India Water Crisis Forces Farmers to Rethink Their Crops
On a scorching summer day in northern India, Ajay Singh sat next to his water pump and scanned his 10 acres of farmland. He once used to grow rice each Continue Reading
Venezuela’s diesel suppliers urge US not to block shipments crucial to power supply
rump administration has cracked down on gasoline imports Venezuelan refiners not able to meet domestic diesel demand Diesel distributed within Venezuela for free, unlike gasoline Washington — Suppliers of Venezuela’s Continue Reading
The World’s Newest Oil Boom Is Facing A Major Problem
After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American country of Guyana has become a hotspot for Continue Reading
The last frontier: oil industry scales back exploration
Suriname may be one of the smallest countries in Latin America, with a population of fewer than 600,000 people, but off its coast lie potentially significant oil and gas deposits Continue Reading
Solar Surge Is Making Coal Plants Unprofitable in Top Exporter
Even the world’s top coal exporter is struggling to make money from burning the fuel. Australia’s coal power plants, which make up more than half of the nation’s generation mix, Continue Reading
China’s oil port congestion to stretch on as record imports strain facilities
Congestion at China’s east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another Continue Reading
China’s Wheat Imports Surge to Seven-Year High Amid Food Concern
China’s monthly wheat imports jumped to the highest in almost seven years in June, official customs data showed Thursday, as the world’s largest consumer of the grain seeks to increase Continue Reading
China evacuates thousands after floods threaten villages
China has evacuated thousands of residents after a landslide blocked a river and created a barrier lake that threatened to submerge neighbouring villages, as large parts of the country reeled Continue Reading
Tesla’s Smitten Customers Give Plug-In Challengers a Tough Road
The lineup of luxury brands that plan to challenge Tesla Inc.’s near-monopoly in electric-vehicle sales in the next couple of years have a problem. Tesla’s owners simply love their cars, according Continue Reading
Coronavirus Live Updates: G.O.P. Weighs Short-Term Extension of Weekly $600 Jobless Aid
Republicans weigh short-term jobless aid extension as they struggle to find consensus on a relief bill. Senate Republicans and White House officials are discussing proposing a short-term extension of enhanced Continue Reading
The Beginning Of The End For Gas Flaring
The Texas Railroad Commission last month surprised many: it said it would tighten the rules for gas flaring at oil fields later this year. Texas is certainly not the state Continue Reading
Texas Regulators Ask Washington To Act Against Saudi Oil Dumping In U.S.
The federal government should take steps against Saudi Arabia and Russia’s dumping of oil on the American market during the Covid-19 crisis, the chairman of the Texas Railroad Commission has Continue Reading
The Permian Creates Task Force To Protect US Shale From Market Manipulation
The Odessa Development Corporation (ODC) launched this week ‘The Permian Fuels America’ task force to protect the U.S. industry from oil market manipulation initiated by other countries, convince refiners to Continue Reading
States fight Trump water quality rule meant to clear energy project delays
A coalition of 21 attorneys general has filed suit in federal district court to block the Trump administration’s efforts to rein in state delays of energy infrastructure through their water Continue Reading
Tesla chooses Texas for new Cybertruck factory
Tesla will build its $1.1 billion Cybertruck factory near Austin, Texas, ending an intense competition with neighboring Oklahoma, the electric carmaker’s chief executive, Elon Musk, announced late on Wednesday. The Continue Reading
Who still needs the office? U.S. companies start cutting space
Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings Continue Reading
Aviation Chiefs Seek Tesla-Like Disruptor to Drive Clean-Up
The next breakthrough in aircraft design is likely to come from a “disruptor” rather than the two dominant planemakers, Boeing Co. and Airbus SE, according to one of the industry’s biggest customers. “I’m looking Continue Reading
Halliburton Looks Beyond Shale As Fracking Remains Unprofitable
Way back in January (it’s been a long year) Hallburton was already souring on shale. Way before the novel coronavirus put the final nail in the coffin of the West Continue Reading
China Says U.S. Ordered Abrupt Closure of Houston Consulate
China vowed retaliation after the U.S. forced the closure of its Houston consulate, in one of the biggest threats to diplomatic ties between the countries in decades. The U.S. government gave China Continue Reading
Summary of Weekly Petroleum Data for the week ending July 17, 2020
U.S. crude oil refinery inputs averaged 14.2 million barrels per day during the week ending July 17, 2020 which was 103,000 barrels per day less than the previous week’s average. Continue Reading
Covid Is Pushing Some Mass Transit Systems to the Brink
Riders are skittish. Cleaning costs are soaring. Some, like the Bay Area’s Caltrain system, face an existential crisis. Officials talked of shutting Caltrain after San Francisco supervisors last week declined Continue Reading
Russia Considers Emulating The World’s Largest Oil Hedge
Russia is considering whether to adopt a kind of state oil hedging program, similar to Mexico’s oil hedge, to protect government revenues from oil price crashes in the future, Russian Continue Reading
Is The EU’s Historic Green Stimulus Plan Ambitious Enough?
While the equity and oil markets cheered on Tuesday the historic deal that European Union leaders sealed to assist Europe’s recovery from the pandemic, European lawmakers, economists, and climate activists Continue Reading
Some 300,000 jobs in metal/electrical industry at risk due to coronavirus: union
The coronavirus crisis has put some 300,000 jobs at risk in Germany’s metal and electrical industry, a board member of trade union IG Metall said, adding that employees in the Continue Reading
Sweden’s Coronavirus Approach Doesn’t Pay Off for the Economy
Sweden and Norway took very different approaches to controlling Covid-19, with the latter swiftly adopting strict lockdown controls and ramping up testing, while the former attempted to combat the virus Continue Reading
Crude edges lower as surprise build in US crude stocks deflates rally
Crude oil futures edged lower in mid-morning trade in Asia July 22 after an unexpected build in US crude inventories derailed an overnight rally on COVID-19 vaccine hopes and a Continue Reading
Large And Unexpected Crude Build Halts Oil Rally
The American Petroleum Institute (API) estimated on Tuesday a build in crude oil inventories of 7.544 million barrels for the week ending July 17. Bulls were disappointed with the news, Continue Reading
Oil Prices Gain More Than 2%
Oil climbed to the highest level since early March in London as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities. Both Brent and West Continue Reading
March Non-OPEC Production Slides
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to March 2020. Continue Reading
Climate Change Poses ‘Systemic Threat’ to the Economy, Big Investors Warn
Climate change threatens to create turmoil in the financial markets, and the Federal Reserve and other regulators must act to avoid an economic disaster, according to a letter sent on Continue Reading
Green energy ratchets up power during coronavirus pandemic
Renewable power has taken up a record share of global electricity production since the onset of the coronavirus pandemic, according to a Reuters review of data, suggesting a transition away Continue Reading
Israel Moves To Capitalize On Massive Gas Reserves
The 2020 gas price crunch has substantially cooled down the hype around the Eastern Mediterranean’s recent discoveries in Egypt, Israel and Cyprus. Israel was the first EastMed nation to commission Continue Reading
Saudi Arabia Set To Burn Record Crude Oil Volumes For Electricity
Saudi Arabia could use this summer record amounts of crude oil for producing electricity as more Saudis would stay at home rather than travel on vacation abroad because of the Continue Reading
$40 Oil Isn’t Enough For Saudi Arabia
Despite the recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d, oil markets maintained their bullish sentiment over the past week as Brent was Continue Reading
Oil production not significantly impacted post-bankruptcy of US E&P companies
The combination of the oil price collapse and the coronavirus pandemic has decimated the industry in the first half of 2020 to a level where Exploration & Production (E&P) and Continue Reading
Ethiopian Leader Reports Progress in Talks With Egypt, Sudan Over Nile Dam
Ethiopia’s prime minister said negotiations on Tuesday with Egypt and Sudan had paved the way for an agreement over the country’s hydroelectric dam on one of the Nile River’s tributaries, Continue Reading
Ghana Power Producers Could Shut Plants Over $1.4 Billion Debt
Ghana’s independent power producers, which produce almost half of the country’s electricity, say they could stop supply over government debt that amounted to $1.4 billion as of June 30. The debt Continue Reading
New Delhi records higher Covid-19 infection rate than New York
New Delhi has reported one of the highest rates of coronavirus infection of any major city, surpassing a figure recorded in New York as nearly a quarter of people in Continue Reading
Worst Flooding in Decades Raises Concerns Over China’s Three Gorges Dam
The worst flooding in six decades in China is displacing millions and straining the Three Gorges Dam. WSJ’s Jonathan Cheng explains how the natural disaster is hampering the country’s efforts Continue Reading
Dam collapse in China could point to a ‘black swan’ disaster
The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in a collapse that could be a harbinger of sterner tests Continue Reading
China’s Oil Buying Spree May Be Coming To An End
While the rest of the world continues to struggle with fuel demand recovery in fits and starts, China has been a key factor in supporting oil prices as it breaks Continue Reading
Millions of Americans face financial shock as benefits set to lapse in days
Millions of Americans will start losing critical financial support in the coming days as Republicans in Washington decide whether they will extend enhanced federal unemployment benefits as part of the Continue Reading
How Joe Biden Can Make $2 Trillion Clean Power Climate Plan Work
Joe Biden’s long-anticipated climate plan landed this week, and it contained big promises designed to please some of the presumptive Democratic nominee for president’s key constituencies. After four years of borderline denialism and regulatory rollbacks Continue Reading
Suit: North Dakota refinery developer owes workers wages
Some current and former employees of a company developing an oil refinery near Theodore Roosevelt National Park in North Dakota filed a lawsuit claiming they are owed wages and bonuses. Continue Reading
Hurricane season begins to awaken as forecasters eye warm waters
The Atlantic Ocean is waking up as the calendar closes in on August, with at least two storm systems to watch and a third area of tropical moisture soaking the Continue Reading
Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes
Depressed global demand for liquefied natural gas (LNG) continues to drive buyers of U.S. LNG to cancel cargoes for loadings in September, sources in the industry told Reuters on Tuesday. Continue Reading
Another Major Bakken Pipeline Forced To Halt Operations
The high-profile case of the Dakota Access oil pipeline ordered shut earlier this month has overshadowed another legal dispute over a smaller pipeline carrying crude out of the Bakken shale Continue Reading
Study Envisions Up to 120,000 Well Reclamation Jobs
Orphaned and abandoned wells are those whose owners are unknown or insolvent. A federal program to plug nearly half a million orphaned and abandoned oil and gas wells could create Continue Reading
Prosecutor Seeks 8 Years Jail for Eni CEO on Bribe Charge
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal. The court should reach Continue Reading
Coal Demise Forces $1 Billion Writedown for Swedish Utility
Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish Continue Reading