The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling Continue Reading
The biggest cyclonic storm over the Bay of Bengal in about two decades may likely weaken as it hits coasts of India and Bangladesh late on Wednesday, with authorities making Continue Reading
For many years it seemed that Liberia has missed out on the West African oil bonanza – whilst Nigeria has already established itself as the leading oil producer in the Continue Reading
Nigeria’s oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Continue Reading
The U.S. Supreme Court justices declined on Monday to review a federal court’s ruling that had allowed Canadian miner Crystallex to take over shares of U.S. refiner Citgo in compensation Continue Reading
Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the Continue Reading
In the eastern Chinese city of Yuyao, a group of five face-masked workers at a Geely auto plant, stood almost shoulder to shoulder behind an SUV as they conducted paint Continue Reading
The welcome return of China’s economy is bringing with it some unwelcome company, as air pollution levels have returned to pre-lockdown levels across the country. Major pollutants have exceeded concentration levels Continue Reading
Natural gas, the poster child of the fossil fuel industry and the bridge fuel to a renewable future, has suffered its fair share of problems amid the coronavirus pandemic. And Continue Reading
American shale is easy prey as Beijing goes bargain-hunting. China could soon embark on a global buying spree following the coronavirus-induced economic crisis and the re-opening of its economy , Continue Reading
Highlights Voluntary producers’ shut-in output accelerates EIA revises May production estimates down 500,000 b/d Houston — Declining US shale oil output is projected to slide further in June by 197,000 Continue Reading
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would Continue Reading
Delta Air Lines Inc ( DAL.N ) will keep planes no more than 60% full through at least July, adding more flights to its schedule than demand would usually justify, Continue Reading
Jobs are being lost from the US coal industry at the fastest rate in decades as the fuel gets crowded out of an electricity market that is shrinking because of Continue Reading
President Trump told the director-general of the World Health Organization he would permanently end all funding to the organization if it did not “commit to substantive improvements within the next Continue Reading
Some bicycle shops in Brooklyn are selling twice as many bikes as usual and drawing blocklong lines of customers. A chain of shops in Phoenix is selling three times the Continue Reading
The economy is reopening, stock markets are already bouncing back in a hedge on the future, and we’re about to see the biggest shift in capital in years. It’s a Continue Reading
“I think the cuts are automatic if you are a believer in markets,” U.S. President Donald Trump said about potential American oil production cuts in early April while he was Continue Reading
Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration reported on Monday. Production in Continue Reading
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018. (Bloomberg) — Oil production from the top seven shale Continue Reading
With airlines still grounding flights, the last thing Europe probably needs right now is a giant cargo of jet fuel. Yet, a supertanker hauling about 2 million barrels of it Continue Reading
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to Continue Reading
Worldwide electric car registrations are set to fall 18% this year, but those of combustion engine cars are set to drop even faster, analysts BloombergNEF (BNEF) said on Tuesday, as Continue Reading
Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink at least 10% this year due to the coronavirus crisis, its president said on Tuesday, a much Continue Reading
Siemens Gamesa Renewable Energy SA, the Spanish wind turbine manufacturer, is to build what will be the world’s biggest windmill, by the thinnest of margins. The 14-megawatt machine with a rotor Continue Reading
MILAN (AP) — European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships Continue Reading
Oil rose above $30 a barrel for the first time in two months as producers in the U.S. and elsewhere continued to cut output. Futures in New York climbed about 5.6%, rallying Continue Reading
Driving in the United States and Europe is picking up a little. Refineries in China are buying more oil as that country’s economy reopens. Saudi Arabia and Russia ended their Continue Reading
In the midst of a pandemic that’s shaken energy markets to the core and threatens to send the global economy into a depression, renewable energy is holding steady. In the Continue Reading
OPEC+ is responding to the oil market’s collapse with an urgency never seen before. The alliance’s program of production cutbacks this month is well on the way to trimming 9.7 million Continue Reading
All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day. OPEC 13 crude Continue Reading
A child receives medical treatment after a sarin gas attack in the town of Douma, Syria on April 08, 2018. According to initial findings over 78 civilians perished in the Continue Reading
Shelling killed two people on Saturday, the emergency services said, at a displaced people’s shelter in a part of the Libyan capital Tripoli that has been under bombardment by eastern Continue Reading
The Iranian cartoon shows two traditional healers, including a turbaned cleric, preparing to treat a coronavirus patient on all fours with beakers of camel urine and violet leaf oil, remedies Continue Reading
Americans will be expelled from Iraq and Syria, Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, renewing Iran’s demand for U.S. troops to be withdrawn from the Middle East. Continue Reading
Emirates Group is considering slashing about 30,000 jobs, the deepest cuts yet in a global airline industry that’s been forced into near-hibernation by the coronavirus pandemic. The world’s biggest long-haul carrier Continue Reading
Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank Group Corp.’s technology investment vehicle, according to people familiar with the matter. The Public Continue Reading
Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the state-run Islamic Republic News Agency reported. On Sunday Iran’s Ministry of Continue Reading
Thronged banks. Packed subway cars. Buses full of President Jair Bolsonaro’s fervent supporters, heading to rallies that call on Brazilians to brush aside stay-at-home orders from mayors and governors and Continue Reading
Kuwait and Saudi Arabia agreed to stop production from the Al-Khafji crude oil field – part of their shared Neutral Zone – as of June 1, according to a source Continue Reading
The Lebanese love their food. Their elaborate spreads of grilled and sauteed meats, colorful salads and various vegetable dips, usually garnished with pine nuts, are a source of pride and Continue Reading
Iraq’s oil ministry said Monday there are no plans to shutter the al-Ahdab oil field in the southeastern province of Wasit due to protests in OPEC’s second largest oil producer, Continue Reading
An outbreak in Nigeria is just one of Africa’s alarming hot spots. The coronavirus has been relatively slow to take hold in Africa, but blazing hot spots are beginning to Continue Reading
Almost 75% of small businesses in a survey applied for help from a federal loan program designed to keep workers employed during the coronavirus pandemic, but only 38% of small Continue Reading
While the U.S. and other Western countries continued to take steps to reopen their economies after months of coronavirus lockdowns, Asian countries that enacted aggressive measures early in the pandemic Continue Reading
While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting Continue Reading
Ho Chi Minh City, Vietnam’s biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute. The chance of such Continue Reading
While the U.S. and other Western countries continued to take steps to reopen their economies after months of coronavirus lockdowns, Asian countries that enacted aggressive measures early in the pandemic Continue Reading
Scientists at Kyoto University’s Institute for Integrated Cell-Material Sciences (iCeMS) have developed a new coordination polymer glass membrane for hydrogen fuel cells that works just as well as its liquid Continue Reading
CHICAGO — The number of new coronavirus cases confirmed in the United States has steadily declined in recent days. In New York, the figure has dropped over the past month. Continue Reading
