The UK has called for an end to the oil blockade in Libya and reaffirmed its support for state-owned oil producer National Oil Corp. as the only independent entity in Continue Reading
Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing to recover from its coronavirus-triggered collapse. The move comes Continue Reading
France’s growing spat with Turkey over the Libyan civil war has exposed cracks in the Nato military alliance and raised questions over what Paris is seeking to achieve in the Continue Reading
Iran on Sunday instituted mandatory mask-wearing as fears mount over newly spiking reported deaths from the coronavirus, even as its public increasingly shrugs off the danger of the COVID-19 illness Continue Reading
As COVID-19 bashes economies and demand for oil plummets, is this a moment to think green – or pump faster? As the COVID-19 pandemic bashes economies and demand for oil, Continue Reading
India has over-taken Russia with the world’s third-highest number of novel coronavirus cases, at nearly 700,000, according to the latest data, as the outbreak shows no sign of slowing. Health Continue Reading
Citigroup Inc. sharply lowered its forecast for India’s economy as the coronavirus pandemic shows no sign of slowing. The nation’s gross domestic product will contract 6% in the fiscal year Continue Reading
A Chinese coal industry group halted publication of a daily consumption index that was widely used as a real-time indicator of the nation’s economic health. Accurate and timely data is key to Continue Reading
Global stock markets and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local Continue Reading
A herdsman in Inner Mongolia was confirmed to be infected with bubonic plague, Chinese health officials said, a reminder of how even as the world battles a pandemic caused by Continue Reading
A bubonic plague smear, prepared from a lymph removed from an adenopathic lymph node of a plague patient Authorities in China have stepped up precautions after a city in the Continue Reading
The recent turnaround in oil market sentiment was to a large extent due to China showing signs of demand recovering back to normalcy. May 2020 witnessed the highest-ever level of Continue Reading
Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s trade deal—with energy emerging as the biggest Continue Reading
Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. Continue Reading
The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil fuel conduits in the U.S. Continue Reading
According to government data from the Bureau of Labor Statistics, oil and gas extraction businesses shed 1,200 jobs last month. Including other categories associated with the sector – such as Continue Reading
Lithium-ion batteries have proven to be a key link in global supply chains, placing these unassuming electronics at the crux of the future of electric vehicle markets around the world. Continue Reading
Dominion Energy is canceling the 604-mile, 1.5 Bcf/d Atlantic Coast Pipeline project amid continued litigation hurdles, and it intends to sell substantially all of its gas transmission and storage assets Continue Reading
The Independence Day weekend concluded with dire predictions about the surge of coronavirus cases around the country and with national and local officials saying a rush to reopen fueled the spread Continue Reading
Six years ago, Canadian oilfield services firm Calfrac Well Services ( CFW.TO ) commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion. But by last month, Continue Reading
In the panorama of renewable energy technologies, hydrogen’s potential is seen in several sectors. It is what the IEA calls an ‘integration’ technology. It promises to play a cross-sectoral role Continue Reading
The COVID-induced recession that has brought oil and gas prices down to levels that are painful enough for most if not all major producers. In Russia the crisis has hit Continue Reading
The International Energy Agency (IEA) created the Hydrogen Technology Collaboration Program (TCP) in October 1977. Since then, the multilateral mechanism has worked on more than 40 R&D&D and analysis tasks, Continue Reading
German factory orders rose less than expected in May even after authorities loosened the coronavirus lockdown, highlighting how difficult it will be to repair the pandemic’s damage. Orders rose 10.4% in Continue Reading
U.S. futures and European stocks dropped on Friday as investors mulled a reported conflict among policy makers over a stimulus package for the single-currency region, as well as political upheaval Continue Reading
Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend. As of 9:20 Continue Reading
Oil prices hit four-month highs this week, but bearish sentiment quickly snapped back into place and halted the rally. For Global Energy Alert members there are now two new free Continue Reading
Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly Continue Reading
One big question emerging from the pandemic is whether it will speed up the global shift away from oil. Life under lockdown gave a taste of a world that burns Continue Reading
Gulf economies will experience a combined contraction of 7.6 percent this year because of the oil price crash, a senior IMF official has forecast. This is a sharp downward revision Continue Reading
Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD (United Nations Conference on Trade and Development), to Continue Reading
Dozens of U.S. diplomats and their families are leaving Saudi Arabia this weekend amid a surge in new coronavirus cases, drawing into focus the kingdom’s struggle in containing the outbreak Continue Reading
A raid ordered by Iraq’s new prime minister on militiamen accused of planning an attack against Baghdad’s international zone could mark a turning point in his government’s efforts to bring Continue Reading
Total exports fall to 3.083 million b/d in June Both federal, Kurdistan exports sharply lower Production may be nearing OPEC+ quota Iraq’s crude oil exports, including from the Kurdistan region, Continue Reading
Iran said it was looking at possible sabotage following recent blasts at several key Iranian sites, including the country’s main nuclear facility, a senior official said Friday, deepening the mystery Continue Reading
Iranian investigators have found the “main cause” of a fire that tore through a building at the country’s biggest uranium enrichment facility on Thursday but won’t yet release details, the Continue Reading
Iran will retaliate against any country that carries out cyber attacks on its nuclear sites, the head of civilian defence said, after a fire at its Natanz plant which some Continue Reading
Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Continue Reading
Multiple cargoes carrying US crude oil arrived in Chinese waters in June as independent refiners resumed North American oil purchases in recent trading cycles, but the ongoing port congestion has Continue Reading
People in Beijing rushed to buy train and plane tickets out of the Chinese capital after the local government began easing travel restrictions for the first time since an outbreak Continue Reading
Economic activity is gathering momentum in China, a raft of survey data showed this week, the latest sign that Beijing’s uncompromising approach to tackling the coronavirus pandemic is starting to Continue Reading
The most prevalent strain of influenza spreading among pigs in China has sparked concern among scientists, who say it has certain properties that give it pandemic potential. Chief among them: The virus Continue Reading
It’s the beginning of the end for the era of mega-dam building in China. China Three Gorges Corp. on Monday turned on the first set of generators at the massive Wudongde hydropower Continue Reading
Chinese independent refineries’ June crude imports edged down 0.5% to 4.4 million b/d, or 18 million mt, in June from the record high of 4.42 million b/d in May as Continue Reading
The delivery of a gas turbine doesn’t normally make the news. But the Siemens 9000HL model that arrived last week to the Keadby2 combined-cycle power plant in the U.K. is something special. Weighing in at just Continue Reading
The June unemployment rate of 11.1 percent, down from a peak of 14.7 percent in April , reflects a continuing, cautious economic recovery. What those numbers don’t show is an Continue Reading
The oil price collapse has taken its toll on mergers and acquisitions (M&A) across the U.S. oil and gas industry as companies preserve cash in these highly uncertain times. The Continue Reading
All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM . At the end, an analysis of three different Continue Reading
Baker Hughes Co. reported Thursday that the U.S. rotary rig count decreased by two drilling units this week. Baker Hughes Co. reported Thursday that the U.S. rotary rig count decreased Continue Reading
President Trump boasted at a news conference Thursday that the economy is “roaring back” after another better-than-expected jobs report. The Dow also popped about 400 points after the Labor Department Continue Reading
