US gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside. (Bloomberg) — U.S. gasoline consumption recovered last week to where it stood just 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
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
The U.S. reported nearly 56,000 new coronavirus cases, the highest daily tally in four days, as communities around the country face decisions on whether to reopen schools in the fall. Continue Reading
Nationwide, 200,000 more people have died than usual since March. This number is about 60,000 higher than the number of deaths that have been directly linked to the coronavirus. As the pandemic has moved Continue Reading
Complete electrification and close to 100 percent renewable energy generation: this is a vision of the United States 15 years from now. According to the visionaries, this objective is completely Continue Reading
Canada must slash the greenhouse gas emissions from its oil production in order to lure companies back to investing in increasing oil and gas production and expanding projects, Natural Resources Continue Reading
Natural gas storage inventories in the US Southeast continue building this month as the potential for a truncated regional injection season looms large over a recent price rally at the Continue Reading
US permits for new horizontal drilling in oil basins fell to a 10-year monthly low in July, Rystad Energy reported Tuesday. U.S. permits for new horizontal drilling in oil basins Continue Reading
Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as Continue Reading
Russia’s health minister (l) has rejected widespread scepticism over the vaccine programme Russia has dismissed mounting international concern over the safety of its locally developed Covid-19 vaccine as “absolutely groundless”. Continue Reading
BP plans the most massive downsizing of office locations and properties in its history amid remote work and office job cuts, the Guardian reported on Wednesday, citing senior officials and Continue Reading
Nearly 6% of people in England were likely infected with COVID-19 during the peak of the pandemic, researchers studying the prevalence of infections said on Thursday, millions more people than Continue Reading
European battery makers are gearing up to take advantage of massive “green” stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian Continue Reading
The official numbers were published Wednesday, and they are officially ugly. The British economy has plunged into a record-shattering recession, shrinking by a fifth in the second quarter and posting Continue Reading
Crude oil futures were slightly higher in mid-morning trade in Asia on Aug. 12 as American Petroleum Institute data released late Aug. 11 showed a larger-than-expected decline in US commercial Continue Reading
Oil climbed to near a five-month high after an industry report pointed to a third straight weekly drop in American crude stockpiles. Futures in New York rose past $42 a barrel Continue Reading
Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.401 million barrels for the week ending August 7. Analysts had predicted a modest inventory Continue Reading
Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus package to relieve the U.S. economy as coronavirus cases increased Continue Reading
August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns coming in negative in Continue Reading
A researcher uses a spectroradiometer to measure the amount of sunlight reflected from the surface of ice and melt ponds in the Chukchi Sea. Credit: NASA/Kathryn Hansen The thickening atmospheric Continue Reading
From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as Continue Reading
Stockpiles of oil products at Fujairah on the UAE’s east coast continued to decline for the seventh week in a row, further eroding inventories that had climbed to a record Continue Reading
When Turkey’s ruling Justice and Development Party (AKP) took power at the beginning of the century, the principle that got hold of the country’s foreign policy was called ‘ zero Continue Reading
The closure of oil ports in the Gulf of Sirte is the main reason for the power outages in eastern Libya, the National Oil Corporation (NOC) says. “By closing the Continue Reading
The road from Kampala, the capital of Uganda, to Jinja, the site of Africa’s first electric bus factory, was packed with cars on a July morning. The traffic crawled. Breathing hurt your throat. Continue Reading
Nigeria’s full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Indian equities declined, halting their longest run of gains in three weeks, as economic growth concerns resurfaced amid a steady increase in new infections. The S&P BSE Sensex fell 0.4% Continue Reading
Surging diesel prices may be squeezing farmers across India’s vast hinterlands, but they’re also kindling the nation’s knack for improvisation. Frugal workarounds, or hacks in modern parlance, are celebrated in Indian Continue Reading
A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when Continue Reading
Few U.S. companies doing business in China view President Donald Trump’s Phase 1 trade deal as being worth the cost of tariffs incurred over a two-year trade war, a new Continue Reading
Smartphone shipments in China plunged 35% in July compared with a year earlier, government data released on Tuesday shows. The numbers suggest handset demand in China remains weak despite indications Continue Reading
China’s CATL, a Tesla supplier, said on Wednesday it is working on a new technology that will allow battery cells to be integrated with an electric car’s chassis, shedding traditional Continue Reading
When Chinese diplomats began spreading conspiracy theories in March suggesting that the US army had brought coronavirus to China , the claims looked set to derail an already acrimonious relationship Continue Reading
China continues to expand its influence in the Middle East through oil and infrastructure deals, and the latest deal with ADNOC is a great example of how Beijing looks to Continue Reading
The New South Wales government approved the eastern Australian state’s first hydrogen gas facility on Aug. 12 that could potentially supply gas to greater Sydney by 2025. Receive daily email Continue Reading
Joe Biden has won the backing of one of the nation’s largest, oldest and most influential environmental organizations — the Sierra Club. Ramón Cruz, the Oakland-based green group’s president, said in Continue Reading
U.S. producer prices increased by the most in more than 1-1/2 years in July, but the overall trend in producer inflation remained subdued amid signs the economy’s recovery from the Continue Reading
A worker looks at a fallen tree and power lines in Queens, New York, on Aug. 7. Hurricane Isaias, which left millions without power in the Northeast, is expected to Continue Reading
The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because mitigation and reopening efforts related to the 2019 novel coronavirus disease (COVID-19) continue to evolve. Reduced economic activity Continue Reading
U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there in the first place is Continue Reading
U.S. refiners are feeling the pinch not only from the lower fuel demand, but also from the surging costs for complying with the biofuel requirements as refining and blending activity Continue Reading
The outlook for Haynesville gas production appears to be turning around this month as Henry Hub prices continue to rally above the critical $2 threshold and recent declines in drilling Continue Reading
The US is expected to produce 502.2 million st of coal in 2020, the US Energy Information Administration said Aug. 11, raising its estimate from a month ago by roughly Continue Reading
The US Energy Information Administration Aug. 11 slashed its 2020 forecast for US oil production by 370,000 b/d from last month’s outlook to 11.26 million b/d based on more extensive Continue Reading
The US nuclear fleet must adapt to the growing renewable generation being added to the electric grid and the resulting power price decline by operating flexibly and making hydrogen, industry Continue Reading
U.S. shale producers are at a crossroads as they find themselves more efficient than ever. They can keep drilling, and potentially dent oil prices, or use the money to pay Continue Reading
The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labor Continue Reading
Russia registered the world’s first Covid-19 vaccine, President Vladimir Putin said, marking a milestone in the fight against the new coronavirus but amid safety concerns in the West over the Continue Reading
