Oil lobby group defends credentials amid BP green review
Big Oil’s most powerful Washington lobby group is insisting it can still represent European energy majors, even as some of its most important members such as BP tilt to a Continue Reading
Market plunge over coronavirus fears underscores political risk to Trump – The Washington Post
As President Trump spent Monday sightseeing in India, the U.S. stock market plunged amid growing concerns about a deadly virus spreading quickly across continents — a split-screen that brought into Continue Reading
Supreme Court wades into battle over Atlantic Coast Pipeline
The U.S. Supreme Court is set to wade into a long-running battle between developers of a 605-mile (975-kilometer) natural gas pipeline and environmental groups who oppose the pipeline crossing the Continue Reading
Solar Power Just Miles from the Arctic Circle? In Icy Nordic Climes, It’s Become the Norm
For years after northern Finland’s largest printing plant blanketed its facility’s eight roofs with solar panels, the curious beat a path to the extraordinary spectacle. There were skeptics who doubted Continue Reading
European wind sets second weekly record in a row averaging 88 GW
European wind power generation averaged 88 GW last week, setting another new record and pushing hourly German power prices into negative territory over the weekend, data aggregated by WindEurope showed Continue Reading
Rosneft May Have Terminated Oil Supply Deal With China CEFC
Rosneft has allocated April deliveries of the ESPO crude blend to commodity trader Trafigura instead of to China’s CEFC, suggesting that Russia’s largest producer may have altered or even terminated Continue Reading
Crude oil futures dive as COVID-19 cases outside China climb
NYMEX and ICE Brent crude futures were substantially lower in mid-morning trade in Asia Monday, having recovered slightly from the more than 3% dive at the open, as the rise Continue Reading
World Economy Shudders as Coronavirus Threatens Global Supply Chains
The last time a coronavirus outbreak hit China in 2003, the global economy emerged relatively unscathed. Now, nearly two decades later, the growth-damping effects of a similar pathogen threaten to Continue Reading
Concern over coronavirus spread as cases jump in South Korea, Italy and Iran
International concern about the spread of coronavirus outside China grew on Sunday with sharp rises in infections in South Korea, Italy and Iran. The government in Seoul put the country Continue Reading
Will peak oil save Earth’s climate?
In spite of record increases in solar and wind energy development, human carbon emissions continue to rise because, over the last decade, fossil fuel use has grown ten-times faster than Continue Reading
Stocks Slide as Virus Cases Accelerate Outside of Asia
Global stocks fell as investors grappled with the potential economic fallout from mounting coronavirus infections in South Korea and other countries outside China. In South Korea, which reported its seventh Continue Reading
G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup
Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy Continue Reading
Iran announces low poll turnout, blames coronavirus ‘propaganda’
Iran on Sunday announced a 42% turnout in its parliamentary election, the lowest rate since the 1979 Islamic revolution, while its top leader said Tehran’s enemies played up the new Continue Reading
UAE’s Latest Natural Gas Discovery Is A Gamechanger
The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the region still amaze persistent explorers. Continue Reading
Likely next NOC chief versed in northern Iraq complexities
In mid January, a week after Bashir Murad was named as a deputy director general of the North Oil Company (NOC) with administrative authority to act as de facto director Continue Reading
Iraqi parliament to convene Wednesday for confidence vote for new cabinet: official
Iraq’s parliament is expected to convene on Wednesday to vote on granting confidence to the new cabinet of Prime Minister-designate Mohammad Allawi, first deputy speaker Hasan al-Kaabi said, the state-run Continue Reading
Aramco to spend $110 bil on Saudi Arabia’s largest unconventional gas field
Aramco plans to develop Jafurah, Saudi Arabia’s largest unconventional and non-associated gas field that contains an estimated 200 trillion cubic feet of raw gas and whose production can be used Continue Reading
Iran’s hardliners head for sweeping election victory
Early results show Iran’s hardliners are on track for a sweeping victory in the parliamentary election after many voters stayed away due to the absence of prominent reformist candidates and Continue Reading
South Korea’s Leader Raises Alert Level to Maximum
As a fifth death is announced, South Korea’s president authorizes bold measures. President Moon Jae-in on Sunday put South Korea on the highest possible alert in its fight against the Continue Reading
Don’t buy China’s story: The coronavirus may have leaked from a lab
At an emergency meeting in Beijing held last Friday, Chinese leader Xi Jinping spoke about the need to contain the coronavirus and set up a system to prevent similar epidemics Continue Reading
New Chinese study indicates novel coronavirus did not originate in Huanan seafood market
The Wuhan seafood market, which is at the center of the pneumonia outbreak, has been closed. A new study by Chinese researchers indicates the novel coronavirus may have begun human-to-human Continue Reading
China braces for inevitable big hit to economy from virus, says Xi
China will step up policy adjustments to help cushion the blow to the economy from a coronavirus outbreak that authorities are still trying to control, President Xi Jinping was quoted Continue Reading
Coronavirus Live Updates: Global Outbreak Raises Fears of Pandemic
In South Korea, death toll rises as new cases skyrocket to more than 800. South Korea on Monday reported 231 more cases of the virus that causes the disease Covid-19, Continue Reading
The Fires Are Out, but Australia’s Climate Disasters Aren’t Over
Standing in thick mud between burned trees and a concrete slab where his house had been, Peter Ruprecht admitted that he was not sure how or when to rebuild. He Continue Reading
China delays key political meetings as Xi warns of crisis; Wuhan backtracks on easing restrictions
China’s leaders postponed the biggest event on their political calendar, the National People’s Congress, as the country’s battle against the deadly coronavirus outbreak disrupts the ruling Communist Party’s agenda and Continue Reading
China’s regulator lowers domestic natural gas prices amid coronavirus outbreak
China’s state planner National Development and Reform Commission, or NDRC, will reduce domestic natural gas prices to help companies restart operations as it attempts to balance the impact of the Continue Reading
North Korea Isn’t Ready for Coronavirus Devastation
COVID-19 is putting Northeast Asia in the headlines. After its opaque and authoritarian response failed to contain the virus in Hubei province, China has virtually shut down the entire country. Continue Reading
Two Abundant Elements That Could Create A Superbattery
For decades, scientists have been on the prowl for advanced battery materials with features such as superior energy density or those that confer extra-long battery life leading to such futuristic Continue Reading
As Teck oil sands mine hopes for okay from Canada’s Trudeau, 20 other projects on hold
As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for Continue Reading
Central bankers will look at options for responding to coronavirus: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Sunday central bankers will look at options for responding to the fast-spreading coronavirus as needed. Mnuchin told reporters after a meeting of finance Continue Reading
US gas prices steady at $2.53 per gallon over past 2 weeks
The average U.S. price of regular-grade gasoline remained steady at $2.53 per gallon over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the Continue Reading
Falling Fuel Costs Buoy U.S. Consumers
Affordable energy prices are brightening Leonore Barfield’s winter. Gasoline has dropped about 50 cents a gallon from last year near her home in the 6,000-person town of Raton, N.M.—lowering the Continue Reading
Natural-Gas Exporters Struggle to Lock Up Buyers Despite ‘Freedom Gas’ Pitch
President Trump is planning to push American shale gas when he travels to India this week. So far, U.S. gas exports have proven to be a tough sell globally. U.S. Continue Reading
Two Innovations That Could Make CO2 Fuel A Reality
Carbon capture technology has been garnering more and more attention as one way to solve the world’s human-made emissions problem, but costs remain an obstacle. But another technology might help: Continue Reading
Big News For U.S. Solar As Job Growth Returns
After two underwhelming years of solar job contraction in the United States, the solar industry’s employment returned to growth in 2019, thanks to an expansion in U.S. solar installations. The Continue Reading
New USGS methodology identifies 23 mineral commodities the supply of which poses greatest risk to manufacturing
Researchers at the US Geological Survey (USGS) and its partners have developed a new methodology to identify which mineral commodities important to US manufacturing are at greatest risk to supply Continue Reading
One Side of a Nuclear Waste Fight: Trump. The Other: His Administration.
“I said, ‘See those railroad tracks?’” Mr. Heller, a Nevada Republican who lost his seat later that year, recalled in an interview. Nuclear waste to be carted to Yucca Mountain Continue Reading
Spain closes airports on Canary Islands due to sand storm
Spanish authorities said Sunday that they have closed airports on the Canary Islands because of a wind storm that is blinding the archipelago with sand and dust. Spain’s airport authorities Continue Reading
Europe Confronts Coronavirus as Italy Battles an Eruption of Cases
Europe confronted its first major outbreak of the coronavirus as an eruption of more than 150 cases in Italy prompted officials on Sunday to lock down at least 10 towns, Continue Reading
Oil retreats as coronavirus spread renews demand concerns
The oil complex settled lower Friday, snapping eight consecutive up days, amid a renewed focus on demand destruction concerns after the further spread of the coronavirus outside of China. ICE Continue Reading
Oil Rig Count Inches Higher In Coronavirus Plagued Markets
Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in Continue Reading
Oil Prices Fall As OPEC+ Refuses To Act
Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further. Market Movers Continue Reading
Oil falls over 2% on concerns over economic toll from virus
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak while leading producers appeared to be Continue Reading
Crude Prices Soar As Analysts Shift Gears And Now Worry About A Supply Shortage
The perpetual pendulum of crude traders worrying about the world swimming in oil on one end and worrying about supply shortages at the other swung decisively to the latter on Continue Reading
Oil Won’t Stage A Meaningful Rally Until This Happens
Crude oil futures are trading higher for the week, but Friday’s steep sell-off is threatening to erase all of those earlier gains. After reaching a one-month high on Thursday, prices Continue Reading
UBS cuts 2020 oil price forecast to $60/b over coronavirus impact
Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as the impact on Chinese oil Continue Reading
Have We Passed ‘Peak Growth’ For Tight Oil?
Has U.S. oil production growth hit the buffers? Supply has boomed over the last decade, disrupting the market, domestically and internationally. But weak commodity markets and corporate strategies are now Continue Reading
Non-OPEC Output Reaches New High
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to October 2019. Continue Reading
Warmest January Ever Puts 2020 on Track to Be One of Top 10 Hottest Years
It may only be February, but 2020 is already “virtually certain” to be among the 10 warmest years on record, and has nearly a 50 percent chance of being the Continue Reading
Two New Studies Add Fuel to the Debate Over Methane
Two new studies this week bring up new information on the sources of methane in the atmosphere. Credit: Spencer Platt/Getty Images Researchers this week released two debate-stoking new studies about Continue Reading