The coronavirus pandemic may have put many investment plans on hold, but it has also highlighted the global drive to sustainable living in energy-efficient cities. COVID-19 and the economic slowdown Continue Reading
OPEC+ agreed on Wednesday to ease its self-imposed production cuts starting next month as the global economy slowly awakens from its deep Covid-19 slumber. The organization has been curtailing output Continue Reading
The recovery in global oil demand looks like it’s going to be slower than expected, as a resurgence in Covid-19 cases forces the re-imposition of lockdowns. All three of the Continue Reading
How can an electric car be called “Green” when it contains more than 700 pounds of plastic?? Electric vehicle (EV) manufacturers are using more plastic to lower the weight of Continue Reading
In this brief note, I examine the distances traveled by flying and driving in the United States in March and April 2020—the first two months of the current pandemic—and compare Continue Reading
A Rystad Energy analysis projects the number of oil and gas wells drilled globally will approach 55,350 this year. A Rystad Energy analysis projects the number of oil and gas Continue Reading
An oil-trading billionaire and an Olympic gold medalist who helped equip racing boats with underwater wings that make them fly above the waves—revolutionizing the sport of sailing—are now betting the Continue Reading
When the European Union recently announced large-scale hydrogen production plans as part of its green energy future, many in the solar, wind, and natural gas industry rejoiced. But there is Continue Reading
Why haven’t biofuels taken off? For years they have been touted as the fuel of the future, with high-profile commercial aircraft making headlines for pioneering all-biofuel international flights and promising Continue Reading
The Middle East is making progress in cutting natural gas flaring even as the wider region including North Africa, as well as the US, is showing no sign of a Continue Reading
Iranian security forces fired tear gas on Thursday to disperse demonstrators gathered in the southwestern city of Behbahan, witnesses told Reuters, and there was a heavy presence of forces in Continue Reading
Iraq is the rare country that imports gas but also burns natural gas from oil wells into the air. The wasted gas is enough to power 3 million homes. Burning Continue Reading
Iraq is cutting its oil exports as it seeks to achieve full compliance with its oil production quota under the OPEC+ agreement, Bloomberg has reported , citing unnamed sources from Continue Reading
Saudi Arabia’s crude oil exports plunged to a nine-year low in May as the historic OPEC+ cuts began, according to data released July 16 by the Joint Organisations Data Initiative. Continue Reading
Satellite images of Africa’s biggest hydropower project show a reservoir flooding with water from heavy rainfall in recent weeks, adding to tensions that risk spilling into open conflict. The photos Continue Reading
India’s push toward embracing hydrogen is gaining speed as some of the country’s top energy companies, such as Indian Oil Corp., Reliance Industries and Adani Group, are increasingly highlighting the Continue Reading
Oil production has been in steady decline for much of the past two decades in Indonesia, but the state aims to reverse this trend and achieve a production target of Continue Reading
After some good news for oil exporters from China, there is now even better news about oil demand from the world’s top importer: Chinese refineries processed a record-high amount of Continue Reading
Large parts of central and eastern China were reeling on Friday from the worst floods in decades, as disruption mounted for key supply chains, including crucial personal protective equipment for Continue Reading
Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many thought was Continue Reading
Is it a pause, or something more profound? Either way, China’s crude purchases are stuttering, helping to put the oil price rally on hold. At least for now. While the world’s Continue Reading
More than a million Americans sought unemployment benefits last week, indicating that companies are cutting more jobs as the resurgent coronavirus scythes through the Sunbelt and some of the nation’s Continue Reading
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney Continue Reading
Due to the price and demand crash in the second quarter, Canada’s oil production slumped to 4.4 million barrels per day (bpd) in May – the lowest output since the Continue Reading
Highlights Oil rigs up by 10 to 202, gas rigs fall 1 to 86 Most large basins tick up one or two rigs But lower activity continues in the Permian Continue Reading
The US Bureau of Land Management’s rationale behind canceling the bulk of Obama administration-era regulations of methane from oil and natural gas sources on public lands was “wholly inadequate,” a Continue Reading
Coal exports out of the terminals in the Hampton Roads region in Virginia were at a three-year low at 1.55 million st in June, down 26.3% from 2.1 million st Continue Reading
The midstream oil sector enters the earnings season for one of the toughest quarters in the industry’s history as its struggles to manage lower crude volumes, project delays, and wary Continue Reading
Joe Biden’s $2 trillion plan to revive the economy would rely on boosting jobs in clean energy, and would accelerate the effort to shift to carbon-free electricity. Biden’s energy and infrastructure program Continue Reading
The United States reported more than 75,600 new cases on Thursday, a single-day record. India ranks third in the world in both total cases and new ones, and its rate Continue Reading
The American consumer came back last month, with retail sales increasing 7.5 percent from May as stores reopened in warm weather, shoppers shook off lockdown fatigue and the federal government Continue Reading
Some of us knew from the beginning that Donald Trump wasn’t up to the job of being president, that he wouldn’t be able to deal with a crisis that wasn’t of Continue Reading
US natural gas stocks increased nearly 20 Bcf less than the five-year average due to year-to-date high gas-fired power demand, but the NYMEX Henry Hub balance-of-summer strip remained relatively static Continue Reading
The six giant U.S. banks that just cut $35 billion from their profits to brace for a tsunami of souring loans also offered this confession: They don’t really know how Continue Reading
California’s three investor-owned utilities have released the results of a study called for by the California Public Utilities Commission to assess the “effective load carrying capability” of various energy technologies—in other words, how Continue Reading
The U.S. economic recovery showed signs of plateauing last week as the country battled rising coronavirus case counts and an increasingly fractured government response, according to data from a broad Continue Reading
California’s three investor-owned utilities have released the results of a study called for by the California Public Utilities Commission to assess the “effective load carrying capability” of various energy technologies—in other words, how Continue Reading
The oil and gas sector is not thrilled with several parts of Joe Biden’s new climate plan. Petroleum industry representatives are arguing the former vice president’s plan to mandate a Continue Reading
Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will Continue Reading
Europe has remained in the global forefront when it comes to willingly ceasing hydrocarbon exploration and extraction, fueled by a tangible political intent to make its energy mix greener and Continue Reading
The recent detention of journalists and critics of Russian President Vladimir Putin is stirring concerns that authorities are launching a new wave of attacks on opposition figures. Since Mr. Putin Continue Reading
Global oil demand will recover significantly next month, climbing to be within 10% of the level that the world saw prior to the coronavirus pandemic, Russia Energy Minister Alexander Novak Continue Reading
Oil retreated from its highest close in four months after the OPEC+ alliance confirmed it would start tapering output cuts from next month. Futures in New York dropped below $41 a barrel. Continue Reading
Crude oil futures were steady to lower in mid-morning trade in Asia July 16 after a sharp drop in US crude inventories supported prices overnight, even as OPEC+ agreed to Continue Reading
Oil prices rose nearly 2% on Wednesday after a favorable U.S. inventory report from the Energy Information Administration (EIA), an OPEC agreement to taper the production cuts, and assurances from Continue Reading
The pandemic is this year’s big unknown for the global oil markets and the global economy. The oil market is unlikely to be completely out of the woods in four Continue Reading
Researchers at the University of Washington’s Institute for Health Metrics and Evaluation have warned that the planet is not prepared for an ongoing global population crash, and that the impact Continue Reading
Methane leaks from oil and gas production are one of the culprits behind increased methane emissions over the decade from 2007 to 2017, two new studies cited by Reuters have Continue Reading
LONDON (Reuters) – A group of the world’s top oil companies, including Saudi Aramco, China’s CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse Continue Reading
An alliance of crude producers led by Saudi Arabia agreed on Wednesday to increase oil production starting in August, officials in the group said, amid signs that demand is recovering Continue Reading
