The US Energy Information Administration on Tuesday forecast global oil market demand fundamentals to tighten this year, largely due to the impacts of the coronavirus outbreak in China. “EIA expects Continue Reading
US crude oil exports will average 3.6 million b/d in 2020, a growth of 650,000 b/d from 2019 but 300,000 b/d lower than previously expected on slower production growth and Continue Reading
Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the Continue Reading
Federal lawmakers unveiled a new bill Tuesday in the latest attempt to tackle the plastic pollution crisis by shifting waste and recycling costs away from governments and on to companies. Continue Reading
By After keeping a climate study secret for nearly two years, South Carolina’s wildlife agency publicly released the report in the spring of 2013 amid criticism that it had bottled Continue Reading
Florida Rep. Chris Sprowls, a Republican, declared it so in September 2019 at a speech designating him the next speaker of the House: “We need to stop being afraid of Continue Reading
E.ON and Volkswagen have developed an electric vehicle fast-charging system they say is simple, inexpensive and “possible anywhere”. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
Rosneft’s hydrocarbons production reached 5.8 million barrels of oil equivalent per day in 2019, CEO Igor Sechin said Tuesday during a meeting with Russian President Vladimir Putin. Receive daily email Continue Reading
Usual shipping operations at the port of Rotterdam have been suspended because of bad weather, a spokesman for the port authority said Tuesday. Receive daily email alerts, subscriber notes & Continue Reading
The likely slowdown in China’s economy due to the coronavirus outbreak is likely to shave 0.1 to 0.2 percentage points off both euro zone and UK growth this year, credit Continue Reading
Hot on the heels of Storm Ciara in the U.K. will come Storm Dennis The North Atlantic is stuck on its maximum tempest setting, sparking one rapidly intensifying low pressure Continue Reading
Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about a lasting hit Continue Reading
Market fears and weak oil demand have prompted a continued oil price slide, with both the Brent crude and WTI crude benchmarks falling on Monday to lows not seen since Continue Reading
Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Continue Reading
With WTI sliding below $50 on Sunday evening, expect even more downside according to S&P Global Platts’ Claudia Carpenter, who writes that oil prices will probably drop to the “mid-$40s” Continue Reading
In a market environment in which the majority of day-to-day traders are retired, moved on, or fired within a decade or less, the reaction to events of a type that Continue Reading
For those still busy hedging on the spread of the coronavirus, a more sustainable threat to energy investments continues with the disappointingly dull impact of the much-lauded ‘Phase One’ trade Continue Reading
Fossil fuels are destroying our planet’s ability to sustain human life. The solution is obvious: We must stop investing in and producing them. Though the science around this is clear, Continue Reading
An iceberg about twice the size of the District of Columbia broke off Pine Island Glacier in West Antarctica sometime between Saturday and Sunday, satellite data shows, confirming yet another Continue Reading
The book “The Black Swan” was written by former Wall Street trader Nassim Nicholas Taleb to describe rare, outlier events that can’t be predicted beforehand, but that have potentially huge Continue Reading
The technical panel of the OPEC+ group recommended extending the oil production cuts agreed last December to the end of 2020, the current president of OPEC, Algeria’s oil minister, told Continue Reading
OPEC remains hostage to Russia’s reluctance, with plans still in limbo on instituting deeper production cuts to ward off the Wuhan coronavirus’ impact on oil prices. Receive daily email alerts, Continue Reading
At the onset of the Syrian uprising in 2011, Iran started lending its longtime ally, the Bashar al-Assad regime, through a credit line to help it survive the wave of Continue Reading
The United States is inclined to extend the waiver to Iraq to continue importing electricity and natural gas to Iran, which are vital to Iraq’s energy needs, three senior Iraqi Continue Reading
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid the continued blockade of oil ports that has led to the shutdown of several fields, Reuters Continue Reading
Amnesty says that Nigerian regulations lay down that a clean-up should start within 24 hours of an oil spill, but that three years on, the people of Bodo are still Continue Reading
The World Health Organization said on Monday the spread of coronavirus cases among people who have not been to China could be “the spark that becomes a bigger fire” and Continue Reading
Workers are stuck in their hometowns. Officials want detailed health plans before factories or offices can reopen. Assembly lines that make General Motors cars and Apple iPhones are standing silent. Continue Reading
China’s coronavirus outbreak may peak soon, a prominent Chinese expert said on Tuesday, as the death toll soared past 1,000 and worry grew about the true extent of economic disruption Continue Reading
Returning from a morning feeding his sheep, Jeff McCole, a 70-year-old farmer, paused to take in the bittersweet scene – a few droplets of rain falling onto the remains of Continue Reading
As deaths from the novel coronavirus topped 1,000 — nearly all of them in China — Beijing on Tuesday urged countries that have enacted travel restrictions aimed at curbing the Continue Reading
There’s been growing criticism of how authorities are handling the outbreak China has “removed” several senior officials over their handling of the coronavirus outbreak – as the death toll passed Continue Reading
Tesla’s Shanghai Gigafactory resumed operations on Monday after weeks of a government-mandated temporary shutdown due to the coronavirus outbreak in China, Japanese outlet The Asahi Shimbun reported today. Tesla restarted Continue Reading
The Canadian police on Monday began moving against protesters who had set up transportation blockades around the country in sympathy with an Indigenous group’s campaign to halt construction of a Continue Reading
The mildest winter on record is possible in many parts of the Lower 48 and Europe, and it’s directly connected to an Arctic weather pattern that has prevented bitter cold Continue Reading
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he’s putting the company’s money these days : Offshore drilling. That should Continue Reading
The fate of the latest oil sands mining project in Alberta may be decided by the estimates of carbon emission from the province’s oil and gas industry—and Alberta and the Continue Reading
US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high Continue Reading
The proposed drawdown would be in addition to about 260 million barrels of congressionally mandated sales through fiscal year 2027. (Bloomberg) — President Donald Trump has proposed selling 15 million Continue Reading
Job losses in oil and gas eased in January. The job losses in the U.S that have plagued the oil and gas industry for most of the latest downturn showed Continue Reading
U.S. companies are paying more for insurance, a reversal after years of flat or declining rates for property and liability policies. Insurers have raised prices aggressively in the past year Continue Reading
Global mining company, Anglo American, has engaged Williams Advanced Engineering (WAE) to develop its new Fuel Cell Electric Vehicle (FCEV): a 290-tonne electrically powered mining haul truck, which is set Continue Reading
After three years of sidelining climate change research and thinning its roster of scientists, the U.S. Department of Agriculture announced a new five-year scientific plan this week to help American Continue Reading
In the context of global liquefied natural gas (LNG) companies, Russia’s number two gas producer (after state-owned Gazprom), Novatek, has always been seen as being unusually reliable in terms of Continue Reading
Global light-duty plug-in electric vehicle sales dropped 3% in December but full-year data showed a year-on-year increase of 9%, according to the latest research from S&P Global Platts Analytics. Receive Continue Reading
European wind turbines generated a record 109 GW Sunday afternoon as a powerful storm moved across Northwestern Europe, WindEurope data showed Monday. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil hovered around $50 a barrel in New York on signs a much-touted emergency meeting of OPEC+ ministers probably won’t happen after all. (Bloomberg) — Oil hovered around $50 a Continue Reading
Crude oil futures fell in midmorning trade in Asia Monday as growing concerns about the coronavirus outbreak continued to cloud global oil demand outlook. At 9:30 am Singapore time (0130 Continue Reading
The impact of China’s coronavirus outbreak on LNG market is expected to worsen in the coming weeks as economic activity in key manufacturing hubs struggles to rebound, keeping a lid Continue Reading
Crude oil futures were steady in afternoon Asia trade Monday after the equities market firmed, but analysts pointed out that global indices were still sensitive to headlines on the coronavirus Continue Reading
