Iran will refuse to negotiate with the U.S. as long as Washington maintains its campaign of “maximum pressure”—even if President Trump is re-elected, Iranian President Hassan Rouhani said Sunday. Mr. Continue Reading
The UAE’s nuclear regulatory authority granted the license needed to start the country’s first nuclear plant, paving the way for the Gulf state to be the first in the region Continue Reading
Crude oil production from the neutral zone where Saudi Arabia and Kuwait share output equally will reach 550,000 b/d by the end of the year after a pumping trial from Continue Reading
So many factories in China — including the ones that make iPhones and GM cars — have shut down due to the coronavirus outbreak that global demand for oil has Continue Reading
Toyota Motor Corp ( 7203.T ) said on Saturday it plans to resume output at three of its four main auto plants in China next week. The resumption of production Continue Reading
Automakers including Daimler, Ford and Tesla are looking to resume production in China after being forced to shut factories following the outbreak of a new coronavirus. Below are details on Continue Reading
Xi began fighting the virus earlier than previously known, a newly published speech indicates. China’s Communist Party leader, Xi Jinping, issued internal orders about the coronavirus epidemic in early January, Continue Reading
After a Jekyll and Hyde year in 2019, and a decade characterised by China’s disruption of the met coal trade, participants can be forgiven for being sick of change. But Continue Reading
The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting Continue Reading
One of the most haunting images to come out of Wuhan, the Chinese city at the center of the coronavirus outbreak, is of a distressed woman in an upper floor Continue Reading
Activities in Wuhan are being further restricted China has tightened restrictions on movement in Hubei province as it continues to battle the coronavirus. Sixty-million people have been told to stay Continue Reading
President Trump delivers remarks at the “White House Business Session with our Nation’s Governors” in the State Dining Room at the White House on Feb 10. (Jabin Botsford/The Washington Post) Continue Reading
Authorities scrambled on Monday to track hundreds of cruise ship passengers scattered across the world after an American woman who had been on board tested positive for coronavirus, highlighting the Continue Reading
The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Monday by Continue Reading
Chinese shares have recouped their post-Lunar New Year losses, suggesting growing confidence the coronavirus will only deal a temporary blow to growth and overall corporate earnings. Markets in the U.S. Continue Reading
Five European and Asian container ship operators told the Journal they are preparing profit warnings for the first half or the full year. Newsletter Sign-up Asking not to be named, Continue Reading
China is to begin importing live chickens from the US as feed shortages due to the coronavirus force poultry farms in the world’s second-biggest economy to start culling millions of Continue Reading
Airbus is slowly restarting its assembly line in China. General Motors began limited production on Saturday. Toyota followed on Monday morning. Fitfully and painfully — and with some worried prodding Continue Reading
As the coronavirus continues to take a toll on oil markets, competition is heating up for crude oil suppliers—all of which are vying for a piece of the dwindling oil Continue Reading
More than a third of Chinese steel mills are considering cutting steel production due to rising inventories, a shortage of raw materials and weak downstream demand caused by the coronavirus, Continue Reading
In the Alpine town of Arbedo-Castione, Switzerland, an electric-blue, 400-foot-high crane with six heads lifts a block of compacted soil into the air and carefully adds it to the top Continue Reading
A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local Continue Reading
European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak. Automobile stocks .SXAP, Continue Reading
Britain has been battered by severe weather for the second consecutive weekend, prompting an official warning on Sunday that lives were at risk as streets became flooded, mud flowed, rail Continue Reading
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on Friday as investors continue to increase bets that OPEC and its allies will come through with Continue Reading
It seems that oil markets have decided that the coronavirus worst-case scenario that sent prices below the $50 mark is increasingly unlikely, with WTI now moving back up towards $52. Continue Reading
Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China’s economy due to the Covid-19, moments ago Goldman has doubled down on its Continue Reading
If a geothermal well could tap into a reservoir of supercritical fluids and use them to spin a turbine on the surface, it would be one of the most energy-dense Continue Reading
While Americans continue to enjoy the convenience provided by the just-in-time inventory supply-chain Leech and Spend Suburban Economy, the rate we are consuming the high-quality conventional oil reserves should scare Continue Reading
Fijian soldiers may become guards of strategic assets in the United Arab Emirates under a memorandum of understanding the two countries are to sign after current negotiations conclude, Fijian media Continue Reading
In its latest information bulletin on the oil blockade of ports and pipelines released yesterday, Libya’s state National Oil Corporation (NOC) confirmed a drop in production to the current level Continue Reading
A cargo of 950,000 barrels of crude that had been stranded at sea for about a year has finally docked at the port of Jose in Venezuela, Bloomberg reports, adding Continue Reading
Venezuela’s state-owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. Receive daily email alerts, subscriber Continue Reading
Questions about the coronavirus are coming thick and fast—but not answers. Today China reported a startling leap in cases, adding over 14,000—a third of the existing number—to the total in Continue Reading
The Chinese capital Beijing on Friday imposed a 14-day self-quarantine on people returning to the city from holidays to prevent the spread of the new coronavirus and threatened to punish Continue Reading
The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the Continue Reading
The International Monetary Fund hopes governments and central banks will work on a response to the coronavirus outbreak once the economic impact becomes clear, IMF Managing Director Kristalina Georgieva said Continue Reading
Fiat Chrysler Automobiles NV said it is temporarily halting production at a car factory in Serbia because it can’t get parts from China, a sign of how the coronavirus outbreak Continue Reading
This was the week that Chinese industry and commerce was supposed to stir back to life after an extended new year holiday triggered by the rapid spread from Wuhan of Continue Reading
More than 63,000 people in China have been infected with the coronavirus Beijing has ordered everyone returning to the city to go into quarantine for 14 days or risk punishment Continue Reading
The spot market for Middle East crude cargoes loading in April was virtually non-existent this week, as demand continues to be depressed due to the coronavirus outbreak while buyers are Continue Reading
The coronavirus outbreak may have taken a temporary hit on some traditional industries in China, but a number of emerging industries are providing “novel remedies” for the country’s economic growth. Continue Reading
More than 2,600 new cases of a coronavirus have been confirmed in China with deaths up by 143, health officials said on Saturday, as the United States urged its citizens Continue Reading
China will help companies resume production as soon as possible, the vice governor of the central bank said on Saturday. The world’s second-biggest economy has been hit by a fast-spreading Continue Reading
Another 67 people have tested positive for the coronavirus on the Diamond Princess cruise ship in Japan, Health Minister Katsunobu Kato said on Saturday. The United States said earlier on Continue Reading
The U.S. says it will evacuate Americans from the cruise ship quarantined off Japan. The United States will evacuate Americans from the cruise ship that has been quarantined for more Continue Reading
Cured novel coronavirus pneumonia patients cheer for themselves in a hospital in Wuhan, central China’s Hubei Province, Feb. 6, 2020. A total of 23 novel coronavirus pneumonia patients were cured Continue Reading
The biggest British petroleum producer just set one of the most ambitious climate goals of any major multinational oil-and-gas company. Now the pressure is on its American counterparts to do Continue Reading
A federal judge finally confirmed the Chapter 11 bankruptcy plan of Philadelphia Energy Solutions (PES) on Thursday. The plan includes the sale of PES’s 1,300-acre refinery complex to a real Continue Reading
Last April, the head of the Environmental Protection Agency, Andrew Wheeler, proclaimed at an auto show here that he would soon roll back President Barack Obama’s stringent fuel efficiency standards. Continue Reading
