The vast Arctic Siberia region, already warming faster than the rest of the world, experienced record heat and fires for the second straight year in June, adding to concerns of climate scientists. Average land temperatures last Continue Reading
The vast Arctic Siberia region, already warming faster than the rest of the world, experienced record heat and fires for the second straight year in June, adding to concerns of climate scientists. Average land temperatures last Continue Reading
Brent oil prices rose early on Monday after Saudi Arabia raised its oil price for a third consecutive month, signaling recovering demand. As of 9:26 a.m. EDT on Monday, Brent Continue Reading
Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end the blockade that has been Continue Reading
A massive explosion and fire at a highly sensitive Iranian nuclear facility last week was likely an act of sabotage, intelligence officials and weapons experts said Monday, but analysts were Continue Reading
Last August, Iran’s Foreign Minister, Mohammad Zarif, paid a visit to his China counterpart, Wang Li, to present a roadmap on a comprehensive 25-year China-Iran strategic partnership that built upon Continue Reading
Gunmen have recently killed eight workers from a firm subcontracted by France’s Total to work on its $20-billion liquefied natural gas (LNG) project in Mozambique, the subcontractor company said on Continue Reading
The Sendje Berge FPSO was attacked by pirates offshore Nigeria on July 2. BW Offshore has revealed that its FPSO Sendje Berge was attacked by pirates offshore Nigeria on July Continue Reading
India has deferred the resumption of international commercial flights until July 31 from its previous announcement of July 15 while also curtailing some domestic flights, marring the prospects of an Continue Reading
Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits Continue Reading
Brazil’s state-owned oil firm Petrobras aims to make better use of the associated natural gas in its prolific oil-rich pre-salt area by having offshore liquefied natural gas (LNG) units to Continue Reading
Highlights Province exported 19% of output in June Out of total exports, 60% went to the US Surge in exports comes as lockdown hurts local demand Buenos Aires — Producers Continue Reading
China’s crude oil imports in June hit a record high, according to a market analysis by OilX Research, in a sign that China’s thirst for crude oil is not being Continue Reading
The People’s Republic of China (PRC) seemed to be considering, by July 2020, whether to risk early military conflict as a means of moving its declining strategic fortunes back from Continue Reading
US crude oil inventories likely declined during the week ended July 3 amid an expected uptick in refinery demand and rising exports, analysts surveyed by S&P Global Platts said July Continue Reading
Here is a preview of issues to watch this week in the oil and gas markets. The $40 per barrel level for West Texas Intermediate crude oil could trigger an Continue Reading
Asian economies that appear to have a handle on the initial macroeconomic destruction caused by COVID-19 also happen to be prolific buyers of U.S. light sweet crude. The near-term economic Continue Reading
A senior Federal Reserve official has warned that the rebound in the world’s largest economy is in danger of stalling as a result of the recent spike in coronavirus infections Continue Reading
Dominion Energy’s decision to sell its gas business to Berkshire Hathaway for $9.7 billion illustrates the enormous challenges US utilities face in meeting daunting state clean energy goals. Dominion is Continue Reading
In a preemptive move, a group backed by the Colorado oil and gas industry is pursuing a ballot initiative meant to prevent local governments from banning the use of natural Continue Reading
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
A judge on Monday ordered the Dakota Access pipeline shut down for additional environmental review more than three years after it began pumping oil — handing a victory to the Continue Reading
The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the Continue Reading
A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and Continue Reading
U.S. crude futures edged lower with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery. As coronavirus infections rise across much of the U.S., major Continue Reading
On particularly cold winter days, the vast majority of the U.K.’s energy comes from burning natural gas. That arrangement will have to change radically—and soon—if the country is to hit Continue Reading
For a country that prides itself on its clean, green image, Germany’s power sector is remarkably dirty. Despite having the third-largest installed base of wind and solar power after China and the Continue Reading
Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group’s chief executive Ben van Beurden told Dutch business newspaper Het Financieele Continue Reading
Hydrogen and carbon capture and storage are likely to feature prominently at an online gathering of more than 40 government ministers and industry chiefs hosted by the International Energy Agency Continue Reading
Denmark has approved a request from the developer of the Nord Stream 2 gas pipeline from Russia to Germany for permission to lay the line in Danish waters using ships Continue Reading
Hyundai Motor Company shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the first mass-produced fuel cell heavy-duty truck, to Switzerland. ( Earlier post .) The company plans Continue Reading
The European Union’s executive forecasts that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that Continue Reading
The coronavirus has ripped through Poland’s coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75% of the nation’s electrical Continue Reading
Oil refineries are struggling as the worst demand-crash in decades cascades through the industry, leaving plants around the world at risk of closure. Demand for fuel remains depressed and stockpiles are Continue Reading
Crude oil futures were mixed during mid-morning trade in Asia July 6 as the market awaits for fresh drivers to kick start the week. Not registered? Receive daily email alerts, Continue Reading
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained 1.3% in London to near the Continue Reading
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in Continue Reading
Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings Continue Reading
Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the United States Continue Reading
Migrant workers—from Polish farmhands working the fields of southern France to Filipino cruise-ship workers in the Caribbean—who lost their jobs because of the pandemic’s economic impact are running out of Continue Reading
The coronavirus is finding new victims worldwide, in bars and restaurants, offices, markets and casinos, giving rise to frightening clusters of infection that increasingly confirm what many scientists have been Continue Reading
Tehran has built underground “missile cities” along the Gulf coastline, Iran’s Revolutionary Guards Navy chief said on Sunday, warning of a “nightmare for Iran’s enemies”. “Iran has established underground onshore Continue Reading
Iran said a fire that broke out at its Natanz nuclear facility last week had caused “significant damage” to a building that was used to develop advanced centrifuges. A number of Continue Reading
Libya will export two oil cargoes totaling 1.2 million barrels in July — a third less than in June — as forces opposed to the Tripoli-based government continue to block Continue Reading
An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Continue Reading
Iran’s Atomic Energy Organisation released a photo purportedly showing the damaged building A fire that broke out on Thursday at a key Iranian nuclear facility has caused “significant damage”, a Continue Reading
The rosy future of the offshore East Mediterranean (East-Med) gas boom is in jeopardy. The current COVID-related economic downturn, combined with the dramatic drop in demand for oil and gas Continue Reading
We are now at a crossroads in Libya where a military solution is temporarily off the table, as factions and their external allies wrangle over oil revenues–the distribution of which Continue Reading
First, they said it nicely: play along and cut to your quotas, or we’ll all suffer low oil prices for longer. Then they put their foot down: start cutting deeper Continue Reading
The Houthi rebels in Yemen claim they have sent a team to repair an oil tanker full of 1 million barrels of oil sitting off the Yemeni coast for five Continue Reading
