Can Europe’s Largest Economy Survive Without Coal?
One of the greatest moral dilemmas that has been creeping into the everyday activities of specialists working with coal, oil and in some cases even gas (despite its being perceived Continue Reading
Gloomy services outlook pushes down German business morale
German business morale deteriorated unexpectedly in January as the outlook for services darkened, a survey showed on Monday, suggesting that Europe’s largest economy got off to a slow start in Continue Reading
Brent logs worst weekly loss in a year as China virus fears swell
Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, Continue Reading
China Virus Fears Send Oil Prices Even Lower
Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set Continue Reading
Oil Bears Are Back As Demand Fears Go Viral
Pessimism has returned to oil markets, with Brent testing the $60-per-barrel threshold. Friday, January 24th, 2020 WTI fell below $55 per barrel in early trading on Friday, and Brent was Continue Reading
Predicting The Bounce In Crude Oil
To riff on an old joke about comedy, the secret to success in trading is ………….. timing. It is sometimes hard for people to grasp, but what you buy or Continue Reading
Why $40 Oil Is A Real Possibility
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to finish the week sharply lower as well as natural gas futures which pierced the psychological Continue Reading
How Low Will The Coronavirus Send Oil Prices?
A number of developments this week, including Haftar’s actions in Libya, would normally have moved oil markets significantly, but in today’s market, it is only those that are to do Continue Reading
Speculators Are Dragging Down Natural Gas
1. China and India drive oil demand – The story of oil demand growth is really a story about Chin and India. Together, they account for more than half of Continue Reading
Non-OPEC Production Growth is Struggling
A Post by Ovi at peakoilbarrel. Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Continue Reading
Nuclear Fusion At 100: The Hidden Race For Energy Supremacy
It’s hardly a secret that nuclear fusion has had a rough time when it comes to its image in the media: the miracle power source that is always ‘just ten Continue Reading
Big Business Says It Will Tackle Climate Change, but Not How or When
Business titans who for decades brushed off warnings about climate change arrived at the annual World Economic Forum this week ready to show their newfound enthusiasm for the cause. Having Continue Reading
Climate Change—and Ideas for Tackling It—Dominated Davos
The annual meeting of the World Economic Forum in Davos showed climate change has become a top issue for many businesses and governments, but also demonstrated a yawning gap between Continue Reading
Dethroning King Coal – How a Once Dominant Fuel Source is Falling Rapidly from Favour
Electricity fuelled by coal is experiencing a record decline. 2019 is expected to show the biggest fall yet, after decades of increases. An accelerated move away from coal is imperative Continue Reading
State of the Climate: How the World Warmed in 2019
All of the official climate data for 2019 is now in. In this article, Carbon Brief explains why last year proved to be so remarkable across the planet’s oceans, atmosphere, Continue Reading
Davos elite want to plant 1 trillion trees to help the planet, but many still fight a carbon tax
Leaders of the world’s most powerful companies sent one clear message this week as they gathered in this ski chalet town for the World Economic Forum: They care about the Continue Reading
US Extends Clampdown on Iran
The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Continue Reading
U.S. says 34 troops diagnosed with traumatic brain injury after Iran strike
The Pentagon said on Friday that 34 service members had been diagnosed with traumatic brain injury following missile strikes by Iran on a base in Iraq earlier this month, a Continue Reading
OPEC Mulls Extending Oil Production Cuts Through End-2020
OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS on Friday. Talks are at Continue Reading
Sanalla: Libya’s oil output to hit the lowest level since 2011
Chairman of the National Oil Corporation (NOC) Mustafa Sanallah [Photo: Archive] Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade Continue Reading
Why Did Haftar Turn Libya’s Oil Off?
Libya: Haftar Shifts Strategy from Oil ‘Protector’ Shutting off Libya’s oil was always General Khalifa Haftar’s trump card to play when the time was right. That time is now, with Continue Reading
Nigeria Records 2,181 Vandalised Pipeline Points in One Year
The Nigerian National Petroleum Corporation, NNPC, said that the country recorded 2,181 vandalised pipeline points within one year period between October 2018 and October 2019. Investigation shows that this development Continue Reading
Brazil to discuss OPEC collaboration with Saudi Arabia in July: ministry
Highlights Energy minister to travel to G-20 event in Saudi Arabia Brazil to hold bilateral talks with Saudi Arabia on sidelines Current regulatory regime prohibits caps on oil, gas output Continue Reading
China heads into Lunar New Year on shutdown as virus spreads to Europe
A new coronavirus that has killed 26 people in China was confirmed in Europe for the first time on Friday as it spreads despite Chinese attempts to quarantine the city Continue Reading
E.P.A. Is Letting Cities Dump More Raw Sewage Into Rivers for Years to Come
The Environmental Protection Agency has made it easier for cities to keep dumping raw sewage into rivers by letting them delay or otherwise change federally imposed fixes to their sewer Continue Reading
Unprecedented Chinese quarantine could backfire, experts say
China’s quarantine of more than 35 million people, almost certainly the largest in modern public-health history, is surprising and troubling experts who said such drastic restrictions rarely work and often backfire. Continue Reading
China Is Key To Global Fight Against Climate Change
China, the world’s largest greenhouse gas emission emitter, will be the key to the global action to fight carbon emissions and climate change, leading environmental economist Lord Nicholas Stern said Continue Reading
Mnuchin Questions Need for Carbon Tax
U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant. “If you want to put a tax Continue Reading
The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares
Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged. Following the sharp re-drop in oil and natural gas prices in late 2018, bankruptcy filings Continue Reading
Mississippi Fights With Army Corps Over Flood Control
The state of Mississippi, concerned a bad flood season this spring will hurt its coast and economy, is pressing the U.S. Army Corps of Engineers to change how it handles Continue Reading
US Oil Rig Count Inches Higher As Production Hits 13 Million Bpd
After a brutal week for oil prices courtesy of an outbreak of a deadly virus in China, Baker Hughes reported that the number of oil and gas rigs in the Continue Reading
Why Angry Alberta Landowners Want To Cut Off Power To Oil Drilling Sites
An Alberta association of landowners who have oil and gas sites on their properties has called on its members to cut off power to drilling sites of companies that have Continue Reading
Analysis: New Mexico’s portion of the Permian shows staying power
Producers in the New Mexico portion of the Permian Basin have shown resiliency amid depressed commodity prices and falling rig counts. Production out of the Permian’s Delaware sub-basin in New Continue Reading
US coal sector struggling to find a place in an ESG world
In a finance world increasingly committing to investing with environmental, social and governance factors as a priority, the coal sector is finding it difficult to find its place. Over the Continue Reading
‘Rule of capture’ applies to fracked wells: Pennsylvania Supreme Court
The Supreme Court of Pennsylvania said oil and natural gas coming from shale wells drilled and hydraulically fractured are protected by the common “rule of capture,” but left open the Continue Reading
Refinery news roundup: Unplanned outages at key US Midwest refineries support stronger gasoline, diesel prices
Unplanned outages at several large Midwest refineries are supporting higher diesel and gasoline prices, market sources said. Group 3 suboctane gasoline was assessed at prompt NYMEX RBOB minus 1.15 cent/gal Continue Reading
Latest US sanctions unlikely to end Iran-China crude flows: analysts
New US sanctions aimed at shutting down illicit petroleum and petrochemical trade between Iran and China will not substantially impact China’s status as the top importer of Iranian crude, with Continue Reading
Oil Industry Climate Suits Have Poor Track Record
Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials Continue Reading
Increased New Well Productivity Helped US Shale Growth In 2019
Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration (EIA) said on Friday. Last year, shale Continue Reading
Ukraine sees role in EU gas market for its surplus storage capacity: Naftogaz
The surplus gas storage capacity in Ukraine could be used in the future by players in central and eastern Europe to help with the region’s gas supply security, while at Continue Reading
Spanish sets capacity record on PV, wind surge
Spanish installed capacity stood at 110.1 GW as of end-2019, up 6% year on year following additions of 4 GW of solar PV and 2.3 GW of wind capacity, new Continue Reading
Bernard Looney, a polished oilman at BP
Bernard Looney, the incoming chief executive of BP, has spent the past few months letting critics tell him how terrible his company is. Concerned that the energy major had become too Continue Reading
Oil Prices Head Lower Despite Small Crude Draw
Crude oil prices were stubbornly down following the Energy Information Administration reported a modest crude oil inventory draw of 400,000 barrels for the week to January 17. This compared with Continue Reading
Oil falls 2% as specter of China virus threatens fuel demand
Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by Continue Reading
Doomsday Clock nears apocalypse over climate and nuclear fears
The symbolic Doomsday Clock, which indicates how close our planet is to complete annihilation, is now only 100 seconds away from midnight. The Bulletin of the Atomic Scientists (BAS) said Continue Reading
The End Of A Dark Decade For Energy Commodities
Beaten-down commodity markets may be tempting investors to start adding the asset class to their portfolios as they seek to diversify even as the epic stock market bull run continues Continue Reading
Business must make 2020 the year of the energy shift
Governments and politicians may not have agreed on a way forward at the recent COP25 climate talks in Madrid, but it doesn’t mean business leaders can afford to stop and Continue Reading
Ignore the Fake Climate Debate
Beyond the headlines and social media, where Greta Thunberg, Donald Trump and the online armies of climate “alarmists” and “deniers” do battle, there is a real climate debate bubbling along Continue Reading
Saudi Arabia Hints At Further Oil Production Cuts
All options are on the table for the next summit of the OPEC+ coalition in March, including further cuts in oil production, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, Continue Reading
Promising signs for Yemen’s oil industry, but civil war rages
Nearly five years into a devastating civil war that has spiraled into a humanitarian crisis, Yemen continues to pump a trickle of oil. Receive daily email alerts, subscriber notes & Continue Reading