U.S. electric vehicle maker Tesla Inc ( TSLA.O ) and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Continue Reading
It was oppressively hot, above 40 Celsius (104 Fahrenheit), and the wind was picking up. Bushfires were devastating nearby towns and now threatened Yanderra, a small village with just over Continue Reading
The plan, approved by China’s cabinet, will lower tariffs for all trading partners on more than 859 types of products to below the rates that most-favored nations enjoy, the Finance Continue Reading
Australia typically has wildfires in its summer months, but this year’s fire season began early—a combination of extreme heat and a severe drought, scientists say. As with California , the Continue Reading
Ko Sasaki for The New York Times IWAKI, Japan — The overpowering earthquake and tsunami that ripped through northern Japan in March 2011 took so much from Tatsuo Niitsuma, a Continue Reading
Good policies and responses depend on accurate analysis, sound assessments of the strengths and vulnerabilities of oneself and one’s competitor, and appreciation of structural and other trends that are difficult Continue Reading
There’s a chance that the iPhone you’re about to get for Christmas contains cobalt mined by a six-year-old. There’s also a chance that that six-year-old has been killed or maimed Continue Reading
Ranchers and government officials here are keeping watch on an enemy army gathering to the north, along the border with Canada. The invaders are big, testy, tenacious — and they’ll Continue Reading
The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold. The 63 banks and savings associations in the world’s biggest shale field Continue Reading
Banks have begun to tighten requirements on revolving lines of credit, an essential lifeline for smaller companies, as these institutions revise estimates on the value of some shale reserves held Continue Reading
A production shutdown started on Sunday at PetroIneos’ 210,000-barrels-per-day Lavera oil refinery in southern France after CGT union workers voted to stop output as part of protests over pension reform, Continue Reading
The US ambassador to Berlin has defended US sanctions against the Nord Stream 2 pipeline designed to supply the EU with Russian gas as “extremely pro-European”, but Berlin condemned the Continue Reading
Under the newly reached five-year transit agreement, Ukraine will transit 65 Bcm of Russian gas to Europe in 2020 and 40 Bcm/year in 2021-2024, Gazprom CEO Alexei Miller said Saturday. Continue Reading
Switzerland-based Allseas — which has been integral to laying the controversial Nord Stream 2 gas pipeline from Russia to Germany — has suspended pipelaying activity after US President Donald Trump Continue Reading
Oil futures finished sharply lower Friday, with declines accelerating after a weekly report on drilling rigs showed a big increase. Baker Hughes reported that the number of active U.S. rigs Continue Reading
Trade talks and positive economic sentiment have helped prop up oil prices this week, but a cautious bullishness is developing ahead of the new year. (Click to enlarge) (Click to Continue Reading
The systems cost several million dollars but will allow the operators to avoid buying new low-sulfur fuel that oil traders say will be some 30% more expensive than conventional bunker Continue Reading
Deforestation and other fast-moving changes in the Amazon threaten to turn parts of the rainforest into savanna, devastate wildlife and release billions of tons carbon into the atmosphere, two renowned Continue Reading
Sonnblick Observatory sits perched on a frigid summit in the Austrian Alps, 10,000 feet above sea level. It is one of the highest weather stations in Europe where meteorologists still Continue Reading
Growth in India’s renewable energy output slumped to 5.7 percent over the seven months to October 2019, from 28.5 percent a year earlier, the country’s Central Electricity Authority said, as Continue Reading
The company didn’t offer details about the posttax impairment charge, but analysts said it is likely linked to lower projections for gas prices. Shell also indicated up to $1 billion Continue Reading
Three decades after gaining independence, Azerbaijan and Kazakhstan face a growing struggle convincing investors and markets of the potential for significant new oil opportunities in the Caspian region. Receive daily Continue Reading
Thousands of firefighters have been tackling blazes in “catastrophic” conditions in New South Wales Catastrophic fire warnings are in place across the Australian state of New South Wales (NSW), where Continue Reading
Introduction Technological innovation in drilling and production has caused rapid growth in U.S. oil and natural gas production during the past few years. One way of developing deeper insight into Continue Reading
The US oil and gas rig count increased by double digits this week, according to Baker Hughes, reaching 813 rigs after increasing by 14 for the week, according to Baker Continue Reading
The largest refinery in Canada, Irving Oil’s 320,000-barrels-per-day Saint John Refinery in New Brunswick on the East Coast, has scrapped its specific carbon emissions reduction target for next year, adopting Continue Reading
Utility-scale storage capacity seen nearly tripling in 2020 Storage driven by state programs at risk from MOPRs Washington — There is little doubt that 2020 is going to be a Continue Reading
A US trade group representing manufacturers with $1 trillion in annual sales wants DOE to reject four applications to export LNG from the Gulf Coast. A U.S. trade group representing Continue Reading
The U.S. has reversed the trend of rig loss to add a net total of 14 rigs this week. Just ahead of the Christmas holiday, the U.S. tacks on 18 Continue Reading
The US coal sector is seeing little hope of improvement in the next few years, after a long list of bankruptcies, power plant closures, layoffs, and other troubles marred the Continue Reading
“This issue comes down to preserving consumer choice and following the law,” said Undersecretary of Energy Mark W. Menezes, adding that the Trump administration is “focusing on innovation over regulation.” Continue Reading
The Trump administration has taken other high-profile steps to try to boost the coal industry, but many of them are tied up in legal challenges. The new order from the Continue Reading
Russia and Ukraine signed a protocol late on Friday agreeing terms for the transit of gas to Europe, bringing forward the long-awaited renewal of a deal due to expire at Continue Reading
Russia and Ukraine reached on Thursday an agreement ‘in principle’ on the transit of Russian gas through Ukraine and onto Europe, European Commission Vice President Maros Sefcovic said at the Continue Reading
Highlights Political framework in place for long-term transit deal Gazprom, Naftogaz set to agree five-year deal: RIA Existing contract to expire on January 1 London — Russia and Ukraine have Continue Reading
President Donald Trump is scheduled Friday night to sign a bill with new Nord Stream 2 sanctions into law, but it remains unclear whether the sanctions will have any impact Continue Reading
London — Oil major Shell warned Friday of lower earnings and underwhelming output in the fourth quarter of 2019, weighed down by a weaker economic outlook as well as challenging Continue Reading
The gas agreement “in principle” reached between Russia and Ukraine on Thursday in Berlin is a sign that the two sides have been able to compromise at the political level, Continue Reading
Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump Continue Reading
Russia must keep to schedule on implementing the Nord Stream 2 gas pipeline link to Europe, a senior Russian senator told state news agency RIA on Saturday, after pipe-laying was Continue Reading
Switzerland-based Allseas — which has been integral to laying the controversial Nord Stream 2 gas pipeline from Russia to Germany — has suspended pipelaying activity after US President Donald Trump Continue Reading
Germany’s Federal Minister of Transport and Digital Infrastructure Andreas Scheuer announced the founding of a new national control enter for charging infrastructure. The mission of the National Control Center is Continue Reading
Sweden is getting serious about banning the sale of new gasoline and diesel powered cars by 2030 as the government commissioned an inquiry on Friday into how the Scandinavian country Continue Reading
Crude oil futures were largely steady during mid-morning trade in Asia Friday as market participants awaited fresh cues for price direction. Optimism derived from the US-China trade deal and the Continue Reading
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing U.S.-China trade tensions lifted business confidence and the outlook for global economic Continue Reading
Iraqi Prime Minister Adil Abd al-Mahdi has indicated he is unlikely to send a draft 2020 budget to Parliament, instead leaving the next government to answer tough questions about how Continue Reading
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading towards its worst week for more than two years Continue Reading
Scientists the world over have been trying to take a space-grade, super-efficient process for creating spray-on solar cells and make it economically feasible–on Earth. Everyone said it was impossible. Until Continue Reading
Natural gas prices are set to close out the year down by about 25 percent, and unlike crude oil, there is not a lot of confidence in a rebound. Record Continue Reading
The United States said new evidence and analysis of weapons debris recovered from an attack on Saudi oil facilities on Sept. 14 indicates the strike likely came from the north, Continue Reading
