The Islamic State group capitalized on deteriorating U.S.-Iraqi relations as a pandemic further distracted the unfinished fight against it. An official ceremony at Balad base for Iraq to receive four Continue Reading
Saudi Aramco has informed at least one Japanese refiner that it will reduce the refiner’s June-loading crude allocations by 20%-40%, a source at the Japanese refiner told S&P Global Platts. Continue Reading
The coronavirus problem that India had feared is becoming reality in Mumbai. It is India’s most densely populated city, a scraggly peninsula framed by the Arabian Sea and other waterways, a metropolis of Continue Reading
Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country’s largest-ever wheat harvest in Haryana state near New Delhi. Now Continue Reading
President Donald Trump suggested on Thursday that the U.S. could “cut off the whole relationship” with China, claiming that doing so would save the country $500 billion. “There are many Continue Reading
U.S. President Donald Trump said on Thursday he was very disappointed in China over its failure to contain the novel coronavirus, and that the worldwide pandemic had cast a pall Continue Reading
Residents in Wuhan braved pouring rain in queues of more than an hour to take part in a government-led exercise to test the city’s 11 million people for the novel Continue Reading
U.S. President Donald Trump signaled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President Xi Jinping right now Continue Reading
President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, a rival he blames for not doing enough to slow Continue Reading
The global economy is reeling from the coronavirus pandemic. The last thing it needs now is for the smoldering trade war between the world’s two largest economies to escalate. Yet Continue Reading
Wuhan, the Chinese city where the coronavirus pandemic began, has announced an ambitious plan to test all of its 11 million residents for the virus in the coming days, a Continue Reading
On Jan. 15, it seemed like the U.S. and China had avoided a quick descent into a new Cold War. In Washington, U.S. President Donald Trump declared that “our relationship with Continue Reading
China’s factory output rose for the first time this year as the world’s second-largest economy slowly emerged from its coronavirus lockdown, although consumption remained depressed amid increased job losses. Industrial Continue Reading
Wuhan, the original epicenter of the new coronavirus outbreak in China, has tested over 3 million residents for the pathogen since April, and will now focus its testing efforts on Continue Reading
China has a lesson for the world: An economy is harder to reboot than it is to shut down. Fresh data for the month of April, covering a period when the government Continue Reading
The U.S. government largely shut down international travel to the United States in March with a series of rapid-fire moves, but restarting it will likely be a longer, more piecemeal Continue Reading
Delta Air Lines ( DAL.N ) moved to retire its Boeing Co ( BA.N ) 777 fleet and reduce its pilot ranks on Thursday as it joins other airlines wrestling Continue Reading
Electric car maker Tesla Inc ( TSLA.O ) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that Continue Reading
For once in California’s fight against climate change, lower greenhouse gas emissions aren’t cause for celebration. The recent drop in pollution as many factories sit idle is temporary, but it Continue Reading
Imagine that you’re a power engineer in 1975, designing and building the U.S. electrical grid. Coal is undoubtedly king, generating nearly three times as much as gas, oil, or hydropower. Nuclear power Continue Reading
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak forced more companies to slash jobs even though most states have begun to let Continue Reading
Scattershot reopenings of retail stores, nail salons and restaurants around the country have not halted the flood of layoffs, with the government reporting Thursday that nearly three million people filed Continue Reading
Tesla Inc ( TSLA.O ) is a leader in electric vehicle battery technology, but the company doesn’t do all its own research. Tesla Chief Executive Elon Musk has reached out Continue Reading
“By the end of the coming decade we will be on one of two paths. One is the path of surrender, where we have sleepwalked past the point of no Continue Reading
Tesla is set to launch a million-mile battery as soon as this year or early in 2021 for its Model 3 in China, as part of a wider plan to Continue Reading
Across the board, the four major Class I railroads said low natural gas prices, coal plant retirements and a mild winter drove declines in coal volumes in the first quarter Continue Reading
The total US oil and gas rig count fell 29 to 369 on the week, rig data provider Enverus said Thursday, marking the ninth straight week of double-digit declines as Continue Reading
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
Current conditions may adversely affect efforts to reach a final investment decision. The outbreak of COVID-19 and volatility in the energy markets have surfaced an additional risk factor for NextDecade Continue Reading
Earlier this week Chief U.S. District Judge Brian Morris upheld his ruling from last month that nixed a permit for the Keystone XL oil pipeline. The judge shot down a Continue Reading
Oil markets have had yet another confusing week, this time not just because of the coronavirus and all the media attention that has garnered. But this week, disparate crude oil Continue Reading
While much of the United States—including Texas—is taking steps to reopen the economy, oil and gas jobs are still on a downward spiral, with oil and gas jobs in Texas Continue Reading
Democratic presidential candidate Joe Biden campaigns with former Democratic presidential candidate John Kerry on Dec. 6, 2019 in Cedar Rapids, Iowa. Credit: Win McNamee/Getty Images With the climate task force Continue Reading
Inside Clean Energy Great River Energy has announced it will close the largest coal-fired power plant in North Dakota and replace it with renewable sources, an almost complete overhaul of Continue Reading
Lufthansa ( LHAG.DE ) plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by the Continue Reading
Dr. Rimma Kamalova says her hospital’s leadership ignored her warnings about an unexplained pneumonia outbreak back in March. She kept working. The hospital admitted more than 50 people for planned Continue Reading
The effect of oil well shut-ins on future production has become one of the main topics of discussion in the energy media lately, what with OPEC+ cutting millions of barrels Continue Reading
The German economy shrank 2.2% in the first quarter, the most in more than a decade, offering an early flavor of the damage from the coronavirus outbreak. Less than two weeks Continue Reading
High-tech mobility innovator Lightyear and Royal DSM will jointly scale the commercialization of Lightyear’s unique solar-powered roof for the electric vehicle market. With this solution, both companies aim to accelerate Continue Reading
Crude oil futures were steady during mid-morning trade in Asia Thursday as economic uncertainty keeps market sentiment cautious. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with a build Continue Reading
The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s. The U.N.’s Continue Reading
Global oil demand will take at least a year–and probably much longer–to return to the pre-crisis levels of 100 million barrels per day (bpd), Fatih Birol, Executive Director of the Continue Reading
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away. The head of Continue Reading
The outlook for global oil markets has “improved somewhat,” with demand a little stronger than expected and supply reined in by a brutal price crash, the International Energy Agency said. Continue Reading
The oil market has experienced unprecedented demand destruction, supply cuts and inventory builds in just a matter of weeks. Recovering from recent events will take considerably longer, IHS Markit Energy Continue Reading
The oil market may start to rebalance quicker than originally anticipated, with the International Energy Agency Thursday pointing to deeper crude production cuts from OPEC+, US output falling faster than Continue Reading
Better than expected mobility in OECD countries and the gradual easing of lockdown measures led to an upward adjustment of 3.2 mb/d to our global 2Q20 demand number; but it Continue Reading
Maersk, which moves 17% of all containers world-wide, posted better-than-expected first-quarter earnings on Wednesday as cost cuts, lower fuel outlays and higher freight rates helped offset the demand slump. With Continue Reading
Climate scientists have previously warned that a lethal combination of heat and humidity will make currently inhabited parts of the planet uninhabitable for months at a time in the decades Continue Reading
