reading
Tesla will release its biggest software update in two years by the end of the week, chief executive Elon Musk, true to himself, said in a tweet in response to Continue Reading
Highlights Administration working to ensure ‘well-supplied’ oil market SPR release may address OPEC supply concerns, elections worries Sources believe SPR action may be unprecedented Washington — US President Donald Trump Continue Reading
North Dakota oil production reached a record high in July and the Bakken is primed for growth. After months of being the red-headed stepchild to the Permian, the Bakken shale Continue Reading
U.S. gasoline prices are sitting at four-year seasonal highs headed into the November midterm elections, even as President Donald Trump has called repeatedly for OPEC to push prices lower. While Continue Reading
Pointe LNG has asked FERC to begin pre-filing review for an LNG project downriver from New Orleans. New Orleans-based Pointe LNG, LLC reported Monday that it has asked the Federal Continue Reading
The European Commission’s flagship policy to transform the archaic CEE natural gas markets saw a wave of billion dollar gas infrastructure projects meant to integrate the market and increase competitiveness Continue Reading
Brent crude was trading around its highest in nearly four years on Wednesday, while U.S. crude futures fell as Washington tried to assure consumers that the market would be well Continue Reading
WTI and Brent rallied on Monday and Tuesday, ahead of the API inventories report as traders grew more concerned that sanctions on Iran can have a strong impact on global Continue Reading
Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran’s oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly Continue Reading
Global liquefied natural gas (LNG) markets have evolved in just a few years, morphing from a somewhat limited supply of the super-cooled fuel as recently as four years ago to Continue Reading
If the Organization of the Petroleum Exporting Countries and its nonmember allies including Russia pump too much oil into the marketplace to make up for expected shortfalls from coming sanctions Continue Reading
President Donald Trump on Tuesday took aim at Saudi Arabia and its refusal to lead an increase in oil production, telling the UN that Opec members were “as usual ripping Continue Reading
Energy trader Vitol will stop doing business with Iran after the United States re-imposes sanctions on Tehran’s oil trade from Nov. 4, a senior company executive said on Tuesday. “Business Continue Reading
With U.S. sanctions on Iran’s oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week, Continue Reading
Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Continue Reading
U.S. President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan Zanganeh was quoted as saying Continue Reading
If there was any hope of an early resolution to the reanimated dispute between the United States and Iran, it was extinguished by the testy exchanges between the countries’ leaders Continue Reading
At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the reception Continue Reading
Saudi Aramco has signed a long-term deal with Zhejiang Rongsheng to supply crude oil to the Chinese company’s new refinery in eastern China, a source with knowledge of the matter Continue Reading
OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and demand.” Continue Reading
Highlights Crude output 1.28 million b/d, a five-year high Aims to produce above 2 million b/d by 2022 Algiers — Libya’s crude oil production has hit a five-year high, bringing Continue Reading
Highlights Kingdom claims 1.5 mil b/d spare capacity Using it limits response to further outages May draw from inventories instead London — Saudi Arabia has tried to dispel any fears Continue Reading
