Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said. The Continue Reading
Mexico plans to shortly launch a tender for the construction of a natural gas pipeline between the Tuxpan port on the eastern coast to Cancun and Merida on the Yucatan Continue Reading
There are not many political messages that can slip through a closed window or a locked door, but that’s just what happened last week in Australia’s biggest city. Climate change Continue Reading
The swirling currents of the once mighty Mekong shrunk by drought and increasingly crippled by dams point towards an unprecedented crisis of water governance along the more than 4,900 kilometers Continue Reading
Despite oil prices trading in a range that should have stimulated a notable improvement in consumption, the world actually consumed just 1.6 percent more oil between June and August this Continue Reading
South Korea will shut up to 15 coal-fired power plants out of the total 60 for three months starting December 1 to help reduce air pollution, which could give a Continue Reading
Ever since Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Edward J. Markey (D-Mass.) introduced it last February, the Green New Deal has sparked a rancorous political debate about what exactly should Continue Reading
The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in Continue Reading
Summary of Weekly Petroleum Data for the week ending November 22, 2019 U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending November 22, 2019, Continue Reading
The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling by 1 rig for the week. For oil rigs, this week marks the Continue Reading
An explosion at a chemical plant near Texas’ Gulf Coast injured three people early Wednesday and led to the shutdown of a waterway connecting oil refineries to the Gulf Coast. Continue Reading
The U.S. saw a net decrease of one rig this week. The U.S. idled three oil rigs this week and added two gas rigs for a net loss of one Continue Reading
PG&E Corp. has lost a challenge to a California law that holds it liable for property damage from fires related to its equipment, a win for wildfire victims seeking to Continue Reading
The U.S. economic expansion remained on solid ground as it entered the fourth quarter, although some signs pointed to weaker consumer spending this holiday season. An initial snapshot of the Continue Reading
Hospitalizations for several common diseases—including septicemia (serious bloodstream infection), fluid and electrolyte disorders, renal failure, urinary tract infections, and skin and tissue infections—have been linked for the first time with Continue Reading
Germany’s economy is the biggest and most dynamic in Europe and its gas demand makes it Gazprom’s largest customer in terms of natural gas imports. The country’s gas consumption is Continue Reading
For yet another month, Russia is producing above its quota under the production cut deal, potentially complicating next week’s OPEC+ meeting set to discuss how to proceed with the pact. Continue Reading
Russia’s largest oil company, Rosneft, has started domestic crude oil deliveries from one of the country’s biggest oilfields, the Russkoye field in the Arctic, just days before Russia and OPEC Continue Reading
Russian energy minister Alexander Novak said Thursday that Russia is preparing calculations to exclude condensate from its OPEC+ quota, but has so far yet to take a decision. We have Continue Reading
Oil steadied above $64 a barrel on Wednesday as an industry report showing a surprise boost in U.S. crude inventories was offset by optimism about a U.S.-China trade deal being Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Wednesday amid reports of a surprise build in US stocks data, while focus remained on hopes of positive developments in US-China Continue Reading
Oil prices and a gauge of global stock markets edged higher on Tuesday, lifted by fresh record highs on Wall Street after U.S. President Donald Trump said the United States Continue Reading
The American Petroleum Institute (API) has estimated a crude oil inventory build of 3.639 million barrels for the week ending November 21, compared to analyst expectations of a 418,000-barrel draw Continue Reading
Smoke rises from chimneys of the gas boiler houses as the temperature dropped to minus-7 Celsius in Moscow this month. (Maxim Shipenkov/EPA-EFE/Shutterstock) The world has squandered so much time mustering Continue Reading
Four years after countries struck a landmark deal in Paris to rein in greenhouse gas emissions in an effort to avert the worst effects of global warming, humanity is headed Continue Reading
Strong oil supply growth from non-OPEC countries puts a lot of pressure on OPEC and its Russia-led partners to act, and they will hopefully make the right decision for themselves Continue Reading
The Joint Technical Committee (JTC) at OPEC, the body that reviews oil market fundamentals before the cartel’s ministers gather to discuss cuts, will meet in Vienna on the afternoon of Continue Reading
Renewable energy just got some major investment tailwinds–quite literally. In fact, the biggest breakthrough in wind power generation right now isn’t technological–it’s natural, and it costs nothing. For three decades, Continue Reading
Saudi Arabia has over the past two weeks detained at least eight citizens critical of the kingdom, in what rights groups are calling an escalation in an already two-year-long crackdown Continue Reading
Apparently feeling emboldened by the fact that Saudi Arabia suffered zero repercussions over the Oct.3, 2018 state-ordered murder of Jamal Khashoggi , other than Crown Prince Mohammad bin Salman (MbS) Continue Reading
Abu Dhabi could invest up to US$1.5 billion in the initial public offering of Saudi Aramco, Bloomberg reported on Tuesday, citing people familiar with the matter. Saudi Arabia now relies Continue Reading
Gasoline consumption in Iran dropped to 79 million liters per day in the week following the 50-percent fuel price hike, from an average 98 million liters per day in the Continue Reading
Tehran — Iranian oil minister Bijan Zanganeh is on thin ice, facing potential impeachment over controversial gasoline price hikes just before he is to attend an OPEC meeting in Vienna. Continue Reading
Iran’s top leader on Wednesday denounced an outbreak of deadly unrest as a “very dangerous conspiracy” as authorities reported about 731 banks and 140 government sites had been torched in Continue Reading
The sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi and Gulf investors Continue Reading
Throughout India, the number of days with very heavy rains has increased over the last century. At the same time, the dry spells between storms have gotten longer. Showers that Continue Reading
The communications system of Mexico’s oil giant Pemex is still suffering the lingering effects of a cyberattack that occurred earlier this month, sources from the company told Bloomberg. A ransomware Continue Reading
This year, ExxonMobil announced its 11th and 12th oil finds in the small South American country of Guyana. The estimates of recoverable crude in the country now stand at roughly 5 Continue Reading
Profits at China’s industrial firms shrank at their fastest pace in eight months in October, tracking sustained drops in producer prices and exports and underscoring slowing momentum in the world’s Continue Reading
U.S. law enforcement agencies have prepared plans to respond to any new protests against the controversial Keystone XL pipeline “by any means,” The Guardian reports , citing internal documents. Among Continue Reading
Coal plant capacity averaged 51.6% in Sep Coal took 23.9% share of Sep generation US coal-fired power generation totaled 85.9 TWh in September, down 8.8% from August, US Energy Information Continue Reading
The US will have a primary energy surplus by first quarter 2020, according to Rystad Energy. In just a few months, the U.S. will be fully energy independent and by Continue Reading
Higher natural gas consumption due to extreme summer and winter weather and increased petroleum demand in transportation in a strong economy resulted in the United States reversing in 2018 several Continue Reading
Europe’s power supplies are secure this winter under normal conditions, but Belgium and France could face shortages if there are extreme cold spells in January, formal EU gas grid operators’ Continue Reading
More than thirty years ago a giant tower was built in Manzanares, Spain, to produce electricity in a way that at the time must have seen even more eccentric than Continue Reading
Crude oil futures were largely stable during mid-morning trade in Asia Tuesday amid expectations of a draw in US crude stocks and as the market awaits fresh developments in the Continue Reading
Oil prices rose on Tuesday on hopes of progress toward a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw in Continue Reading
Oil prices were little changed on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign Continue Reading
The world has squandered so much time mustering the action necessary to combat climate change that rapid, unprecedented cuts in greenhouse gas emissions offer the only hope of averting an Continue Reading
Climate change is said to have increased the severity of recent wildfires in Australia Countries will have to increase their carbon-cutting ambitions five fold if the world is to avoid Continue Reading
