Gas displaced coal in Europe’s shrinking fossil-fired generation sector in 2019 as strong gains for wind and reduced demand helped to offset falling nuclear and hydro, energy consultancy EnAppSys said Continue Reading
Belarusian operator Gomeltransneft Druzhba said Tuesday that it has begun repair work on sections of the Druzhba oil pipeline network between Mozyr and Brest, after a large number of defects Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Tuesday on market optimism ahead of the US-China phase one trade deal signing this week. However, anticipation of rising US Continue Reading
Oil prices slid toward $64 a barrel on Tuesday, extending four straight days of declines due to easing concerns of possible supply disruptions as a result of tensions in the Continue Reading
China’s oil demand growth is expected to slow dramatically this year, a trend that should have a substantial impact on the global oil market. CNPC said that oil demand in Continue Reading
Too often, it seems, matters of population are overlooked in discussions of global sustainability. And this is true, despite some rather obvious points: A world of, say, 5 billion people Continue Reading
Meeting global temperature targets is achievable but will require action in every sector of the economy, the International Energy Agency’s chief said. Receive daily email alerts, subscriber notes & personalize Continue Reading
Last year was the warmest year on record for the world’s oceans, part of a long-term warming trend, according to a study released Monday . “If you look at the Continue Reading
OPEC+ members will remain united in their stewardship of the oil market, whether or not their current production cuts are extended beyond their currently scheduled March expiry, OPEC Secretary General Continue Reading
Fresh sanction powers authorized by President Trump against Iran could squeeze the remaining trade and finance channels keeping the Iranian economy on life support by threatening those companies still doing Continue Reading
Iran is caught in a wretched economic crisis. Jobs are scarce. Prices for food and other necessities are skyrocketing. The economy is rapidly shrinking. Iranians are increasingly disgusted. Crippling sanctions imposed Continue Reading
Several people have been detained in Iran over the accidental shooting down of a Ukrainian passenger plane with a missile, the country’s judiciary says. pokesman Gholamhossein Esmaili said investigations into Continue Reading
Protesters denouncing Iran’s clerical rulers took to the streets and riot police deployed to face them on Monday, in a third day of demonstrations after authorities acknowledged mistakenly shooting down Continue Reading
Hydrogen produced by renewables in the very best locations could become cost competitive in the next five year, UAE environment minister Thani Al Zeyoudi told delegates at International Renewable Energy Continue Reading
Turkey will not refrain from “teaching a lesson” to Khalifa Haftar, the commander of eastern Libyan forces, if they continue attacks against the country’s internationally recognized government, President Tayyip Erdogan Continue Reading
The United States on Monday imposed sanctions on seven Venezuelan politicians it said led a bid by President Nicolas Maduro to wrest control of the country’s congress from U.S.-backed opposition Continue Reading
Chile’s environmental regulator on Monday charged state oil company ENAP with improper fracking in Tierra del Fuego, a wild, largely unpopulated region at the southern fringe of the South American Continue Reading
From his palace in Caracas, President Nicolás Maduro projects an image of strength and his grip on power appears secure. Residents have a regular supply of electricity and gasoline. Shops Continue Reading
Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just the shale resources in the huge Vaca Muerta play. “There Continue Reading
From his palace in Caracas, President Nicolás Maduro projects an image of strength and his grip on power appears secure. Residents have a regular supply of electricity and gasoline. Shops Continue Reading
Venezuela’s state-owned oil firm PDVSA is moving to market its crude oil overseas by enlisting its joint venture partners, including U.S. supermajor Chevron, to sell cargoes to buyers in Asia Continue Reading
A recent tussle between Maduro loyalists and the U.S.-backed opposition for control of Venezuela’s National Assembly descended into a melee of competing claims that left neither side with clear authority over Continue Reading
Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and Continue Reading
Foreign and domestic auto makers, habituated to growth in a market where their biggest challenge was building factories quickly enough to meet demand, are hurting. General Motors Co. posted its biggest-ever China sales drop last Continue Reading
The U.S. Treasury Department dropped its designation of China as a currency manipulator just two days before negotiators from Beijing and Washington are set to sign the first phase of the trade deal between Continue Reading
Australia’s remarkable prosperity rests on a balancing act. It mines coal, natural gas and iron ore from a vulnerable landscape. It takes ever more money from China while allied with Continue Reading
US officials are working behind the scenes to get Chinese independent refiners to stop importing roughly 200,000 b/d of crude oil and condensate from Iran, in violation of US sanctions, Continue Reading
China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to Continue Reading
China’s export growth slowed to a three-year low last year as the effects of trade tensions with the US and a slowing global economy took their toll. Exports grew 0.5 per Continue Reading
China’s crude oil imports grew by 9.5% in 2019 to 10.16 million b/d, despite a month-on-month decline of 3.8% in December, preliminary data released on Tuesday by the General Administration Continue Reading
Are we on the brink of war? It seems the answer could be yes as the United States and Iran trade attacks and counterattacks in the wake of the U.S. Continue Reading
Since taking flight in 2008, the American shale oil revolution has probably been the biggest energy story since the end of World War II. U.S. crude oil production has leaped Continue Reading
EQT, the largest US natural gas producer, plans to write down the value of its assets by as much as $1.Sbn as prices for the fuel slide to the lowest levels Continue Reading
After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government. WTI prices surged Continue Reading
Both houses of the New Jersey Legislature (Senate and Assembly) have passed a bill that establishes goals and incentives for increased use of plug-in electric vehicles in NJ. The Governor Continue Reading
In December 2019, American oil major Chevron announced a major write-down of some $11 billion in the value of its assets, including its gas holdings in the Appalachia region, a Continue Reading
An image made with an infrared camera shows an emissions leak at DCP Pegasus gas processing plant in West Texas, one of the thousands of installations in the vast Permian Continue Reading
More than 400,000 jobs could be lost in Germany over the next decade as its auto industry shifts towards electric vehicles, according to a government-sanctioned report that underlines the wrenching Continue Reading
Low tides have left canals in Venice almost dry, just two months after severe flooding left much of the Italian city under water. Boats have been seen almost beached as water Continue Reading
When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s Continue Reading
One of the most active companies on the Norwegian Continental Shelf, Lundin Petroleum, said on Monday that it had revised downwards its resource estimate for a recent discovery in the Continue Reading
The second-largest city in the UK, Birmingham, unveiled on Monday a plan to reduce air pollution and carbon emissions by limiting access of private cars to the city center. Under Continue Reading
The 55 Bcm/year Nord Stream 2 gas pipeline from Russia to Germany may only begin operations in the first quarter of 2021, Russian President Vladimir Putin said at the weekend, Continue Reading
Crude oil futures was stable during mid-morning trade in Asia Monday as market participants anticipated, as per media reports, that the US and China will sign phase 1 of the Continue Reading
World stock markets ticked higher on Monday, hovering just below record levels ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see Continue Reading
Energy Forecast for 2020 Overall, I expect that oil and other commodity prices will remain low in 2020. These low oil prices will adversely affect oil production and several other Continue Reading
Oil prices have had a tumultuous week since the US launched a drone attack in Baghdad, killing Iranian General Qassem Soleimani . With tensions peaking after the US and Iran Continue Reading
OPEC not only continued to cut its crude oil production in December 2019, but it also managed to reach its deeper-cut target for Q1 2020 a month earlier than planned, Continue Reading
A diplomatic crisis between Iraq and the U.S. is raising uncertainty and concern among Iraqi security officials responsible for beating back an ongoing insurgency being prosecuted by the self-proclaimed Islamic Continue Reading
Arash Khamooshi for The New York Times A top Iranian military commander made a rare public appeal for forgiveness on Sunday as security forces fired on protesters and outrage over Continue Reading
