Dirt Cheap Gasoline Is Fueling Colombia’s Cocaine Cartels
Every day, $3 million worth of fuel is smuggled into Colombia from various neighbors who can’t seem to keep their borders under control. Even worse, this is the gas that Continue Reading
Producers delay boosting Vaca Muerta output until political outlook becomes more clear
Highlights ExxonMobil, Shell, Tecpetrol say resource quality is unquestioned The challenge is above the ground; poor conditions Incoming government being watched for policy direction Buenos Aires — Three leading oil Continue Reading
A U.S.-China ‘Phase One’ trade deal may not be inked this year
Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff Continue Reading
Trump says U.S. is still talking to China on trade
U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase Continue Reading
Could Bill Gates’ Secret Startup Kill Fossil Fuels?
A clean energy startup, backed by Bill Gates , says it has achieved for the first time commercially very high temperatures from solar energy that could replace the need for Continue Reading
Blackouts Return to Northern California
Northern California endured its fourth round of blackouts in two months amid high winds, a new norm as the state’s utilities try to prevent deadly wildfires. But the newest outages Continue Reading
Fracking Under Fire In California
California Governor Gavin Newsom just dealt a blow to the oil industry, placing a temporary moratorium on new fracking permits in the state until scientists complete an independent review of Continue Reading
Headwinds Loom for LNG Consumption
New pipeline capacity and restored nuclear power generation will temper LNG market growth. The United States’ ascent to the top tier of global natural gas producers, and its more recent Continue Reading
Gas Prices Languish As Storage Falls To Near-Record Lows
The natural gas market appears to have lost a sense of scale for storage volumes. Prices languish while last week’s EIA figure for gas in storage at the end of Continue Reading
US agencies to push pipeline standards, Arctic drilling revisions in 2020: agenda
Agenda highlights priorities for fiscal 2020 Biofuels volumes, LNG-by-rail rule included Washington — The Trump administration in 2020 plans to work on updating oil spill response requirements and pipeline standards, Continue Reading
Continental to cut 5,040 jobs as combustion engine demand falls
German auto supplier Continental ( CONG.DE ) on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting Continue Reading
Russian Oil Boss: OPEC+ Won’t Decide On Output Cuts Before 2020
Vagit Alekperov, the chief executive of the second-biggest Russian oil producer, Lukoil, expects OPEC and its Russia-led non-OPEC partners to decide next March whether to roll over the production cuts through Continue Reading
Russia To Ask OPEC To Tweak Output Cut Deal
Russia needs to discuss with its OPEC partners the exclusion of gas condensate from its cap under the OPEC+ production cut pact, as condensate isn’t exported, while it is included Continue Reading
Russia to continue working with OPEC despite ‘minor disagreements’: Putin
Russian President Vladimir Putin said Wednesday his country will continue to work with OPEC on stabilizing oil markets despite “minor disagreements.” The current OPEC+ output cut agreement is in place Continue Reading
BMW orders more than 10 billion euros’ worth of battery cells
German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) Continue Reading
Russia wants condensate excluded from OPEC deal: Novak
Highlights Reiterates 2019 output forecast of 556-560 mil mt Russia committed to November output target Moscow — Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas Continue Reading
Volkswagen first to use LNG for overseas car freighters from January 2020; MAN dual-fuel engines
Volkswagen Group Logistics is the first to use two car freighters powered by liquefied natural gas (LNG) in overseas traffic. The two charter ships of Siem Car Carriers were launched Continue Reading
Oil slumps on oversupply fears, trade talk concerns
Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook Continue Reading
More Bad News For Oil As The API Reports A Large Crude Build
The American Petroleum Institute (API) has estimated a crude oil inventory build of 5.954 barrels for the week ending November 14, compared to analyst expectations of a 1.543-million-barrel build—a huge Continue Reading
Fossil fuel polluters from U.S. to China far off climate targets: U.N.
The world’s major fossil fuel producers are set to bust global environmental goals with excessive coal, oil and gas extraction in the next decade, the United Nations and research groups Continue Reading
More than 100 protestors killed in Iran during unrest: Amnesty International
Amnesty International said on Tuesday that more than 100 protestors had been killed in 21 cities in Iran during unrest that broke out over a rise in fuel prices last Continue Reading
Israel launches air strikes in Syria, Damascus says two killed
Israel said its aircraft struck dozens of Iranian and Syrian military targets in Syria on Wednesday in retaliation for rockets fired toward Israel a day earlier. Syrian state media reported Continue Reading
Iraq maintains oil output through protests; ports, fields remain vulnerable
Iraq’s crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports Continue Reading
This Underdog Could Soon Become The World’s Largest Oil Producer
Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s biggest-ever oil auctions Continue Reading
Without a China trade deal, the U.S. will hike tariffs: Trump
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an Continue Reading
Tesla set to make world’s biggest battery even bigger
The world’s biggest lithium-ion battery is about to get even bigger after its Australian operators decided to expand in a bid to stabilise the nation’s fragile electricity grid. French renewables company Continue Reading
Stalled U.S.-China Trade Talks Raise Threat of Another Impasse
Trade talks between the U.S. and China are in danger of hitting an impasse, threatening to derail the Trump administration’s plan for a limited “phase-one” pact this year, according to Continue Reading
China ramps up coal power in face of emissions efforts
China is set to add new coal-fired power plants equivalent to the EU’s entire capacity, as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in Continue Reading
Forget OPEC: China Now Moves The Oil Markets
Not so long ago, oil prices would surge or plummet on just a whisper from OPEC, who at the time held all the supply cards. The mere hint that the Continue Reading
Retailer Results Send Mixed Signals on Consumer Spending
Retailers gave a mixed read on consumer spending heading into the pivotal holiday season, with department store chain Kohl’s Corp. and Home Depot Inc. reporting weak demand, but discounter TJX Continue Reading
As Climate Risk Grows, Cities Test a Tough Strategy: Saying ‘No’ to Developers
Glimpsed from a kayak on West Neck Creek, this swampy piece of land, a pocket of red maple and loblolly pine tucked behind growing subdivisions, doesn’t look like the stuff Continue Reading
Tech Breakthrough Could Spark A Geothermal Energy Boom
Geothermal energy is often billed as one of “the cleanest energy sources” –and with good reason. It’s carbon-free, renewable, and efficient. Even those stoic anti-hyperbolists over at the United States Continue Reading
This Texas Oil Town Sees Strongest Salary Growth In US
Driven by the U.S. shale boom in the Permian basin, personal income in Midland County, Texas, grew by the highest percentage—17.5 percent—of all metropolitan counties in the United States last Continue Reading
Oil Major Lashes Out At New York Despite Key Win In Trial
ExxonMobil may have appeared to score a win when New York dropped two of the four allegations against the oil giant in its much-watched climate change trial , but Exxon Continue Reading
Strike In Canada Threatens Crude By Rail Shipments
More than 3,000 railway conductors, train persons, and yard workers at Canadian National Railway (CN) went on strike at midnight on Tuesday, threatening to disrupt crude by rail shipments out Continue Reading
North Dakota September oil output falls to 1.44 million b/d: state agency
North Dakota’s oil output fell to 1.44 million b/d in September, down about 37,000 b/d from August’s record-setting average, the North Dakota Pipeline Authority reported Tuesday. In an interview with Continue Reading
California Bans High-Pressure Steam Oil Wells
California intensified its battle against fossil fuels by halting new permits for a key production technique following leaks at a Chevron Corp. facility in an area that has pumped crude Continue Reading
California’s PG&E customers face new round of mass outages
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks Continue Reading
Indoor farming looks like it could be the answer to feeding a hot and hungry planet. It’s not that easy.
The next big thing is here, all girders and concrete pads, glass roofing and gravelly dirt. Viraj Puri, co-founder of one of the nation’s largest indoor farm companies, walks through Continue Reading
Is Big Oil Wasting Its Time in The US Shale Patch?
Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and Continue Reading
ConocoPhillips Unveils its 10-Year Operational Plan
ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders. ConocoPhillips revealed its 10-year plan on Tuesday, which includes free Continue Reading
U.S. Suspends More Oil and Gas Leases Over What Could Be a Widespread Problem
Nearly a quarter of the nation’s carbon dioxide emissions come from fossil fuels developed on federal lands, according to a government report. Credit: Bureau of Land Management The Trump administration’s Continue Reading
Turkey And Europe On Collision Course Over Energy Agenda
Turkey’s location has always given it a key geostrategic advantage. Its proximity to the Middle East and the Caspian as well as its position on the Black Sea make it Continue Reading
The Truth About The World’s Deepest Oil Well
How deep into the ground do we have to go to tap the resources we need to keep the lights on? How deep into the ground are we able to Continue Reading
Norway’s Johan Sverdrup oil giant producing well over 300,000 b/d, six weeks from start-up
Norway’s giant Johan Sverdrup oil field is producing at rates “well above” 300,000 b/d, state-controlled Equinor said Tuesday, as official data showed the country’s oil output starting to recover. In Continue Reading
Bridgestone to push for wide commercialization of new High Strength Rubber polymer, now named SUSYM
In May 2018, Bridgestone Corporation announced the development of the world’s first polymer to bond rubber and resins at the molecular level. The new polymer features unprecedented durability with crack Continue Reading
Crude oil futures edge lower as optimism fades over US-China talks
Crude oil futures edged lower during mid-morning trade in Asia Tuesday amid fading optimism over trade talks between the US and China, with an expected increase in US crude stocks Continue Reading
Oil eases amid concern over U.S.-China trade talks dragging on
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising Continue Reading
The Worst Is Over For Oil Markets
Some analysts see the world dodging a recession next year, which provides some upward room for oil prices. Last week, the IEA warned last week that “the hefty supply cushion” Continue Reading
Climate Change Poses Threats to Children’s Health Worldwide
Etienne Laurent/EPA, via Shutterstock The health effects of climate change will be unevenly distributed and children will be among those especially harmed, according to a new report from the medical Continue Reading