Russia’s political order, largely unchanged since the early 1990s, was thrown into feverish uncertainty on Wednesday after President Vladimir V. Putin proposed sweeping constitutional changes that could extend his hold on Continue Reading
The year has started well for Russia when it comes to energy. Two large energy projects have been finished, Turk Stream and Power of Siberia, and the third, Nord Stream Continue Reading
The European Commission is willing to approve national government aid to coal plant operators for closing early, and to manufacturers to decarbonize their production, to support the EU’s 2050 carbon Continue Reading
Russian energy minister Alexander Novak, a key figure in the country’s alliance with OPEC, is to resign along with the rest of the Russian government, after an announcement issued by Continue Reading
Russia’s ruling party on Thursday unanimously backed President Vladimir Putin’s surprise choice for prime minister, Mikhail Mishustin, a man with almost no political profile. Mikhail Mishustin, who was earlier nominated Continue Reading
The German government said on Thursday that energy-intensive companies who compete internationally can get an annual subsidy from 2023 to compensate for higher electricity costs caused by a planned coal Continue Reading
The Trump administration’s threat to impose auto tariffs on Europeans if they failed to call out Iran on nuclear deal underscores the tumult in the transatlantic relationship. (Saul Loeb/AFP/Getty Images) Continue Reading
David Shukman takes a look at the massive scale of Germany’s coal-mining operation The German government and regional leaders have agreed on a plan to phase out coal-fired power stations Continue Reading
The American Petroleum Institute (API) has estimated surprise crude oil inventory build of 1.1 million barrels for the week ending January 10, compared to analyst expectations of a 474,000-barrel draw Continue Reading
The threat of a potential crisis in the Middle East has apparently disappeared for oil traders, with revitalized fears of oversupply now taking center stage. The EIA expects 42 gigawatts Continue Reading
In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore Continue Reading
Iranian President Hassan Rouhani dismissed on Wednesday a proposal for a new “Trump deal” aimed at resolving a nuclear row, saying it was a “strange” offer and criticizing U.S. President Continue Reading
Brokered talks between Libya’s two main warring parties, the Libyan National Army and the U.N.-recognized Government of National Accord, have ended without an agreement after LNA leader Khalifa Hifter refused Continue Reading
While the truce could put the Libyan National Army’s push to seize the capital on hold, it raises the risk that oil exports will be used as a negotiating tool…. Continue Reading
Britain, France and Germany on Tuesday formally accused Iran of violating the terms of its 2015 agreement to curb its nuclear programme, a step by the three powers that could Continue Reading
Britain, France and Germany on Tuesday formally accused Iran of breaking the 2015 agreement that limited its nuclear program, taking the first step toward reimposing United Nations sanctions. The European Continue Reading
Head the UN-backed Government of National Accord (GNA) in Tripoli, Fayez al-Sarraj, and Benghazi-based General Khalifa Haftar who is now warring for control of the capital, were actually in the Continue Reading
Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on Monday, adding that the industry should continue Continue Reading
Lebanese politicians are watching the economy collapse, the senior U.N. official in Lebanon said on Wednesday, rebuking a political elite that has failed to form a government as the country Continue Reading
In his more than three decades in charge of the Islamic Republic of Iran, Ayatollah Ali Khamenei has battled to consolidate power at home and expand the regime’s influence across Continue Reading
Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The U.S. Continue Reading
As always, it’s the fear of sanctions that provides the leverage Trump seeks in this cat-and-mouse game with Iran. And this time, the leverage is over Iraq, which would like Continue Reading
Two Chinese oil workers and an Iraqi security guard are in stable condition after their work transport bus was caught in the middle of a gun battle between rival tribes Continue Reading
Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their Continue Reading
James Murdoch has criticized his father’s news outlets for promoting false skepticism about climate change as deadly bushfires tear across Australia, the original home of Rupert Murdoch’s news empire. In Continue Reading
Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year, maritime watchdog ReCAAP said on Continue Reading
Kia Motors Corporation announced details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and mobility services, Continue Reading
The bill will fund replacing schools’ current diesel school buses with electric ones. Legislation was introduced to the Virginia House of Delegates that would create a grant to replace diesel Continue Reading
A major switch in maritime fuel aimed at reducing emissions from ships is proceeding smoothly, shipping executives say, with new blends available in most ports and operators reporting few problems Continue Reading
This edition of the Short-Term Energy Outlook is the first to include forecasts for 2021. EIA forecasts Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b Continue Reading
Wind and solar power will dominate the electricity generation additions across the United States in 2020, accounting for an overwhelming 76 percent of all new capacity set to begin commercial Continue Reading
Slowing U.S. crude oil production growth will likely lead to a new wave of consolidation across the U.S. shale patch, where the big players will acquire the ‘smaller guys’, shale Continue Reading
Competing renewables and expected higher natural gas prices have prompted the US Energy Information Administration to forecast that natural gas consumption in the power sector will fall 3.2% in 2021 Continue Reading
New York — The US Energy Information Administration on Tuesday lowered by 35 cents to $2.27/MMBtu its first-quarter 2020 forecast for Henry Hub spot natural gas prices. Receive daily email Continue Reading
The Southeast US is likely to have strong solar capacity growth over the next decade, despite the winding down of federal subsidies, a new Fitch Solutions report issued Friday showed, Continue Reading
Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event? (Bloomberg) — Such is the extent of the shakeout Continue Reading
Dionisia Ramos gets on the 37 bus twice a day, rooting through her handbag to dig out the fare and drop it into the slot, so it came as shock Continue Reading
The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In Continue Reading
A Rutgers-led team has developed a new biomass pretreatment process that could make it much cheaper to produce biofuels such as ethanol from plant waste and reduce reliance on fossil Continue Reading
Enevate, a developer of advanced silicon-dominant Li-ion battery technology capable of extreme fast charging for electric vehicles (EVs), announced its new fourth-generation technology optimized for high volume commercialization and manufacturing Continue Reading
Daimler Trucks North America is fleet-testing a Freightliner eCascadia and a Freightliner eM2 106. Daimler recently bundled all of its electric-vehicle activities under a new E-Mobility Group. Photo: Daimler Trucks Continue Reading
Protesters hit the streets across France on Tuesday in a show of force after the government of President Emmanuel Macron tried to end the longest transport strike in French history by Continue Reading
Shell thinks aviation fuel will be one of the critical growth areas to explore, as ground vehicle transportation fuel and other segments are expected to decline over time. One of Continue Reading
Germany, the poster child for renewable energy, sourcing close to half of its electricity from renewable sources, plans to close all of its nuclear power plants by 2022 . Its Continue Reading
German North Sea offshore wind farms generated 20.2 TWh in 2019, up 21% on the year, system operator Tennet said Monday. December itself set a new monthly record with output Continue Reading
Risks posed by climate change and environmental destruction top the concerns of world decision-makers as they prepare to head to this year’s meeting of the global elite in the Swiss Continue Reading
A weak phase in the German industrial sector is not over yet but it is likely to reach turning point soon, the German economy ministry said on Wednesday, citing positive Continue Reading
The German economy grew by 0.6% in 2019, the weakest expansion rate since 2013 and a marked cooling from the previous year, a preliminary estimate from the Federal Statistics Office Continue Reading
Politicians have done too little to prepare their citizens for the “tectonic” economic shifts that will be propelled by the drive towards carbon neutrality, a senior Brussels policymaker has warned, Continue Reading
Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. In November, Continue Reading
