Canada is preparing a national hydrogen strategy, making it the first country in North America to develop a plan to use the gas to reduce its reliance on fossil fuels Continue Reading
US oil production will continue to decline until bottoming out at 10.63 million b/d March 2021, or 2.2 million b/d below the record high set in November 2019, the US Continue Reading
US Gulf of Mexico oil producers have returned about 60,000 b/d back into service after about 35% of the Gulf’s oil and gas production was temporarily taken offline as Tropical Continue Reading
The OECD forecast that the pandemic will cause a global economic slump of 6% this year, based on a scenario of the virus continuing to recede. A second wave, which the Continue Reading
As the number of new coronavirus cases continues to increase worldwide, and more than a dozen states and Puerto Rico are recording their highest averages of new cases since the pandemic Continue Reading
The European Commission will open its first annual Eur1 billion ($1.1 billion) call to fund large-scale renewables, clean hydrogen, energy storage, and carbon capture and storage/use projects by the end Continue Reading
Crown Estate Scotland has launched the first round of offshore wind leasing in Scottish waters for a decade, with a draft target of up to 10 GW installed, it said Continue Reading
Oil dropped below $38 a barrel in New York as risky assets declined and Saudi Arabia said it would cease extra voluntary production cuts by the end of this month. Futures Continue Reading
Oil fell after moving past this weekend’s producer deal to extend supply cuts, with prices sliding on Saudi Arabia’s decision to end extra reductions. Futures in New York trimmed 3.4% Monday, Continue Reading
Expectations that the oil market will swing into deficit in July prompted HSBC to revise up its oil price forecasts for this year, with the U.S. benchmark WTI Crude projected Continue Reading
Oil prices have likely risen too fast too soon with the market focusing on supply cuts, while global oil demand may not return to pre-COVID-19 levels before the end of Continue Reading
The relief rally in oil may be coming to an end as oil market fundamentals are turning bearish once again and pointing to Brent Crude slipping back to $35 in Continue Reading
The World Bank said Monday the world is facing an unprecedented health and economic crisis that has spread with astonishing speed and will result in the largest shock the global Continue Reading
As New York city reopens Monday, California and some other states see coronavirus cases rise; a new poll reveals partisan divides over the pandemic; Brazil, a global hotspot for the Continue Reading
It may come as a shock to some, but crude oil wasn’t the worst-performing energy commodity in May. Judging by the headline space devoted to it, one would naturally assume Continue Reading
The forced oil production shutdowns and the extension of the generous OPEC+ voluntary cuts into July will not only balance the Covid-19-hit global crude and condensate demand, but are deep Continue Reading
Iran expects gas exports to Turkey to resume by mid-July at the latest, a senior Iranian gas official said June 7, following an explosion on a pipeline in Turkey that Continue Reading
Iraq’s new oil minister affirmed the country’s commitment to the OPEC+ deal in a phone call with the Saudi energy minister after failing to comply in the first month of Continue Reading
Saudi Arabia sees signs of “thriving” demand in the oil market after the collapse triggered by the pandemic, the kingdom’s oil minister said on Monday. Prince Abdulaziz bin Salman said Saudi Continue Reading
Saudi Arabia has instigated two oil price wars in the last decade and has lost both. Given its apparent inability to learn from its mistakes it may well instigate another Continue Reading
LISTEN TO ARTICLE 2:27 SHARE THIS ARTICLE Share Tweet Post Email Libya is to export crude produced at two of its largest oilfields again after they had been halted for Continue Reading
Turkish President Tayyip Erdogan said he discussed the conflict in Libya with U.S. President Donald Trump in a phone call on Monday and that the two leaders agreed on “some Continue Reading
After a brief hiatus following the signing of the Phase One Trade Agreement in January, tensions between Washington and Beijing have once again reached a fever pitch. The two countries Continue Reading
Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, has issued a tender to import a total of up to 24 million barrels of crude oil from the Continue Reading
The Coronavirus pandemic is devastating global demand for commodities such as oil and gas. China’s GDP fell by 6.8 percent during the first quarter, which is the first contraction since Continue Reading
China’s crude oil imports in May jumped to the highest in history ever, at 11.34 million bpd, customs data showed , confirming an earlier report by analytics firm OilX, which Continue Reading
The renewable power unit of Japan’s biggest utility plans to spend more than 2 trillion yen ($18 billion) over the next 10 years to boost its green generation by as Continue Reading
An apparent surge in traffic outside Wuhan hospitals from August 2019 may suggest the coronavirus hit the area earlier than reported, a study says. Harvard researchers say satellite images show Continue Reading
China’s independent refineries raised run rates to a fresh record high of 77.9% in May, with refining margins remaining thick throughout the month, according to S&P Global Platts calculations based Continue Reading
Scientists at Tokyo Institute of Technology (Tokyo Tech) have developed a hybrid material constructed from a metal oxide nanosheet and a light-absorbing molecule for splitting water molecules (H 2 O) Continue Reading
General Motors Co.’s top executive expects it will take decades for electric vehicles to take over as the dominant form of transportation but sees driverless cars on the road within Continue Reading
Natural Resources Canada confirmed June 7 it is developing a national hydrogen strategy, joining a number of countries in doing so. “We are seeking to identify opportunities for clean hydrogen Continue Reading
rts to Mexico are up sharply this month amid signs of looming demand growth from warming temperatures, a reopening economy and from Fermaca’s delayed Wahalajara pipeline system. Receive daily email Continue Reading
Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people Continue Reading
The U.S. has more than doubled its crude output over the last decade. Much of the growth is due to the Permian Basin of West Texas and New Mexico. WSJ Continue Reading
As rates of coronavirus infections ease in places such as New York and Illinois and onetime hot spots move into new phases of reopening, parts of the country that had previously Continue Reading
This satellite image shows Tropical Storm Cristobal as it moves inland over the southern part of the United States on Monday. (AFP/Getty Images/NOAA) GRAND ISLE, La. — Tropical Storm Cristobal Continue Reading
Britain is about to pass a significant landmark – at midnight on Wednesday it will have gone two full months without burning coal to generate power. A decade ago about Continue Reading
European refineries that were suspended due to the coronavirus are now restarting plants or units, as demand picks up, even though margins remain volatile. Receive daily email alerts, subscriber notes Continue Reading
Supermajor BP will cut 10,000 jobs, or around 15 percent of its workforce, as it looks to cut costs amid the oil price crash resulting from the coronavirus pandemic, chief Continue Reading
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high Continue Reading
Oil rose toward $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month. Brent futures added as much as 2.6% and Continue Reading
The international shipping industry has warned of a threat to global trade from a mounting crisis on board merchant vessels, with up to 400,000 crew stranded either at sea or Continue Reading
Coronavirus has exposed a lack of investment in the big batteries crucial to unlocking solar and wind power. A drop in energy demand caused by the pandemic has left European grids Continue Reading
Scientists have struggled for decades to explain a climate mystery as deep as the ocean. Oceans have absorbed almost 40% of carbon dioxide humanity has emitted from fossil fuels since 1750, considerably Continue Reading
Saudi Arabia’s export revenue was Riyal 197.84 billion ($52.69 billion) in Q1 2020, down 20.7% from the same quarter in 2019, mainly due to a 21.9% decline in oil export Continue Reading
Amirhossein Zamaninia, Iran’s deputy oil minister for trade and international affairs, was appointed the country’s OPEC governor, replacing the recently deceased Hossein Kazempour, the oil ministry’s news service Shana reported Continue Reading
Iraq on June 7 reported its May crude oil production was 4.213 million b/d, well above its OPEC+ quota, one day after it agreed to improve its compliance with historic Continue Reading
Libya’s largest oil field Sharara restarted production this weekend, after the 300,000 b/d site was shut-in for almost five months due to an oil blockade, stateowned National Oil Corp. said Continue Reading
Iraqi lawmakers on June 6 confirmed the appointment of Ihsan Ismael as the country’s new oil minister, according to local media. Receive daily email alerts, subscriber notes & personalize your Continue Reading
