Iranian authorities are investigating a blaze that damaged seven ships at a southern Iranian port, the latest in a string of fires and explosions that have raised suspicions of coordinated Continue Reading
An oil tanker tied to a sanctioned Iranian individual and under arrest in UAE waters has recently left the UAE port in violation of a Prohibition to Sail notice and 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 with Continue Reading
Late last month, Basma al-Jahdali and her friends hit the shops in Saudi Arabia, eager to buy as much as they could, driven not by fear of coronavirus related shortages, Continue Reading
The dam’s construction, seen here in December 2019, began in 2011 A reservoir behind Ethiopia’s disputed Grand Renaissance dam on the River Nile has started filling with water – a Continue Reading
The Organisation of Petroleum Exporting Countries (OPEC) and its allied oil producers, known as OPEC+, yesterday insisted that defaulting countries, including Nigeria, must adhere to total compliance with the oil Continue Reading
Heavy flooding is worsening in parts of Bangladesh, with over 1 million villagers marooned or leaving their homes for higher ground along with their cattle and other belongings, officials and Continue Reading
Mexico’s state oil firm Pemex has the highest number of employees who have died of the coronavirus, according to Bloomberg estimates of company data and official statements. On Tuesday, Pemex Continue Reading
Delays in sanctioning the ExxonMobil-led Payara project offshore Guyana could result in a gap of more than $1.5 billion of revenues for the project partners and the country if startup Continue Reading
The US Department of the Treasury on July 15 again extended for three months an order preventing creditors of Venezuela’s state-owned oil company PDVSA from taking control of US refiner Continue Reading
The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty. Continue Reading
President Donald Trump is ready to roll back a foundational Nixon-era environmental law that he says stifles infrastructure projects, but that is credited with ensuring decades of scrutiny of major Continue Reading
In recent years, purchasing managers indexes have become important indicators of where the global economy might be heading. But in the current slowdown, where small businesses were some of the Continue Reading
While the U.S. deals with the novel coronavirus, racial injustice and a presidential campaign, tensions with China continue to unfold. WSJ’s Gerald F. Seib explains. Photo: Wang Zhao/Agence France-Presse/Getty Images Continue Reading
China may have amassed a debt pile of as much as $42 billion in renewable energy subsides that have still gone unpaid to solar and wind power capacity developers, Bloomberg Continue Reading
China’s economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more Continue Reading
China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted Continue Reading
Crude oil throughput at China’s domestic refineries jumped 9% year on year to an all-time-high of 14.14 million b/d in June, absorbing some of the record high imports for the Continue Reading
Joe Biden has won over some left-leaning parts of the Democratic coalition skeptical of his bid for president with a new climate plan. As Matt Viser and I report, the former Continue Reading
Oil jumped to a four-month high after U.S. President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions Continue Reading
Working from home and online shopping have become the new normal and that will reduce driving in the U.S. by up to 270 billion miles a year, according to new study. The Continue Reading
President Trump on Wednesday unilaterally weakened one of the nation’s bedrock conservation laws, the National Environmental Policy Act, limiting public review of federal infrastructure projects to speed up the permitting Continue Reading
Large-scale battery storage systems are increasingly being used across the power grid in the United States. In 2010, 7 battery storage systems accounted for only 59 megawatts (MW) of power Continue Reading
Nuclear power has high hopes of coming back as a serious competitor in the utility sector through nuclear fusion, but it’s been requiring massive investments and several more years of Continue Reading
The energy storage industry is booming. This is not new news — the up-and-coming sector has been on a swift upward trajectory for quite a while, but now there are Continue Reading
A U.S. Appeals Court ruled on Tuesday that the Dakota Access oil pipeline can continue to operate while the court considers whether the pipeline should be shut down as ordered Continue Reading
US crude oil inventories moved sharply lower in the week ended July 10 amid plunging imports and steady refinery demand, Energy Information Administration data showed July 15. Receive daily email Continue Reading
The DC Circuit Court of Appeals granted a temporary stay of the planned shutdown of the Dakota Access crude oil pipeline as part of an administrative action to give a Continue Reading
Working from home and online shopping have become the new normal and that will reduce driving in the U.S. by up to 270 billion miles a year, according to new Continue Reading
Democratic presidential candidate Joe Biden proposed a $2 trillion clean energy and climate change package on Tuesday, a plan that would overhaul transportation, electricity, and heavy industry. Some of the Continue Reading
The coronavirus has canceled business plans all over the world but Europe’s push into electric cars isn’t one of them. Sales of battery-powered and hybrid cars have held up better Continue Reading
Nord Stream 2, which will carry gas to Germany and central Europe, is being built by a company owned by Kremlin-controlled gas company Gazprom, but half the funding has been Continue Reading
It was the last of the large LNG projects that put Australia in the lead for global LNG exports. It was the biggest jewel in Shell’s LNG crown. But this Continue Reading
In a previous article , I analyzed the carbon footprint of producing hydrogen from fossil fuels. That is how over 95% of the world’s hydrogen is currently produced. To recap, Continue Reading
In a stark new finding, a study shows that six straight months of anomalously mild conditions in large parts of northern Siberia so far this year, along with an Arctic temperature record of 100.4 Continue Reading
By 2030 the production of hydrogen fuel by the electrolytic splitting of water—which can be carbon-free provided the electricity used in the process is produced by renewables—could become cost-competitive with Continue Reading
Crude oil futures were higher in mid-morning trade in Asia July 15 as an improved global demand outlook and OPEC+ compliance data lifted sentiment ahead of a meeting at which Continue Reading
Oil prices rose on Wednesday following a sharp drop in U.S. crude inventories, with the market waiting for next steps from a meeting later in the day on the future Continue Reading
Crude oil futures climbed higher amid improved global demand outlooks, but concerns that rising COVID-19 cases in the US could send more states into lockdown weighed on refined product prices Continue Reading
Oil demand is recovering. This has been the most important message from analysts for the energy industry over the past couple of weeks. OPEC+ is cutting production, and so are Continue Reading
Last May, Bernard Looney, the CEO of BP, said that “the coronavirus hit to crude consumption was likely to endure beyond the pandemic- and may have even ushered in “peak Continue Reading
The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand Continue Reading
After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage Continue Reading
Global emissions of methane, a greenhouse gas multiple times more potent than CO2, rose by 9% in the decade through 2017, putting Earth on a track to warm by more Continue Reading
In the first six months of 2020, henry hub natural gas prices averaged just $1.81/MMBtu, the lowest first half on record. – For the month of June, prices averaged $1.63/MMBtu, Continue Reading
All OPEC data below is from the July 2020 OPEC Monthly Oil Market Report . All OPEC data is through June 2020 and is in thousand barrels per day. All Continue Reading
OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy Continue Reading
OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening Continue Reading
OPEC+ is seeking extra production cuts from members that haven’t missed their targets again in June, potentially tempering the impact of the supply resumption planned by the wider coalition next Continue Reading
The resumption of crude oil imports from Iraq by Jordan announced last week by the Kingdom’s Energy Minister, Hala Zawati, will give Baghdad’s (and Tehran’s) beleaguered finances a much-needed boost Continue Reading
