China Petroleum & Chemical Corporation, or Sinopec—the largest oil refiner in Asia—is cutting its refinery production by 600,000 bpd in February, due to decreased fuel demand amid the raging coronavirus Continue Reading
Toyota Motor Corporation and Panasonic Corporation have decided to establish Prime Planet Energy & Solutions, Inc., a joint venture specializing in advanced automotive batteries, including prismatic Li-ion, solid-state and next-generation Continue Reading
Hyundai Motor ( 005380.KS ) said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside Continue Reading
Supplies and doctors are flowing into the epicenter of the coronavirus outbreak to help overwhelmed hospitals. WSJ’s Chao Deng spoke to people who were turned away from a hospital in Continue Reading
Along the roads leading into the small eastern city of Shouguang, workers in hazmat suits stop cars and take passengers’ temperatures. The fever checks are mandatory at offices, too. Whole Continue Reading
The BBC’s online health editor on what we know about the virus China’s top leadership has admitted “shortcomings and deficiencies” in the country’s response to the deadly coronavirus outbreak. The Continue Reading
A Slippery Slope Over the past several weeks, I’ve included clips on the efforts of House Minority Leader Kevin McCarthy (R-CA) to bring House Republicans in from the cold on Continue Reading
When Ford Motor Co. Executive Chairman Bill Ford Jr. called the president last spring, he was hoping to defuse what was looking like a lengthy legal battle over the nation’s Continue Reading
Researchers at MIT and their colleagues are proposing a new design for electrodes that, based on the long-sought goal of using pure lithium metal as the anode, could lead to Continue Reading
The cold weather has simply not arrived. After the lowest summer U.S. natural gas prices since 1998, the market has continued to fall this winter 2019-2020. The cold weather has Continue Reading
While massive world-scale LNG projects around the coast of North America have dominated headlines, smaller-scale regional LNG is also growing quickly. While massive world-scale liquefied natural gas (LNG) projects around Continue Reading
Young climate activists outside the White House in September. (Jahi Chikwendiu/The Washington Post) Bruce Westerman, a Republican congressman from Arkansas, has a plan to help save the planet — one Continue Reading
Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappointing quarter. Exxon reported a drop in profits on Friday for the fourth quarter, weighed down by a deterioration Continue Reading
Democrats are mounting an end-run around the Trump administration’s plans to open public lands to oil drilling and other development– by going straight to the purse strings. A dozen-and-a-half senators Continue Reading
Europe could import some 100 million tons of liquefied natural gas this year as many cargoes turned down by Asian buyers head for the continent, Reuters has reported , citing Continue Reading
Russia’s production of crude oil and condensate inched up to 11.28 million barrels per day (bpd) in January, up from 11.26 million bpd in December and the highest production level Continue Reading
Russian gas supplies to Europe plunged in January, S&P Global Platts Analytics data showed Monday, with exports via Ukraine down 71% on the month despite the new gas transit agreement Continue Reading
Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the Continue Reading
BP said it planned to divest $15 billion of assets by mid-2021, having previously targeted $10 billion in asset sales by the end of 2020. The company has already unloaded Continue Reading
Far East Russian crude oil is likely to bear the brunt of China’s economic slowdown aggravated by the coronavirus outbreak, with both state-run and private Chinese refiners poised to cut Continue Reading
Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak Continue Reading
The earnings season is here again with nearly a quarter of S&P 500 companies having returned their Q4 and full FY 2019 scorecards–and it doesn’t make for pretty reading, especially Continue Reading
World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears Continue Reading
OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil demand, two Continue Reading
OPEC + will hold a technical meeting on Tuesday and Wednesday to discuss the impact of the deadly coronavirus on oil demand, OPEC sources told S&P Global Platts on Sunday, Continue Reading
Since the end of the 1990s Egypt has dreamt of becoming an East Mediterranean gas and energy hub. The discoveries offshore in the Nile Delta at the end of the Continue Reading
Populist Iraqi cleric Moqtada al-Sadr urged his followers on Sunday to help security forces clear roads blocked during months of sit-in protests, calling for a return to normal life after Continue Reading
Saudi Arabia produced 9.744 million b/d of crude oil in January, in line with its promise to keep output 400,000 b/d below its new OPEC+ quota, a Saudi oil ministry Continue Reading
Iraq’s crude exports, excluding the semi-autonomous northern Kurdish region, fell 3.5% in January from the month before, according to government data. Separately, the country’s president named a new prime minister Continue Reading
Aside from becoming the number one petrochemicals powerhouse in the Middle East within the next three years, Iran’s priorities in the current U.S. sanctions environment is to increase its production Continue Reading
Turkey deployed F-16 fighter jets against government forces in northwestern Syria on Monday, a sharp escalation of the conflict there after six Turkish soldiers were killed by artillery strikes. President Continue Reading
A diplomatic balancing act has grown more challenging and risky in the month since Soleimani’s assassination. Kurdistan Democratic Party (KDP) leader Massud Barzani (r), meets with Iranian Recent hostilities between Continue Reading
A decision by the United States to lift sanctions on one of two units of the Chinese tanker company COSCO was not a sign that the Trump administration was letting Continue Reading
New Prime Minister Mohammed Tawfiq Allawi appealed to downtrodden Iraqis for their support on Saturday hours after his appointment by President Barham Salih, but protesters were already rejecting the head Continue Reading
A mysterious illness had stricken seven patients at a hospital, and a doctor tried to warn his medical school classmates. “Quarantined in the emergency department,” the doctor, Li Wenliang, wrote Continue Reading
The Philippines and New Zealand have joined the list of countries that have sharply restricted entry to people traveling from or through China, as the number of cases confirmed outside Continue Reading
Chinatopix, via Associated Press The Wuhan coronavirus spreading from China is now likely to become a pandemic that circles the globe, according to many of the world’s leading infectious disease Continue Reading
Beijing on Monday accused the United States of spreading fear over a coronavirus outbreak by pulling nationals out and restricting travel instead of offering significant aid. The United States was Continue Reading
The economic and diplomatic costs of China’s coronavirus epidemic mounted on Monday with investors knocking $400 billion off the value of stocks and the government accusing the United States of Continue Reading
Far from the coronavirus epicentre, the eastern Chinese city of Wenzhou, a major commercial hub with a population of about 3.5 million, is scrambling to contain its own local outbreak. Continue Reading
Some technology firms in China have maintained operations to manufacture parts and products despite government calls in various cities and provinces for companies to halt work to help stop the Continue Reading
China’s top electric vehicle battery maker CATL ( 300750.SZ ) said on Monday it has signed a battery supply agreement with Tesla ( TSLA.O ). Tesla will determine the battery Continue Reading
Toyota Motor Corp ( 7203.T ) and Panasonic Corp ( 6752.T ) have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, Continue Reading
China’s isolation amid the coronavirus outbreak, a rare freeze out for such a vital economic center, is rippling across the world. Uncertainty over the virus—which has infected more than 14,500 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
The coronavirus outbreak in China is already impacting demand for fuel as airlines are canceling thousands of flights to China and Chinese authorities are discouraging travel by air or road Continue Reading
Just in case a global viral pandemic, whose sources are still unclear and apparently now include human feces , wasn’t enough, the global outrage meter is about to go “up Continue Reading
Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports . These reports cover North American oil and gas producers, oilfield services and midstream bankruptcies from the beginning Continue Reading
Building on its $2-million investment for an ongoing feasibility study with Northwest Advanced Bio-Fuels ( NWABF ), Delta has entered into one of the largest airline offtake agreements of its Continue Reading
Oil-industry base camp at Galbraith Lake, in the North Slope Borough of Alaska. An updated assessment estimates 3.6 billion bbl of oil and 8.9 tcf of natural gas are technically Continue Reading
