Iran’s Supreme Leader Ayatollah Ali Khamenei attends a public gathering ahead of the 41st anniversary of the Islamic revolution, in Tehran, Iran February 5, 2020. U.S. President Donald Trump’s peace Continue Reading
The outbreak of coronavirus in China has caused uncertainty among concerned operators in the Nigerian economy as oil prices continue to slide downward below the nation’s budget benchmark. PREMIUM TIMES’ Continue Reading
The effects of coronavirus are impacting the Shanghai Stock Exchange Yifan Ding/Getty The economic shock waves of the Wuhan coronavirus look likely to eclipse the 2003 SARS crisis , as Continue Reading
The night of the Iowa Democratic caucus ended in chaos and without an announced winner. One thing that is clear: Climate change was a top priority among caucus-goers. More than one Continue Reading
Noriko Hayashi for The New York Times Just beyond the windows of Satsuki Kanno’s apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: a coal-burning power Continue Reading
Donald Trump’s top economic adviser has said that China’s purchases of $2oobn in US products under the “phase one” trade agreement could be delayed because of the coronavirus outbreak, even though Continue Reading
China’s leader, Xi Jinping, has signaled a more assertive strategy for dealing with the coronavirus epidemic after days of seeming to retreat from center stage. His convening of a second Continue Reading
Jialun Deng Wuhan’s mayor blamed higher-ups. A senior disease control official blamed layers of bureaucracy. A top government expert blamed the public: The people, he said, simply didn’t understand what Continue Reading
Commodity trading houses and oil majors are scrambling to find spot buyers for crude oil outside China, where demand is depressed because of the coronavirus outbreak and where some buyers Continue Reading
The coronavirus outbreak in China has forced several countries to resort to stringent quarantine checks in their battle to contain the spread and the measures are starting to have a Continue Reading
China’s Commerce Ministry said on Wednesday it will ask various industry associations in the country to help foreign firms affected by the virus outbreak get force majeure certificates. The ministry, Continue Reading
As deaths approach 500, no sign of a slowdown in China. The death toll from the monthlong coronavirus outbreak has continued to climb in China, rising to 490. New cases Continue Reading
China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining sources and analysts Continue Reading
It would be challenging for China to falsify 2020 GDP figures between 6% to 6.5% amid economic fallout from the coronavirus outbreak. The Communist Party of China had come to Continue Reading
When Hurricanes Katrina and Rita swept through Louisiana in 2005, cities like Houston, Dallas, and Baton Rouge took in hundreds of thousands of displaced residents—many of whom eventually stayed in Continue Reading
Travel restrictions related to the novel coronavirus from China could impact city and state economies across the United States, which have benefited from a huge jump in tourism from China Continue Reading
White House National Economic Council Director Larry Kudlow said Tuesday he expected the fallout from the deadly coronavirus to delay—but not derail—the economic boost the U.S. anticipated from the first Continue Reading
Executives at several carmakers and motor parts suppliers warned that plants in Europe and the US were only weeks away from being forced to close as disruptions caused by the Continue Reading
Apart from driving a clean transportation revolution over the next three decades, electric vehicles (EVs) could help the power grid’s storage needs as growing shares of renewable energy sources—predominantly solar Continue Reading
US Senator Bernie Sanders, a leading Democratic presidential candidate, has introduced legislation to phase in a nationwide ban on hydraulic fracturing and immediately block all federal permits on “fracked” oil Continue Reading
Indiana lawmakers advanced legislation designed to slow the pace of the state’s coal plant retirements. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Indiana House Continue Reading
“With respect to our ability to influence it, I think that’s still an open question,” Tillerson said. (Bloomberg) — Rex Tillerson, the former U.S. secretary of state under President Donald Continue Reading
In mid-January, Adam Waterous, who operates the private equity firm Waterous Energy Fund, made a prediction about the crown jewel of the U.S. shale oil industry, the Permian shale play Continue Reading
Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued Continue Reading
Plains All American Pipeline expects Permian oil production growth to shrink to 400,000 b/d by the end of 2020 as drillers focus on capital discipline, executives said Tuesday. US production Continue Reading
More than 645 MW of solar capacity in the Electric Reliability Council of Texas neared commercial operation in January, which will boost the state’s solar nameplate capacity by more than Continue Reading
Trillium has completed construction of the largest hydrogen transit refueling station in North America. The Santa Ana, California hydrogen station, which went live Friday, was jointly developed by Trillium, Air Continue Reading
THE DEMOCRATS’ takeover of Richmond promised to bring action on big problems Virginia Republicans had played down or ignored — such as climate change. Now, as the legislature approaches key Continue Reading
BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 percent this year, putting pressure on Opec producers and Russia to curb supplies to keep prices Continue Reading
BP is expecting the China-focused coronavirus outbreak to reduce global oil demand by up to 500,000 b/d in early 2020 but remains upbeat that improving economic sentiment will support the Continue Reading
Britain will ban the sale of new petrol and diesel cars from 2035 in an attempt to reduce air pollution, a step which accelerates a shift toward electric vehicles. Following Continue Reading
Russian gas supplies via Ukraine are expected to pick up in the coming weeks as state-controlled Gazprom finalizes renegotiations with its European customers over delivery points for Russian imports, an Continue Reading
Crude oil futures were marginally higher in mid-morning trade in Asia Tuesday, rebounding from the sharp decline overnight, although analysts highlighted that the near-term outlook remains bearish. At 10:35 am Continue Reading
Oil prices continued their downward slide on Monday, with Brent crude falling 4.19% by 4:20pm EDT, hitting lows not seen in 13 months as oil demand falters as the death Continue Reading
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies. Continue Reading
The world’s biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus. Representatives of oil producers’ cartel Opec and its allies are Continue Reading
Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel as the bank Continue Reading
Opec and its allies are preparing emergency cuts in oil production after the crude price entered a bear market, driven lower by the impact of the coronavirus outbreak on demand Continue Reading
LNG use driving demand, India likely underestimated Industrial use, not power generation to drive gas demand The world has entered a “golden age of gas” thanks to the growth of Continue Reading
Goldman Sachs says 2020 global growth will take a modest hit from the outbreak of coronavirus, assuming an aggressive response from authorities in China and elsewhere to bring the rate Continue Reading
Global manufacturing activity appeared to be steadying after a long slowdown, but is set to suffer a fresh setback due to China’s isolation in response to the coronavirus outbreak. January Continue Reading
Donald Trump was thinking about the teenage climate activist Greta Thunberg when he took aim at what he called the “prophets of doom” at Davos in January. But just as Continue Reading
OPEC and its key ally in the OPEC+ coalition, Russia, are set to convene an extraordinary meeting of a joint technical committee on Tuesday or Wednesday this week, to discuss Continue Reading
The Trump administration’s decision to lift sanctions on affiliates of China’s biggest shipping company may not be a sign the US “maximum pressure” campaign on Iran is weakening, but shows Continue Reading
Saudi Arabia and Russia are ready for “further coordination of actions” to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus Continue Reading
The U.N. envoy to Libya said on Tuesday there was a “genuine will to start negotiating” between rival military factions as they planned to meet for the first time for Continue Reading
Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Continue Reading
A new report suggests that the world’s newest oil exporter, Guyana, lost $55 billion from its deal with Exxon that would allow the oil major to develop its offshore oil Continue Reading
● China’s National Health Commission reported Monday that there are 17,228 confirmed cases in China, including 15 in Hong Kong and eight in Macao. The self-governing island of Taiwan reported Continue Reading
Japan has deployed a warship to critical oil shipping lanes in the Middle East, and has authorized use of force for those ships, Reuters reported on Sunday. The decision to authorize force Continue Reading
