The US Environmental Protection Agency’s Aug. 13 rollback of methane emissions limits on new oil and gas wells is expected to have limited production impact for now, given that it Continue Reading
Independent oil and gas producers did not have the best relationship with the Obama administration, but most industry executives seem uncertain about what effect a victory for former Vice President Continue Reading
Phillips 66, a diversified energy manufacturing and logistics company, plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels Continue Reading
Utility holding company Xcel Energy wants 1.5 million electric vehicles in its service areas by 2030. If realized, EVs would make up 20% of all vehicles on the road in Continue Reading
Volkswagen has begun expanding its Chattanooga factory to build a North American center for electric vehicles—not only for assembly, but for engineering the EVs of the future. To power those Continue Reading
Highlights South Hub off-peak real-time jumps 297.7% from June Wind generation falls to 19.5% of mix, behind coal, gas August package ended 17.3% below 2019 package Houston — After a Continue Reading
Another sign the Atlantic hurricane season, already on a record pace, will become more frenetic when it reaches its peak in a few weeks is all but locked into place Continue Reading
Offshore wind has the potential to become a major industry in the United States over the next decade, unlocking billions of U.S. dollars of investment and creating thousands of jobs. Continue Reading
Across Europe consumers are opting for domestic holidays and destinations reachable by car this summer, widening the chasm between recovery in jet and road fuel demand. According to traders, some Continue Reading
For the second quarter in a row, Northern Appalachia coal production in the second quarter fell to over a 25-year low, as the coronavirus pandemic led to a decrease in Continue Reading
Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. A key goal Continue Reading
Recent US Supreme Court precedent has opened the door for states to enact laws requiring all new cars sold in the state to be electric as of a certain date, Continue Reading
The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands. Better known Continue Reading
It was once seen as a potential lifeline to oil and gas companies struck hard by the coronavirus pandemic. But not many of them are grabbing it. Neither banks nor businesses Continue Reading
Germany’s economy is expected to expand strongly in the third quarter, but is set for a lengthy recovery process, according to a government report published on Friday. Gross domestic product will Continue Reading
Western Europe’s electric-vehicle sales pulled ahead of China’s last month after countries including Germany and France boosted government subsidies to stimulate demand that had been decimated by the pandemic. The roughly 500,000 Continue Reading
Russia’s Gazprom saw its international gas sales in the second quarter slide by 17% year on year to 44.9 Bcm, according to an analysis of data published late Aug. 13 Continue Reading
Crude oil futures were slightly lower in mid-morning trade in Asia on Aug. 13, as traders paused for fresh cues after an overnight rally on a larger-than-expected drawdown in US Continue Reading
Oil was steady near $43 a barrel after the International Energy Agency cut forecasts for global oil demand. Futures in New York edged higher though the agency reduced its estimates for almost every Continue Reading
Oil closed above a key technical level buoyed by U.S. energy data that suggest a much-awaited recovery in demand is underway as the summer driving season nears an end. Futures Continue Reading
The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced estimates for almost every quarter Continue Reading
The International Energy Agency has revised down its forecasts for oil consumption this year and next as a recovery in global demand slows. The Paris-based agency said global oil demand would Continue Reading
Global refinery crude intake is recovering but it lags behind the demand increase due to high inventories, the International Energy Agency said Aug. 13. In the second quarter, global refining Continue Reading
The International Energy Agency on Aug. 13 lowered its estimates for world oil demand this year and next, along with its estimate of the “call” on OPEC crude oil, due Continue Reading
The intensive-care units at the Salvador Zubirán hospital in Mexico City have been operating at full capacity for three straight months—their beds filled with unconscious Covid-19 patients, positioned face down Continue Reading
The basic facts about climate change have been clear for many decades: Burning fossil fuels produces carbon dioxide, which alters the chemical composition of the atmosphere and causes it to trap Continue Reading
No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global energy sector Continue Reading
This city roars in the summertime. You hear the generators on every street, shaking and shuddering to keep electric fans whirring as the air seems to shimmer in the heat. Iraq Continue Reading
Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on Wednesday, Continue Reading
Saudis staying home for vacation because of the COVID-19 pandemic are helping to boost demand for gasoline in Fujairah, where motor fuel exports jumped to a two-year high in July, Continue Reading
Autonomous-vehicle road testing has skidded to a halt in the U.S. amid the Covid-19 pandemic. But China’s startups have pushed ahead by more than doubling the number of self-driving car Continue Reading
More than half of the vessels are very large crude carriers, the workhorses of seaborne oil trade, which can move up to two million barrels each in a single sailing. Continue Reading
Beijing is on alert for flooding as China struggles with a series of severe weather events that are driving up food prices and threatening its economic recovery from coronavirus. The Beijing Continue Reading
A key supplier to Apple Inc. and a dozen other tech giants plans to split its supply chain between the Chinese market and the U.S., declaring that China’s time as factory 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
Lethal heatwaves, droughts, floods and typhoons will become more common in Asia-Pacific, which faces more severe potential impacts from climate change than many parts of the world, according to McKinsey & Continue Reading
Chinese President Xi stressed the need to maintain a sense of ‘crisis’ around food China has stepped up measures to reduce food waste, after President Xi Jinping called the amount Continue Reading
U.S. gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside but uncertainty lingers for the oil industry as driving season season approaches its Continue Reading
How much does climate change actually cost? It’s one of the more important questions, and also one of the more difficult ones. The reason often hinges on one word: attribution. It’s one Continue Reading
Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the third-fastest start to a storm season in more than a Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Monday’s derecho across the Corn Belt and Midwest laid siege to more than 10 million acres of Iowa’s corn and soybean crop, devastating farmers and capping off what has already Continue Reading
U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending August 7, 2020 which was 21,000 barrels per day more than the previous week’s average. Continue Reading
Four months ago, Congress approved the ambitious and unprecedented Paycheck Protection Program (PPP) as part of the $2 trillion pandemic rescue package, and now we’re starting to see the benefits Continue Reading
The United States shale revolution didn’t just transform West Texas, and it didn’t just transform the energy sector, and it didn’t just transform the entire U.S. economy. It was a Continue Reading
US crude inventory draws extended during the week ended Aug. 7, amid a down turn in production and rising exports, US Energy Information Administration data showed Aug. 12. Receive daily Continue Reading
Six former Environmental Protection Agency chiefs called Wednesday for a “reset” at the agency after President Donald Trump’s regulation-chopping, industry-minded first term, backing a detailed plan by former EPA staffers Continue Reading
The crude crash price and subsequent shut-ins across the Permian Basin in the second quarter of 2020 allowed multiple producers to reduce their associated gas flaring volumes, prompting state officials Continue Reading
Highlights NOAA predicting three-five major hurricanes in 2020 season Hurricane Harvey seen as testing virtual response Washington — Major oil and gas trade groups Aug. 12 expressed confidence in their Continue Reading
While many US oil and gas producers have slowed drilling activity to a bare minimum in response to low prices, operators holding federal permits have boosted activity ahead of a Continue Reading
