Iran Faces Threat Of Full Global Sanctions
There is a lot more to last week’s decision by the U.K., France, and Germany to trigger the dispute resolution mechanism in the 2015 Joint Comprehensive Plan of Action (JCPOA) Continue Reading
Iraq Set To Award More Gas Exploration Contracts
As it struggles with its energy needs, Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the Continue Reading
U.S. imposes fresh Iran-related sanctions on two people, six companies
The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran’s state-owned National Iranian Oil Company (NIOC) Continue Reading
The Electricity Grid Of The Future Is Being Built Here
A Future Energy Summit in Abu Dhabi last week displayed the whole universe of systems and technologies that will be required for a post-carbon world. More than 100 providers of Continue Reading
Locusts: UN calls for international help in East Africa
In just one day, a swarm of locusts the size of Paris could eat the same amount of food as half the population of France The UN has called for Continue Reading
Brazil Breaks Oil Production Record
Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports , citing the country’s oil regulator, ANP. The daily average Continue Reading
Oil union in Argentina’s Vaca Muerta play calls off strike
Highlights Companies halt plans to fire workers Unions, producers to sit down for further talks Agreement comes as government seeks to improve investment conditions Buenos Aires — An oil union Continue Reading
China Expands Virus Lockdown, Encircling 20 Million
The authorities drastically expanded a travel lockdown in central China on Thursday, essentially penning in more than 22 million residents to contain a deadly virus that is overwhelming hospitals and Continue Reading
China To Ramp Up Shale Gas Production At Home
Despite the fact that United States President Donald Trump declared a truce between the U.S. and China in their more-than-a-year-long trade war in Switzerland this week, we shouldn’t expect to Continue Reading
China shuts transport, temples, Disneyland as virus toll rises to 25
China stepped up measures to contain a virus that has killed 25 people and infected more than 800, suspending public transport in 10 cities, shutting temples over the Lunar New Continue Reading
Why The Coronavirus Is A Real Threat To Oil Markets
It impairs your breathing, causes extreme fatigue and fevers. It kills. And beyond that, it’s keeping oil prices low by threatening to stifle oil demand in one of the world’s Continue Reading
Australia may seek to impose nationwide natural gas reservation policy
Australia’s federal government may seek a national gas reservation policy that could have ramifications for the country’s LNG exports at a time when it has become the largest LNG exporter Continue Reading
Analysis: Indonesia may increasingly favor US crude as Jakarta tightens belt
Jakarta slashes Pertamina’s crude import quota by 30 million barrels WTI trades at discount to light sweet Malaysian, Brunei grades Local refineries directed to use more domestic crude The Indonesian Continue Reading
China’s 2019 oil product exports jump 20% on year; 99% of export quotas utilized
China’s oil companies lifted exports of oil products — gasoline, gasoil and jet fuel — by 20.2% on the year to 55.36 million mt in 2019, having utilized 98.9% of Continue Reading
WHO says ‘bit too early’ to declare coronavirus a global emergency
The World Health Organization (WHO) said on Thursday it was “a bit too early” to declare a new coronavirus a global health emergency as China put millions of people on Continue Reading
EPA Releases New Clean-Water Rules Scaling Back Federal Oversight
The Environmental Protection Agency released new federal clean-water regulations Thursday that are less restrictive than those adopted under the Obama administration, eliminating many seasonal streams, small waterways and wetlands from Continue Reading
U.S. LNG Booms As Natural Gas Prices Crash
Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle Continue Reading
US crude stocks show counter-seasonal draw amid strong refinery demand
Highlights US crude stocks slip 400,000 barrels to 428.11 million barrels Refinery utilization at 90.5% of capacity, but crude inputs hold USGC product glut sparks interest in Jones Act vessel Continue Reading
Union Pacific Q4 coal volumes drop 25% on low natural gas prices, driving decline in quarterly shipments
Total UP volumes fall 20% on year Annual net income $5.9 billion, down 1% on year Houston — Union Pacific coal volumes dropped 25% in the fourth quarter year on Continue Reading
US data: EIA says ethanol production falls sharply, but stocks show large build
US ethanol production averaged 1.049 million b/d for the week ended January 17, a 46,000 b/d decrease compared with the previous week but still up 18,000 b/d year on year, Continue Reading
US Oil Industry Made History in December
API contends it’s a win for US consumers. U.S. crude oil production and exports reached historic highs in the final month of 2019, the American Petroleum Institute (API) reported Thursday. Continue Reading
EU’s ‘Green Deal’ guru detects hints of U.S. climate shift
There are signs U.S. President Donald Trump is starting to engage more seriously on climate change and listening to the concerns of corporations, the European Commission’s vice-president and head of Continue Reading
U.S. Shale Patch Sees Huge Jump In Bankruptcies
More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb this year. From 2015 through Continue Reading
U.S. Shale Must Get Ready For Energy Transition, Oil Banker Says
The heart of the U.S. oil industry, Houston, should be ready to position itself as a leader in the energy transition as climate change concerns will change the industry over Continue Reading
IBM Reveals “Staggering” New Battery Tech, Withholds Technical Details
IBM lifted the veil this week on a new battery for EVs, consumer devices, and electric grid storage that it says could be built from minerals and compounds found in Continue Reading
Oil industry in Davos: torn between Greta and Trump
Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets Continue Reading
The Hottest Energy Conflict Right Now
Belarus has just bought two cargoes of Johan Sverdrup , the recently commissioned Norwegian oilfield and is in talks with several oil-producing countries from the Soviet Union to ramp up Continue Reading
Exxon Prepares Sale Of UK, German Oil & Gas Assets
As part of its global program to sell assets, ExxonMobil is about to launch a process to sell its upstream oil and gas operations in the UK and Germany, Bloomberg Continue Reading
Equinor contracts for first green-ammonia-fueled supply vessel; 2MW SOFC
Norway-based energy company Equinor has contracted with Eidesvik Offshore for the Viking Energy supply vessel, which is being retrofitted to make it capable of covering long distances fueled by carbon-free Continue Reading
Oil falls as spectre of China virus looms over fuel demand
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the Continue Reading
Crude oil futures fall more than 1% on coronavirus-related demand concerns
Crude oil futures fell more than 1% in mid-morning trade in Asia Thursday as concerns of slower jet fuel demand emerged amid the recent rise in coronavirus-related cases and deaths Continue Reading
Oil Falls Further On Rising Crude, Product Inventories
The American Petroleum Institute (API) estimated on Wednesday a surprise crude oil inventory build of 1.57 million barrels for the week ending January 17, compared to analyst expectations of a Continue Reading
Climate Change Could Cause the Next Financial Meltdown
Climate change has already been blamed for deadly bush fires in Australia, dying coral reefs, rising sea levels and ever more cataclysmic storms. Could it also cause the next financial Continue Reading
Behind Closed Doors: Big Oil Talks Broader Emission Cuts
Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products Continue Reading
How To Solve Nuclear Energy’s Biggest Problem
Nuclear waste is a huge issue and it’s not going away any time soon–in fact, it’s not going away for millions of years. While most types of nuclear waste remain Continue Reading
Last decade most expensive for natural disasters: report
The last decade was the worst on record for economic losses from natural disasters, amounting to $3 trillion – over a trillion more than the previous decade, insurance broker Aon Continue Reading
Climate refugees cannot be sent back home, United Nations rules in landmark decision
Refugees fleeing the effects of the climate crisis cannot be forced to return home by their adoptive countries, a United Nations panel has ruled, in a landmark decision that could Continue Reading
Soleimani killing adds dangerous new dimension to Iraq unrest
Iranian-backed Shi’ite factions have exhorted Iraqis to turn out for a “million-strong” march on Friday aimed at whipping up anti-American sentiment as the United States’ struggle with Iran plays out Continue Reading
The 1.2 Million Bpd Outage That Oil Markets Are Completely Ignoring
General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000 barrels per day Continue Reading
Turkey’s Unauthorized Gas Drilling Could Have Serious Consequences
The European Union is eyeing long promised punitive measures against Turkey for its illegal military incursion into northern Syria, as well as its unauthorized natural gas drilling off Cyprus’ coast. Continue Reading
Iraqi production hits new annual high
Despite OPEC constraints, Iraq set an all-time record for production in 2019 while building significant, new spare capacity. Iraqi Drilling Company staff complete a rehabilitation of the Mansuriya-2 well in Continue Reading
The Most Successful Oil Economy That’s Moving Away From Oil
A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is Continue Reading
Venezuela, Cuba vow to reinforce oil ties
Venezuela’s government is promising to replenish oil supply to its close political ally Cuba as part of a broad push to relaunch its PetroCaribe regional oil supply initiative. Senior Venezuelan Continue Reading
Trump administration increases pressure on Maduro regime with new sanctions
In the latest move meant to back Venezuelan opposition leader Juan Guaido , the Trump administration on Tuesday sanctioned more than a dozen aircraft used to support the regime of Continue Reading
China, India Emissions Pledges May Not Be Reducing Potent Pollutants, Study Shows
The manufacturing of HCFC-22, a refrigerant used in air conditioners, releases a greenhouse gas byproduct. Reducing this gas would be one of the least expensive methods to address climate change. Continue Reading
China’s Huanggang locked down over virus; Ezhou stops trains
Huanggang on Thursday became the second Chinese city to go into lockdown over the coronavirus outbreak that has killed 17 people and infected more than 630. Health authorities in the Continue Reading
Chinese Stocks Dive, Weigh on Global Markets
Global stocks slumped Thursday as China grappled with a worsening viral outbreak, leading investors to reassess the potential economic fallout world-wide. Futures linked to the Dow Jones Industrial Average edged Continue Reading
Scale of China’s Wuhan Shutdown Is Believed to Be Without Precedent
In closing off Wuhan, a city of more than 11 million people, China is deploying a centuries-old public health tactic to prevent the spread of infectious disease — this time, Continue Reading
Analysis: China’s oil product demand under pressure in Q1 as Wuhan virus limits travel
Highlights Wuhan city suspends all public transportation services, shuts airport Q1 jet fuel demand growth may slow to 3% from 7%-8% average Hong Kong’s jet fuel imports fell 37% on Continue Reading
Factbox: Climate change plans of the leading U.S. Democratic candidates
The leading Democratic candidates all believe climate change is an existential threat to the planet and have vowed to bring U.S. greenhouse gas emissions down to net-zero by 2050. While Continue Reading