Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the Continue Reading
Electricity consumption around the world is growing faster than the population, with consumption per capita rising, the U.S. Energy Information Administration (EIA) said on Monday. According to EIA’s International Energy Continue Reading
Although the coronavirus crisis has slowed down clean energy investments and installations, renewable energy and green technologies have the chance to emerge as the winners in the post-COVID-19 world. Undoubtedly, Continue Reading
Oil-production limits adopted by a group of major crude suppliers will soon bring prices back to “normal,” according to the oil minister from the United Arab Emirates. When energy markets Continue Reading
Few markets have been hit harder by coronavirus than United States shale. While global oil prices as a whole have taken quite a beating from a fall in oil demand, Continue Reading
Faster oil market rebalancing could present OPEC and other producers with an opportunity to ramp production in 2021, the International Energy Agency said in its latest monthly report, as it Continue Reading
The head of the United Nations’ atomic watchdog agency said Monday that Iran must provide inspectors access to sites where the country is thought to have stored or used undeclared Continue Reading
Iraq’s government has approached international oil companies operating some of its largest oilfields to reduce production further and they have agreed, Reuters reports , citing an unnamed source from the Continue Reading
Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported , buying over 2 billion shares Continue Reading
Production cuts and falling exports move Iraq closer to OPEC-plus quota compliance. Flares burn at the North Rumaila oil field on June 6, 2020. (JASSIM AL-JABIRI/Iraq Oil Report) BASRA – Continue Reading
From the moment Iraq’s new prime minister stepped off the Iraqi Army MI-17 helicopter for a tour of Mosul, the city most damaged by the Islamic State’s takeover in 2014, Continue Reading
When Daniel Khan Mbuh died in a hospital in northern Cameroon, the hospital declared the cause of death to be Covid-19 — then released the body to the family instead Continue Reading
New York — Better margins have US Atlantic Coast refiners buying more Bakken, as exports of the North Dakota crude appear to have tapered off and the grade’s discount widened, Continue Reading
The American Petroleum Institute has asked the US government to urge Mexico to uphold its commitments to the United States-Mexico-Canada Agreement and to stop discrimination against US companies in Mexico’s Continue Reading
Beijing banned high-risk people from leaving the Chinese capital and halted some transportation services on Tuesday to stop the spread of a fresh coronavirus outbreak to other cities and provinces. Continue Reading
The number of coronavirus infections in Indonesia exceeded 40,000 with the emergence of new hot spots amid a ramp-up in testing and contact tracing to contain the pandemic. The world’s fourth-most Continue Reading
Beijing is ramping up mass testing to determine whether a new coronavirus outbreak in the city warrants the same strict lockdown that shut down large swathes of the world’s second-biggest Continue Reading
China will likely ease the pressure on local governments to shut older, inefficient coal mines as it seeks to meet rising demand of the most-polluting fuel to spur its economic Continue Reading
Saudi Arabia’s oil giant Aramco has cut the crude oil shipments loading in July to at least five of its customers in Asia, Reuters reported on Monday, quoting sources familiar Continue Reading
The Supreme Court removed a legal barrier to the construction of an $8 billion pipeline that would deliver natural gas from West Virginia, ruling the project could run under a Continue Reading
Should you Zoom or FaceTime? How about a Houseparty? Amid social distancing, in-person events have been replaced by pixels on a screen. WSJ’s Nicole Nguyen offers tips for navigating the Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Canada’s government has been perhaps surprisingly ready to help the country’s ailing oil industry. Interest-only loans , backstopping loans that troubled companies can’t pay have been among the steps taken Continue Reading
Rebounding associated gas production in the Permian Basin has been weighing on balance-of-summer prices at Waha recently as forwards markets reevaluate the outlook for Texas’ supply-demand fundamentals. Through June 15, Continue Reading
US crude inventories are expected to have fallen last week amid weather-related Gulf of Mexico production losses and a drop in imports, an S&P Global Platts analysis showed June 15. Continue Reading
Depressed global demand and low prices to blame Outlook suggests summer trend could spread to fall The biggest US LNG export terminal saw its lowest utilization in 16 months as Continue Reading
US shale oil production will slip to 7.632 million b/d in July, down 93,000 b/d from June and the lowest in two years, the US Energy Information Administration said June Continue Reading
U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops Continue Reading
The National Weather Service’s forecast for precipitation through June 20. (Pivotal Weather) An upper-level “cutoff” low is seen swirling over the eastern United States on June 15 in this water Continue Reading
Oil production from the seven most prolific U.S. shale basins will fall to 7.632 million barrels per day, the Energy Information Administration said on Monday in its latest edition of Continue Reading
BP Plc will make the biggest writedown on the value of its business since the Deepwater Horizon disaster a decade ago, as the coronavirus pandemic hurts long-term oil demand and Continue Reading
BP PLC is writing down as much as $17.5 billion of its assets and might leave some of its oil and gas in the ground because of lower energy prices Continue Reading
Decarbonization and the energy transition used to be a topic for environmentalists and leftist politicians. Not so long ago photovoltaic cells and wind turbines were produced on a limited scale. Continue Reading
About 64,500 more people than usual have died in the United Kingdom during this year’s coronavirus pandemic, an expert from the Office for National Statistics said on Tuesday. “Across the Continue Reading
The U.K. aims to drive down greenhouse gas emissions from aviation to make carbon-free transatlantic flights possible within a generation, Transport Secretary Grant Shapps said on Friday. Shapps said he has Continue Reading
Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery. Futures Continue Reading
Stock futures and international indexes fell, as investors questioned whether fresh outbreaks of the new coronavirus could hold back global economic recovery. S&P 500 stock futures fell about 3% and Continue Reading
Fears that the second wave of COVID-19 infections is underway sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such Continue Reading
As poor countries around the world struggle to beat back the coronavirus, they are unintentionally contributing to fresh explosions of illness and death from other diseases — ones that are Continue Reading
Hydrogen power has been on the market for decades but has never really been able to break the glass ceiling of mass-market appeal, mainly due to a host of technical Continue Reading
Iraq has asked BP Plc to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a Continue Reading
Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC. For the time being, the Organization of Continue Reading
Iraq, OPEC’s second-largest oil producer, expects to export 2.8 million b/d of crude oil in June as it seeks to firmly commit to the OPEC+ cuts after it failed to Continue Reading
Egypt, Sudan and Ethiopia on Sunday said talks would continue later this week to resolve their dispute over a Nile dam Ethiopia is constructing, even as Cairo accused Addis Ababa Continue Reading
After weeks with almost no new coronavirus infections, Beijing has recorded dozens of new cases in recent days, all linked to a major wholesale food market, raising concerns about a Continue Reading
Several districts of the Chinese capital set up security checkpoints, closed schools and ordered people to be tested for the novel coronavirus on Monday after an unexpected spike of cases Continue Reading
An official gauge of unemployment in Chinese cities showed a slight fall to 5.9% in May, a tick down from April’s 6.0% figure and a further improvement after the national Continue Reading
Half of Beijing’s districts reported new coronavirus cases on Monday in the country’s most serious upsurge in infections for months. Authorities announced that 79 people had been hospitalised and there Continue Reading
Security guards at a residential area under restrictions near Yuquan East Market in Beijing Beijing has recorded 36 new locally-transmitted coronavirus cases, amid fears of a second wave in the Continue Reading
Singapore — Crude oil throughput at China’s domestic refineries further recovered to 13.69 million b/d, jumping 8.2% year on year, to post the first uptick since the coronavirus outbreak, the Continue Reading
