The oil-rich Middle East is boosting investments in renewable energy generation at home and abroad. Just a few years ago, this notion would have raised a few eyebrows. But these Continue Reading
Iraq’s crude production and exports are unaffected by the COVID-19 outbreak, which has spread to OPEC’s second-largest oil producer, the spokesperson for the oil ministry told state-run Iraqi News Agency Continue Reading
The implementation of new freshwater conservation surcharge at the Panama Canal on February 15 has doubled typical wait times for clean tankers at the Canal in recent weeks, and higher Continue Reading
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government. The global oil major Continue Reading
Armed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela, according to a local union leader and Continue Reading
Deepening economic damage from China’s coronavirus outbreak is forcing its leadership to confront an agonizing decision: when to ease quarantine restrictions that are strangling growth, even as they help contain Continue Reading
Jialun Deng Exhausted medical workers with faces lined from hours of wearing goggles and surgical masks. Women with shaved heads, a gesture of devotion. Retirees who donate their life savings Continue Reading
Three years ago, the villagers watched as the Sittaung River on Myanmar’s southeast coast crept closer to them, swollen by powerful tidal surges from the Gulf of Mottama that eroded Continue Reading
Chinese steel mills are expected to deepen steel output cuts in March and lower ex-works prices due to depressed end-user demand and mounting finished steel inventories, market sources said Thursday. Continue Reading
Panasonic Corp said it would exit solar cell production at Tesla Inc’s New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric Continue Reading
As the offshore oil industry’s federal regulator completed its overhaul of a major well-drilling safety rule in 2018, the agency’s director picked up the phone to a staff engineer to Continue Reading
As Chinese business shutdowns extended past the traditional Lunar New Year holiday into February, and workers stayed home from factories and ports, “it became pretty clear…that we were looking at Continue Reading
Slumping Asian oil demand amid the coronavirus outbreak has led to a sharp drop in Middle Eastern and Asian regional crude prices, while prices for rival U.S. WTI Midland grade Continue Reading
The crazy rate of production growth seen in US shale over the last five years is a thing of the past, Schlumberger CEO Olivier Le Peuch told Reuters on Tuesday Continue Reading
Summary of Weekly Petroleum Data for the week ending February 21, 2020 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending February 21, 2020, Continue Reading
A new study published in Nature may have ended a long scientific debate about the key source of rising methane levels in the atmosphere. It found that methane emissions from Continue Reading
As oil prices plummet, oil bankruptcies mount , and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces Continue Reading
If you take a drive through oil country in western North Dakota at night, you will see hundreds of places where natural gas is being flared (or burned) off. This Continue Reading
White House effort to roll back bedrock environmental law spurs strong opposition The White House heard an outpouring of opposition to its plans to roll back a landmark environmental law Continue Reading
The Trump administration has unexpectedly halted a project to protect the New York City region from flooding during dangerous storms like Hurricane Sandy — a decision that came six weeks Continue Reading
Hydrogen-linked stocks have raced to their strongest levels in more than a decade, as investors bet that efforts to cut emissions will make hydrogen a viable alternative to fossil fuels Continue Reading
BP will leave three U.S. energy trade associations, including the main refining lobby group, the American Fuel and Petrochemical Manufacturers (AFPM), due to differences over climate policies, the UK-based oil Continue Reading
Crude prices slid for a fourth day on Wednesday as Asia and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of Continue Reading
World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health Continue Reading
The United States told Americans on Tuesday to begin preparing for coronavirus to spread within the country as outbreaks in Iran, South Korea and Italy escalated and fears that the Continue Reading
Will China’s coronavirus outbreak send the world economy into a recession? As cases spread across Asia and in Europe, only some of the multiple indicators investors use to monitor recession Continue Reading
The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil market, and at this moment it remains unclear how large the destruction in Continue Reading
The coronavirus outbreak could hit global oil demand growth more than currently expected, the head of the International Energy Agency (IEA) said on Tuesday, adding that the agency could additionally Continue Reading
Global travel disruption worsened Tuesday in response to the widening coronavirus emergency, as South Korea neared 1,000 cases and Iran reported 16 deaths, though financial markets largely avoided a repeat Continue Reading
Oil prices are under downward pressure and have been immune to geopolitical risk due to a market awash with crude and the impact of the coronavirus on demand, the International Continue Reading
San Fiorano is one of the Italian towns on lockdown Major outbreaks of the new coronavirus have suddenly been detected in both Italy and Iran in the past few days. Continue Reading
The global spread of covid-19 seems to have exploded in recent days, with outbreaks revealed in Iran and Italy and a massive increase in cases in South Korea. Tedros Ghebreyesus, Continue Reading
Iraq shut schools and universities on Tuesday and told citizens to avoid mass gatherings, as it rushed to prevent the spread of the coronavirus from its neighbor Iran, hit by Continue Reading
The OPEC+ group should not be complacent about the impact of the coronavirus outbreak on oil demand, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told reporters on Tuesday, a Continue Reading
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Continue Reading
At the backdrop of the announcement of the Federal Government’s plans to rehabilitate the country’s refineries by the Minister of State, Petroleum Resources, Timipre Sylva, experts in the petroleum downstream Continue Reading
The US may have dealt Venezuela another blow by sanctioning Rosneft subsidiary Rosneft Trading last week, but as the company dealing the most oil from Venezuela is hamstrung, another Rosneft Continue Reading
Other global companies that need Chinese plastics, chemicals, steel and high-tech components also “face reduced production,” according to Kaho Yu of Verisk Maplecroft, a consulting firm. Yu said that is Continue Reading
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports , citing industry Continue Reading
The near-term outlook for the Asian jet fuel market is set to remain bleak as South Korean carriers join other Asian airlines in halting all flights to the country’s fourth-largest Continue Reading
China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which sees Continue Reading
KIST researchers developed cathode material of carbon-silicon complex by simply mixing and heating silicon mixed with oil with green ingredients corn and sweet potato starch. If batteries made of this Continue Reading
Altered Carbon A team of researchers at the Korea Institute of Science and Technology have announced a new carbon-silicon material that they say could more than double the driving range Continue Reading
President Donald Trump on Tuesday predicted the coronavirus is “going to go away” despite warnings from Democrats that his White House is asleep amid cresting fears in Washington that the Continue Reading
About 42 percent of the miles driven by ride-hailing vehicles like Uber and Lyft are done between rides. This portion, called “deadheading”, is behind the increased emissions and congestion caused Continue Reading
The comments were made in separate briefings to lawmakers and reporters on Tuesday, marking an escalation in tone and urgency. “Ultimately we expect we will see community spread in the Continue Reading
Wall Street’s three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as “a rapidly escalating epidemic,” a day Continue Reading
Tesla could start shipping off Model Y cars to its customers as soon as next month, Electrek reports , noting Tesla has started sending customers emails to confirm their availability Continue Reading
There’s a new trend in solar energy projects, and it seems to be the staunch belief that bigger is better. As the pressure mounts around the world to decarbonize the Continue Reading
Leigh Stearns thought she’d hit the jackpot when the Heising-Simons Foundation awarded her research team $6 million to study a collapsing glacier in Greenland. She had concerns about accepting private Continue Reading
