Series of announced and unannounced Power load-shedding in different cities including Lahore has gone up amid scorching heat. According to the details, with the increase in the intensity of heat, Continue Reading
China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns over the broader implications for U.S. and global meat exports. Continue Reading
China’s crude oil stockpiles will likely extend the uptrend to hit a new record high in June as refinery feedstock imports outpace the rise in throughput levels, while storage availability Continue Reading
New daily cases have hit records in 12 states, and the White House acknowledges preparing for a fall wave. Peter Navarro, the White House director of trade and manufacturing policy, Continue Reading
The EV sector is looking to issue a ‘Battery Passport,’ which can be seen as a global quality seal and verification tool on a digital platform that will share value Continue Reading
The number of non-operational orphaned wells could skyrocket at a time when the oil industry is in danger of entering structural decline North Dakota regulators are currently seeking federal money Continue Reading
Don’t expect the oil price rout to trigger a wave of M&A activity any time soon. The last Big Oil M&A wave turned into a disaster for the acquiring companies. Continue Reading
Total wholesale power sales in the first quarter of 2020 came at 1.33 billion MWh, a decline of 4.2% from Q1 2019, according to data filed with the US Federal Continue Reading
A Siberian town with the world’s widest temperature range has recorded a new high amid a heat wave that is contributing to severe forest fires. The temperature in Verkhoyansk hit Continue Reading
In the first days of June 2020, the Greek industrial holding Mytilineos announced that it had concluded a long-term contract with Gazprom’s commercial arm. The onset of continuous US LNG Continue Reading
Highlights Sees Russian oil, gas companies cutting budgets by 10%-20% Does not see gas prices going negative for sustained period Moscow — The Russian energy ministry expects the average Urals Continue Reading
European shares slipped on Monday as signs of a resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis. Continue Reading
Oil turned around last week’s setback, extending a slow but relentless rise since falling into negative territory in April. U.S. benchmark crude futures rose 2.3% Friday to close at the highest level Continue Reading
Since March, several factors have helped drive the midstream recovery. The rebound in oil prices, aided by OPEC’s agreement to substantially curb oil output and then to extended those cuts Continue Reading
Oil prices have shrugged off concerns about rising coronavirus infections, with WTI hitting $40 per barrel in early trading on Friday, a three-month high Saudi Aramco is cutting hundreds of Continue Reading
Oil traders are giving OPEC+ the benefit of the doubt this week as prices soar to 3-month highs The second wave of COVID-19 in both Beijing and the U.S. is Continue Reading
Next year, and for the first time in history, renewable energy investment is set to outpace oil and gas investment Gasoline demand appears to be making a V-shaped recovery in Continue Reading
A record jump in U.S. retail sales offered some hope the world’s largest economy is emerging quickly from a deep recession, while demand is lagging behind an improvement in euro-area capacity. Here Continue Reading
When the global economy finally gets beyond the pandemic, expect it to be less globalized than before. Governments, including many longtime advocates of global trade, are using the crisis to Continue Reading
The global aviation industry is preparing to fly again. Heathrow Airport, one of the world’s biggest gateways, illustrates how hard that will be until governments decide how to allow overseas Continue Reading
Highlights Iraq, Kazakhstan submit plans to make up for overproduction OPEC+ still awaiting cut schedules from Nigeria, Angola Loading programs suggest cuts are in the works London — OPEC+ crude Continue Reading
Britain, France and Germany said on Friday they would not back U.S. efforts to unilaterally trigger the reimposition of United Nations sanctions on Iran, but said they wanted talks with Continue Reading
On the front lines, Iraq’s doctors are contracting the coronavirus by the hundreds, as a rising wave of infections threatens to crush the country’s health-care system. Medical staff who develop Continue Reading
The Chevron-led consortium that operates Kazakhstan’s largest oil field, Tengiz, is imposing production cuts in line with government legislation covering May-June and is not yet aware of additional restrictions for Continue Reading
China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week. The world’s top soybean importer Continue Reading
China’s crude oil imports in May jumped to the highest in history ever, at 11.34 million bpd. There is growing tanker congestion in the waters around Chinese oil ports as Continue Reading
In a parched and dusty patch of land in California’s central valley, a series of wells has been pumping out some of the state’s dirtiest crude oil. Almost a century after Continue Reading
Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand. Drillers idled 10 oil rigs in onshore U.S. Continue Reading
Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began Continue Reading
Three months after roads emptied amid the coronavirus outbreak, U.S. traffic has rebounded to about 90 percent of pre-pandemic levels as states lift more restrictions, “quarantine fatigue” continues to take a toll Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 13, to 266. Canada’s overall rig count fell this Continue Reading
The oil industry continues to struggle with some of the biggest names in the sector being forced to drastically cut costs Chesapeake faces the very real prospect of bankruptcy, having Continue Reading
U.S. imports of natural gas from Alberta to the western United States have dropped in recent months due to higher natural gas spot prices at the Alberta trading hub than Continue Reading
Troubling spikes in coronavirus infection rates were reported on Friday in several U.S. states, mainly in the South and West, a day before President Donald Trump was due to preside Continue Reading
Nord Stream 2 is now 93 percent complete and there is no realistic way that the project can be stopped Washington is still determined to delay the pipeline for as Continue Reading
Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, Continue Reading
Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand Continue Reading
Oil prices rose slightly on Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus Continue Reading
The three key container shipping alliances, 2M, Ocean Alliance, and THE alliance, have limited the damage from the collapse in global trade and buoyed freight rates through the first half Continue Reading
Plummeting carbon emissions and big government spending—two of the defining narratives of 2020 so far—could create an unprecedented opportunity for the world to meet the goals enshrined in the 2015 Continue Reading
A prolonged heatwave in Siberia is “undoubtedly alarming”, climate scientists have said. The freak temperatures have been linked to wildfires, a huge oil spill and a plague of tree-eating moths. Continue Reading
All OPEC charts below were taken from the latest OPEC Monthly Oil Market Report . All data is through May 2020 and is in thousand barrels per day. OPEC crude Continue Reading
OPEC+ emerged from its Joint Ministerial Monitoring Committee (JMMC) on Thursday confident that all members would reach their respective production quotas as laid out in the Declaration of Cooperation—eventually. The JMMC Continue Reading
ndia has taken an historic step towards ending the state monopoly on the mining and selling of coal by auctioning 41 mines in the country, a move that allows private companies Continue Reading
The widening scale of the coronavirus pandemic in Iraq is causing new disruptions to oil sector operations and is hurting the ability of security forces to respond to an intensifying insurgency. Continue Reading
Iranian Foreign Minister Mohammad Javad Zarif tweeted that “an agreeable solution is possible” for the United Nations nuclear watchdog’s request for access to two nuclear sites in the country. France, Continue Reading
Saudi Aramco , the world’s biggest oil exporter, has begun cutting hundreds of jobs as it looks to reduce costs after a slump in energy prices, according to people familiar Continue Reading
Low oil prices are forcing drillers to dramatically curtail risky exploration, especially in frontier regions such as Africa. The reality of crude’s slump fully hit the continent in May as Continue Reading
A last-ditch attempt to resolve a decade-long dispute between Egypt and Ethiopia over a huge new hydropower dam on the Nile has failed, raising the stakes in what – for Continue Reading
Nigeria and Royal Dutch Shell Plc have failed to implement most recommendations made by the United Nations to clean up oil pollution in the Niger River delta, according to a Continue Reading
