Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while Continue Reading
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond as investors worried about the Continue Reading
After a brief reprieve earlier this week, oil prices tumbled again on Thursday, approaching a bear market, as fears spread that the coronavirus outbreak in China would depress oil demand, Continue Reading
Retail investors with long positions in crude oil markets had little to cheer about in 2019 as the market failed to maintain the early-year rally as pipeline outages, geopolitical tensions Continue Reading
One of the most fundamental questions in climate research asks the following: What will the world look like when we reach a certain point of warming? How will it change Continue Reading
Scientists in Antarctica have recorded, for the first time, unusually warm water beneath a glacier the size of Florida that is already melting and contributing to a rise in sea Continue Reading
Further loss of land to rising waters there “threatens to drive further social and political instability in the region, which could reignite armed conflict and increase the likelihood of terrorism,” Continue Reading
Driven by climate change, global mean sea level rose 11–16 cm in the twentieth century1,2. Even with sharp, immediate cuts to carbon emissions, it could rise another 0.5 m this century3,4,5,6,7,8,9,10,11,12. Under Continue Reading
Elisa Raffa, the morning meteorologist at KOLR 10 in Springfield, Missouri, presents a climate solutions segment. For many years, as the science of human-caused climate change grew ever clearer, TV Continue Reading
The year is 2100, and the world’s 12 billion people are still burning fossil fuels with abandon. Compared with preindustrial times, the planet has warmed by 4.5 degrees Celsius, or Continue Reading
Replacing the fossil fuels used in industrial processes with hydrogen will be essential to achieve the net-zero emissions required by 2050 to keep climate warming to 2 degrees Celsius, according Continue Reading
Warm ocean water has been discovered underneath a massive glacier in West Antarctica, a troubling finding that could speed its melt in a region with the potential to eventually unleash Continue Reading
Not all members convinced earlier meeting needed Mar cargoes set, so any new cuts would impact Apr Production data lag may force Saudi Arabia to decide blindly A coronavirus-triggered 10% Continue Reading
Iran’s Deputy Atomic Energy Organization Director Ali Asghar Zarean made a key, provocative announcement on Saturday, saying the Islamic Republic has now passed the low uranium enrichment threshold for a Continue Reading
A resumption in fighting in Libya is threatening to unravel efforts to end a nearly decadelong crisis in the North African country, less than two weeks after foreign backers of Continue Reading
The World Health Organization (WHO) said on Thursday it was declaring the China coronavirus outbreak that has killed 170 people in China a global emergency, as cases spread to 18 Continue Reading
The U.S. State Department has authorized the departure of family members and all non-emergency U.S. government employees at the American embassy in Beijing and consulates in Chengdu, Guangzhou, Shanghai and Continue Reading
Uncertainty over China’s LNG demand has grown following China’s decision to offer force majeure certificates to domestic companies if they are unable to fulfill their international contractual obligations due to Continue Reading
The United States warned Americans not to travel to China as the death toll from a new virus reached 213 on Friday and the World Health Organization (WHO) declared a Continue Reading
Australian authorities warned on Friday of severe fire danger in densely populated areas this weekend, declaring a state of emergency in the capital, Canberra, as soaring temperatures and strong whipped Continue Reading
A bush fire burns behind a ridge near the town of Tharwa, about 20 miles south of Canberra, Australia, on Jan. 30, 2020. (Mick Tsikas/EPA-EFE/REX) A resident stops to take Continue Reading
The ‘ big beautiful monster ’ Phase One trade deal between the United States and China may end up being truly beautiful for U.S. exports on paper only—at least as Continue Reading
Chinese coal mines in Shanxi’s Linfen and Yulin cities have delayed restarting production after the Lunar New Year holidays because of the coronavirus outbreak, sources told S&P Global Platts Friday. Continue Reading
Absent any major policy shift in this decade, the amount of carbon dioxide the United States adds to the atmosphere each year is projected to begin rising by the 2030s, according Continue Reading
Carbon emissions will fall just 4 percent by 2050, according to government projections U.S. carbon emissions are expected to fall just 4 percent by 2050, according to data released Wednesday Continue Reading
Although natural gas produces about half the carbon dioxide emissions when burned than coal does, studies show methane leaks and flaring throughout the supply chain release far more greenhouse gas Continue Reading
Pennsylvania state senators on Wednesday raised concerns that a possible multistate initiative to reduce emissions of climate warming gases from cars and trucks will drive up fuel prices in the Continue Reading
The U.S. economy headed into 2020 on a solid footing, with growth settling back to the roughly 2% pace that has prevailed during the decade-old economic expansion. Gross domestic product—the Continue Reading
The US economy expanded last year at its slowest annual pace since a manufacturing slowdown in 2016, as consumer spending showed signs of flagging. Gross domestic product rose at a Continue Reading
The American economy turned in a weaker annual performance last year than in 2018, held back by developments that set the stage for slower growth to come. Gross domestic product Continue Reading
For years, whenever I found myself in Miami with an afternoon to spare, I sneaked off west to where a road abruptly separates the urban grid from the Everglades. Depending Continue Reading
Lithium and cobalt: the two components of a rechargeable battery that have spurred a research and development rush may eventually meet their match in the future, in a simple element Continue Reading
Wright Electric announced the start of its electric propulsion development program for its flagship 186-seat electric aircraft, named Wright 1. In order to achieve the commercial flight capability of the Continue Reading
When Rolls Royce in December unveiled its new electric plane, it said it would be the fastest electric aircraft , capable of achieving a top speed of 300 mph. It Continue Reading
The first of Big Oil corporations reported Q4 and full-year 2019 results on Thursday, and the financials Royal Dutch Shell ( NYSE:RDS.A ) released doesn’t bode well for the rest Continue Reading
The UK’s oil and gas industry plans to become a net zero oil and gas basin in terms of own production emissions by 2050, as the UK North Sea operators Continue Reading
Russian oil pipeline operator and owner, Transneft, which supplies Urals crude to European customers via the Druzhba pipeline, faces compensation claims of up to US$1 billion for the contaminated oil Continue Reading
Teck Resources is uncertain it will go ahead with a planned oil sands project that is awaiting the approval of the federal Canadian government, the Canadian Press reports , citing Continue Reading
The United States will become a net oil and oil product exporter this year thanks to continued growth in production combined with slacker domestic demand, the Energy Information Administration said Continue Reading
Shell’s upstream oil production increased by 6% on the year to 1.77 million b/d in the fourth quarter of 2019, contributing to what CEO Ben van Beurden insisted is a Continue Reading
Shell CEO Ben van Beurden said Thursday the company was “not spending enough” on its new energies business, particularly in electricity. Speaking to journalists following the release of Q4 earnings, Continue Reading
The amount of electricity generated by low-carbon sources in the UK stalled in 2019, Carbon Brief analysis shows. Low-carbon electricity output from wind, solar, nuclear, hydro and biomass rose by Continue Reading
The French economy unexpectedly contracted in the final quarter of last year as manufacturing output slumped in the face of strikes over an unpopular pension reform, data showed on Friday. Continue Reading
Royal Dutch Shell reported a steep drop in earnings in the fourth quarter, and the financial squeeze may slow the pace of share buybacks and force more asset sales. Shell’s Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Thursday, amid higher US inventories and lurking concerns of poor demand as the coronavirus outbreak continued to spread. At 10:48 Continue Reading
Crude oil headed lower today, reversing a rally after the Energy Information Administration reported a build in oil inventories of 3.5 million barrels for the week to January 24. Analysts Continue Reading
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts. Continue Reading
One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction Continue Reading
The emergence of a deadly virus in China could dampen demand for oil for months to come as global health officials try to contain the growing outbreak. More than 50 Continue Reading
OPEC is in discussions to bring forward its scheduled March 5-6 meeting as the oil market continues to be buffeted by the impacts of the coronavirus outbreak. Receive daily email Continue Reading
