China warns of deadlock in climate talks
China’s climate chief has warned that the UN climate talks are “deadlocked” in certain areas, as ministers from around the world scramble to reach agreement before the talks end this Continue Reading
Trump tariffs put brakes on US solar
The cost of solar power has plunged over the past decade, making it highly competitive against fossil fuel generation in many parts of the US, and it also often benefits Continue Reading
The Oil Industry’s Covert Campaign to Rewrite American Car Emissions Rules
Marathon, the country’s largest oil refiner, has backed the Trump administration proposal to roll back car efficiency standards. Erin Kirkland for The New York Times Want climate news in your Continue Reading
Last Week, The US Ended Its Reliance On Foreign Oil
For the first time in 75 years, the U.S. became a net exporter of oil last week. From Bloomberg : The shift to net exports caps a tumultuous week for Continue Reading
US dominance in oil markets is only going to get bigger, the IEA says
The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets is only Continue Reading
Gazprom and Lukoil to jointly develop two Arctic fields
Russian companies Gazprom, which produces 12 percent of the global gas output, and Lukoil, which lifts 2 percent of the global crude production, are set to create a joint venture Continue Reading
Fastcharge consortium presents prototype for 450 kW charging station; Porsche research vehicle charges at 400 kW
In Germany, the FastCharge research consortium ( earlier post ) has presented a prototype for a charging station with an output of up to 450 kW in Jettingen-Scheppach, located near Continue Reading
European passenger car sales fall 8.1 percent in November
Volkswagen , Renault, and Fiat Chrysler led an 8.1 percent decline in European car sales in November, the main regional industry body said on Friday, as the introduction of tougher Continue Reading
German carmakers battle veteran environmentalist’s driving ban push
Jürgen Resch is upending the German car industry— one court case at a time. The white-haired veteran of the country’s environmental movement is behind a sweeping legal campaign to uphold Continue Reading
After a Natural Disaster, Is It Better to Rebuild or Retreat?
Should communities hit over and over again by natural disasters — like hurricanes, fires, earthquakes, and tornadoes — keep rebuilding? Or should they retreat from areas that are especially disaster-prone? Continue Reading
Crude oil futures higher on easing trade tensions, US stock draw
Crude oil futures were higher during mid-morning trade in Asia Wednesday amid signs of easing trade tensions between US and China while a draw reported in US crude inventories also Continue Reading
Oil prices steady as Sino-U.S. trade tensions ease
Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and Continue Reading
Oil Prices Steady After EIA Confirms Much Smaller Draw
Crude oil prices remained steady today after the Energy Information Administration confirmed an API estimate of a crude oil inventory draw but a much smaller one than API’s 10.18 million Continue Reading
Oil rises on Libya disruption, planned OPEC-led cuts
Oil prices rose on Wednesday, bolstered by export cuts from Libya and planned OPEC-led production cuts, pulling back briefly after the United States reported a smaller-than-expected crude inventory drawdown. U.S. Continue Reading
IEA sees global oil supply tightening more quickly in 2019
The global oil market could move into deficit sooner than expected thanks to OPEC’s output agreement with Russia and to Canada’s decision to cut supply, the International Energy Agency said Continue Reading
International Energy Agency Oil Market Report
Highlights (13 December 2018) *Please note that these Highlights are from the latest Oil Market Report, which is released in full to subscribers only – according to this schedule each month. Nonsubscribers Continue Reading
Why The OPEC+ Deal Won’t Cut It
Now nearly a week removed from the OPEC+ agreement, confidence in the efficacy of the deal is becoming shaky. Immediately after OPEC+ announced cuts of 1.2 million barrels per day Continue Reading
OPEC offsets Iran oil loss, sees lower 2019 demand
OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group Continue Reading
OPEC maintains 2019 crude oil demand forecast
OPEC on Wednesday kept its projection for an increase in world crude demand in 2019 of 1.29 million barrels per day, while it reduced its non-OPEC supply growth projection. Photo Continue Reading
OPEC November Production Data » Peak Oil Barrel
View full article at peakoilbarrel.com
OPEC exit frees Qatar from U.S. legal concerns
Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC. Kaabi was Continue Reading
Yemen To Resume Oil Exports On U.S. Threat To Withdraw Support
Saudi-led forces and Yemen-based Houthi rebels announced that oil and gas exports will resume in an effort to restore revenues to the troubled country, Reuters reported on Wednesday. The U.S. Continue Reading
Saudi contracts to raise crude oil sales to China by up to 600,000 b/d in 2019: IEA
The International Energy Agency on Thursday raised its estimates of the “call” on OPEC, or demand for OPEC crude, in the first and second quarters of 2019 by 700,000 b/d Continue Reading
Japanese refiners working to resume Iran oil loadings: PAJ chief
Japanese refiners are aiming to resume loadings of Iranian oil from January, but won’t take the risk of loading cargoes beyond March amid doubts over whether Washington would extend the Continue Reading
Nigeria Continues To Depend Heavily On Oil Export Revenue
Despite assurances that Nigeria is working to diversify its economy away from oil, the African OPEC member continues to depend heavily on oil exports, and consequently, on oil prices, for Continue Reading
Nigeria: Opec Cut – Nigeria’s Daily Oil Production to Drop to 1.7mn Barrels
Last Friday’s resolution by the Organisation of Petroleum Exporting Countries (OPEC) to cut 800,000 barrels, or 2.5 per cent of members daily output, will see Nigeria’s daily oil production drop Continue Reading
Saudi Arabia Under Fire From All Sides
Saudi Arabia bet that it could defy the U.S. when it pushed for oil production cuts at the OPEC+ meeting, gambling that President Trump would not lash out in retaliation Continue Reading
Chevron Bets Big On Supergiant Oil Field
Chevron announced last week its capital and exploratory budget for 2019, which sees the first annual increase in spending since the 2014 oil price crash. While most of the investment is geared toward short-cycle Continue Reading
Crystallex Threatens Venezuela’s Crown Jewel Citgo Again
Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex to take control of the Continue Reading
Can China Save the Planet?: Review
Lack of foresight isn’t new in politics. As John F. Kennedy wrote in Why England Slept (1940 ) , that country had snoozed through the rise of, and German rearmament Continue Reading
China’s Hengli Petchem to test new oil refinery on December 15
China’s Hengli Petrochemical Group ( 600346.SS ) will start test-running its new oil refinery in the northeastern city of Dalian on December 15, according to a company statement, slightly behind Continue Reading
CNPC suspends investment in Iran’s South Pars after U.S. pressure: sources
China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Continue Reading
China’s flawed futures contract pushes oil trade to record high in 2018
Shanghai’s new yuan-denominated derivatives contract is set to propel global crude oil futures trading volumes to a record high in 2018, eating into the market share of the two most Continue Reading
Hess Corp sees oil output growing 10 percent per year through 2025
Pumpjacks taken out of production temporarily stand idle at a Hess site while new wells are fracked near Williston, North Dakota November 12, 2014. REUTERS/Andrew Cullen/File Photo HOUSTON (Reuters) – Continue Reading
Will Self-Driving Cars Ever Be Safe Enough?
Autonomous vehicle trial runs are growing in real numbers in California, and so are the crashes coming from the self-driving cars. The California Department of Motor Vehicles has increased the Continue Reading
US House chairman calls for anti-OPEC bill to become law this year | S&P Global Platts
View full article at www.spglobal.com
US EIA reports largest propane draw of season, demand hits 2.6 million b/d
US propane inventories showed the largest draw of the season so far as total demand rose to 2.6 million barrels in the week ended December 7, Energy Information Administration data Continue Reading
US Shale Becomes Oil Industry’s Safe Haven
Big oil is investing more in U.S. shale, not less, after the recent tumble in crude prices. (Bloomberg) — Big Oil is investing more in U.S. shale, not less, after Continue Reading
Big Oil Doubles Down On Shale Despite Price Drop
It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are Continue Reading
U.S. solar takes hit from Trump tariffs but is cheaper than ever: report
U.S. solar installations fell 15 percent in the third quarter as the Trump administration’s tariffs on overseas-made panels forced developers to put off large projects, according to a report commissioned Continue Reading
Alberta’s Output-Cut May Be Working Too Well
Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well. Just over a week after Premier Rachel Notley announced that oil producers will be Continue Reading
Brexit: stage one in Europe’s slow-burn energy collapse
Brexit: stage one in Europe’s slow-burn energy collapse The Brexit fiasco and French riots are accelerating symptoms of Europe’s earth system crisis Nafeez Ahmed Dec 11 Riots in Paris Everyone’s Continue Reading
Climate talks at risk of failure as U.S. leaves a leadership void
Global talks to combat climate change risked breaking up with little to show for them, participants here said Wednesday, with the hostile U.S. stance on aggressive action leaving a leadership Continue Reading
UN head urges countries to reach agreement at Poland climate talks
The UN secretary-general flew back to the climate talks in Poland to deliver an emergency address on Wednesday, urging countries to reach agreement on a widening set of issues that Continue Reading
Crude oil futures trade higher on API data, OPEC cuts
Crude oil futures were higher during mid-morning trade in Asia Wednesday amid a draw reported in US crude inventories, while development around production cuts by OPEC and its allies kept Continue Reading
Oil Prices Head Higher After API Reports Huge Crude Draw
The American Petroleum Institute (API) reported a huge crude oil inventory draw 10.18 million barrels for the week ending December 7, compared to analyst expectations that we would see a Continue Reading
Oil pares gains on threatened U.S. government shutdown
Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible U.S. government shutdown. U.S. stock markets pulled back Continue Reading
Citi: Oil Prices Are Going Nowhere Next Year
We’ve been here before and since global oil markets are indeed cyclical, Citi’s new oil price forecast for 2019 should not come as much of a surprise. The bank forecasts Continue Reading
Global Market Turbulence Caps Oil Prices
The ink has barely dried on the highly-anticipated OPEC+ deal, but the oil market is moving on, growing concerned about other issues. Oil prices gained around 4 percent immediately after Continue Reading
WTI to average $65.18/B in 2018, $54.19/b in 2019: EIA
The US Energy Information Administration on Tuesday significantly reduced its forecast for WTI and Brent crude spot prices in 2019, largely due to record global output, particularly in the US, Continue Reading