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 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
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
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
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
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
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 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
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
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
