IF A Hollywood producer ordered up these images, they might be dismissed as too dramatic: orange skies; ash-filled rain; fire tornadoes; flames jumping as high as 230 feet; people huddling for shelter on the beach. Continue Reading
Almost 2,000 houses have been destroyed in Australia’s months-long bushfire crisis, officials say, as crews prepare frantically for worsening conditions. After ferocious conditions last week, firefighters are using milder weather to Continue Reading
Japanese refiners are stepping up their efforts to diversify their crude oil supply sources amid escalating tensions in the Middle East and the refiners may have to tap petroleum reserves Continue Reading
Chinese state-run company Cosco Shipping Energy Transportation’s recent order of an LNG-fueled VLCC is a significant development in the wider adoption of natural gas as a marine fuel, even though Continue Reading
China has made huge strides in cleaning up its rivers and lakes over the past 15 years, suggesting clampdowns on pollution are working. While major rivers such as the Yangtze Continue Reading
Protesters have blocked coal trains headed for one of New England’s last remaining coal-fired plants five times in the span of a month, including this protest in early December 2019 Continue Reading
Ford Motor Co. U.S. sales were off 3.2% in 2019, reflecting a broader cooling of demand in the U.S. auto market after a record period of elevated results. The No. 2 Continue Reading
The Trump administration on Monday took its first step toward tighter pollution controls on trucks, an anomalous move for a government known for weakening environmental policies but one that would Continue Reading
Xcel offered the first voluntary decarbonization plan by any large investor-owned utility, but it includes converting coal plants to run on natural gas and buying another natural gas plant that Continue Reading
Not counting the decade’s largest acquisition deal, the $57-billion Occidental takeover of Anadarko, 2019 saw only $39 billion in oil and gas deals. But if the $11 billion deals in Continue Reading
Alta Mesa Resources, Inc., the Houston-based energy company that filed bankruptcy in September 2019 , has received a $310 million bid for its assets from joint venture BCE-Mach III LLC. Continue Reading
The industry’s advance beyond the rig count indicating production growth has complicated things for forecasters. Every Friday, the Baker Hughes oil and natural gas rig count gets released. This is Continue Reading
Euro zone inflation accelerated as expected in December, an estimate from the EU statistics office Eurostat showed on Tuesday, while retail sales turned out stronger than predicted in a sign Continue Reading
Rising oil and natural gas production and an easing of the UK’s political crisis are giving rise to optimism in the North Sea. But concerns loom over an expected longer-term Continue Reading
Oil futures continued to rally Monday morning in Asia, with the March ICE Brent contract climbing above $70/b as geopolitical tensions between the US and Iran escalated. Now At 10:08 Continue Reading
Oil prices surged and stock markets in Asia and Europe fell on Monday, as the impact of the American killing of a powerful Iranian general on Friday ricocheted around the Continue Reading
Oil prices surpassed $70 a barrel on Monday for the first time in more than three months as the US warned of increased threats to energy facilities in the Middle Continue Reading
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after Continue Reading
It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind Continue Reading
Piracy in some of the world’s most critical oil chokepoints is on the rise–but now, pirates are resorting back to another method of income generation better suited to times of Continue Reading
Hundreds of thousands of Iranians thronged Tehran’s streets on Monday for the funeral of military commander Qassem Soleimani, killed by a U.S. drone strike last week, and his daughter said Continue Reading
Iran’s announcement on Sunday that it would abandon limitations on enriching uranium could be the first step towards the end of a 2015 nuclear deal with six major powers, German Continue Reading
U.S. President Donald Trump on Sunday stood by his threat to go after Iranian cultural sites, warning of a “major retaliation” if Iran strikes back for the killing of one Continue Reading
Shipping companies, including owners and operators of tankers and LNG carriers, are on high alert following escalated tensions in the Middle East, with risks of freight rates rising sharply, higher Continue Reading
Iraq’s parliament called on Sunday for U.S. and other foreign troops to leave as a backlash grows against the U.S. killing of a top Iranian general, and President Donald Trump Continue Reading
The cost of insuring against a potential debt default by Saudi Arabia has soared by a sixth since the killing by a U.S. drone on Friday of Iranian commander Qassem Continue Reading
Saudi Aramco ( 2222.SE ) shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public Continue Reading
Turkish President Recep Tayyip Erdogan has said troops have begun moving into Libya after parliament approved the move last week. He said their mission was to ensure stability for the UN-backed Government Continue Reading
Saudi Arabia’s non-oil private sector expanded in December at the slowest rate since July, weighed down by slower output and new orders, a survey showed on Sunday. The seasonally adjusted Continue Reading
At least 30 people were killed and 33 others wounded in an attack on a military academy in the Libyan capital late on Saturday, the health ministry of the Tripoli-based Continue Reading
The U.S. military said that an attack on a shared military base by Somalia’s al Qaeda-affiliated al-Shabaab on Sunday killed three Americans, highlighting the threat the Islamist group still poses Continue Reading
South Africa’s struggling state power firm Eskom said on Sunday that it would extend electricity cuts until 5 a.m. local time (0300 GMT) on Monday. Eskom said late on Saturday Continue Reading
Venezuela’s socialist government installed a new head of Congress on Sunday after armed troops blocked opposition legislators from entering parliament, in a move condemned by dozens of nations as an Continue Reading
China’s steel purchasing managers’ index, or PMI, fell by 2.3 basis points from November to 43.1 in December due to weaker steel market conditions, according to data from index compiler Continue Reading
Singapore-based Middle East crude oil traders said they were not ruling out the possibility of Iraqi Basrah crude supply being impacted as a result of political or logistical hurdles, following Continue Reading
Home sales are slowing in wildfire-prone areas of California as insurers retreat from high-risk regions, say real-estate agents and homeowners. Insurance companies have continued to reduce their wildfire exposure in the Continue Reading
Trying to wrest energy from the sea is not a new trend. The science of tidal energy has been around since the 1900s, a new algal biofuel “breakthrough” is announced Continue Reading
Democratic presidential hopeful and former US vice president Joe Biden told unemployed miners, particularly those in the coal sector, to learn to code so that they can access the jobs Continue Reading
As a progressive-minded city nestled where the Cascade mountains reach the sea, Bellingham, Wash., has long been looking to scale back its contribution to climate change. In recent years, city Continue Reading
U.S. drilling activity continued to contract in the fourth quarter, and the sense of gloom among shale drillers in Texas remains palpable. The latest data from the Dallas Federal Reserve Continue Reading
Concern about global oil demand and OPEC+ production cuts are now part of the oil price landscape and few expect any surprises coming from these directions. There is, however, a Continue Reading
Declarations of a climate emergency are the latest fad among world governments. Everyone wants to be in the cool crowd of those ready to save the planet with their own Continue Reading
Russia has halted oil supplies to Belarus amid a disagreement over tariffs, according to officials at a Belarusian oil refinery in the northern city of Navapolatsak. The officials told RFE/RL Continue Reading
Activity in Germany’s services sector grew at the strongest pace in four months in December, a survey showed on Monday, bringing a strong end to an otherwise weak quarter for Continue Reading
Euro zone business activity remained close to stagnation at the end of last year, a survey showed on Monday, as an upturn in services activity only partially offset a continued Continue Reading
According to the ministry, there are huge hydrocarbon reserves hidden under the shallow seas in the area. Only the license area of Khastakh-more in the Laptev Sea might hold about Continue Reading
Crude oil futures remained elevated through the morning trading in Europe on Friday, with the market factoring in heightened geopolitical tension following a US airstrike in Iraq which killed a Continue Reading
Crude oil prices jumped higher today after the Energy Information Administration reported a crude oil inventory decline for the last week of 2019. The draw totaled an impressive 11.5 million Continue Reading
Oil prices spiked immediately after the U.S. killed Iranian General Qassem Soleimani on Thursday. Soleimani, as head of the Quds force of the Revolutionary Guard, was a very powerful Iranian Continue Reading
Members of the Iranian revolutionary guard at a parade in Tehran, September 2011 Tensions between Iran and the United States are at their highest point in years. The 2015 Iran Continue Reading
