Turkey will make no concessions in the eastern Mediterranean, President Recep Tayyip Erdogan declared as France announced that it would join naval exercises in the region amid a mounting stand-off Continue Reading
The Caribbean island state of St. Kitts & Nevis has stripped four oil tankers of its flag after an NBC News investigation found that as many as 15 tankers under Continue Reading
One of the three key priorities for Iran – along with completing all of the phases on its supergiant South Pars natural gas field and expanding its value-added petrochemicals sector Continue Reading
The U.S. work to have Iran’s influence on Iraq’s energy sector reduced made progress last week when Iraqi Prime Minister Mustafa Al-Kadhimi visited Washington for high-level meetings with President Donald Continue Reading
South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet) has started preparations to take over the management of some oilfields in the country by 2027, when it will let the contract with Continue Reading
As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center stage. With demand for transport fuels set to tail off Continue Reading
The aviation industry is under pressure to do something about the immense amount of carbon emissions its engines generate. The output is accelerating many times faster than from sectors such Continue Reading
Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. And the jump last month was even larger than the 7.7% increase in Continue Reading
Summary of Weekly Petroleum Data for the week ending August 21, 2020 U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending August 21, 2020 Continue Reading
The Covid-19 pandemic and the oil crisis have taken a heavy toll on demand for transport fuels such as gasoline and jet fuel leading to severe margin compression for refineries. Continue Reading
In a world awash in LNG, any news about more production capacity sounds illogical. Nevertheless, this is what U.S. energy companies are doing: they are boosting their production and export Continue Reading
Increased electricity demand amid higher summer temperatures and lower natural gas prices sent natural gas-fired power generation in the Lower 48 states to a record 36 gigawatts (GW) on July Continue Reading
The U.S. nuclear industry, with a fleet of plants already outdated and a bit shabby, has never been able to recover from the market’s inundation with cheap fossil fuels in Continue Reading
It has been the bane of the electric vehicle revolution’s hopes—insufficient battery life. But now, Elon Musk has hinted that he might just have a solution to the thing that Continue Reading
It seems entirely plausible that the U.S. oil and gas industry could benefit from a Joe Biden presidency in the short term, according to Rystad. According to independent energy research Continue Reading
As Hurricane Laura pounds the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10 feet above normal, wildfires in California are still raging across more than a million acres, the Continue Reading
Using tax dollars to move whole communities out of flood zones, an idea long dismissed as radical, is swiftly becoming policy, marking a new and more disruptive phase of climate Continue Reading
Despite the wave of U.S. oil and gas industry bankruptcies and layoffs as a result of the pandemic, the United States government has decided to resume its oil and gas Continue Reading
The coronavirus surge that swept across the south and west of the US is showing signs of slowing, a sign that steps taken by states to pause their reopenings may Continue Reading
Environmental campaigners and analysts are criticizing Norway’s plan to open new areas for oil drilling in the Arctic, saying that operations could threaten pristine areas and wildlife and potentially strain Continue Reading
PARIS (Reuters) – French Prime Minister Jean Castex said on Thursday the government must move fast to head off a deadly new COVID-19 wave as the virus’s reproduction level has Continue Reading
The European Union is likely to propose the most ambitious acceleration of its emissions target as as it ramps up efforts to slash pollution in the bloc through its Green Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.524 million barrels for the week ending August 21. Analysts had predicted an inventory draw Continue Reading
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home Continue Reading
Global oil demand growth—the very thing on which the entire state of the oil industry hinges—is expected to taper off, IHS Markit has said in its latest forecast. The forecast Continue Reading
In recent years, purchasing managers indexes have become important indicators of where the global economy might be heading. But in the current slowdown, where small businesses were some of the Continue Reading
Lisa Paul was still recovering from the wildfire trauma of 2017 when she experienced a renewed wave of sickening dread last week, the skies above her home and vineyard in Continue Reading
Iran held constructive talks with the head of the International Atomic Energy Agency (IAEA) and will fulfill its commitments under the 2015 nuclear deal, but will not accept any additional Continue Reading
Turkey is determined to do whatever is necessary to obtain its rights in the Black Sea, Aegean and Mediterranean, President Tayyip Erdogan said on Wednesday. Speaking at an event commemorating Continue Reading
Stockpiles of oil products at the crude trading and bunkering hub of Fujairah on the east coast of the UAE jumped to a six-week high, with marine bunkers and fuel Continue Reading
Iraq’s recent energy deals with US companies were a mixed bag of loose agreements that need to be translated into firm commercial terms at a time when Washington failed to Continue Reading
The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil discoveries by Continue Reading
It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that Continue Reading
China is set to buy a record amount of American soybeans this year as lower prices help the Asian nation boost purchases pledged under the phase-one trade deal, according to Continue Reading
Don’t expect an LNG buying binge ahead of winter from the world’s fastest growing consumer of the fuel. China will likely pull back on spot purchases of liquefied natural gas Continue Reading
China’s July crude imports from the US surged 524.4% from June to a fresh high of 3.67 million mt, or 866,793 b/d, propelling the producer to become China’s fifth largest Continue Reading
The U.S. energy industry began preparing for a major hurricane strike by Tuesday, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining Continue Reading
The top U.S. infectious diseases expert is warning that distributing a COVID-19 vaccine under special emergency use guidelines before it has been proved safe and effective in large trials is Continue Reading
Green Bobby Stevens’s backup plan for his backup plan encountered an obstacle a few months ago. In March the coronavirus pandemic closed the Kentucky government building where he was set Continue Reading
U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the Continue Reading
American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of Continue Reading
70 years after the first energy was made using nuclear power at an experimental station near Arco, Idaho, nuclear energy remains at the heart of a contentious debate. Nuclear power Continue Reading
Announcements of plans and projects for hydrogen-based energy are appearing with ever scale and ambition in Europe and Asia . The United States, in contrast, is not seeing the same Continue Reading
Two shale producers have plans to start cutting jobs, sources in the know who wished to remain unnamed have told Reuters. Parsley Energy plans to cut 10 percent of all Continue Reading
Platform shut-ins in the Gulf of Mexico have reached 82.4 percent of oil production, the Bureau of Safety and Environmental Enforcement reported , with 56.92 percent of gas production also Continue Reading
During the first night of the GOP convention, Republicans asserted that Democrats will ban hydraulic fracking, thereby decimating US oil and gas jobs, in spite of leading Democrats’ pullback from Continue Reading
US Gulf of Mexico production numbers released Aug 25 by the federal Bureau of Safety and Environmental Enforcement show that producers have little output in the region along the predicted Continue Reading
US coal-fired power generation totaled 65.5 TWh in June, up 40.8% from May, Energy Information Administration data showed Aug. 25. It was the highest level of coal-fired generation since December Continue Reading
The Dow Jones Industrial Average’s coming farewell to Exxon Mobil Corp. is the latest sign of the waning influence of America’s struggling energy sector. When trading begins next week, the Continue Reading
As a record heatwave pushed California’s electric grid to the brink last week, the world’s most powerful lithium-ion battery was unveiled outside San Diego, showcasing a technology that could cut Continue Reading
