In 2018, 4.28 million BEVs, PHEVs and HEVs were sold globally—an increase of 28.6% over the year prior—amounting to 5.2% of total global passenger vehicle sales, according to Adamas Intelligence. Continue Reading
Oil prices dipped on Monday, dragged down by plentiful supply as U.S. exports soar and compete with traditional producers from the Middle East in key markets such as Asia. But Continue Reading
The growing optimism in the oil market in recent weeks has resulted in tangible evidence that traders expect an increasingly tighter crude market going forward this year. Oil market participants Continue Reading
The near-term outlook for oil is modestly bullish as the market continues to tighten significantly, Goldman Sachs said on Monday, helped by the impact of output cuts by producers in Continue Reading
Global liquefied natural gas (LNG) trade will rise 11 percent to 354 million tonnes this year as new facilities increase supplies to Europe and Asia, Royal Dutch Shell said in Continue Reading
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand Continue Reading
The global oil industry is expected to ratchet up spending on new oil and gas projects this year, with the number of new final investment decisions (FIDs) soaring compared to Continue Reading
2018 marked a record year for the sale of battery-powered electric vehicles, according to data from JATO Dynamics. Passenger electric cars recorded 1.26 million sales throughout the year, up by Continue Reading
Abu Dhabi’s flagship Murban crude has sold at a discount in Asia to its official selling price (OSP) for four straight months – the longest stretch in nearly two years Continue Reading
Libya’s El Sharara oilfield remains closed because an armed group is still inside it, the chairman of state oil firm NOC said in a video published by a NOC official Continue Reading
As many as 39 people were killed in election violence so far in Nigeria, civil society groups said on Sunday, as the country awaits the results of voting in what Continue Reading
Venezuelan President Nicolas Maduro faces a new round of sanctions, regional leaders said on Sunday, after his troops repelled foreign aid convoys, with Brazil branding it criminal and urging allies Continue Reading
“We will present firm positions which are an escalation of diplomatic measures, and political measures including the use of force for blocking the humanitarian aid and generating an unprecedented violence,” Continue Reading
Want smart analysis of the most important news in your inbox every weekday along with other global reads, interesting ideas and opinions to know? Sign up for the Today’s WorldView Continue Reading
China’s renewable power generation capacity—including hydro—reached over 38 percent of total newly installed capacity at the end of last year. The country is clearly the world leader in wind and Continue Reading
Although blockchain was originally invented to serve as the public transaction ledger for Bitcoin, the revolutionary technology’s potential functions reach far beyond the world of cryptocurrencies. Blockchain has been widely Continue Reading
Exxon Mobil Corp is trying to block an investor proposal that calls on the world’s largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two Continue Reading
U.S. tariffs on $200 billion of Chinese goods had been scheduled to rise to 25% from 10% at 12:01 a.m. Saturday. In recent talks, Beijing offered to increase purchases of Continue Reading
Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce Continue Reading
Oil prices rose early on Friday, heading for a second weekly increase, driven up by optimism that the U.S. and China will forge a trade deal and that OPEC’s resolve Continue Reading
OPEC+ is taking massive amounts of oil off the market, allowing crude prices to post yet another week of gains. Oil is set to close out another week of gains, Continue Reading
The number of greenfield oil and gas projects to get their final investment decision could rise threefold on 2018, Norwegian energy consultancy Rystad Energy has forecast. Most of these will Continue Reading
Always mandatory reading, BP just released its Energy Outlook 2019 . It has caused quite a stir again this year. But, this time the commotion that I see surrounds BP’s Continue Reading
General Ideas Most people expect that our signal of an impending reduction in world oil or coal production will be high prices. Looking at historical data (for example, this post Continue Reading
Saudi Crown Prince Mohammed bin Salman cemented a $10 billion deal for a refining and petrochemical complex in China on Friday, meeting Chinese President Xi Jinping who urged joint efforts Continue Reading
The Kenyan government has warned that it will not cede an inch of its soil in the disputed maritime border with Somalia even as it affirmed that it is committed Continue Reading
Nigeria’s two main presidential candidates urged the public to vote in a pivotal election on Saturday as they tried to avert a slump in turnout after a week-long delay to Continue Reading
Nigerian president Muhammadu Buhari casts his vote at a polling station in Daura, Katsina State Nigerians are finally going to the polls for the country’s general election following a last-minute Continue Reading
A High Court in London, headed by Justice Andrew Burrows, has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have Continue Reading
Opposition figures are vague about their plans for Saturday but they appear to hope for a mass mobilization of Venezuelans on both sides of the border that will descend on Continue Reading
The ongoing power struggle in Venezuela has extended to a row over who is managing its state oil firm PDVSA and its key asset, U.S. refiner Citgo Petroleum—and this could Continue Reading
As Venezuela emerges from its dire political, economic and humanitarian crisis, its lifeblood oil industry will play a central role in steering the country toward recovery. But state oil company PDVSA Continue Reading
US Vice President Mike Pence is scheduled to visit Colombia on Monday to bolster the Trump administration’s push for regime change in Venezuela as US sanctions on state-owned oil company Continue Reading
US sanctions could more than halve Venezuela’s crude production by the end of the year, hitting heavy oil joint ventures in the Orinoco Belt and fields operated solely by state Continue Reading
Asdrubal Chavez, chief executive of Houston-based Citgo Petroleum Corp, boarded the Venezuelan-owned firm’s corporate jet in Caracas on Jan. 30, after meeting with top officials of the embattled administration of Continue Reading
Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges Continue Reading
The political showdown over the delivery of aid to Venezuela turned deadly Friday when its security forces fired on protesters near the country’s Brazilian border, killing two and wounding a Continue Reading
Politicians from the Venezuelan opposition and their supporters prepared to challenge President Nicolás Maduro’s blockade of U.S. and other foreign aid on Saturday, as fears mounted that the attempt could Continue Reading
When ExxonMobil begins oil production in Guyana next year; mining crude from its seven new deep-water wells, life may change dramatically in this small South American country. The mega deal Continue Reading
The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes, despite record-breaking production for the week ending February 15. The Continue Reading
Canada’s energy regulator recommended approval of the government-owned Trans Mountain pipeline expansion, clearing one of the major obstacles for the project to move forward. The National Energy Board said in Continue Reading
The U.S. dropped a total of four oil rigs this week while the gas rig count remained flat. The U.S. dropped four oil rigs this week, according to weekly data Continue Reading
U.S. energy firms this week cut the number of oil rigs operating for the first time in three weeks week after U.S. crude production hit an all-time high, boosting exports Continue Reading
Weak returns at U.S. shale producers could cost more executives their jobs and lead to increasing battles with activist investors, analysts said following changes at two producers. After years of Continue Reading
U.S. crude oil production hit a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly Continue Reading
Crude takeaway to exceed Permian production by 1 million b/d in 2020 Narrowing discount on WTI locked in at Midland Permian hub Gas takeaway constrained prior to October startup of Continue Reading
Chevron Phillips Chemical may build a steam cracker and at least one derivative unit in far southeastern Texas, according to documents filed with the Texas Comptroller’s office. Receive daily email Continue Reading
Liquid metal batteries, invented by MIT professor Donald Sadoway and his students a decade ago, are a promising candidate for making renewable energy more practical. The batteries, which can store Continue Reading
Crude oil futures moved marginally lower during mid-morning trade in Asia Friday, amid a build reported in US crude inventory while news of Nigeria’s cooperation with OPEC to reduce output Continue Reading
Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. Despite this, prices remained just below Continue Reading
