The new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kolo Kyari yesterday assumed office setting targets that included fixing all the country’s refineries before Continue Reading
The yield on short-term Treasurys has been higher than on long-term notes for more than 30 consecutive trading sessions, a sign that investors are concerned about the durability of the Continue Reading
Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm Continue Reading
Sales of passenger cars in China fell 14 percent in the first half of the year compared with 2018, putting automakers in the world’s largest market on track for a Continue Reading
China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil Continue Reading
China’s solar panels would work better with less air pollution Kevin Frayer/Getty Images Cleaning up China’s hazy skies would increase electricity generation from the country’s vast array of solar panels Continue Reading
A law firm representing small U.S. refineries has urged the Environmental Protection Agency to keep refiners’ applications for waivers from the nation’s biofuel policy secret from the Department of Agriculture, Continue Reading
Tesla fans who plan on buying a Tesla in the future might want to hurry up as the EVs could become a lot more expensive once the company’s output becomes Continue Reading
EIA cuts Q4 Henry Hub spot gas price forecast 29 cents to $2.65/MMBtu US EIA raises Q4 gas demand forecast by 0.94 Bcf/d to 88.16 Bcf/d Washington — The US Continue Reading
The future of transportation is already here – but even by the standards of new technology, it is very unevenly distributed. Self-driving cars, a long-promised revolution, are still only available to Continue Reading
Carmakers in Europe and North America are having a hard time with the much-hyped EV revolution that they are all eager to take part in. It’s a struggle to make Continue Reading
Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft ( TRNF_p.MM ) and the Continue Reading
The dispute between Rosneft and Transneft ( TRNF_p.MM ) is not a matter for Russian President Vladimir Putin to intervene in because it is a corporate matter, Kremlin spokesman Dmitry Continue Reading
To help electric vehicle batteries last longer, Bosch is developing new cloud services that supplement the individual vehicles’ battery-management systems. Bosch is connecting electric-vehicle batteries with the cloud. Its data-based Continue Reading
OPEC and allies had little choice but to roll over their production cuts into the first quarter of 2020 amid higher-than-average global inventories, continued uncertainties over the global economy and Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday following a survey that showed that OPEC compliance to its production cut deal was lower in June, while market Continue Reading
Oil rose above $64 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the U.S.-China trade dispute that is dragging on the global economy and oil Continue Reading
Oil prices steadied on Monday as tensions over Iran’s nuclear program countered concerns about whether slowing global economic growth would hit oil demand. Brent crude futures fell 12 cents to Continue Reading
Environmental activists demonstrate during a Extinction Rebellion protest April 17 in London. (Henry Nicholls/Reuters) The consulting firm Moody’s Analytics says climate change could inflict $69 trillion in damage on the Continue Reading
OPEC has asked on Monday for a timely settlement to the tensions that have flared up between the United States and Iran and Venezuela, Anadolu Agency reported on Monday, citing Continue Reading
OPEC would be wise to avoid picking a fight with Greta Thunberg. The 16-year-old poster child of the Extinction Rebellion movement wants to bring the fossil fuel era to an Continue Reading
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Continue Reading
Iran threatened on Monday to restart deactivated centrifuges and ramp up enrichment of uranium to 20% purity in a move away from the 2015 nuclear deal, but the head of Continue Reading
A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, triggering a strong protest from Nicosia and a rebuke from Continue Reading
With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no Continue Reading
As tensions between the U.S. and Iran rise, a series of incidents has put a strategic maritime waterway back into the spotlight: The Strait of Hormuz. WSJ’s John Simons explains. Continue Reading
The Trump administration refrained from a military strike last month, but the U.S. and Iran’s cycle of escalation continues. Iran announced its latest plans to reduce its commitment to the Continue Reading
The Government of Gibraltar has confirmed that the Iranian supertanker allegedly on its way to Syria was fully laden with 2 million barrels of crude oil, Reuters reported on Monday. Continue Reading
Tankers are shunning the port of Fujairah in the UAE, the main refueling hub of the Middle East, following the two attacks involving tankers in the area in the past Continue Reading
A blackout struck a major Venezuelan oil refinery, crippling operations at a time when oil production had appeared to be stabilizing. It’s been an odd few months for Venezuela, where Continue Reading
Venezuela’s largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said Sunday. Continue Reading
The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their Continue Reading
This interactive presentation contains the latest oil & gas production data from all 22,637 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through March Continue Reading
Highlights June sales alone totaled more than 37,800 units Tesla dominates the US EV market Houston — Electric vehicle sales and deliveries in the US in the first half of Continue Reading
Wood Mackenzie projects up to 500,000 bpd of new crude oil takeaway capacity from the Permian Basin to the U.S. Gulf Coast. Thanks to growing production from the Permian Basin, Continue Reading
The arrival of ridehailing is associated with an increase of approximately 3 percent in the number of motor vehicle fatalities and fatal accidents, according to research from the University of Continue Reading
As of May 2019, there were more than 68,800 Level 2 and DC fast charging units throughout the United States. Of that total, 16%, or approximately 10,860 units, were DC Continue Reading
The United States is proving that a strong economy and a vibrant energy sector are compatible with a healthy environment, according to U.S. President Donald Trump. The United States is Continue Reading
Goldman Sachs said growth in U.S. shale production is likely to outpace that of global demand at least through 2020 and limit gains in oil prices despite output curbs led Continue Reading
Last week saw Japan’s Mitsui and Japan Oil, Gas and Metals National Corporation agree to buy a 10% stake in Novatek’s Arctic LNG (liquefied natural gas) 2 project for an Continue Reading
Russian pipeline monopoly Transneft curbed oil intake from Yuganskneftegaz, the main upstream unit of Rosneft, four industry sources told Reuters on Tuesday, leading to a fall in Russia’s oil production. Continue Reading
Three months since the introduction of the Ultra-Low Emissions Zone (ULEZ) in London, results of a year-long trial in the capital suggest that plug-in hybrid electric (PHEV) commercial vehicles could Continue Reading
Oil prices rose on Monday, boosted by escalating tensions around Iran’s nuclear program and better-than-expected U.S. jobs data. Brent crude futures were up 34 cents by 0908 GMT at $64.57. Continue Reading
With the Trump-Xi meeting leading to a restart of trade negotiations and the OPEC+ summit resulting in an extension of the production cuts, two major uncertainties facing the oil market Continue Reading
Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels. Ever since Continue Reading
David Silverman/Getty Images As Europe heats up , Greenland melts and the Midwest floods , many news organizations are devoting more resources to climate change as they cover the topic Continue Reading
To avoid climate change catastrophe, the world must rapidly transform its economy away from fossil fuels. But to achieve this historically unprecedented task, the news industry must also transform, urged Continue Reading
Iran’s Oil Minister Bijan Zanganeh said on Sunday that he was very hopeful of an improvement in the country’s crude exports, state TV reported, in spite of tightened U.S. sanctions Continue Reading
A second Turkish drillship will begin drilling for oil and natural gas in the eastern Mediterranean within a week, Turkey’s energy minister said, in a move which that could strain Continue Reading
Tanker Ships on May 15 Position Route Countries Visited Most tankers that left the Persian Gulf from May 15 to June 15 were headed to ports in Asia. Source: MarineTraffic Continue Reading
