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Month: August 2020

Category:
  • Prices

Oil Climbs Above $43 With Demand Back in Focus After Storm Fades

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Crude futures rise amid US refinery startup delays in wake of hurricane

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Oil Supply

Fossil Fuels Are Here To Stay

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Libya

Libyans Gasp From Summer Heat as Civil War Shreds Power Grid

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

The World’s Top Oil Importer Is Turning Its Back On Saudi Arabia

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Iran

Iran Scales Back Religious Festival, but Some Rush to Holiday Destinations

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Reserves Grew in July From Lowest Level Since 2010

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco Oil and Gas Field Discoveries: Latest News on Reserves

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Africa

Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Angola

Angola Aims To Ramp Up Oil Production

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • India

Coronavirus: India surpasses US for highest single-day rise in Covid-19 cases

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • India

India’s COVID-19 cases top global rank as more of economy opens

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Russia
  • Venezuela

Covid: Venezuela seeks testers for Russian vaccine

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Venezuela

Covid-19 Forces 100,000 Venezuelan Migrants Back to Broken Country

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Hydrogen

Australia Looks To Take The Lead In The Hydrogen Boom

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • China

Survey: China manufacturing logs feeble growth in August

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Japan

JAPAN DATA: July crude imports tumble to lowest for month in 53 years amid pandemic

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Coal
  • International Oil Companies

Is Big Oil Doomed To Repeat The Coal Industry’s Mistakes?

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • California

Firefighters make headway against lightning-sparked California wildfires

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Shipping

Cruise industry’s billion-dollar question: what to do with the ships?

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Gulf Of Mexico

U.S. Gulf of Mexico oil output remains lower in wake of storm, data shows

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Aviation

Airline analysts warn ‘the hardest part’ is yet to come Uncertaint

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • BP

BP to Sell London Headquarters as Work Style Shifts: Times

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • United Kingdom
  • Wind

Britain Got its Cleanest Electricity Ever During Lockdown

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Electric Cars

Electric car costs to remain higher than traditional engines

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Electric Trucks

MAN introduces electric armored money transporter based on MAN eTGE

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

Posted On : 31 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Up for Fourth Straight Week

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Set for Weekly Gain With Refineries on the Mend After Laura

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Fall As Hurricane Fears Subside

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Natural Gas Supply
  • Prices

Stronger Henry Hub forward prices push up returns in major US dry gas plays

 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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Is A Major Oil Price Breakout On The Horizon?

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

The Collapse Of Oil Price Volatility

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

A Major Hurricane Capped Oil Output and Prices Barely Budged

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Oil Supply

Which Is The Better Investment: Big Oil Or Renewables?

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Syria

Saudi Troops Join U.S. Base In Oil-Rich Northern Syria

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Syria

ISIS Blamed For Syria Pipeline Attack

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Israel

How Natural Gas Changed Everything For Israel

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria’s Aliko Dangote, Africa’s Richest Man, Bets on a Vast Oil Refinery

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Prepares For An Extended Period Of Low Oil Prices

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • India

India Must Give Up Coal to Aid Climate Efforts, UN Chief Says

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • India

India coronavirus: India records highest one-day jump in new covid cases in the world

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Energy Storage
  • India

The Battery Breakthrough That Could Transform An Entire Industry

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Colombia

Colombia’s Oil Industry At Risk As National Security Crisis Worsens

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • China

China Sees Record-Breaking Electricity Consumption In August

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • USA

U.S. Consumer Spending Rose More Slowly in July

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil

The U.S. Oil Rig Count Slips Once Again

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Canada
  • Rare Earths

Canada Set To Build $23 Million Rare Earth Plant

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Hydrogen from Wind

Washington utility to install 5 MW electrolyzer to produce hydrogen

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Coal

Illinois Basin utility coal shipments fall 36.2% on year to 12.5 mil st in Q2

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

Posted On : 29 Aug 2020 Published By : Tom Whipple
Category:
  • Prices
  • USA

New Jersey Hikes Fuel Taxes

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

Posted On : 29 Aug 2020 Published By : Tom Whipple

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