U.S. electric vehicle maker Tesla Inc will begin delivering Model 3 vehicles built at its Shanghai factory on Monday, a company representative told Reuters. Construction of its first plant outside Continue Reading
Corporate defaults in China surged to a record high in 2019, raising new questions over how policymakers in Beijing will manage mounting financial distress among large private and state-owned companies. Onshore Continue Reading
China’s top five suppliers — Saudi Arabia, Russia, Iraq, Brazil and Oman — each delivered record high volumes of crude to China in November, propelling the crude import volume of Continue Reading
The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 7.9 million barrels for the week ending December 18, compared to analyst expectations of a much Continue Reading
Rigs fall 60% year over year. Production inches up 7% Continued production in Oklahoma’s SCOOP-STACK demonstrates how tracking rig count to determine production swings has become an antiquated practice in Continue Reading
The year 2020 could reveal whether a smattering municipal bans on new natural gas hookups for buildings becomes a more widespread movement tied to de-carbonization efforts around the country. Receive Continue Reading
Oil futures finished higher in light trading Thursday amid expectations of a decline in US crude oil inventories. ICE February Brent settled up 72 cents at $67.92/b and NYMEX February Continue Reading
US working gas in storage likely plummeted at a rate well above the five-year average last week on colder weather and record-high LNG demand, but Henry Hub’s balance-of-winter prices continue Continue Reading
The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed Continue Reading
2020 is expected to be another record year for the region with average production above 1.9 million barrels per day. Despite a massive downturn in investment in the U.S. Federal Continue Reading
Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte agreed on Thursday that the situation in Libya must be resolved in a peaceful way, the Kremlin said. In a Continue Reading
The recent exposure of a Russian intelligence operation in Serbia highlights the dual strategy that Russia pursues towards its neighbours. It also underlines the geopolitical position that Serbia finds itself Continue Reading
Volkswagen said on Friday that it would reach a key target in the production of electric autos earlier than previously anticipated. The German automaker will have produced one million electric Continue Reading
The eurozone economy will slow down in 2020 for the third consecutive year, according to a Financial Times poll of economists, who forecast it will be held back by political Continue Reading
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in Continue Reading
Crude oil futures remained higher during mid-afternoon trade in Asia Thursday, supported by the US-China trade deal optimism and bullish US crude inventory data. At 1:52 pm in Singapore (0552 Continue Reading
Benchmark Dubai crude future spreads held largely steady in mid-morning trading hours in Asia on Thursday, as market participants in Asia digested several changes from Middle East oil producers to Continue Reading
The year that is drawing to a close has not been good for oil. Despite production caps across OPEC and beyond, and despite the extra-large number and size of production Continue Reading
New methods of testing and simulating air quality should be considered in order to help policy makers have a more accurate understanding of how emissions affect air pollution levels, new Continue Reading
President Tayyip Erdogan said on Thursday that Turkey will send troops to Libya now that Tripoli has requested it, and he will present legislation to parliament in January for deployment Continue Reading
Whenever a major oil-producing region is engulfed in prolonged warfare, speculation starts to abound regarding all the potential changes to its oil and gas policy and the companies willing to Continue Reading
Charly Triballeau/Agence France-Presse — Getty Images Japan has 512,000 fewer people this year than last, according to an estimate released on Tuesday by the country’s welfare ministry. That’s a drop Continue Reading
China strongly opposes the 2020 U.S. defense draft against Chinese firms and urges Washington to go past its political bias to create favorable conditions for Chinese companies, China’s commerce ministry Continue Reading
Fairfax County is moving to buy energy from contractors who would install solar panels on more than 100 county buildings, part of a growing environmental effort that aims to remove Continue Reading
Chevron surprised a number of people last week when it announced that it would take a non-cash, after-tax impairment charges of $10 billion to $11 billion in its fourth-quarter 2019 Continue Reading
If current crude flow data forms the basis of industry opinion, US shale oil production has shifted the tectonic plates of the market. Thanks largely to a massive output uptick Continue Reading
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns. Natural gas has long been a Continue Reading
Where it stands : The following five charts show the U.S. Energy Information Administration projections for the future from a decade ago, along with current EIA data to compare those Continue Reading
Russia can finish the construction of the Nord Stream 2 gas pipeline to Germany within a couple of months, Interfax cited Russian Energy Minister Alexander Novak as saying. President Vladimir Continue Reading
President Trump and Turkish President Recep Tayyip Erdogan left the stage after a group photo taken at the NATO summit in the U.K. this month. Photo: peter nicholls/Reuters The declaration Continue Reading
Trump’s signing the 2020 NDAA into law on Friday, and with it, sanctions targeting European and Russian companies laying the Nord Stream 2 pipeline, had the immediate impact of forcing Continue Reading
The Government of Sweden has launched a study to offer proposals on how to implement a ban on sales of new gasoline and diesel cars, and the timeline for the Continue Reading
Oil prices were relatively lifeless at the start of the week, holding onto recent gains, but not moving much in either direction. The U.S. consumed 3 quadrillion BTUs in 2018, Continue Reading
Oil settled above $61 a barrel amid light volume as U.S. President Donald Trump said a preliminary trade deal with China is “done” and ahead of government data expected to Continue Reading
Every price rally of 2019 has ended in tears. The latest will probably end similarly. It is based on hope that ending the U.S. – China trade war might improve Continue Reading
Coal prices are on course for their biggest annual fall in more than a decade, hurting producers of the fossil fuel but cutting raw-material costs for struggling steelmakers. The spot Continue Reading
Highlights RBOB rises as AAA forecasts record number of US holiday drivers ICE Brent-NYMEX WTI spread opens to three-week high Saudi-Kuwait neutral zone production agreement casts doubt on longevity of Continue Reading
Platts Dated Brent averaged $79/b over the last decade. The financial crisis, an unforeseen surge in US shale production and the combustible Middle East defined the period for oil markets. Continue Reading
T One oil facilities protection officer was shot to death late Tuesday in a suspected Islamic State (IS) group attack on a vulnerable well of the Khabbaz oil field, 25 Continue Reading
Highlights Militias also control some Syrian oil fields Illicit oil sales between 4,000 b/d and 10,000 b/d Trade highlights Iran’s entanglement in Iraq London — Iranian proxy militias are thought Continue Reading
Brazil’s crude oil production in November topped 3 million barrels per day for the first time ever, the National Petroleum Agency reported, adding that total oil and gas production rose Continue Reading
Venezuela’s PDVSA is hoping to boost its crude production to over 1 million b/d, but analysts are skeptical the state-owned company, faced with deteriorating infrastructure and a lack of buyers Continue Reading
US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a matter of weeks after being imposed in January, and helped Continue Reading
U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to Continue Reading
BEIJING (Reuters) – China’s state planner said on Wednesday it has approved a high-speed railway project worth 72.29 billion yuan ($10.34 billion)in the northeastern provinces of Liaoning and Jilin. It Continue Reading
China’s exports of rare earth magnets to the United States fell 21.2% month-on-month, customs data showed on Wednesday, as improving trade relations between the two countries reduced demand for stockpiling. Continue Reading
Australian firefighters used cooler conditions on Christmas Day to try and contain bushfires ahead of hot, dry weather later in the week, as leaders and communities thanked them for sacrificing Continue Reading
The light rail glides through downtown, disgorging commuters with a jangle of bells every 12 minutes. Just a few blocks away, Interstate 10 is backed up for miles. “It’s so Continue Reading
A bipartisan group of Northeastern and Mid-Atlantic states, and the District of Columbia, have released a draft plan to curb emissions from gasoline and diesel over the next decade and Continue Reading
Friday morning’s low temperature forecast from the American GFS model. (WeatherBell.com) 2019 is likely to go down in the books as the warmest year on record in Alaska. Anchorage hit Continue Reading
