China’s leaders expanded a mass roundup of people possibly sickened with the coronavirus on Thursday, widening their dragnet well beyond the epicenter of the outbreak to at least two more Continue Reading
The economic casualties from China’s coronavirus epidemic are mounting as Asian and European auto plants run short of parts, free-spending Chinese tourists stay home and American companies brace for unpredictable Continue Reading
China again reported a big jump in coronavirus cases on Friday after changing its methodology for diagnosing and counting infections, denting hopes that the deadly outbreak could be petering out. Continue Reading
Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of Continue Reading
A sharp drop in energy prices slowed U.S. consumer inflation at the start of this year. The consumer-price index—which measures changes in how much Americans are paying for everyday items Continue Reading
What do you do when the sea comes for your home, your school, your church? You could try to hold back the water. Or you could raise your house. Or you Continue Reading
The American Petroleum Institute warned the Trump administration that the U.S. oil industry would be hard pressed to produce all the oil China has committed to buy under the Phase Continue Reading
Marathon Oil has budgeted $2.4 billion for this year in what it called disciplined total capital budget, which was 11 percent lower than what the company spent last year, Marathon Continue Reading
The outlook for European jet fuel demand is worsening as fears arising from the coronavirus are beginning to affect business travel in the region. Receive daily email alerts, subscriber notes Continue Reading
A major Canadian rail company is shutting down trans-continental train services amid blockades protesting a pipeline in British Columbia. CN Rail says it will be forced to shut down its Continue Reading
China has a monopoly on one of the most strategic metals on the planet, and Washington is anxious to change that. Global dominance at this point in the game means Continue Reading
Exploration and production (E&P) companies are set to face one of the biggest challenges – if not the biggest challenge ever – to their business models. This challenge is a Continue Reading
February is the shortest month of the year but usually feels like the longest, and it’s made even more interminable by the fact that it’s the month when the president Continue Reading
House Republicans call their plan for tackling climate change “realistic.” Right-wing think tanks call it a “Green New Deal Lite.” House Minority Leader Kevin McCarthy (R-Calif.) and other top House Republicans find Continue Reading
Last month, when global elites gathered in Davos, Switzerland for the World Economic Forum, climate change took center stage . While it’s unclear whether attendees came away with any concrete Continue Reading
The story of Russia turning off the gas to punish Ukraine for some perceived indignity will be familiar to most Eurasianet readers. Somewhat less known is the story of Russia’s Continue Reading
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession just as Chancellor Angela Merkel’s Continue Reading
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy. Europe’s broad Euro STOXX 600 clawed up 0.1% to Continue Reading
According to renewable energy analysts Aurora, in order to fulfil the goal, 260 wind turbines will have to be installed a year, roughly one for every working day. The UK’s Continue Reading
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government Continue Reading
We are less than two months into the new decade and we’ve already seen multiple major oil market events. The first was the killing of Qasim Soleimani , the commander Continue Reading
The Paris-based International Energy Agency is working on a global roadmap to bring about rapid cuts to greenhouse gas emissions by 2030, for release this summer, its executive director Fatih Continue Reading
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has Continue Reading
Fossil fuel companies hold vast oil, gas and coal riches that they frequently tout to the investing universe to help elevate their market values. However, not a single energy company Continue Reading
The International Energy Agency Thursday slashed its oil demand forecast for 2020 by almost 500,000 b/d and said demand will contract for the first time in a decade during the Continue Reading
It’s been a rallying cry for activists and a key talking point for diplomats. For decades now, 2 degrees Celsius (3.6 degrees Fahrenheit) of global warming has been viewed as Continue Reading
OPEC slashed on Wednesday its global oil demand growth forecast for 2020, expecting the coronavirus outbreak to weigh heavily on fuel demand in the world’s oil demand growth driver, China. Continue Reading
The United Nations Security Council voted to extend sanctions on illicit oil exports from Libya ahead of a vote on a draft resolution seeking to help resolve the situation in Continue Reading
When senior officials at many Chinese oil and services companies working in Iraq departed in January, it was a routine rotation timed with the Chinese New Year holiday – until Continue Reading
Russia’s energy minister Alexander Novak held a series of meetings Wednesday, first with his new Kazakh counterpart and later with Russian oil producers, as the country moves towards a decision Continue Reading
Sources from Kuwait and Saudi Arabia last week let it be known that trial production of 10,000 barrels per day (bpd) would start at the Khafji field in the ‘Partitioned Continue Reading
As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya Continue Reading
The US has again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, a US State Department spokesman said Wednesday. “The US has granted Continue Reading
Oil field The Minister of State for Petroleum Resources, Timipre Slyva, said that about one billion barrels of crude oil have been discovered in the Northeastern part of Nigeria. Mr Continue Reading
If the spread of the new coronavirus isn’t halted, it could infect 60 per cent of the world’s population and kill 1 in 100 of those infected – around 50 Continue Reading
When the World Health Organization declared a global public-health emergency at the end of last month, it praised China’s “extraordinary” efforts to combat the coronavirus epidemic and urged other countries Continue Reading
An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a resolution in January, when the Continue Reading
The coronavirus outbreak is impacting the energy sector beyond the depressed oil demand in the world’s top oil importer and key oil demand growth driver, China. Due to factory shutdowns Continue Reading
The coronavirus outbreak is additionally depressing China’s already slowing gas demand growth to the point that analysts have revised down their estimates for Chinese gas demand growth this year and Continue Reading
South Korea is on course to register a second consecutive year of decline in oil product exports in 2020 as gasoline, jet fuel and diesel fuel sales bear the brunt Continue Reading
The Chinese province at the epicenter of the coronavirus outbreak reported a record rise in deaths and thousands of more cases on Thursday under a new diagnostic method, suggesting a Continue Reading
A new diagnostic method has led the Chinese province at the epicenter of a coronavirus outbreak to report a record rise in deaths and thousands of more cases on Thursday. Continue Reading
China ousted two top Communist Party officials in Hubei province, the center of the new coronavirus outbreak, hours after health officials there confirmed 14,840 new infections on Wednesday alone—an almost Continue Reading
The news seemed to be positive: The number of new coronavirus cases reported in China over the past week suggested that the outbreak might be slowing — that containment efforts Continue Reading
Communist Party ousts provincial leader at the center of the outbreak. China’s ruling Communist Party fired the leaders of the province and the city at the center of the new Continue Reading
China’s Communist Party removed senior officials in the virus-stricken province of Hubei, as the country’s leadership looks to tighten control over its epidemic response and assuage public outrage over authorities’ Continue Reading
The coronavirus has killed more than 1,300 people, brought a huge swath of central China to a standstill and rattled millions around the globe with hints of a pandemic seen Continue Reading
President Trump’s governing strategy is on a collision course with a novel foe. Can alternative facts stop a pandemic? Some of the nation’s leading public-health experts assembled before the Senate Continue Reading
Steel and raw materials markets have been particularly affected by the coronavirus, as two of the key demand sectors – construction and manufacturing – remain in limbo awaiting workers to Continue Reading
As major Northeast Asian refineries continue to slash their run rates and crude throughput levels in the wake of the coronavirus outbreak, various crude suppliers from West Africa, Far East Continue Reading
