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Month: January 2020

Category:
  • Prices

Oil falls to new three-month lows as virus fears grow, OPEC mulls meeting

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Global stocks, oil tumble on fears virus to hurt China’s economy

 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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Teetering On The Brink Of Bear Market On Coronavirus Fears

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Oil Supply

Why 2020 Could Be A Record Year For Oil Trading Giants

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Worst climate scenario probably won’t happen, scientists say

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Temperatures at a Florida-Size Glacier in Antarctica Alarm Scientists

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Rising Seas Will Erase More Cities by 2050, New Research Shows

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

New elevation data triple estimates of global vulnerability to sea-level rise and coastal flooding

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Weathercasters are talking about climate change — and how we can solve it

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

We may avoid the very worst climate scenario. But the next-worst is still pretty awful.

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Hydrogen needs to replace fossil fuels in industrial applications to meet climate goals: report

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate

Unprecedented data confirms that Antarctica’s most dangerous glacier is melting from below

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • OPEC

OPEC+ mulls advancing meeting date, but deeper cuts to have delayed impact

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Iran
  • Nuclear

Iran Claims It’s “Able To Enrich Uranium At Any Percentage”

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Libya

Libya’s Warring Factions Resume Fighting in Threat to Cease-Fire

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China

WHO declares global emergency as China virus death toll reaches 170

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China

U.S. authorizes departure of some employees from diplomatic facilities in China

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China
  • LNG

China LNG demand uncertainty grows as Beijing offers force majeure shield on virus outbreak

 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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China

U.S. warns citizens against travel to China as virus toll passes 200

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Australia

Australia on standby for fire threat as heat, winds return

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Australia

‘You need a plan’: Heat, high winds may intensify bush fires advancing toward Australia’s capital

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China
  • USA

US-China Oil Deal Dictated By A Market That Hates It

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • China
  • Coal

Chinese coal mines delay production restart in wake of coronavirus: sources

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • USA

If the U.S. doesn’t change course, carbon emissions will rise again in the 2030s

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • USA

Carbon emissions will fall just 4 percent by 2050, according to government projections

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • Natural Gas Supply
  • USA

Is Natural Gas Really Helping the U.S. Cut Emissions?

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • Prices
  • USA

Gas price concerns rise as Pennsylvania considers a regional climate pact for cars

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. Economy Heads Into 2020 With Steady Growth

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

US economy grows at slowest annual pace since 2016

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. Economy Grew at 2.1% Rate in Fourth Quarter

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • USA

Tears for the Magnificent and Shrinking Everglades, a ‘River of Grass’

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Energy Storage

Can Seawater Batteries Replace Lithium?

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Electric Planes

Wright Electric begins motor development program for 186-seat electric aircraft; 1.5MW motor, 3 kV inverter

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Electric Planes

The Secret Behind Rolls Royce’s E-Plane

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Shell

Shell’s Profit Tumbles As Weak Prices Weigh On Oil Majors

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • United Kingdom

UK Oil & Gas Industry Embraces Net Zero Emissions Plan By 2050

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Pipelines
  • Russia

Russian Pipeline Owner Faces $1B Claims Over Tainted Oil

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

$15 Billion Oil Sands Project Might Not Go Ahead Even If Trudeau Approves It

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

U.S. To Become Net Oil Exporter This Year: EIA

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Shell

Shell posts 6% oil output growth in Q4, as earnings suffer

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Shell

Shell ‘not spending enough’ on new energies: CEO

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Climate
  • United Kingdom

Analysis: UK Low-Carbon Electricity Generation Stalls in 2019

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • France

French economy shrinks in fourth quarter as strikes bite

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Shell

Shell’s Slide Is A Major Red Flag For Oil Markets

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

Posted On : 31 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Crude oil futures slide on supply builds, demand concerns

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

Posted On : 30 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Slides On Rising Crude Inventories

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

Posted On : 30 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Oil mixed as virus fears, U.S. stock build face talk of further OPEC cuts

 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

Posted On : 30 Jan 2020 Published By : Tom Whipple
Category:
  • Prices

Could Oil Prices Fall Below $50?

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

Posted On : 30 Jan 2020 Published By : Tom Whipple
Category:
  • Energy Demand

Coronavirus is slowing the global demand for oil

 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

Posted On : 30 Jan 2020 Published By : Tom Whipple
Category:
  • OPEC

OPEC considering moving March 5 meeting forward due to coronavirus impact: officials

 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

Posted On : 30 Jan 2020 Published By : Tom Whipple

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