CARACAS (Reuters) – Venezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it Continue Reading
Under leader Xi Jinping, China has established itself as an increasingly assertive global player, pushing back forcefully against challenges at home and abroad. But even as Beijing tightens its grip Continue Reading
China will expand its oil storage capacity, the government said today, adding that /it will also pursue unconventional gas exploration to improve energy supply security, Reuters reports , citing a Continue Reading
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of Continue Reading
ITM Power announced the formation of the H2OzBus Project and the signing of a memorandum of understanding with a consortium of strategic partners. The consortium comprises Transit Systems, part of Continue Reading
Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay Continue Reading
US oil production is falling more steeply than expected, forcing analysts to scale back output projections even before a deep plunge in planned upstream spending further cuts supply later this Continue Reading
A store in Niles, Ill., this month. (Nam Y. Huh/AP) Roughly one-quarter of the labor force in Nevada, Michigan and Hawaii is unemployed, and nearly every other state registered a Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 21, falling to 318, with the total oil and Continue Reading
The U.S. Federal Energy Regulatory Commission (FERC) approved this week the construction and operation of the Alaska LNG project estimated at US$43 billion, which has been years in the planning Continue Reading
Highlights Output hits 85.5 Bcf/d, down 9% from record high At 357, US rig count has fallen 57% from annual peak Permian, SCOOP/STACK, Bakken lead output decline New York — Continue Reading
Weekly US coal train loadings averaged 55.1 trains/day in the week ended May 22, down 0.8 train/day from the previous week, Surface Transportation Board data showed Friday. Receive daily email Continue Reading
The future of aviation may be unclear in the coronavirus–stricken world, but some carriers are beginning to sow the seeds of their recovery. So while the way we travel will Continue Reading
US oil and gas producers entered 2020 under the cosh – out of favor with investors and wilting under heavy debt loads. The Russian and Saudi oil price war was Continue Reading
The more than a century old car rental firm Hertz Global Holdings Inc ( HTZ.N ) filed for bankruptcy protection on Friday after its business was decimated during the coronavirus Continue Reading
Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay Continue Reading
The coronavirus may still be spreading at epidemic rates in 24 states, particularly in the South and Midwest, according to new research that highlights the risk of a second wave of Continue Reading
Offshore oil producers and their allies in Congress are asking the Trump administration to make it easier for them to get a break on payments to the government amid the Continue Reading
After 530 days and more than 180,000 driven kilometers, the successful trial operation of the world’s first two hydrogen trains was officially completed at the end of February. Two pre-series Continue Reading
Oil retreated from the highest level in more than two months with doubts emerging over the strength of China’s economic recovery and as tensions rose between Washington and Beijing. Futures in Continue Reading
Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut. Futures climbed 1.3% Continue Reading
It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During the last Continue Reading
Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough Continue Reading
The global energy and travel industries have been some of the hardest hit by the coronavirus crisis, with the energy market experiencing its biggest shock post-WWII. Widespread lockdowns have resulted Continue Reading
Oh, it could get very bad. In 2015, a study in the Journal of Mathematical Biology pointed out that if the world’s oceans kept warming, by 2100 they might become Continue Reading
What has undoubtedly influenced the virus’s spread, however, is the human factor: decisions made by governments and individuals alike. While the weather effects are slight, some countries have successfully controlled Continue Reading
Just this month, several of my colleagues on The Washington Post’s climate team were awarded a Pulitzer Prize for their reporting on this exact question. Their analysis of global climate Continue Reading
Kazakhstan’s crude oil production has fallen below 1.7 million bpd of crude and condensates, oil analytics firm OilX told Oilprice.com, noting that the giant Tengiz field has seen a jump Continue Reading
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The Continue Reading
Coronavirus is believed to be spreading throughout Yemen, where the health care system “has in effect collapsed”, the United Nations said on Friday, appealing for urgent funding. Referring to aid Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei called on Palestinians on Friday to continue their uprising against Israel, suggesting the Israeli government was a “tumor” that should be confronted until Palestinians Continue Reading
In an era of depressed oil prices and budget disputes, the KRG has lost most of the revenue that underwrites its economy, and has no clear plan for bridging its Continue Reading
China and the United Nations backed calls for Ethiopia to resume talks over its plan to begin filling a giant hydropower dam that is opposed by Egypt. Ethiopia wants to Continue Reading
The African continent witnessed different reactions to the ongoing period of depressed demand – mature producers like Nigeria and Angola are facing liquidity issues and struggle to keep their 2020 Continue Reading
South Africa could see up to 50,000 coronavirus deaths and as many as 3 million infections by the end of the year as the southern hemisphere winter leads to a Continue Reading
Nigeria’s economy could contract 8.9% this year without stimulus, Lagos-based ThisDay newspaper reported, citing Finance Minister Zainab Ahmed. Measures being put in place could slow the contraction to 4.4% and if Continue Reading
As Friday prayers began in the main mosque here last week, worshipers filled the front courtyard. Late arrivals squeezed into the back and into overflow areas, disregarding the tape on Continue Reading
Millions of people across Bangladesh and eastern India are taking stock of the devastation left by Cyclone Amphan. A massive clean-up operation has begun after the storm left 84 dead and Continue Reading
Crude oil demand in India will take longer to recover than many hope for as the country braces for the worst recession in its history after a two-month lockdown. Bloomberg Continue Reading
Argentina’s move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may take a couple of years Continue Reading
China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world’s second-biggest economy, setting a somber tone Continue Reading
The Chinese government abandoned its decades-long practice of setting an annual target for economic growth amid the storm of uncertainty unleashed by the coronavirus pandemic, and said it would continue Continue Reading
Mounting disasters in the U.S. are spurring concern about the federal government’s ability to handle a storm season that’s projected to produce the most dangerous storm period since Hurricane Katrina in Continue Reading
China broke with more than a quarter-century of tradition by not issuing an economic growth target for 2020, a stark acknowledgment of the challenges facing the world’s second-largest economy as Continue Reading
Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks Continue Reading
China has laid out plans to issue Yuan 3.75 trillion ($526.8 billion) of new local government special bonds this year, up from Yuan 2.15 trillion in 2019, which will boost Continue Reading
Seven Japan-based companies—Asahi Tanker Co., Ltd.; Idemitsu Kosan Co., Ltd.; Exeno Yamamizu Corporation; Mitsui O.S.K. Lines, Ltd.; Tokio Marine & Nichido Fire Insurance Co., Ltd.; Tokyo Electric Power Company; and Continue Reading
China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies. The world’s second largest Continue Reading
Harold Hamm, the wildcatter who helped usher in the American fracking boom, has weathered his share of oil busts. None of them matched this one. The 13th child of Oklahoma Continue Reading
Even as states begin to reopen for business, a further 2.4 million workers joined the nation’s unemployment rolls last week, and there is growing concern among economists that many of Continue Reading
