A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to Continue Reading
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. Continue Reading
This Spotlight from S&P Global Platts Analytics was first published April 27, 2020 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude oil exports out of Continue Reading
Russia’s coronavirus outbreak is likely to be far larger than government data suggest, Moscow’s mayor has warned, as a surge in confirmed cases makes the country the world’s seventh most Continue Reading
The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, Continue Reading
The May 9 military parade was to have been an event of pure pomp and spectacle: a moment for Vladimir Putin to stand in the centre of Moscow’s Red Square Continue Reading
At the heart of every small enterprise is a dream, and Ilya Smirnov’s is crazier than most. Right now that dream is dying. The state of his business — Kotissimo, Continue Reading
The developer of the Nord Stream 2 gas pipeline said Monday it would consider its options for “further action” in its bid to be exempted from new EU rules on Continue Reading
U.S. oil prices were 5% higher while Brent crude rose above $26 per barrel on Friday, with both benchmarks posting their first weekly gain in four weeks as OPEC and Continue Reading
Crude posted its first weekly gain in a month as global production cuts start to lift physical markets. Futures in New York rose 17% this week. Oil companies have announced major Continue Reading
The Next Normal for Oil and Gas Is Unfolding As certain longstanding assumptions in the oil and gas market go by the wayside, at least temporarily, there is much interest Continue Reading
At beginning of this year, oil in the United States was selling for around $60 a barrel. Now you can barely get rid of the stuff; at $12 a barrel Continue Reading
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the Continue Reading
As economic lockdowns complicate efforts to bring electricity to every corner of the planet, one company is putting generation units on ships that can sit offshore and plug into local Continue Reading
Using their elevation data, the researchers found that Greenland is losing about 200 billion tons of mass each year on average. That’s enough to raise sea levels by about eight Continue Reading
The International Energy Agency expects carbon dioxide emissions to decline by 8 percent this year due to the devastation the coronavirus wreaked on energy demand. The agency said in the Continue Reading
Saudi Arabia’s outlook was cut to negative from stable by Moody’s Investors Service as the crash in oil prices and the pandemic sent the kingdom’s reserves plunging to their lowest Continue Reading
Coal India Ltd.’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding demand for India’s most dominant energy source. Shipments dropped Continue Reading
Chevron is complying with the U.S. Administration’s requirements, but it is not winding down all activities in Venezuela preparing to leave the country, the U.S. supermajor’s chief executive officer Michael Continue Reading
A northeastern Chinese city of 10 million people struggling with currently the country’s biggest coronavirus cluster shut dine-in services on Saturday, as the rest of China eases restrictions designed to Continue Reading
China’s first-quarter total services trade fell 10.8% from a year earlier to 1.15 trillion yuan ($162.82 billion), according to the Ministry of Commerce. Services exports in the Jan.-to-March period declined 4.1% Continue Reading
The Federal Reserve made some changes to its Main Street Lending Program according to a Thursday press release by the central bank that will now extend a much-needed lifeline to Continue Reading
Exxon Mobil Corp. posted its first quarterly loss in three decades as it and rival Chevron Corp. painted a dismal picture of the oil industry, signaling that the impact of Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 57, falling to 408, with the total oil and Continue Reading
Chevron has so far curtailed a relatively small amount of its oil and gas production due to low crude prices and dwindling demand from the global coronavirus pandemic, but bigger Continue Reading
American shale explorers are rapidly crimping production in the country’s most prolific oil fields as the worst price crash in history threatens the industry’s survival. Three of the biggest oil Continue Reading
American beef output is down a lot more than plant closures would have you believe — a sign that slowdowns at facilities will continue to keep meat supplies tight even Continue Reading
Oil-output cuts across the U.S. have stemmed the freefall in prices. But whether the recent recovery is sustained will depend partly on whether producers make good on their commitments. Exxon Mobil Continue Reading
Ghulam Mustafa was back at his jewelry stand at a shopping mall for the first time in weeks. Many of the stores around him remained closed, and few shoppers walked Continue Reading
A new report from the Road Ecology Center at the University of California, Davis has found that total US vehicle miles traveled (VMT) at the county and state level have Continue Reading
The U.S. Supreme Court has rejected requests by a number of oil companies to block three lawsuits launched against them by state and local governments for their role in climate Continue Reading
ExxonMobil (NYSE: XOM) reported on Friday a surprise first-quarter loss on the back of hefty write-downs amid the oil price plunge, posting its first quarterly loss since the 1999 merger Continue Reading
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession. The survey from Continue Reading
Russia on Friday reported a record daily rise in the number of confirmed coronavirus cases, a day after Prime Minister Mikhail Mishustin announced he had been diagnosed with the new Continue Reading
Russia slightly increased its crude oil and condensate production in April ahead of the biggest-ever output cuts under the new OPEC+ deal. The country’s producers pumped 46.45 million tons of oil Continue Reading
Russia and Pakistan reported their biggest one-day jumps in new coronavirus infections as some other countries and U.S. states where case numbers are stabilizing allowed businesses and public activities to Continue Reading
Harnessing the motherlode of the sun’s power is almost within our reach. The sun, our primary source of energy, bathes our Blue Planet in more solar energy than we can Continue Reading
Russian crude and condensate production totaled 46.45 million mt in April, according to data released Saturday by the Central Dispatching Unit of the Russian energy ministry. This is equivalent to Continue Reading
Airbus and Rolls Royce jointly have decided to end the E-Fan X demonstrator program. ( Earlier post .) Launched in 2017, the E-Fan X project sought to develop a near-term Continue Reading
Oil headed for its first weekly gain in a month as global production cuts start to lift physical markets and demand shows tentative signs of recovery. Futures in New York-traded above Continue Reading
Oil climbed for the second day as global production cuts deepened and signs of a recovery in physical markets emerged. Futures in New York soared as much as 29% in volatile Continue Reading
Oil and gas exploration and production (E&P) companies around the world are set to see their total annual revenues plunge by a whopping US$1 trillion this year, due to the Continue Reading
The best month for global equities in almost a decade may be enough to convince investors the light at the end of the coronavirus tunnel isn’t a train, but the Continue Reading
Once the airline industry’s ugly ducklings, air freighters are now flying high as some of the only airplanes still criss-crossing the skies during the global coronavirus crisis. While these aerial Continue Reading
A new report from the International Renewable Energy Agency (IRENA) show that, to save the planet, a massive transformation of the world’s energy system will need to occur, in which Continue Reading
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months. Top producer Saudi Arabia and Continue Reading
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and Continue Reading
There is a growing push within the Trump administration to craft a list of retaliatory measures against China over its role in the coronavirus outbreak, three sources, including a U.S. Continue Reading
While the U.S. oil industry is in the throes of panic as demand has fallen out of the oil market, China is suffering its own oil crisis— resulting in capex Continue Reading
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs Continue Reading
