Oil rose above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued. West Texas Continue Reading
Crude oil prices were higher in mid-morning trade in Asia Aug. 31 on expectations of continuing supply disruptions in the US Gulf Coast in the wake of Hurricane Laura. At Continue Reading
Following energy news these days is exciting: there is so much about new batteries, more efficient solar panels, cheaper wind energy, and dozens of EV models coming to a market Continue Reading
Summers in the Libyan capital can be brutal, and this one is the worst in memory. As temperatures in Tripoli breach 40 degrees Celsius (104 Fahrenheit), unrelenting power failures leave Continue Reading
In recent months, the world’s biggest oil exporter, Saudi Arabia, has lost market share in China to the United States as the world’s top oil importer has boosted imports from Continue Reading
Iran on Sunday allowed thousands of its Shia faithful to gather for one of the Islamic sect’s most important religious holidays, the latest attempt on the part of leaders to Continue Reading
Saudi Arabia’s net foreign assets rose slightly in July even as crude prices lingering below $50 a barrel kept the coffers of the world’s largest oil exporter under pressure. The Continue Reading
Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman. Gas has started Continue Reading
Confronting a climate crisis that threatens the fossil fuel industry, oil companies are racing to make more plastic. But they face two problems: Many markets are already awash with plastic, Continue Reading
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a new energy Continue Reading
The nation, the world’s third-most infected, on Sunday reported 78,761 new cases in 24 hours, passing the number posted in the US on 17 July. The rise comes as the Continue Reading
India reported 78,512 novel coronavirus infections on Monday, more than any other country but fewer than the previous day when it posted the world’s biggest, single-day tally, as authorities looked Continue Reading
Earlier this month, President Maduro said he would be the first to get vaccinated Venezuela’s President Nicolás Maduro has announced he will be asking for volunteers to test the Covid-19 Continue Reading
Haggard and hungry, Nelson Torrelles took a midmorning breather at a truck stop after walking for hours with his wife and 5-year-old daughter along a Colombian highway leading back to Continue Reading
Over the past decade, the European Union has widely been viewed as being ahead of the renewables curve, and it recently-launched new hydrogen strategy has only served to cement its Continue Reading
China’s manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday. The Continue Reading
Japan’s crude oil imports during the peak summer demand season in July tumbled to their lowest level for the month in more than five decades, a stern reminder to major Continue Reading
Until this year, alarmists proclaiming the end of oil were often dismissed as crackpots or overly optimistic environmentalists. But the spread of the novel coronavirus and its unprecedented disruption of Continue Reading
California fire officials on Sunday reported significant headway battling the two largest of dozens of lightning-sparked blazes raging in and around the greater San Francisco Bay area since mid-August, though Continue Reading
The English seaside resort of Weymouth is in the heart of the Jurassic coast, an almost 100-mile stretch of shoreline renowned for its fossils. But this summer the region’s geology Continue Reading
U.S. Gulf of Mexico crude oil output remained down 70%, or 1.29 million barrels per day, according to data released on Sunday by the Department of Interior, as companies continued Continue Reading
Airlines are struggling through their worst crisis since the first commercial service began flying passengers just over 100 years ago. In the past week alone, US carrier American Airlines said it Continue Reading
BP Plc plans to sell its headquarters in central London as it cuts jobs and adopts flexible working, The Times reported on Sunday. The oil major, which employs 6,500 office Continue Reading
As wind, solar and biomass plants produced more power than ever in the second quarter, carbon emissions fell by a third from a year earlier, according to Drax Electric Insight’s Continue Reading
Electric cars will remain significantly more expensive for European carmakers to produce than combustion engine models for at least a decade, according to new research. Data compiled by consultancy Oliver Wyman Continue Reading
MAN handed over the world’s first electrically powered armored money transporter to the international security service provider Prosegur at the beginning of August. The MAN eTGE electric van ( earlier Continue Reading
Oil rose for a fourth week in a row as U.S. Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm toward the Continue Reading
Oil flipped between gains and losses on Friday with the market weighing renewed appetite from U.S. Gulf Coast plants restarting after Hurricane Laura against a pandemic dimming the prospects for Continue Reading
Oil prices retreated on Friday morning as it became clear that the damage caused by hurricane Laura was not as bad as markets had expected For Global Energy Alert members Continue Reading
The Henry Hub 12-month forward curve has increased by more than 40 cents over the last month to $2.88/MMBtu, propelling multiple gas plays to boast internal rates of return per Continue Reading
U.S. West Texas Intermediate crude oil futures are trading slightly better on Friday as Hurricane Laura moved beyond the heart of the U.S. oil industry in Louisiana and Texas without Continue Reading
1. Oil volatility collapses – For two months, the oil market has been incredibly boring. Brent futures have not moved more than $1 per barrel in either direction over a Continue Reading
Looking at the oil market over the past week, it would be hard to tell that the strongest hurricane in more than a century tore through the Gulf of Mexico Continue Reading
The COVID-19 pandemic has shot holes in every industry on the planet, but in particular, the energy industry. It has highlighted our shortcomings and our failures to move beyond fossil Continue Reading
Twenty Saudi soldiers arrived this week at a U.S. military base close to an oilfield in northeastern Syria, according to Iranian media , which cite a report from a Lebanon-based Continue Reading
ISIS is believed to have been behind a major attack on Syria’s energy infrastructure earlier this week that caused a nationwide blackout following an explosion at the Arab Gas Pipeline. Continue Reading
Gas Gave Israel Geopolitical Leverage. That Changes Everything The Mediterranean is about to become an even bigger fossil fuels minefield in the coming weeks as Israel has ratified the underwater Continue Reading
On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, Continue Reading
Nigeria is preparing for an extended period of low oil prices, Muhammadu Buhari, the president of the biggest oil producer in Africa, said at an energy event on Friday. Nigeria Continue Reading
ndia must stop building coal infrastructure and focus on renewable power generation to aid the global fight against climate change and lift its citizens out of poverty, United Nations Secretary-General Continue Reading
It took more than five months for India to reach the bleak milestone of 1 million cases of the novel coronavirus. The next million came in just 21 days. The third Continue Reading
A team of researchers in India has introduced an eco-friendly and energy-efficient battery that is being touted as “the future” of batteries — not only for the automobile world but Continue Reading
In a surprise move roughly one month ago Colombia’s Supreme Court ordered the house arrest of former President Àlvaro Uribe after allegations of witness tampering. The considerable controversy this has Continue Reading
China’s electricity consumption hit a record this month after rising steadily since the start of summer, the People’s Daily reported , noting that the trend suggested a robust recovery in Continue Reading
Analysts and economists are paying close attention to monthly retail sales numbers as a way to gauge how the economy may be recovering from the impact of the coronavirus pandemic. Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 3 to 180, after rising last week for the first time since January. Continue Reading
Canada will have rare earth processing plant in operation by the end of 2022 as the province of Saskatchewan has committed C$31 million (about $24m) to build the facility , Continue Reading
A Washington state public utility has recently purchased an electrolyzer to produce hydrogen using excess hydropower. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Douglas Continue Reading
Illinois Basin second-quarter deliveries to coal-fired power plants totaled 12.5 million st, down 36.2% from the year-ago quarter, US Energy Information Administration 9-23 data showed Aug. 27. Receive daily email Continue Reading
New Jersey’s gasoline tax will rise 22%, to 50.7 cents per gallon, to maintain a revenue stream for road and rail projects amid a massive drop in fuel consumption. Diesel Continue Reading
