Crown Prince Mohammed bin Salman finally saw Saudi Aramco reaching the US$2 trillion valuation he has sought for years. Yet, this record-breaking valuation , achieved on the second day of Continue Reading
Israel’s biggest natural gas field, Leviathan, is expected to begin production on Monday, the Israeli energy ministry said on Thursday, after a Jerusalem court rescinded an injunction that it had Continue Reading
Shares in Saudi Aramco dipped 3.27 percent on Thursday as the oil giant was hit by profit-taking, ending the trading week in Saudi Arabia among the top losers today, and Continue Reading
Libya’s General Haftar is closing in on Tripoli, which in turn is prompting a sudden uptick in Turkish activity on behalf of the Tripoli-based government, and this next phase of Continue Reading
The anti-graft agency, EFCC, says it now has a former justice minister, Mohammed Adoke, in its custody. Mr Adoke returned to Nigeria on Thursday from Dubai, where he was arrested, Continue Reading
Nigerian Environment Minister Mohammad Mahmood Abubakar poses for a picture in front of his country’s office at the U.N. climate conference in Madrid, December 11, 2019. Madrid — “If the Continue Reading
Senior Nigerian employees of US oil major Chevron have started strike action this week to protest against job cuts and non-payment of allowances, with the potential to disrupt the company’s Continue Reading
The recent launch of China’s national oil and gas pipeline company is a key step towards energy market reform, but still a long way from having any discernible impact on Continue Reading
The “freedom gas” phrase coined by a U.S. Under Secretary of Energy earlier this year, has won the award for worst phrase from the Australian Plain English Foundation. “When a Continue Reading
Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure. Crude-by-rail capacity in Alberta is expected to grow by 100,000 barrels a Continue Reading
“We’re not pointing a finger,” said Kurt Blanock, whose teenage son died of Ewing’s sarcoma three years ago. His wife, Janice Blanock, was one of the parents who pushed for Continue Reading
Down 23.1% from five-year weekly average Annualized 2019 output estimated 704 million st Now Weekly US coal production was estimated to be 12.7 million st in the week ended December Continue Reading
London’s average level of pollution is above recommended limits Exposure to air pollution is linked to a greater risk of depression and suicide, the first overview of studies on the Continue Reading
The extraction of oil produces natural gas which, for a long period, was regarded as a relatively useless byproduct. Flaring was the most common way to get rid of this Continue Reading
Russia and Ukraine have agreed “in principle” a new gas-transit deal, with the details to be finalized on Friday, senior European Commission official Maros Sefcovic said Thursday. Receive daily email Continue Reading
H Russian President Vladimir Putin reiterated Russia’s interest in reaching an agreement with Ukraine over gas transit to Europe from 2020, during his annual press conference Thursday. Receive daily email Continue Reading
The EU unanimously agreed to prolong financial, energy and other economic sanctions against Russia for its role in the conflict in Ukraine by six months to July 31 due to Continue Reading
Royal Dutch Shell ( RDSa.L ) said on Friday it expects to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink Continue Reading
The mood among German consumers deteriorated unexpectedly heading into January, a survey showed on Friday, suggesting that household spending in Europe’s largest economy could weaken at the beginning of next Continue Reading
Britain’s economy grew a little faster in the third quarter than first estimated and the country’s current account deficit shrank to its smallest since 2012, a small boost ahead of 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
Crude oil futures were largely steady during mid-morning trade in Asia Thursday following the release of the US’ stocks data for both crude and oil products last week, which were Continue Reading
Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China. Brent crude futures edged up 10 Continue Reading
Crude oil futures were lower during mid-morning in Asia Wednesday after a bearish US inventory report, while lingering optimism over the US-China phase one trade deal capped further declines. At Continue Reading
The failure of global climate talks in Madrid last week to decide the fate of billions of old carbon credits raises the stakes for the U.N aviation body in Montreal, Continue Reading
An economic slowdown in many parts of the world and the phase-out of EV subsidies in the United States have led to lower EV sales this year, a survey by Continue Reading
In mid-October government officials inaugurated the village of Id Mjahdi, located near the western city of Essaouira. The first of its kind in Africa, the village, which is capable of Continue Reading
Export TargetsImplied targets in the trade deal call for a sharp increase in U.S. exports to ChinaU.S. goods and services exports to ChinaSource: Commerce Department (goods and services)Note: 2019 data Continue Reading
New electric vehicle (EV) sales in China plunged in November for the fifth consecutive month, extending a decline that we’ve been highlighting for the past 1.5 years. Last month, we Continue Reading
No specific details so far on Chinese purchase commitments Cheaper Brazilian soybeans already cover much of China’s near-term demand Friday’s phase one trade deal between the US and China may Continue Reading
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world’s two largest economies announced a Continue Reading
China and the United States are in touch over the signing of their Phase 1 trade deal, China’s commerce ministry said, which will see lower U.S. tariffs on Chinese goods Continue Reading
A degree of resolution is finally in view in two of the fights Donald Trump has picked with the US’s trade partners. Deals have been announced for a US-China trade Continue Reading
Australians on the heatwave: ‘It’s so hot, I feel like dying’ A state of emergency has been declared in New South Wales, Australia, amid fears a record-breaking heatwave will exacerbate Continue Reading
Summary of Weekly Petroleum Data for the week ending December 13, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending December 13, 2019, Continue Reading
The US Department of Energy’s (DOE’s) Advanced Research Projects Agency-Energy (ARPA-E) announced up to $55 million in funding for two programs to support the development of low-cost electric aviation engine Continue Reading
Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million. U.S. independent Devon Energy Corp. has agreed to sell its Barnett Shale Continue Reading
In 35 years of working in Alberta’s oil patch, home to the world’s third-largest crude reserves, Ray Mildenberger endured a volatile industry’s ups and downs without being laid off. That Continue Reading
The oil market’s biggest nightmare briefly came true in 2019 – an attack that knocked out more than half of all production in Saudi Arabia, the world’s biggest crude exporter. But Continue Reading
When former Energy Secretary Ernest Moniz said in 2013 that the natural gas boom was helping America fight climate change, not everyone was convinced, with methane leaks cited as cause Continue Reading
Canada’s federal government has returned security deposits that oil majors had paid to drill in Canadian Arctic waters which are currently off limits until 2021, but even if Canada lifts Continue Reading
Delta has entered a long-term offtake agreement under which Delta will purchase 10 million gallons per year of sustainable aviation fuels (SAF) from Gevo—specifically, Gevo’s Alcohol-to-Jet Synthetic Paraffinic Kerosene (ATJ-SPK). Continue Reading
The transition to net zero carbon emissions is both a physical necessity to stabilise the global rise in temperatures and the law of the land in the UK. To achieve Continue Reading
A U.S. Senate panel has passed a bill that is designed to punish Russia for its alleged interference in democratic processes abroad as well as “malign” actions in Syria and Continue Reading
A highly toxic and possibly illegally traded chemical substance was the main culprit in the crisis with contaminated oil, which had Russia interrupt oil flows on its Druzhba pipeline to Continue Reading
The U.S. sanctions aimed at derailing the Russia-led Nord Stream 2 gas pipeline from Russia to Germany came too late to have a meaningful effect on a nearly completed project, Continue Reading
Oil futures extend runs higher amid strong Chinese crude appetite Lack of details on US-China phase 1 deal caps upside price movement Chicago ULSD discount to NYMEX spikes on low Continue Reading
Oil prices rose more than 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world’s two largest Continue Reading
The American Petroleum Institute (API) has estimated a huge surprise crude oil inventory build of 4.7 million barrels for the week ending December 11, compared to analyst expectations of a Continue Reading
Although coal demand is expected to decrease this year, it will remain largely stable until 2024, driven by continued strong demand in major Asian economies such as India and China, Continue Reading
