China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data Continue Reading
China has approved the merger of two of Shandong province’s top state-owned coal miners, Shandong Energy Group and Yankuang Group, a decision that effectively creates a new top company in Continue Reading
State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters . Continue Reading
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a Continue Reading
Even with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to pre-coronavirus levels as they shifted Continue Reading
Shale explorers parked more drilling rigs in the U.S. this week as stagnant oil prices push the industry to extend a historic retrenchment. The number of active oil rigs in U.S. Continue Reading
California’s grid operator is warning of possible rolling blackouts and calling on the state’s utilities to start cutting power to some customers. On late Friday, the California Independent System Operator declared a Continue Reading
Less than two hours after Kamala Harris was named Joe Biden’s running mate, President Donald Trump had cast the California Democrat as an oil industry and fracking foe. “She is against Continue Reading
PARIS (AP) — New flareups of COVID-19 are disrupting the peak summer vacation season across much of Europe, where authorities in some countries are reimposing restrictions on travelers, closing nightclubs Continue Reading
Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue Continue Reading
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck. The Federal Reserve reported Friday Continue Reading
Baker Hughes reported on Friday that the number of combined oil and gas rig count in the US fell yet again this week by 3, to 244, as the pandemic Continue Reading
Participants in the US jet fuel market expect to see little change in demand for the fuel through September, with reports from the second quarter suggesting recovery has decelerated amid Continue Reading
California’s grid operator is warning of possible rolling blackouts and calling on the state’s utilities to start cutting power to some customers. On late Friday, the California Independent System Operator declared a Continue Reading
Natural gas prices spiked on Friday by nearly 9%, even as the weekly storage report showed little movement. Natural gas prices hit $2.367 by 2:26 pm EDT, an increase of Continue Reading
The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess pipeline capacity as the coronavirus pandemic crippled global demand, and new long-haul Continue Reading
North Dakota oil and natural gas production increased slightly in June, marking the end of a three-month free fall as the state lost drilling rigs and crews in response to Continue Reading
A team of Brown University researchers has fine-tuned a copper catalyst to produce complex hydrocarbons—C 2+ products—from CO 2 with high efficiency. An open-access paper on the work is published Continue Reading
The hostile U.S. position on the Gazprom-led Nord Stream 2 pipeline project is a breach of international law, according to the majority of EU members, German daily Die Welt reported Continue Reading
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply. Two Continue Reading
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. Continue Reading
Oil prices eased on Thursday after the International Energy Agency lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus, but resilience in equities markets Continue Reading
The International Energy Agency expects crude oil demand this year to be 8.1 million bpd lower than it was in 2019, a downward demand forecast revision of 140,000 bpd, the Continue Reading
Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects Continue Reading
The global lithium-ion cell manufacturing capacity pipeline could rise fourfold to reach 1.3 terawatt-hours (TWh) in 2030 compared to 2019, a new report by Wood Mackenzie states. This total capacity Continue Reading
Global shipping markets are struggling to resume normal trade operations as the coronavirus-induced restrictions on seafarers takes toll on logistics chains, threatening earnings prospects and ramping up freight as well Continue Reading
The OPEC+ Joint Ministerial Monitoring Committee has pushed back its next online meeting by a day to Aug. 19, due to a request from Russia, according to officials. The committee, Continue Reading
The OPEC+ panels will not be discussing next week any revisions of the ongoing production cut pact and are not expected to make any major decisions to tweak the deal, Continue Reading
Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said on Wednesday, as part of the government’s efforts to boost state coffers hit by U.S. sanctions Continue Reading
Libya’s National Oil Corporation (NOC) has warned of worsening blackouts in eastern Libya due to a months-long blockade of oil and gas facilities. Blackouts and power cuts have been common Continue Reading
Iranian forces boarded a small tanker in international waters for several hours, serving the world a reminder of tensions in the region that flared up last year and embroiled merchant Continue Reading
President Emmanuel Macron ordered French forces to the Eastern Mediterranean to provide military assistance to Greece, raising the stakes in France’s growing regional confrontation against an increasingly assertive Turkey. France’s Continue Reading
Turkish President Recep Tayyip Erdogan alleged on Thursday that its oil and gas exploration vessel, the Oruç Reis, has come under attack, according to Turkish state media , in what Continue Reading
Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source Continue Reading
Negotiators from Iraq’s federal government and semi-autonomous Kurdistan Regional Government (KRG) are seeking a breakthrough revenue-sharing deal by pursuing a compromise on long-standing disputes over border crossings — a shift Continue Reading
Fighters linked to Islamic State took control of a northern Mozambican port town that’s been a key logistics link for a $23 billion natural-gas project being built by Total SE, Continue Reading
Amid strained relations between India and China, Indian state-held oil firms have stopped chartering China-owned or flagged tankers for import or export of oil and oil products, Bloomberg reported on Continue Reading
Venezuela’s oil exports – which have dropped significantly over the past year because of the U.S. sanctions – are suffering another blow these days: the quality of the crude loaded Continue Reading
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country that sits atop the world’s largest crude oil reserves. Continue Reading
A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global Continue Reading
Japan’s pandemic-hit economy shrank last quarter by the most in records going back to 1955, official data is set to show Monday, with a resurgence of the virus threatening to Continue Reading
Consumption in China slumped in July for the seventh consecutive month, as a reluctance among households to spend on goods and services casts doubts over the country’s economic recovery. Retail Continue Reading
China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory Continue Reading
In Chongqing’s ramshackle neighborhood of Old Street, down by the Yangtze River, shopkeeper Liu cleans up the mess from last month’s floods. She lines up dozens of pairs of sodden, Continue Reading
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data Continue Reading
Speaking to the Texas Oil & Gas Association in July, Chevron Corp. Chief Executive Officer Mike Wirth assured his audience that the global clamor for clean energy “doesn’t mean the end of Continue Reading
The state of Michigan and some private partners are taking steps toward building or assigning dedicated lanes for automated vehicles on a 40-mile (65-kilometer) stretch of highway between Detroit and Continue Reading
American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an Continue Reading
More than 50 million Americans have filed for unemployment since the start of the pandemic, overwhelming some states. WSJ visits an unemployment processing event in Ardmore, Okla., to hear from Continue Reading
