Can’t Afford An EV? You’re Paying For It Anyway
Proponents of the electric vehicle (EV) revolution have a lineup of arguments at the ready for drivers on the fence about whether to go electric, and they range from less Continue Reading
U.S. Gasoline Prices Jump On Outages At Major Oil Refineries
Gasoline prices in the United States have increased over the past week as a rise in crude oil prices combined with a fire and shutdowns at several major refineries, refinery Continue Reading
Eversource expects over 1,700 MW of US Northeast offshore wind power online in 2024
Eversource Energy executives told investors Thursday they expect to have 1,714 MW of offshore wind power capacity operational by the end of 2024 and they are confident about winning bids Continue Reading
USDA Ag Innovation Agenda targets biofuel blend rates of 15% in 2030, 30% in 2050
US Secretary of Agriculture Sonny Perdue announced the Agriculture Innovation Agenda, a department-wide initiative to align resources, programs, and research to position American agriculture to better meet future global demands. Continue Reading
Shell Sees LNG Market Returning To Balance By 2021
The supply growth of liquefied natural gas (LNG) on the global market is set to slow down later this year and in 2021 when the last of the new projects Continue Reading
Tesla gets court approval to clear forest for German Gigafactory
Tesla Inc got approval from a German court on Thursday to continue to cut down forest near the capital Berlin to build its first European car and battery factory, in Continue Reading
OIL FUTURES: Crude extends gains on supply shocks, easing coronavirus concerns
Crude oil futures edged higher in the Asian afternoon trade on Thursday, extending gains from the previous session as supply concerns emerged from OPEC producers Venezuela and Libya, while demand Continue Reading
Oil Posts Three-Week High on Supply Risks in Venezuela and Libya
Oil climbed to the highest level this month as investors weighed supply disruptions in Venezuela and Libya. Futures advanced 2.4% in New York on Wednesday. Venezuela’s ability to export crude is Continue Reading
Larger Than Expected Crude Build Threatens This Week’s Oil Rally
The American Petroleum Institute (API) estimated on Wednesday a larger than anticipated crude oil inventory build of 4.16-million barrels for the week ending February 14, compared to analyst expectations of Continue Reading
API data reveal a weekly rise in U.S. crude supplies, but gasoline and distillate stocks decline, sources say
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 4.2 million barrels for the week ended Feb. 14, according to sources. The API data, which were Continue Reading
Climate change could wipe out coral reefs by 2100: scientists
Climate change could wipe out coral reefs by 2100: scientists Climate change could destroy nearly all remaining coral reefs by the end of the century, according to research released Monday Continue Reading
OPEC+ formally scraps plans for earlier meeting, confirms March 5-6 date in Vienna
OPEC and its allies will meet in Vienna on March 5-6, officials confirmed Wednesday, formally abandoning plans to hold an earlier summit to confront the coronavirus’ impact on oil markets. Continue Reading
Oil exports into Iraqi Kurdistan give Syrian Kurds a financial lifeline
Thousands of barrels of oil per day are flowing from Syria into Iraq’s semiautonomous Kurdistan region, in an opaque trade that has served for several years as a financial lifeline Continue Reading
Inside Hifter’s Libya: A Police State With an Islamist Twist
The field marshal stares from billboards into the wreckage of the Libyan city of Benghazi. His uniform is festooned with epaulets and honors, even as the civil war he is Continue Reading
Indian Buyers Of Venezuela Oil Vow Compliance As US Sanctions Hit Rosneft
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure Continue Reading
Venezuela Prepares for PDVSA Shakeup to Stem Oil Output Slide
Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil Continue Reading
Brazil’s Oil Production Jumps 20% To New Record In January
Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt Continue Reading
Coronavirus poised to disrupt storage, solar sectors
Measures to control the spread of coronavirus in China could significantly affect the country’s storage and solar sectors, according to analysts — but the impact on the United States’ power Continue Reading
Foreign pilots at Chinese airlines return home on unpaid leave as demand plummets
Foreign pilots at some Chinese airlines have returned to their home countries and are considering other jobs after being placed on unpaid leave as demand falls because of the coronavirus, Continue Reading
Chinese Oil Refiners Deepen Run Cuts in Sign Worst Not Over
Chinese refineries are throttling back production even further to cope with weak demand and a lack of workers due to the coronavirus, and are now processing 25% less oil than Continue Reading
Virus Cuts China’s Carbon Emissions by 100 Million Metric Tons
One of the deadliest epidemics in decades has dented energy demand and industrial output in China, cutting carbon dioxide emissions by about 100 million metric tons—close to what Chile emits in a Continue Reading
Tesla’s choice of cheaper lithium batteries hits cobalt miners
Shares in Chinese cobalt miners dropped on Wednesday following news that Tesla had chosen to produce its Model 3 electric car in the country with lower cost batteries that do Continue Reading
Live updates: China strikes upbeat note on coronavirus as businesses reopen; Hong Kong reports second death
China on Wednesday reported that the rate of new cases continues to decline, but international experts, including Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, say Continue Reading
Chinese Refinery Run Rates Fall To 6-Year Low
Chinese oil refiners have cut their daily run rates further, to around 10 million bpd, which is the lowest since 2014, according to industry insiders who spoke to Bloomberg. Refiners Continue Reading
Another Major Car Maker Is Backing Hydrogen
The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, Continue Reading
China Keeps Churning Out Steel That No One Wants to Buy
China’s steelmakers face their biggest crisis in years, with demand frozen as factories and construction sites fall silent. But they’re still churning out metal. The collapse in economic activity amid China’s unprecedented Continue Reading
Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. The Chinese manufacturing engine that powers much of the world economy is struggling to restart after an Continue Reading
Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
Taiwan’s Foxconn said on Thursday it would “cautiously” resume production at its main factories in China as the major Apple Inc supplier warned revenue will be hit this year by Continue Reading
China Jan new bank loans hit record, more policy support seen
New bank loans in China rose more than expected to a record high in January, as authorities step up support for an economy hit by trade tensions and facing a Continue Reading
Cases Top 75,500; South Korea Reports First Death: Virus Update
South Korea reported the first fatality from the coronavirus outbreak amid a surge of cases tied to a cluster from a religious sect, while Japan confirmed two deaths from a Continue Reading
Japan Sets Up Task Force to Deal With Virus Impact on Automakers
Japan’s auto industry and government are setting up a joint council for carmakers and auto parts suppliers as they face disruption due to the coronavirus outbreak. The group will share information Continue Reading
China Tells Farmers Not to Miss Planting Season Despite Virus
Chinese Premier Li Keqiang told local governments to make sure farmers don’t miss the crucial grain planting season during a critical time for controlling the spread of coronavirus. View full Continue Reading
Sick, but Not Coronavirus? China’s Other Patients Struggle to Get Care
China has poured doctors, drugs and other resources into Hubei province to battle the coronavirus outbreak at its source, but people with other conditions are struggling to get the urgent Continue Reading
Coronavirus Live Updates: Changes to Diagnosis Criteria Result in Confusion
China saw a significant decline in new cases. China reported a dramatic decrease in new coronavirus infections on Thursday, as health officials changed the way they counted confirmed cases for Continue Reading
The Solar Sector Is Suffering From Coronavirus Contagion
While analysts and international agencies are already assessing the fallout from the coronavirus outbreak on global oil demand, the damage to the energy industry is extending well beyond oil. Promising Continue Reading
Shell sees continued lower Chinese LNG demand into March on coronavirus
Shell expects Chinese LNG demand to remain lower than expected into March due to the ongoing coronavirus outbreak in the country, senior company officials said Thursday. Receive daily email alerts, Continue Reading
Asian mills cautious over rising Chinese steel exports in the region
Asian mills are cautious over the recent spike in steel exports from China to the region as the coronavirus outbreak has dampened the domestic Chinese demand, regional mill and trading Continue Reading
How China’s Incompetence Endangered the World
The novel coronavirus epidemic has reached a critical juncture. Steps taken over the next few days, particularly by Beijing’s leadership, will decide the fate of the virus and whether it Continue Reading
Trump Administration Begins Work on Next National Climate Report
The next National Climate Assessment is beginning to take shape at a time when President Trump warned world leaders to reject “alarmists” and as his conservative allies make plans to Continue Reading
Humanity’s Methane Problem Could Be Way Bigger Than Scientists Thought
Fossil-fuel production may be responsible for much more atmospheric methane than scientists previously thought, according to new research published today in the journal Nature. The results, if they hold, suggest Continue Reading
Fossil Fuels Are to Blame for Soaring Methane Levels, Study Shows
Oil and gas production may be responsible for a far larger share of the soaring levels of methane, a powerful greenhouse gas, in the earth’s atmosphere than previously thought, new Continue Reading
As Canada’s Frustrations Grow Over Rail Blockade, Trudeau Gets Heckled
With concerns growing over fuel shortages and layoffs, Prime Minister Justin Trudeau came under increasing pressure Tuesday to end a rail blockade by Indigenous protesters that has shut down the Continue Reading
Boston prepares for rising seas from climate change
Famous for its role in America’s war for independence, this city is now fighting the rising seas. Boston is raising streets, building berms and even requiring that new high-rise condominium developments Continue Reading
Ransomware-hit US gas pipeline shut for two days
A ransomware attack on a US natural gas facility meant a pipeline had to be shut down for two days, the US Department of Homeland Security (DHS) has said. However, Continue Reading
The Permian Pipeline Even Environmentalists Should Support
The idea that an oil or gas pipeline could be positive news for the environment is completely alien to those who believe we should put an end to the fossil Continue Reading
EIA Cuts 2020 Oil Demand Forecast By 378,000 Bpd
After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as Continue Reading
Earnings Show Shale Players Competing for Dividend Growth
Independent explorers have been punished by investors for aggressive growth plans that favored skyrocketing production over returning cash to shareholders. (Bloomberg) — Three shale producers are fighting to show which Continue Reading
Chevron Teams Up on Carbon Capture Investment
The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry. Chevron Technology Ventures, the tech arm of Chevron Corp., Continue Reading
Can we quit cobalt batteries fast enough to make electric cars viable?
Most of the world’s cobalt is mined in the Democratic Republic of the Congo. Electric cars are getting cheaper and their sales are on the rise, but their future success Continue Reading
Rising water raises climate change fears in the Great Lakes region
Lakefront property owners lose sleep over flood risks. High school students fill sandbags to protect the fragile coastline. America’s Great Lakes, the largest body of freshwater on Earth, are at, Continue Reading