“The reason renewables can’t power modern civilization is because they were never meant to. One interesting question is why anybody ever thought they could.” Michael Shellenberger, Time magazine “Hero of Continue Reading
The global restrictions saw roads and motorways hardly used for several months The dramatic drop in greenhouse gases and air pollutants seen during the global lockdown will have little impact Continue Reading
When it comes to America’s allies in the Middle East, Washington has long “looked the other way” while they recklessly pursue questionable weapons technology. Think Pakistan’s nuclear program at a Continue Reading
OPEC’s second-largest producer, Iraq, is promising additional cuts of around 400,000 barrels per day (bpd) this month in order to compensate for the lack of compliance with the OPEC+ agreement Continue Reading
Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in Continue Reading
Electric vehicle investors and enthusiasts tend to obsess about a single metric–EV sales–when trying to gauge the pace of global electrification. However, they tend to ignore another equally important part Continue Reading
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners Continue Reading
India, the country hardest hit in Asia by the coronavirus pandemic, reported on Friday a record daily jump in infections, taking its total number of cases over two million. It Continue Reading
O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a Continue Reading
Several Asian refiners struggling with weakening demand will ask Saudi Arabia for less crude next month after the kingdom cut official selling prices by a smaller amount than the processors had Continue Reading
China stressed the importance of keeping the people’s “rice bowl” filled with domestically grown grain at a time when available farmland is shrinking, the weather’s turning more extreme and imports Continue Reading
China’s crude oil imports fell from a record high in July, snapping a three-month rally, as sluggish domestic fuel demand due to flooding capped refinery feedstock requirements. Receive daily email Continue Reading
China’s independent refineries ramped up US crude imports in July, picking up 1.37 million mt in the month, while at least 965,000 mt of North American crude cargoes are waiting Continue Reading
In December 2007, Charles Perilloux, an American chemical engineer, traveled to China to help install inexpensive and game-changing technology at a Chinese chemical plant that was spewing a climate “super-pollutant” Continue Reading
NOAA, via Reuters Following a record number of Atlantic Ocean storms over the past two months, including five that struck the United States, government scientists on Thursday updated their forecast Continue Reading
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities, but the Continue Reading
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
On the heels of the havoc wrought by hurricane/tropical storm Isaias, with loads commensurately lighter and spot prices generally weaker than normal, experts have increased the number of named storms Continue Reading
After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state of perpetual growth. Oil is Continue Reading
As so many other things have been, the U.S. auto market has been whipsawed by the coronavirus pandemic. In April, seasonally adjusted U.S. car and light truck sales fell to only Continue Reading
The world’s largest offshore rig operator Transocean has hired Lazard to advise it on strategic alternatives for its capital structure, Bloomberg has reported, citing a company statement. Transocean reported a Continue Reading
BP ( BP.L ) is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants Continue Reading
Crude oil futures were rangebound during mid-morning trade in Asia Aug. 6 as the continued spread of COVID-19 worldwide weakened sentiment, overturning some of the gains from the overnight rally Continue Reading
Oil extended gains after closing near a five-month high in New York on Wednesday as U.S. crude stockpiles declined more than expected, offsetting expanding fuel inventories and softer demand. Crude stockpiles Continue Reading
Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand. Brent crude Continue Reading
Oil climbed to a five-month high in London, topping $45 a barrel after U.S. industry data showed a decline in the nation’s stockpiles. Brent futures gained for a fourth day, Continue Reading
The growing but largely unrecognized death toll from rising global temperatures will come close to eclipsing the current number of deaths from all the infectious diseases combined if planet-heating emissions Continue Reading
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But many will wonder why natural Continue Reading
Oil exports from OPEC’s Middle East producers rose in July after Saudi Arabia and key Persian Gulf allies reversed the voluntary production cuts they had made the previous month. The Continue Reading
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
Laith Jabbar, a gas station worker drinks water in Basra, Iraq, on Monday, July. 27, 2020. As temperatures soar to record levels this summer, Iraq’s power supply falls short of Continue Reading
Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Continue Reading
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners Continue Reading
Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca Muerta, or Continue Reading
Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil in the country holding the world’s largest crude oil reserves Continue Reading
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez Obrador said in a memo Continue Reading
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019, data Continue Reading
A key battle over the future of fossil fuels and climate change will soon be decided in a sleepy corner of Australia. After a decade-long struggle pitting a mix of farmers, Continue Reading
Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Continue Reading
Barrels of ink have been spilled covering the geopolitical conflicts in the South China Sea over the past few years, with plenty of speculation over whether these diplomatic tensions could Continue Reading
Back in June, we reported that China had begun ramping up imports of U.S. LNG ostensibly in a bid to fulfill the January trade agreement with Washington and possibly avert Continue Reading
The Dakota Access oil pipeline again staved off what would have been an unprecedented shutdown, with judges ruling that the Trump administration has to decide whether the conduit can operate Continue Reading
Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest Continue Reading
Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has Continue Reading
Peabody Energy has written $1.4bn off the value of the world’s largest coal mine, an acknowledgment of electricity generators’ permanent shift towards natural gas and wind. The open-pit North Antelope Rochelle Continue Reading
U.S. crude oil refinery inputs averaged 14.6 million barrels per day during the week ending July 31, 2020 which was 42,000 barrels per day more than the previous week’s average. Continue Reading
A total of 103 coal-fired power plants were converted to natural gas or replaced by natural gas-fired plants in the United States since 2011, the Energy Information Administration (EIA) said Continue Reading
Continental Resources is bringing back previously shut-in oil production, seeing flow rates in some fields double compared to the rates before the curtailment, the company’s executives said on the Q2 Continue Reading
Ultra-low sulfur diesel stocks on the Gulf Coast built to a record high during the week ended July 31, rising 1.19 million barrels to 54.69 million barrels, US Energy Information Continue Reading
