Over the past six months, the number of drilled but uncompleted (DUC) wells across the U.S. shale patch has been steadily declining in a fresh sign that shale producers have Continue Reading
Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous experts making outrageous claims such as the Permian Shale is a Continue Reading
The U.S. government has approved First Solar Inc.’s proposed $1 billion Desert Quartzite Solar Project on roughly 3,000 acres of public land in eastern Riverside County, California. The project has Continue Reading
Throughout Tuesday night’s Democratic presidential debate, there were signs of the strong progressive push on climate action that is animating the presidential race as it reaches a critical moment. Contenders Continue Reading
The U.S. renewable energy industry doesn’t seem to take much notice of President Donald Trump’s views on green energy and climate change as investments surged to a record last year. New Continue Reading
Germany has agreed to compensation of about 40 billion euros ($45 billion) for affected regions, workers and companies as part of plans to end its use of brown coal in Continue Reading
A top German utility said it would eliminate thousands of jobs tied to the country’s phase-out of coal, as the government pledged nearly €50 billion in aid to German regions, Continue Reading
Poland is to amend the 10-H distance law for onshore wind projects in the first half of this year, the country’s development minister Jadwiga Emilewicz said Thursday. Receive daily email Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Thursday as optimism emerged after the US and China signed Phase 1 of the trade agreement. At 11:08 am Singapore Continue Reading
Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products but recovered some of the losses later by the signing of a Continue Reading
A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for the week Continue Reading
Although oil production in the Permian Basin shows all signs of slowing down in the new year , the West Texas shale revolution is not over yet. In fact, shale Continue Reading
A rise in oil demand growth this year will be offset by a sharper increase in non-OPEC supply, the producer group said in its monthly oil market report published Wednesday. Continue Reading
Global oil demand growth is accelerating to 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019, with growth expected in all regions except Western Continue Reading
The oil market is likely to stay well supplied in the near term with oil stocks growing in the first half of 2020 despite deeper production cuts from the OPEC Continue Reading
When it comes to the future sustainability (excuse the pun) of oil companies, there are two trains of thought, one of which is that they should ‘stick to their knitting’ Continue Reading
In 1937, John Maynard Keynes gave a lecture on “Some Economic Consequences of a Declining Population”. Many at the time felt the world was overpopulated and fewer people could only Continue Reading
Climate change and environmental destruction top the risks highlighted by world decision-makers in a survey ahead of the 2020 gathering of the global elite in the Swiss ski resort of Continue Reading
Last year was the Earth’s second-hottest since records began, and the world should brace itself for more extreme weather events like the bushfires ravaging much of Australia, the World Meteorological Continue Reading
The world’s business leaders and politicians are sounding the alarm on climate change, citing environmental-related issues as their most significant concerns in the coming decade that could wreak costly economic Continue Reading
Footage from a human rights advocacy group appeared to show police firing tear gas at protesters in Tehran. WSJ’s Sune Rasmussen explains why some Iranians took to the streets after Continue Reading
Healthier global economic growth in 2020 is expected to lead to higher oil demand growth this year, OPEC said in its closely-watched Monthly Oil Market Report (MOMR) on Wednesday. OPEC Continue Reading
Iran’s auto production has declined on the back of difficulty in sourcing parts, according to Fars News Agency. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
With tweets of solidarity in Farsi and technological tools to circumvent internet shutdowns, U.S. President Donald Trump might be close to exhausting his options to support Iranian protesters rising up Continue Reading
Iraq’s caretaker Prime Minister Adel Abdul-Mahdi indicated he would leave a decision whether to expel U.S. forces from the country to his successor, potentially slowing a push that could trigger Continue Reading
Abu Mahdi al-Muhandis, one of the most powerful militia commanders in Iraq, was killed in the same US air strike that eliminated the Iranian spymaster Qassem Soleimani and pushed Washington Continue Reading
It sounds counterintuitive and counterlogical, but there is a possibility that if the current government of Iran is toppled, crude oil prices could drop to $40 a barrel. That’s according Continue Reading
OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a Continue Reading
The Vice President, Dr Mahamudu Bawumia, has said that the country loses over 200 million dollars per annum in tax revenues due to illicit activities in the downstream petroleum sector. Continue Reading
Argument Catastrophic fires make it hard for media to stick to old narratives. Australia, the fossil-fueled paradise at the bottom of the world, is too easily misunderstood. The summer bushfire Continue Reading
President Trump signed an initial trade deal with China on Wednesday, bringing the first chapter of a protracted and economically damaging fight with one of the world’s largest economies to a close. The pact Continue Reading
Peace rather than more conflict is finally in the cards, at least temporarily, for the United States-China economic relationship. After many twists and turns, the United States and China are expected Continue Reading
The Trump administration, which vowed to roll back Obama-era fuel economy standards to make cars more affordable might stop short of freezing these at 2020 levels, AP’s Tom Krisher reports Continue Reading
China has committed to purchase $36.3 billion worth of US agricultural products, including soybeans, in 2020 and $43.3 billion in 2021, under the Phase 1 trade deal signed Wednesday, according Continue Reading
China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Continue Reading
The U.S. and China signed a deal marking a truce in the trade war between the two nations, with President Trump saying it was a “momentous step” toward a future Continue Reading
A crippling drought in eastern Australia is threatening the production of commodities from coal to gold, sparking a scramble by companies for water to keep their operations going. The affected Continue Reading
A Phase-1 trade agreement signed between the United States and China on Wednesday saw Beijing pledge to buy more metallurgical coal in the next two years from China plans to Continue Reading
It’s not just Australia that’s having a rough start to the new year. Indonesia’s sinking capital of Jakarta and the surrounding areas have been inundated with rain, triggering landslides and Continue Reading
A multi-billion dollar boom in petrochemical plants proposed along the U.S. Gulf Coast could pump as much greenhouse gas into the air as 131 coal-fired power plants by 2030, according Continue Reading
The Federal Reserve and other central banks have long been the unchallenged drivers of financial markets and the business cycle. “Don’t fight the Fed,” goes one Wall Street adage. That Continue Reading
Summary of Weekly Petroleum Data for the week ending January 10, 2020 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending January 10, 2020, Continue Reading
With tensions in the Middle East high, I have fielded a number of queries on how this might impact the world’s oil markets. Today I want to explore that issue. Continue Reading
US coal carloads were at 70,831 in the week ended January 11, up 1.5% from 69,757 a week earlier, but 18.6% lower than 87,228 in the year-ago week, the Association Continue Reading
TC Energy Corp. plans to begin pre-construction work on the Keystone XL oil pipeline next month, moving the long-delayed project forward even as opponents continue to fight it in court. Continue Reading
U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down this year, but the Continue Reading
Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this year, and some basins will Continue Reading
Temperatures of -30 degrees Celsius and lower have descended on Alberta and Saskatchewan – cold enough to render the region’s viscous oil rock solid. (Bloomberg) — An arctic blast sweeping Continue Reading
The Thomas Fire, which devastated parts of Ventura and Santa Barbara counties in December 2017, was one of the largest fires in California history. Investigators determined the blaze was ignited Continue Reading
Germany’s economic growth slumped to a six-year low in 2019 as the export powerhouse faced challenges in its flagship car industry, persistently slowing Chinese growth and global trade conflicts, a Continue Reading
