A severe household water shortage facing two out of five people in the world is undermining efforts to contain the coronavirus pandemic. frequeny and thorough hand washing are among the Continue Reading
Libya’s port blockade is set to keep the North African country’s oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be Continue Reading
May 25 marked the 39th anniversary of the founding of the Gulf Cooperation Council (GCC). Across the Gulf, the occasion was welcomed as an opportunity to reflect on how the Continue Reading
Saudi Aramco, the world’s biggest oil company, is reducing its capital expenditure spend for 2020 due to the market conditions brought about by the COVID-19 pandemic, yet the company expects Continue Reading
The head of Libya’s state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the country’s key oil export terminals risks a potentially worse disaster Continue Reading
Saudi Arabia’s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite sliding profit and a surge in debt, as the kingdom battles Continue Reading
Chinese and Spanish developers that want to build Africa’s biggest hydropower plant in the Democratic Republic of Congo agreed to form a single consortium in an accord the country says Continue Reading
On a scorching summer day in northern India, Ajay Singh sat next to his water pump and scanned his 10 acres of farmland. He once used to grow rice each Continue Reading
Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to prominence took Continue Reading
Hydrogen-powered vehicles could soon be more common on the streets of Australia’s biggest city after Hyundai Motor Co. reached a supply deal for the zero-emissions fuel with local producers. Hyundai Australia has Continue Reading
July 2020 was record hot for much of the Mid-Atlantic and Northeast. Sizzling temperatures and sultry humidity baked the Acela corridor for most of the month, with heat indices rising Continue Reading
As the summer winds down, much of western Lake Erie stinks. Green goo—miles and miles of it—floats on the surface, emanating a smell like rotting fish as it decays. The Continue Reading
Back in 2014, every citizen in oil-rich Norway became a theoretical millionaire after the country’s oil fund – the world’s largest sovereign wealth fund – crossed the $1 trillion mark. Continue Reading
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can also make Continue Reading
The UK government announced plans to invest, through its Getting Building Fund, in the construction of Europe’s first geothermal lithium recovery pilot plant at a location near Redruth, Cornwall. The Continue Reading
The pace of France’s economic recovery is slowing, the country’s central bank said, confirming expectations of a prolonged period before output catches up with pre-crisis levels. In its monthly report, the Continue Reading
European consumers are getting hefty incentives to buy electric cars, mining projects are getting delayed and some auto plants are reopening. All of that will pull lithium out of the Continue Reading
Oil fell in tandem with equities as concerns over renewed tensions between the U.S. and China and a murky outlook for further relief from Washington cast an economic pall. Futures Continue Reading
Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened Continue Reading
Oil futures settled lower Aug. 7 as demand outlooks came under pressure amid rising US-China tensions and lack of progress on a US stimulus package. Receive daily email alerts, subscriber Continue Reading
Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreat For Global Energy Alert members Continue Reading
Jet fuel demand for commercial flights crashed during the worldwide lockdowns in April, and although some of the demand has returned, jet fuel consumption in July was still nearly 70 Continue Reading
The Nigerian National Petroleum Corporation (NNPC) has signed a preliminary agreement with two companies over a dispute about foreign firms exporting Nigerian oil from some offshore fields, which could pave Continue Reading
Active Rigs Fall to Zero in Two Oil Hotspots In the latest sign of the times, and what very well may be an indicator of things to come, two major Continue Reading
Venezuela is once again shuttering gas stations across the country as the chronic shortage of fuel deepens due to ailing refineries and crippling sanctions limiting imports into the country. State oil Continue Reading
China imported 12.08 million bpd of crude oil last month, according to official customs data, which was lower than the record-breaking import rate in June but 25 percent higher than Continue Reading
The Trump administration’s cascade of actions taken against Beijing represent a new chapter in U.S.-China relations, one marked by increasing confrontation and few efforts to de-escalate the tensions. Business leaders, Continue Reading
China’s exports rose by an unexpectedly strong 7.2% in July as the world’s second-largest economy recovered from the coronavirus pandemic. Sales to the United States jumped 12.5% despite a plunge Continue Reading
Drillers cut exploration in U.S. oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers abandoned growth plans. The number of active oil rigs in Continue Reading
As the rest of the world follows the global trajectory toward an energy transition, moving away from fossil fuels to alternative forms of energy, whether in the interest of creating Continue Reading
1. Gold prices surge – Gold hit a new high this week, closing over $2,000 per troy ounce for the first time. – While a specific reason for the latest Continue Reading
Russia exported 1.078 million tons of fuel oil to the United States last month, equal to more than 7 million barrels, Reuters has reported , citing data from traders and Continue Reading
The oil and gas market’s appetite is now shifting. As dismal Q2 financials flood in, lowered market expectations is seeing disastrous quarterlies as bad, and bad quarterlies as okay. Okay Continue Reading
Baker Hughes reported on Friday that the combined oil and gas rig count in the U.S. fell this week by 4, to 247. The total oil and gas rigs are 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
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless Continue Reading
A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Employers added 1.8 million jobs in July, slightly Continue Reading
U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than Continue Reading
U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery. The Continue Reading
Renewable-energy projects are now finding capital faster than fossil fuels.P“I enjoy big machinery, and it punched all those buttons,” Jay Johnson told me. “They really are big, and, if you Continue Reading
Paris is facing one of its worst heat waves in more than a century, with daily average temperatures hovering around 30 degrees Celsius (86 degrees Fahrenheit) over a seven-day period Continue Reading
Oil oscillated between gains and losses as an uncertain economic outlook overshadowed signals of a tighter crude market with Iraq pledging to make extra output cuts this month. Iraq will Continue Reading
Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts by Iraq buoyed the market despite Continue Reading
Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a resurgence of coronavirus cases, although a pledge from OPEC member Continue Reading
Oil futures fell for the fist time in a week as uncertainty over an economic recovery in the U.S. that could boost fuel consumption offset signals of tightening global supply. Continue Reading
Climate-friendly crops are getting more attention from farmers and food companies as pressure mounts to find sustainable forms of agriculture. Enter Kernza, a new grain that’s already got powerful backers like General Continue Reading
The world’s consumption of natural gas is set to decline by 4 percent this year, but global demand will return to growth after the pandemic, thanks to low natural gas Continue Reading
World food prices rose in July led by vegetable oils, dairy products and sugar, extending a rebound from the previous month following sharp falls triggered by the coronavirus pandemic, the Continue Reading
Ice covering the Arctic Ocean reached the lowest level since at least 1979 for July as temperatures spiked in the region, leaving large stretches of Russia’s Siberian coast mostly ice-free. Sea Continue Reading
It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly recovering, that Continue Reading
