U.S. Coal Production Crashes To 1978 Lows
U.S. coal production fell another 7% in 2019—the lowest amount of coal produced in the United States since 1978, during the national coal miners’ strike, according to the Energy Information Continue Reading
US energy secretary sees rising oil prices, economic recovery by 2021
Global oil prices will continue to inch up in the coming months, with Brent averaging $50/b by the second half of 2021 as inventories decline, US Secretary of Energy Dan Continue Reading
U.S. Consumer Confidence Retreats on Diminished Expectations
U.S. consumer confidence declined in July by more than forecast as Americans became rattled by the recent increase in Covid-19 cases and its impact on the economy and the job Continue Reading
The Permian Could See Record Gas Production In 2021
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
Gasoline Demand Rebound Seems to Sputter
A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across Continue Reading
U.S. shale producers, slammed by oil price crash, seen posting worst quarter since 2016
U.S. shale oil producers, whose weak returns in recent years had them out of favor with investors even before the coronavirus pandemic crushed oil prices and decimated production, are expected Continue Reading
Hundreds of Toxic Superfund Sites Imperiled by Sea-Level Rise, Study Warns
A new study by the Union of Concerned Scientists concludes that more than 800 hazardous Superfund sites near the Atlantic and Gulf coasts are at risk of flooding in the Continue Reading
E.P.A. Inspector General to Investigate Trump’s Biggest Climate Rollback
The Environmental Protection Agency’s internal watchdog said Monday it had opened an investigation into the agency’s weakening of Obama-era regulations that would have limited automobile emissions by significantly raising fuel Continue Reading
Russia’s Quick Fixes Won’t Solve Crimea’s Water Woes
Russia’s ongoing efforts to stretch Crimea’s dwindling water supplies will only slightly delay the need to permanently fix the region’s insufficient water resources by either funding expensive infrastructure overhauls, or Continue Reading
Poland Stumbles on Long and Winding Road to Coal-Free Future
Poland’s government started discussions with utilities and powerful mining unions about speeding up the country’s green transformation, only to hit the first hurdle within hours. Deputy Prime Minister Jacek Sasin’s Continue Reading
In Russia’s fast-warming Arctic, questions over Moscow’s big plans for the Far North
The smell of diesel was so overpowering that it made Vasily Ryabinin dizzy. That meant he was getting close. As an inspector from Russia’s environmental agency, Ryabinin went on his own Continue Reading
Iter: World’s largest nuclear fusion project begins assembly
The tokamak building at Iter will house the structure where fusion will be controlled The world’s biggest nuclear fusion project has entered its five-year assembly phase. After this is finished, Continue Reading
Europe’s Banks Reveal Fuller Picture of Coronavirus Impact
Meanwhile, Spanish lender Banco Santander SA reported a €12.6 billion charge in the second quarter after it re-evaluated goodwill associated with past acquisitions due to the deterioration in the economic Continue Reading
Kremlin accused of losing its touch as protests put Putin on back foot
If Russian President Vladimir Putin was hoping for a political honeymoon after successfully rewriting the country’s constitution to potentially give him two more terms in office, he was mistaken. Just Continue Reading
Crude oil futures steady to higher on a weaker US dollar
Crude oil futures were steady to higher during mid-morning trade in Asia July 28 as a weaker US dollar boosted risk appetites and provide support for the global crude complex. Continue Reading
Oil Prices for Jul. 28, 2020: Brent Crude, WTI
Oil edged lower on signs that market fundamentals are getting shakier, though there was broader support from the recent slide in the dollar. Futures in New York declined toward $41 a Continue Reading
Oil steady as U.S. stimulus hopes counter demand concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus cases across the globe. Brent Continue Reading
Oil Prices, Energy News and Analysis for July 27, 2020
Oil was propped up by a weaker dollar and stronger U.S. equities with speculation growing around the Federal Reserve reinforcing its dovish message. U.S. crude futures climbed 0.8% on Monday. Equities Continue Reading
Jet Fuel Crisis Will Hurt Oil Demand For Years To Come
A very slow recovery in jet fuel demand will drag on global oil demand for at least another two years as overall passenger traffic numbers continue to be low and Continue Reading
How One Oil Major Excelled As Prices Crashed
When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get rid of the huge supply overhang. Continue Reading
The Melting Artic: Witnessing Climate Change History
On a sparkling day on May 18, the nearly 300-meter-long tanker Christophe de Margerie set sail from the northern Russian port of Sabetta. Crossing the so-called Northern Sea Route in Continue Reading
End game for oil? OPEC prepares for an age of dwindling demand
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much Continue Reading
Lebanon Credit Rating Cut to Lowest Grade by Moody’s
Lebanon had its rating cut to the lowest grade by Moody’s Investors Service, which said that bond investors will likely suffer major losses on their holdings as the government struggles to Continue Reading
Torrential rains wreak destruction in Yemen, killing dozens
Flash floods have ravaged swaths of war-torn Yemen, leaving dozens dead and destroying thousands of homes, security officials and an aid group said Monday. At a time when Yemen is Continue Reading
China Signs Series Of Deals To Develop Supergiant Oilfield In Iran
Two key questions logically arise from last week’s announcement from Iran’s Petroleum Ministry that it has awarded a US$1.3 billion development deal to more than double oil production at the Continue Reading
Two protesters die after clashes with police in Baghdad, medics and security sources say
Clashes between Iraqi protesters and security forces in central Baghdad killed at least two demonstrators overnight, security and medical sources said on Monday. It was the first such deadly incident Continue Reading
Nigeria: As Covid-19 Delays Dangote Refinery – Oil Import Takes Toll On Earnings
The COVID-19 pandemic has affected the completion of the Dangote Refinery and also crippled a critical segment of the Ebute-Metta to Apapa segment of the Lagos to Ibadan rail project. Continue Reading
Russia’s Lukoil agrees to take 40% stake in RSSD project offshore Senegal
Russia’s Lukoil said July 27 that it has reached an agreement with Cairn Energy to take a 40% stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) project offshore Senegal Continue Reading
Modi stumbles: India’s deepening coronavirus crisis
Narendra Modi has cultivated a reputation for making dramatic decisions to respond to India’s complex policy challenges. Addressing the nation on primetime television about coronavirus on March 24, the prime Continue Reading
Man fatally shot in Venezuela gasoline protest; second such incident this month
A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human rights group said, less than two weeks after Continue Reading
Perfect Timing? China Announces Hydropower Megaprojects In Pakistan
Few global projects receive the same amount of praise and criticism as China’s Belt and Road Initiative (BRI) does. Regardless of one’s opinion, the BRI is President Xi’s signature foreign Continue Reading
In China, airlines plug ‘all you can fly’ deals to pierce coronavirus clouds
China Southern Airlines on Tuesday rolled out an ‘all you can fly’ pass, becoming the latest in a fleet of cash-strapped carriers to join a promotional craze that analysts say Continue Reading
China records biggest one-day rise in coronavirus cases since March
A record number of coronavirus infections in Xinjiang, the Chinese region where authorities have been accused of widespread human rights abuses, has prompted concerns the country faces another wave of Continue Reading
How the Harvard Covid-19 Study Became the Center of a Partisan Uproar
The shock of Covid-19 hit in different ways for Xiao Wu, a 27-year-old Ph.D. student in Harvard’s public health school, and his academic adviser, biostatistician Francesca Dominici. Wu, a former Continue Reading
Senate Republicans urge McConnell to include clean energy in COVID-19 recovery package
NC Senator Thom Tillis at the Keep America Great rally in Fayetteville, NC on 9/9/2019 Dive Brief: Seven Republican senators on Thursday sent a letter to Senate Majority Leader Mitch Continue Reading
China Says Worst of Flooding Still to Come as Situation ‘Severe’
China warned that the worst of the deluges that have led millions to be evacuated may be yet to come, after the third wave of floods formed in the upper Continue Reading
Microsoft And Halliburton Are Building The Oilfield Of The Future
The oilfield has historically been a place where brawny men, and mighty machines came together to bore holes deeply into the earth to wrest stores of oil and gas from Continue Reading
U.S. Oil Firms Wrote Down $48 Billion In Assets After Price Crash
Forty publicly traded U.S. oil producers wrote down a collective US$48 billion worth of the value of their assets in the first quarter of 2020, just after oil prices collapsed, Continue Reading
Trump Heads To Texas To Discuss U.S. Energy Dominance
President Donald Trump is visiting Texas this week, to raise money for the Republican Party and discuss the country’s energy-dominance agenda with the local oil industry. Trump’s energy agenda was Continue Reading
US GoM 2019 Summary: Part III – Production
Overall Annual Production US Gulf of Mexico C&C production has had a series of peaks; firstly two from shallow oil, the middle acceleration probably caused by the mid-seventies oil shock; Continue Reading
No One Is Owning Up to Releasing Cloud of Methane in Florida
It was 12 miles wide, invisible to the naked eye and traveled across six counties to Florida’s largest city. And it’s still unclear who — or what — was responsible. The Continue Reading
How The Fed Is Artificially Propping Up Oil Prices
Oil prices have stabilized at $40 per barrel, despite global oil demand remaining sharply below pre-pandemic levels. Everyone knows the significant role that OPEC+ has played in balancing the oil Continue Reading
LNG Industry Could Bring 100,000 Jobs To Canada
A new report by the Conference Board of Canada , and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 Continue Reading
Analysis: US crude stocks expected lower amid strengthened exports, refinery demand
US crude oil inventories likely declined in the week ended July 24 amid an expected uptick in refinery demand and stronger exports, an S&P Global Platts Analysis showed July 27. Continue Reading
Octillion marks 100,000 EVs on the road with its batteries, 2 billion km driven
Octillion Power Systems, a provider of advanced lithium-ion storage systems for electric mobility, announced it has reached two milestones: 100,000 electric vehicles worldwide powered by its batteries and 2 billion Continue Reading
Deutsche Bank tightens fossil fuel lending policies
Deutsche Bank ( DBKGn.DE ), said on Monday it would end business worldwide with the companies most exposed to coal mining by 2025 at the latest, as part of a Continue Reading
Oil Prices, Energy News and Analysis for July 27, 2020
Oil edged lower after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus Continue Reading
Crude oil futures lower on demand recovery concerns
Crude oil futures were slightly lower during mid-morning trade in Asia July 27 as concerns over recovery in oil demand resurfaced amid a resurgence in the number of COVID-19 cases Continue Reading
Demand Outlook Darkens
The demand outlook has darkened according to Standard Chartered. The demand outlook has darkened. That’s according to a new research note from financial services company Standard Chartered, which was sent Continue Reading
The Second Wave Of COVID Won’t Crush Oil Markets
As Covid-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now Continue Reading