Global stocks tumble over China epidemic worries
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the Continue Reading
Policymakers fret over risk to global growth from China virus outbreak
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. Continue Reading
TomTom: Global traffic congestion up; Bengaluru world’s most traffic-congested city
Location technology specialist, TomTom (TOM2), released the latest results of the TomTom Traffic Index , a report detailing the traffic situation in 416 cities in 57 countries. Overall, traffic congestion Continue Reading
Socialism, Capitalism and the Transition Away from Fossil Fuels
Students are back at school, and preparing for another wave of Friday strikes in protest at politicians’ failure to tackle global warming. Shocking images of floods in Indonesia, wildfires in Continue Reading
Saudi Air Defenses Thwarted Attack on Aramco
Saudi Arabia’s air defense forces last week shot down missiles aimed at Saudi Aramco oil facilities, kingdom officials said Wednesday, after Iran-aligned Houthis in Yemen said they had targeted the Continue Reading
The Real Reason Russia Wants A Ceasefire In Libya
The destabilization of Libya after the ousting of longtime dictator Muammar Khadaffi has created an unstable country where states support a proxy in the continuing civil war. The recent focus Continue Reading
US Sanctions Bar Iran From Accessing $5B Energy Export Revenue
Due to the U.S. sanctions on Iran, Tehran is unable to use or transfer US$5 billion in revenues it has received from Iraq for supplying natural gas and electricity to Continue Reading
Mediterranean sweet crude market pressure grows as Libyan blockade enters second week
As the Libyan National Army’s blockade of the country’s oil ports enters a second week, the urgency with which European oil traders are seeking alternatives to fill the 1 million Continue Reading
Crude Oil Tanker Catches Fire in Persian Gulf
A crude oil supertanker caught fire in the Persian Gulf, west of the Strait of Hormuz, prompting a warning from naval authorities in the U.K. for ships in the region Continue Reading
Australia’s capital city faces worst bush fire threat since 2003, as scorching heat plots a return
The country was never as hot and as dry at the same time as it was in 2019, which helped set the stage for the devastating fires. In December, Australia Continue Reading
China set to slash crude throughput, imports as coronavirus dents consumption
Refiners in China are poised to slash crude imports and throughput over the coming months, as the nation’s battle to contain the spread of coronavirus hits product consumption, with transportation, Continue Reading
China’s ailing auto sector to suffer further from coronavirus
China’s struggling auto sector is likely to take a further hit from the effects of the coronavirus outbreak given that Wuhan is the country’s major auto production hub. But overcapacity Continue Reading
New coronavirus looks set to cause a pandemic – how do we control it?
The new coronavirus may be about to go global. Speaking at a press conference earlier this week, Gabriel Leung at the University of Hong Kong said that without “substantial, draconian Continue Reading
Heatwave and high winds threaten to reignite Australian wildfires
Swathes of southeast Australia were bracing on Thursday for a days-long heatwave that threatens to stoke bushfires that have been burning for months. As firefighters and residents prepared for the Continue Reading
China virus toll rises to 170 as fear grows over global economic hit
Countries began isolating hundreds of citizens evacuated from the Chinese city of Wuhan on Thursday to stop the spread of an epidemic that has killed 170 people as worry about Continue Reading
U.S. economy growing moderately in fourth quarter; likely missed Trump’s 3% goal in 2019
The U.S. economy likely maintained a moderate pace of growth in the fourth quarter, and probably again fell short of attaining the Trump administration’s coveted but elusive 3% annual growth Continue Reading
To Understand the Wuhan Coronavirus, Look to the Epidemic Triangle
Five cases of the mysterious Wuhan coronavirus have been confirmed in the United States, giving rise to concerns about a potential global pandemic. We’ve seen this story before, as health Continue Reading
China offers force majeure shield for businesses affected by coronavirus outbreak
China is offering force majeure certificates to local companies, if they are unable to fulfill their international contractual obligations due to the coronavirus outbreak, the China Council for the Promotion Continue Reading
Indiana Bill Would Make it Harder to Close Coal Plants
The Michigan City Generating Station in Indiana, owned by the utility NIPSCO, is a coal-fired power plant that is set to close. A proposal in the state legislature would place Continue Reading
Is This The End Of Canada’s Oil Sands?
Another billion-dollar energy project is polarizing Canada once again, but this time, it’s got nothing to do with pipelines , or even LNG terminals . It’s the Frontier oil sands Continue Reading
GM To Spend $2.2 Billion On Electric Vehicle Production In Detroit
It isn’t often that Detroit gets a multi-million-dollar reprieve, but this is the auto revolution 2.0, and there is some hope yet for the Motor City, with General Motors unveiling Continue Reading
GM Claims To Have The Next Model T
General Motors has a grand, visionary concept vehicle up its sleeve that could replace Henry Ford launching the Model T — but where will it be legal to drive? Cruise, Continue Reading
US oil output growth to slow, but peak still over a decade away: EIA
Highlights EIA sees just 400,000 b/d in growth over a decade Alaska output forecast to nearly double Washington — The US shale oil boom will not burn out, but will Continue Reading
Low prices boost Midwest gas-fired generation, despite weather
Low priced natural gas is continuing to grab market share from coal in the Midwest power market this month, despite notably lower power load there, which has accompanied milder temperatures Continue Reading
EIA outlook sees renewables gaining faster, eyes lower cost case
Renewable energy is projected to crowd out coal-fired and nuclear generation and even overtake natural gas as the dominant fuel for power generation by 2045, under the main reference case Continue Reading
Marcellus LNG Project to Monetize Stranded Gas
Edge LNG’s truck-based model produces LNG and delivers it to market. Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from Continue Reading
Which Industries Will Be Hit Hardest By Europe’s Green Deal?
Heard of Europe’s Green Deal? No? That may not be surprising, as it was only announced last month. While it sounds like the latest fruit and veg special offer at Continue Reading
UK oil and gas industry eyes growing hydrogen, CCS role
The UK oil and gas industry can play a key role in the hydrogen and Carbon Capture, Usage and Storage sectors given its expertise in producing and transporting hydrocarbons, an Continue Reading
Greece wants floating fence to keep migrants out
Greece wants to install a floating barrier in the Aegean Sea to deter migrants arriving at its islands’ shores through Turkey, government officials said on Thursday. Greece served as gateway Continue Reading
Shell profits halve in ‘challenging’ economic conditions
Lower oil and gas prices, weaker refining and chemicals margins and “challenging” economic conditions almost halved Royal Dutch Shell’s fourth quarter profits and forced the energy major to slow the Continue Reading
Uniper sets out closure schedule for German hard coal units
Uniper will decommission German hard coal plants at Scholven, Wilhemshaven and Buer by end-2022, and at Staudinger and Heyden by end-2025 at the latest, the German company said in a Continue Reading
Oil rises as markets wait on virus impact, U.S. stocks fall
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts Continue Reading
Oil Prices Rise On Surprise Crude Draw
The American Petroleum Institute (API) estimated on Tuesday a surprise large crude oil inventory draw of 4.27 million barrels for the week ending January 24, compared to analyst expectations of Continue Reading
LNG Prices Fall To 10-Year Low
The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a Continue Reading
Dwindling Arctic Sea Ice May Affect Tropical Weather Patterns
The rapid decline of Arctic sea ice during the last couple of decades has spurred climate scientists to study how that meltdown influences the rest of the planet, and a Continue Reading
In peace bid, Trump proposes Palestinian state with capital in eastern Jerusalem
U.S. President Donald Trump on Tuesday proposed the creation of a Palestinian state with a capital in eastern Jerusalem, in an effort to achieve a peace breakthrough with Israel that Continue Reading
OPEC+ Halts Slide In Oil Prices
After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year. Chart of the Continue Reading
OPEC Wants To Extend Oil Production Cuts Until June
OPEC is inclined to extend the ongoing production cuts at least through June and could discuss deeper cuts if need be, OPEC sources told Reuters on Tuesday, as oil prices Continue Reading
ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is Continue Reading
Is Libya’s Oil Production Heading To Zero?
Libya is facing the risk of its oil production grinding to near full stop if a blockade of its export terminals and several fields continues, the chairman of the country’s Continue Reading
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured Continue Reading
Nigeria: 1.6 MBPD Modular Refineries Contribution Hits Dead End
There are indications that the Federal Governments’ plan to add additional 1.6 million of barrels per day, through new modular refinery may meet dead end, as lack of funds and Continue Reading
Oil-linked LNG deals add to India’s discomfort as gas prices plunge
India is stepping up pressure on Qatar to re-negotiate term LNG deals and move away from oil-linked contracts as gas prices hit multi-year lows, but any flexibility in the future Continue Reading
U.S. backs program to help Venezuelan migrants settle in Brazil
The U.S. Agency for International Development (USAID) and the U.N. International Organization for Migration (IOM) launched a program on Tuesday to help tens of thousands of Venezuelan migrants settle for Continue Reading
One year later, US sanctions on Venezuela’s PDVSA have had wide market impact
January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela’s state-run oil producer, PDVSA, which has been translated as a de facto ban Continue Reading
The Fight For Venezuela’s Oil Is Heating Up
As Venezuela continues its ungraceful careen off the cliff, few opportunities are left for the Latin American country to save itself from disaster. One such opportunity would be for the Continue Reading
Wuhan to provide over 10,000 hospital beds for viral pneumonia patients: official
Wuhan, at the center of a viral pneumonia outbreak, will soon have 10,000 hospital beds reserved for infected patients as Chinese authorities take all means necessary to boost the city’s Continue Reading
China vows to beat ‘devil’ virus as countries rush to evacuate citizens
President Xi Jinping said on Tuesday that China was sure of defeating a “devil” coronavirus that has killed 106 people, but international alarm was rising as the outbreak spread across Continue Reading
‘People are getting ill all around us’: the foreigners trapped in Wuhan
US citizens were preparing to escape from Wuhan on Tuesday night on the first evacuation flight to leave the centre of China’s coronavirus outbreak. But thousands of foreigners from other Continue Reading
Concern — and boredom — mount for those trapped at the epicenter of the coronavirus outbreak
Customers wear face masks inside a shopping mall in Wuhan, China, a city at the epicenter of the coronavirus outbreak, on Saturday, in this image taken from video. (Jovis and Continue Reading