Venezuela’s state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due to mounting Continue Reading
Norway’s Equinor ASA , Brazil’s Dommo Energia SA ( DMMO3.SA ) and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or Continue Reading
China’s economy continued its slow recovery from the coronavirus slump in May, with better sentiment among companies tempered by the grim global outlook. That’s the assessment from the earliest available Continue Reading
As well as being a world-class LNG exporter , Australia may soon become a major exporter of renewable energy. Engineers are now looking to connect Singapore with Darwin, using a Continue Reading
South Korea has made public a long-term energy plan that stipulates a shift to more renewable energy at the expense of fossil fuels and nuclear power. The Korea Herald reports Continue Reading
Japanese natural gas company Tokyo Gas Co. Ltd has made a bet that the future of renewable power will be floating at sea. The more than $22 million investment in developers Continue Reading
California cities and counties cleared an important hurdle in their legal fight to get major oil companies including BP Plc, Exxon Mobil Corp., and Chevron Corp. to pay tens of Continue Reading
More than 15,000 dams in the US would likely kill people if they failed, and at least 2,300 of them are in poor or unsatisfactory condition, according to recent data Continue Reading
For all the optimism over a recovery in oil demand and prices, the weekend that heralds the U.S. summer driving season proved to be a damp squib. While beaches were open Continue Reading
As the coronavirus pandemic rocks the aviation industry, two industry giants are fighting to protect their legacies. WSJ’s Jaden Urbi explains what Boeing and Airbus are doing to survive this Continue Reading
Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the last surviving epicenter of drilling activity, a Rystad Energy analysis Continue Reading
The downturn in the U.S. oil industry could lead to more than US$24 billion of lost GDP for Texas alone, if oil prices remain in the $30s, Ed Hirs, Energy Continue Reading
Spending on public projects helped pull the United States out of the Great Depression and created a lasting network of employment that helps support America even today. Now, as the Continue Reading
At a factory near Germany’s border with the Czech Republic, Volkswagen AG’s ambitious strategy to become the global leader in electric vehicles is coming up against the reality of manufacturing Continue Reading
Toyota Motor Corp. is wagering U.S. car buyers will emerge from coronavirus shutdowns still wanting to buy new rides that sip fuel despite gasoline prices lingering near the lowest in years. Continue Reading
On the outskirts of a small town less than 50 miles southeast of Phoenix, a 720,000 square foot electric vehicle factory is arising in the desert. If all goes as Continue Reading
Elizabeth Warren has gained support among Democrats as a running mate for Joe Biden. WSJ’s Gerald F. Seib explores the strengths and weaknesses she could bring as Biden’s pick for Continue Reading
Amazon.com Inc. is in advanced talks to buy Zoox Inc. in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology. The companies are discussing a deal that Continue Reading
Investment in the U.S. shale sector will drop by half this year, the International Energy Agency said Wednesday, predicting a period of pain for producers, even as oil prices rally. Continue Reading
Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high it is Continue Reading
A few days ago, Facebook joined Twitter in embracing remote work as a permanent option for many of its employees. In a decade, Mark Zuckerberg said, half of the company’s Continue Reading
Southwest Research Institute engineers have developed the next generation of clean diesel engine technology to reduce hazardous nitrogen oxides (NO x ) and carbon dioxide emissions while minimizing fuel consumption. Continue Reading
The UK has suffered almost 60,000 more deaths than usual since the coronavirus pandemic struck the country in mid-March, according to official figures released on Tuesday. The Office for National Statistics Continue Reading
Air France-KLM has started talks with unions to reduce staff as part of a restructuring to be unveiled in the coming months — a plan that also calls for a Continue Reading
Russia is determined to start easing oil-output cuts in July, sticking to the terms of the OPEC+ deal reached in April, according to people familiar with the key producer’s position. Continue Reading
The energy transition can be compared to a marathon instead of a sprint. As the costs of photovoltaic cells and wind turbines have significantly decreased, decarbonizing the economy has become Continue Reading
Russia became the top crude oil supplier to China last month, overtaking Saudi Arabia with an average of 1.75 million bpd versus 1.26 million bpd for Saudi Arabia, Reuters has Continue Reading
The flow of natural gas from Russia to Europe via the Yamal-Europe pipeline crossing Poland completely stopped on Tuesday after a two-and-a-half-decade-old transit deal between Russia and Poland expired and Continue Reading
President Vladimir Putin said Russia has passed the peak of the coronavirus epidemic and ordered preparations to resume for military parades marking the 75th anniversary of the World War II Continue Reading
After the hottest winter on record in Russia, spring has brought with it a heatwave to Siberia. The region has witnessed unusually warm weather this month, with temperatures in some parts Continue Reading
Oil rose above $34 a barrel, following a prediction from Russia that the market may rebalance as early as next month due to historic output cuts from global producers. Russia, a Continue Reading
Crude oil futures edged higher in mid-morning trade in Asia Tuesday amid signs of an easing supply glut, but lingering US-China geopolitical uncertainties over the virus outbreak capped gains. Receive Continue Reading
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence Continue Reading
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic. Futures in New York gained as much as 2.3% Continue Reading
Global stocks rose Tuesday on optimism about economies reopening and the potential development of a coronavirus vaccine. Futures linked to the S&P 500 advanced 1.8%, suggesting U.S. stocks could gain Continue Reading
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines , and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times Continue Reading
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of Continue Reading
The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would return Continue Reading
Iran plans to stop exporting gas condensates and instead refine the volumes domestically to produce gasoline and naphtha, oil minister Bijan Zanganeh said Monday. Receive daily email alerts, subscriber notes Continue Reading
India’s fuel demand, which had crashed by 60 percent during the early days of its two-month lockdown, is set to reach pre-coronavirus levels in June, Indian Oil Minister Dharmendra Pradhan Continue Reading
Latin America’s largest airline LATAM Airlines Group SA ( LTM.SN ) said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Continue Reading
A second tanker dispatched by Iran was welcomed Monday by Venezuelan naval frigates and helicopters as it entered national waters, a lifeline for embattled Venezuelan President Nicolás Maduro that reflects Continue Reading
Survey work will soon begin on an ambitious plan to export power from a giant solar farm in Australia to Singapore via a 3,800 kilometer (2,360 mile) undersea cable. The Sun Continue Reading
Tesla has made a move away from the dominant EV battery technology, asking the Chinese government for approval to start manufacturing Tesla Model 3 featuring a lithium iron phosphate batteries, Continue Reading
China this year will be able to absorb 52% more new wind and solar power capacity than in it added 2019. The world’s biggest energy consumer has space on its grids Continue Reading
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Truck loads are growing again. Air travel and hotel bookings are up slightly. Mortgage applications are rising. And more people are applying to open new businesses. These are among some Continue Reading
The biggest independent shale oil groups in the US reported a record combined loss of $26bn in the first quarter as the sector braces itself for a wave of bankruptcies Continue Reading
The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American oil and Continue Reading
Oil and gas companies, as well as the retail industry, are the worst hit sectors in the COVID-19 pandemic that swept through businesses in Texas, bankruptcy and restructuring lawyers say. Continue Reading
