China Takes The Lead In This Emerging Energy Frontier
Several weeks ago, we have looked into a very recent Russian initiative to increase their presence in the southern part of the Gulf of Guinea, encompassing a new product pipeline Continue Reading
Japan, U.S. evacuate citizens from China as virus spreads
The United States and Japan flew citizens out of the Chinese city at the epicenter of a new virus outbreak on Wednesday, as the death toll rose sharply to 132 Continue Reading
Kazakhstan suspends transport links with China over virus
Kazakhstan is suspending all forms of passenger travel to and from neighboring China, the Central Asian nation’s government said on Wednesday as an outbreak of a new coronavirus continued to Continue Reading
Airlines suspend some flights to China over coronavirus
Major airlines have suspended some flights to China after the coronavirus outbreak began in the central Chinese city of Wuhan. The virus has now killed more than 130 people in Continue Reading
Executives Try to Assess Financial Impact of Coronavirus Measures
Finance executives at international companies are taking measures to protect their employees and their customers against the coronavirus, but say it is too early to tell what the financial implications Continue Reading
Coronavirus Live Updates: U.S. Evacuates Citizens from Hot Zone, and Death Toll Mounts
Virus shows signs of spreading overseas with people who never visited China falling ill in Germany, Japan, Taiwan and Vietnam. Here’s what you need to know: Americans evacuated from China Continue Reading
Can the coronavirus be contained? Unknowns complicate response.
China has ordered an unprecedented quarantine of more than 50 million people . It has closed schools and shut down live animal markets. Airports across the globe are screening passengers 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
Clean Energy Fuels delivered 143M gallons of Redeem renewable natural gas in 2019, up 30% year-on-year
Clean Energy Fuels Corp delivered 143 million gallons of Redeem Renewable Natural Gas (RNG) last year as robust sales of the carbon-neutral transportation fuel continued in 2019, closing out the year with Continue Reading
2020 Hyundai IONIQ Electric offers 37% more driving range, starts at $33,045
The redesigned 2020 Hyundai IONIQ Electric delivers 170 miles of range (an increase of 37% from the previous 124-mile range), technology and advanced standard safety features at a starting price Continue Reading
U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion. While Continue Reading
Debt-laden energy companies are taking whatever cash they can get
Range Resources rushed to refinance its debt at the start of this year, taking advantage of a rally in oil prices and renewed investor demand for junk-rated energy bonds. Despite the Continue Reading
U.S. Utilities Rush To Procure Energy Storage Capacity
A growing number of U.S. utilities plan to add energy storage to their resource plans this decade, as declining renewable energy costs and investor and public pressure to curb emissions Continue Reading
Hess Raises 2020 Capex To $3B To Develop Bakken, Guyana
U.S. oil producer Hess Corporation said on Tuesday it expects to allocate US$3 billion for production, development, and exploration in 2020, focusing on high-return investments in the Bakken shale play Continue Reading
Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050
Widespread adoption of plug-in electric vehicles (PEVs) in California could confer significant economic benefits by both 2030 and 2050, resulting in increases to Gross State Product (GSP), employment, real household Continue Reading
After a Decade of Fracking, Billions of Dollars Lost and a Climate in Crisis
As 2020 begins, the impacts of climate change have become increasingly clear around the world. The new year started amid devastating wildfires, tied to the worst droughts Australia has experienced Continue Reading
U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects
The national debt and sustained federal budget deficits will hit the highest levels since World War II over the next decade, the Congressional Budget Office projected on Tuesday, following multiple Continue Reading
Does Exxon Know Something About Biofuel That Its Peers Don’t?
Oilprice has been reporting on the long, drawn-out death of the dream of algal biofuel for years . A field once crowded with startups and hyperbolic promises of industry disruption Continue Reading
Florida 100% renewables bill likely to struggle, even as Duke adds solar
Duke spending $1 billion on solar through 2022 Sets aggressive ‘mid-century max-out’ target As Duke Energy Florida adds solar generation capacity, legislation that would require all of Florida’s power to Continue Reading
Trudeau’s Trans Mountain Oil Pipeline Loses Support
The expansion would almost triple to 890,000 barrels a day the shipping capacity on the line. (Bloomberg) — Canadian Prime Minister Justin Trudeau is losing support for a plan to Continue Reading
The Trump administration is forcing these workers out West. Now they want to unionize.
Employees at the headquarters of the federal government’s main land-management agency are trying to unionize in response to a controversial reorganization plan to relocate hundreds of staffers thousands of miles Continue Reading
Russia to go it alone on construction of Nord Stream 2 pipeline
Russia has said it will complete construction of the controversial Nord Stream 2 gas pipeline under the Baltic Sea without the help of foreign companies, marking a victory for the Continue Reading
Will Davos save the world, or put it out of its misery?
When this hot planet finally begins to evict us en masse, the global elites might seek refuge up here in the Alps, in the highest town in Europe — if Continue Reading
French union calls on ports to suspend operations Wednesday
The French federation of port and dock workers, part of the CGT labor union, has called ports to suspend operations on Wednesday as protests against the government’s pension reform continue. Continue Reading
German 2019 onshore wind additions fall to lowest level since 2000
German onshore wind additions amounted to 1,078 MW last year, their lowest level since 2000, German wind association BWE said Tuesday. Taking into account the 155 MW of repowered projects Continue Reading
World may have hit peak car output, says auto-parts supplier Bosch
Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year Continue Reading
Audi networks with traffic lights in Düsseldorf; “Green wave”
Audi is moving ahead with networked traffic lights in Düsseldorf. After Ingolstadt, the city on the Rhine is the second in Europe in which Audi is introducing its Traffic Light Continue Reading
Coronavirus Sends Panic Through Oil Markets
Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of casualties in China continues to Continue Reading
Oil rout extends to sixth day as China virus death toll rises
Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by Continue Reading
Oil prices log lowest finish in over 3 months as coronavirus stokes fears of weak demand
Oil prices fell for a fifth session in a row on Monday, settling at their lowest in more than three months, as the growing death toll and spread of China’s Continue Reading
Oil Extends Plunge On Coronavirus Fears
Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand. At 08:25 a.m. Continue Reading
Commodity prices continue to fall as coronavirus spreads
The coronavirus outbreak in China continued to push commodity markets lower Monday as the number of cases has risen and spread across the globe, sparking concerns of lower demand growth. Continue Reading
2019’s Rocky Oil Prices Made The World’s Biggest Traders Billions
2019 may have been fraught with volatile oil prices , but the world’s largest oil traders made a killing last year, Bloomberg reported on Monday. “By all accounts, 2019 was Continue Reading
BP CEO: days of oil at $100 per barrel have gone
There will be a reduction in use of oil over time, it will be displaced by natural gas or other things to generate power, BP group chief executive Bob Dudley Continue Reading
BP head believes oil prices are unlikely to return to $100 per barrel
Global oil demand will gradually decline, giving way to gas and other energy sources, BP chief executive Robert Dudley told TASS on the sidelines of the World Economic Forum in Continue Reading
5 Reasons Why Big Oil Is Here To Stay
The investment case for oil companies has been under attack recently. Climate change activists know that the dividends paid by the largest of these companies are among the most lucrative Continue Reading
OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown
As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing Continue Reading
Iran’s Leadership Works to Heal Rifts Opened Amid Protests, U.S. Pressure
After another flare-up of public protests, the Iranian establishment is working to mend internal rifts that have broken into the open as it faces greater pressure than at any point Continue Reading
U.S. Deals Major Blow To Iranian Investors
Washington’s move to ban Iranians from U.S. trade and investment visas has generated plenty of headlines, but the move is largely meaningless and should not be considered an intensification of Continue Reading
Libya Oil Output Plummets To 280,000 Bpd
Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in Continue Reading
US, Russian Forces Face Off Near Syria’s Oilfields
U.S. troops blocked on Sunday a Russian military convoy from accessing oilfields in Syria’s northeast, in the fourth such skirmish in eight days, Turkish news outlet Daily Sabah reported . Continue Reading
Iraqi Oil Field Resumes Production As Protests Subside
The Al Ahdab oil field in Iraq has resumed oil production after a week’s suspension that followed protests from security guards at the field, Bloomberg reports . Production has resumed Continue Reading
Libya chaos to deepen if blockade continues: NOC’s Sanalla
Libya’s oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d “very soon” if the blockade led by the self-styled Libyan National Army Continue Reading
Motion for Iran to quit nuclear proliferation treaty enters parliament
A motion for Iran to quit the nuclear Non-Proliferation Treaty (NPT) was introduced in parliament on Tuesday, the assembly’s news site ICANA reported, in a move that appears to raise Continue Reading
Tata launches ‘ecosystem’ to kickstart Indian clean vehicles
India’s Tata Group is making its biggest push yet toward clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, Continue Reading
How Putin Outfoxed Trump in Venezuela
The Trump administration’s bid to replace Venezuela’s authoritarian leader Nicolás Maduro hit a roadblock after a meeting with Russian officials in Rome last year—and has never recovered. U.S. envoy Elliott Continue Reading
Brazil Decides Against Joining OPEC
Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, Bloomberg has reported, citing energy minister Bento Albuquerque. “The idea Continue Reading
PDVSA shuts its last two operating refineries in Venezuela: Amuay, Cardon
PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest refining complex in the country, Continue Reading
Equinor, Shell and Total vow to press on with projects in Vaca Muerta
Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan investment in Argentina’s biggest shale Continue Reading
ExxonMobil ups its Guyana resource estimate to more than 8 billion boe, makes 16th discovery
ExxonMobil raised the amount of its estimated recoverable reserves in Guyana Monday by more than 30% to more than 8 billion boe, even excluding the just-announced latest discovery. Urau-1 is Continue Reading