India reported a record 9,887 new coronavirus cases in one day on Saturday and overtook Italy as the world’s sixth-biggest outbreak, two days before the relaxing of lockdown with the Continue Reading
The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the Continue Reading
China is advising its citizens not to visit Australia, citing racial discrimination and violence against Asians, in what appears to be Beijing’s latest attempt to punish the country for advocating Continue Reading
China has required the three biggest state-held oil corporations to transfer the management of half of their liquefied natural gas (LNG) terminals to the newly created state-controlled midstream firm, Caixin Continue Reading
America’s labor market defied forecasts for a Depression-style surge in unemployment, signaling the economy is picking up faster than anticipated from the coronavirus-inflicted recession amid reopenings and government stimulus. A broad Continue Reading
Last month was the warmest May on record, with some parts of Siberia, Alaska and Antarctica registering unusually high temperatures, according to the Copernicus Climate Change Service. Global temperatures were 0.63 Continue Reading
US oil production is set to shoot higher, as shale producers eyeing Opec’s move to support prices are poised to reactivate wells only a few weeks after shutting them. Output could Continue Reading
The Trump administration is doing by fiat what it has struggled to accomplish through lengthy rulemaking — dismantling federal regulations designed to protect workers, consumers, investors and the environment. Invoking Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 17, falling to 284, with the total oil and Continue Reading
Highlights Gulf producers shut 545,000 b/d and 601 MMcf/d ahead of Cristobal About 10% of US Gulf platforms evacuated US Gulf crude production estimated to fall to 1.6 million b/d Continue Reading
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
Canada is the top energy trade partner of the United States and was the largest source of American energy imports last year, the U.S. Energy Information Administration (EIA) said on Continue Reading
The California Energy Commission has released a UC Irvine roadmap for the buildout and deployment of renewable hydrogen production plants in California to support policy decisions and inform stakeholders. The Continue Reading
A Russian safety watchdog warned a subsidiary of mining giant Norilsk Nickel in 2017-2018 about dozens of violations at a fuel site in the Arctic where a huge leak of Continue Reading
Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers Continue Reading
Following a massive 20,000-ton diesel oil spill last week in the Ambarnaya River, which eventually feeds into the Arctic Ocean, Russian President Vladimir Putin has declared a state of emergency Continue Reading
Oil headed for a sixth weekly gain after OPEC+ reached a tentative agreement to prolong its record production cuts. Brent crude was back above $40 a barrel, while futures in New Continue Reading
Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to Continue Reading
The oil markets have been enjoying a period of sustained rally, thanks to a stream of positive factors including somewhat successful compliance to agreed production cuts , a partial rebound Continue Reading
WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those Continue Reading
The coronavirus pandemic’s economic downturn may have set off a sudden plunge in global greenhouse gas emissions, but another crucial metric for determining the severity of global warming — the amount Continue Reading
The $1 trillion container shipping industry is in a slowdown. Literally. Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking Continue Reading
OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such Continue Reading
Ever since OPEC teamed with Russia and other allies in late 2016 to tackle a global oil glut through production cuts, Iraq has been a reluctant participant, repeatedly flouting its Continue Reading
The Earth is warming and disturbing the balance of the seasons. Data makes it clear that summers are expanding while winters are substantially shortening. I recently completed an analysis that examined Continue Reading
It took no time for countries under quarantine to see energy use plummet, and with it, pollution levels. But even as citizens of Los Angeles and Jalandhar exuberantly posted photos of the Continue Reading
OPEC is in negotiations with its members to find the best way forward, but talks appear to have stalled over one laggard, Iraq, which has failed to live up to Continue Reading
TRIPOLI (Reuters) – Forces loyal to Libya’s internationally recognised government captured the last major stronghold of eastern commander Khalifa Haftar near Tripoli on Friday, capping the sudden collapse of his Continue Reading
With shortage of major petroleum products aggravating with none of more than 80 oil companies maintaining the mandatory stocks, the authorities — both in the petroleum division and petroleum regulator Continue Reading
China’s crude oil imports jumped by 13 percent from April to near record-highs of 11.11 million bpd in May, due to favorable spreads of the Shanghai-traded yuan-denominated oil futures and Continue Reading
The Trump administration aims to speed federal approval of energy pipelines, mines, highways and other infrastructure by asserting that a national “economic emergency” warrants that agencies waive long-standing environmental rules, Continue Reading
China completed the construction of a 22.6 billion yuan ($3.17 billion) ultra-high voltage electricity line that for the first time will transport only clean energy. It’s the first UHV line in Continue Reading
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace Continue Reading
The oil price and demand crash in April resulted in Canada’s energy exports plunging by the most on record, with crude oil exports plummeting by 55.1 percent, Statistics Canada said Continue Reading
Exxon will likely make the final investment decision for its Mozambique LNG project next year, Reuters reports , citing the country’s National Petroleum Institute. The supermajor postponed the FID on Continue Reading
The US oil and gas rig count fell 22 in the week ended June 3 to 311, rig data provider Enervus said, as oil-focused rigs continue to be pulled from Continue Reading
The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll Continue Reading
A bipartisan group of senators is trying to make it easier for farmers and forest managers to make money from reducing greenhouse gas emissions from their land. A new legislative proposal Continue Reading
The German economy has passed the trough of its coronavirus recession and is starting to grow again, the Bundesbank said, endorsing the government’s sweeping fiscal stimulus that should underpin the Continue Reading
Russia’s Energy Minister Alexander Novak is predicting a shortage in the oil market next month, Ifax reported on Thursday. Novak said that the global oil markets could see a shortfall Continue Reading
A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by Continue Reading
Crude oil futures were trading lower in mid-morning trade in Asia on June 4 as uncertainty crept up on the market amid reports that OPEC+ talks were bogged down over Continue Reading
The stock rally fed by bets on a speedy global economic recovery from the pandemic paused for breath on Thursday as equities struggled in Europe and Asia. The dollar strengthened Continue Reading
Oil closed at the highest level since early March, buoyed by optimism that OPEC+ will rebalance the market. But the rally could turn on what happens at the alliance’s June Continue Reading
Oil ended slightly higher on Wednesday but remained below the session’s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale Continue Reading
Congratulations. You’ve done everything humanly possible to cut carbon dioxide—to zero. But what if even that won’t be enough? It’s one of the most uncomfortable realizations in climate research. Inertia Continue Reading
The leaders of OPEC+ gave fellow members an ultimatum: stop cheating on oil-output quotas or the strict measures that have revived oil prices may start to be phased out. Saudi Continue Reading
When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a Continue Reading
(Reuters) – Iran’s president warned the public on Wednesday that restrictions may have to be reimposed to fight the coronavirus if the country is hit by a second wave of Continue Reading
Libya’s internationally recognized government recaptured Tripoli’s main airport on Wednesday, all but driving an eastern commander’s forces from the capital ahead of what appeared to be moves towards talks on Continue Reading
