Iraqi forces are increasing security around southern oil fields and facilities in Basra province as OPEC’s second-largest oil producer continues to grapple with protests demanding political and economic change. Iraqi Continue Reading
Businesses and homes alike in the Iranian city of Tehran—along with several other cities—are in the dark—and in the cold–on Monday, the spokesman for the Iran Electrical Power Industry, Mostafa Continue Reading
Given the gaps available to Iran in the current U.S. sanctions environment to continue to export its oil – principally via rebranding as Iraq oil and various shipping scams – Continue Reading
The six countries that make up the Gulf Cooperation Council need to diversify faster away from oil as the transition toward renewable energy picks up pace, putting pressure on the Continue Reading
Saudi Arabia, the world’s largest crude exporter, maintained its exports at close to a year-high of 9.373 million b/d in December as the kingdom dipped into its crude stockpiles, data Continue Reading
The total production from the two oilfields that Saudi Arabia and Kuwait share would reach 550,000 bpd by the end of the year, Kuwait’s Oil Minister Khaled al-Fadhel said on Continue Reading
The European Union agreed on Monday to launch a new naval and air mission to stop more arms reaching the warring factions in Libya, overcoming initial objections from Austria and Continue Reading
European Union foreign ministers agreed to revive a naval mission in the Mediterranean Sea to enforce the internationally backed arms embargo on Libya, a move likely to encounter stiff challenges Continue Reading
Libya’s combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa’s largest petroleum reserves. y Continue Reading
In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Continue Reading
Volkswagen AG said Monday it would postpone production restarts at some of its Chinese plants until next week, while the organizers of China’s biggest car show said the event would Continue Reading
Covid-19’s effect on global energy markets has been disastrous. OPEC slashed its oil demand forecast last week, and Goldman Sachs doubled down on its bearish oil take and has cut Continue Reading
More than a third of Chinese steel mills are considering cutting steel production due to rising inventories, a shortage of raw materials and weak downstream demand caused by the coronavirus, Continue Reading
The head of a leading hospital in China’s central city of Wuhan, the epicenter of the coronavirus outbreak, died of the disease on Tuesday as Apple Inc warned its sales Continue Reading
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in Continue Reading
Roughly half of China’s population is facing new restrictions on travel. Across China, officials have imposed controls of various kinds on people’s movements, hoping that minimizing contact will prevent the Continue Reading
Yuyang Liu for The New York Times China signaled on Monday that it would postpone its most important political spectacle of the year, a sign of deepening anxiety within the Continue Reading
Numbers have a certain mystique: They seem precise, exact, sometimes even beyond doubt. But outside the field of pure mathematics, that reputation rarely is deserved. And when it comes to Continue Reading
The highest fatality rate – 14.8% – is for people aged 80 and older Health officials in China have published the first details of more than 44,000 cases of Covid-19, Continue Reading
China from March 2 will start accepting applications for tariff exemptions on the import of US agricultural goods, including soybeans, wheat, corn and sorghum, according to a statement by the Continue Reading
Floodwaters in central Mississippi approached record heights Monday, leaving hundreds of homes and businesses inundated and roads closed around the capital, according to state officials who also warned of continued Continue Reading
Jeff Bezos, Amazon’s chief executive and the world’s richest man, said on Monday that he was committing $10 billion to address the climate crisis in a new initiative he called Continue Reading
Owing to a collapse of oil prices at the end of 2018, M&A activity in oil and gas has almost ground to a halt after a flurry of deals last Continue Reading
Walmart is reporting disappointing fourth-quarter profits and sales. The nation’s largest retailer said Tuesday that sales at its U.S. stores heading into the holiday season were weaker than expected. It Continue Reading
Apple Inc said on Monday that it will not meet its revenue guidance for the March quarter due to the coronavirus outbreak affecting both production and demand in China. The Continue Reading
The line in front of the Louis Vuitton store was barely a line by Paris standards: only 10 people. All were Asian and many spoke in Chinese, with one couple Continue Reading
The energy transition is a herculean challenge that is being thwarted by the world’s addiction to fossil fuels. Fortunately, the IEA had some good news recently when it announced that Continue Reading
The oil industry’s drive to show investors and the world that the sector is taking climate change seriously has reached the largest Russian oil producer, state-controlled Rosneft, which has just Continue Reading
U.S. Energy Secretary Dan Brouilette believes Russia’s Gazprom will not be able to complete the Nord Stream 2 gas pipeline project on its own due to U.S. sanctions, Bloomberg reports, Continue Reading
Germany’s environment minister Svenja Schulze has called for a swift start to green hydrogen production, starting with a 5,000 mt/year auction next year. Receive daily email alerts, subscriber notes & Continue Reading
Shell Energy Europe Limited (SEEL) has agreed a multi-year power offtake deal with the 100 MW Minety battery storage project in Wiltshire, southwest England, Shell said Monday. Receive daily email Continue Reading
Europe added 15.4 GW of wind capacity in 2019, bringing total installed capacity to 205 GW, WindEurope said Monday. Three-quarters of additions were onshore (11.8 GW), while a record 3.6 Continue Reading
When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple’s dream looked as if it was coming true. Two months later, they Continue Reading
The euro weakened on Tuesday, close to the three-year low it touched on Monday, after a German survey showed a slump in investor confidence, adding to pessimism about the outlook Continue Reading
Last year, Russia set a goal to quicken its economic expansion — to grow faster than the world as a whole — as a way to secure the country’s position Continue Reading
The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a decade. In its first Continue Reading
The coronavirus outbreak in China has hogged headlines for a month now, battering oil prices and sending OPEC into a frenzy to find a way to stop or at least Continue Reading
Natural gas–the bridge fuel to our renewable future–is cleaner and cheaper than oil. If it’s the clearly green fuel and already widely used to generate power, why isn’t the whole Continue Reading
The quest for the next source of renewable energy is well under way, with no natural phenomenon overlooked. We have already harnessed the power of flowing water, wind, and sunlight, Continue Reading
Last month was the hottest January in all recorded history. According to the National Oceanic and Atmospheric Administration (NOAA), land and ocean temperatures across the globe were higher last month Continue Reading
Solar power is no longer confined to daylight hours. Thanks to a wave of investment, solar farms across the US are increasingly being built with industrial-scale battery packs on site so Continue Reading
Back in 2014, the Ford Motor Company mesmerized the world when it revealed it had 3D printed the engine cover for the all-new Ford Mustang , marking the earliest instances Continue Reading
Today, the U.S. electric grid connects more than 9,000 electricity producers to millions of consumers through 6 million miles of transmission lines managed by more than 3,000 different private and Continue Reading
From giant earth towers to compressed-air plants, entrepreneurs are piloting systems to make renewable energy more reliable. Novelist Kim Stanley Robinson is a leading writer in the emerging genre of Continue Reading
Iran will never hold talks with the United States under pressure, President Hassan Rouhani said on Sunday, adding that Tehran’s help was essential in establishing security in the Middle East. Continue Reading
A top UN official has described the arms embargo on Libya as a “joke” and said the pause in fighting was “holding by a thread”, in a gloomy assessment of the Continue Reading
Highlights Saudi energy minister gives TV speech Aramco in middle of taking over SABIC Plans to export natural gas, petrochemicals Dubai — Saudi Arabia, the world’s biggest crude exporter, plans Continue Reading
Yemen’s Iran-aligned Houthi movement accused the Saudi-led coalition of carrying out retaliatory air strikes on Saturday that killed at least 30 people including civilians, in the latest flare-up of a Continue Reading
Iraq’s prime minister-designate Mohammed Allawi said he will name members of his cabinet this week, including the oil minister, pending approval of parliament on his choices of ministers for OPEC’s Continue Reading
Hardliners are set to tighten control of Iran this week in a parliamentary election stacked in their favor, as the leadership closes ranks in a deepening confrontation with Washington. Big Continue Reading
