One of the most successful elements of the government’s response to the coronavirus recession — protecting people on the margins from falling into poverty — is faltering as the safety net Continue Reading
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti’s capital city, as twin hurricanes threatened the Caribbean and U.S. Continue Reading
A regional coalition that supports the development of offshore wind power is set to launch later this month. New England for Offshore Wind, which includes environmental advocacy organizations, educational institutions, 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
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. With WTI climbing past $40 a Continue Reading
Amid a heatwave in the West, the largest U.S. solar state, California, is grappling with power issues and with keeping its electricity grid stable as demand exceeds supply. And in Continue Reading
Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt Continue Reading
One and a half million electric cars on the roads of the U.S. West and Midwest by 2030: this is the vision of regional power utility Xcel Energy, and part Continue Reading
US Gulf of Mexico producers have opted to shut more of their production and evacuate crews Aug. 23 as meteorologists revised the tracks of two tropical storms, Marco and Laura, Continue Reading
The wildfires that exploded over the past few days in California and Colorado show clear influences of global warming, climate scientists say, and evidence of how a warming and drying Continue Reading
A sharp rise in the number of coronavirus infections over the past two weeks has put European governments on high alert as holidaymakers return home to big cities and teachers Continue Reading
Friday, August 21st, 2020 Oil retreated at the end of the week on more negative news from the U.S. labor market. Oil prices fell back to a familiar trading range Continue Reading
Oil prices fell Aug. 21 as weak European economic recovery news teamed up with concerns about sluggish crude demand amid the ongoing coronavirus pandemic. Crude prices were trading substantially more Continue Reading
U.S. West Texas Intermediate crude oil futures are trading lower on Friday, putting the market in a position to close lower for the first week in three. The market has Continue Reading
1. Global rig count hits record low – The U.S. rig count has hit its lowest level in decades, but the global rig count is also at a record low. Continue Reading
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to April 2020. Continue Reading
Shipping is the backbone of the global economy, responsible for about 90% of world trade. But it also accounts for almost 3% (and rising) of man-made carbon dioxide emissions. The industry’s regulator set Continue Reading
Greenland broke its 2012 record for ice loss last year by 15%, a startling sign that a major contributor to global sea-level rise may be accelerating. On its own, ice loss Continue Reading
The UN-backed government of Libya announced a ceasefire on Friday, and the east-based rival administration also called for a truce in a move that could pave the way to reopening Continue Reading
Libya’s UN-backed government, which only controls the western part of the country, announced an immediate ceasefire Aug. 21, raising the prospect of a restart to the country’s oil production and Continue Reading
Turkey has made a major gas discovery in its sector of the Black Sea with the Tuna-1 well, which is estimated to hold 320 Bcm of gas, Turkish President Recep Continue Reading
The United States was further isolated on Friday over its bid to reimpose international sanctions on Iran with 13 countries on the 15-member U.N. Security Council expressing their opposition, arguing Continue Reading
Libya’s two rival governments separately announced a cease-fire Friday and called for a demilitarized zone in the strategic city of Sirte, a decision welcomed by regional neighbors and Western powers Continue Reading
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second largest oil producer can implement multi-billion deals signed with US companies and attract Saudi Continue Reading
China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month, Bloomberg reports , citing data from the Census Continue Reading
Royal Dutch Shell RDS.A -1.63% PLC spent billions of dollars developing one of the world’s most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a Continue Reading
A number of refineries in Asia-Pacific are either halting operations or considering shutdowns given the uncertain outlook, including the Philippines’ Tabangao, Australia’s Geelong and New Zealand’s Marsden Point. Meanwhile, some Continue Reading
Having brought the coronavirus pandemic largely under control, China’s leaders are now struggling with a surge of crippling floods that have killed hundreds of people and displaced millions across the Continue Reading
The Communist Party’s “clean plate” campaign targets livestreaming extreme eaters, wasteful diners and others amid concerns about China’s ability to feed its 1.4 billion people. Chinese regulators are calling out Continue Reading
The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy. U.S. business activity snapped back to the Continue Reading
Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered Continue Reading
U.S. regulators are investigating whether a massive methane release over Florida they say likely occurred during maintenance on a natural gas compressor station this spring violated the nation’s Clean Air Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose for the first time since January by 11, to 183—the first double-digit increase since Continue Reading
Malaysia’s Petronas, the national state oil and gas company, is in talks to take over Permian driller DoublePoint Energy, Bloomberg reported, citing sources in the know who declined to be Continue Reading
Up to 10 cargoes scheduled for loading in October at US liquefaction terminals were said to have been canceled, the fewest since May as improving prices in key end-user markets Continue Reading
US Gulf of Mexico producers are in the initial stages of securing their operations in advance of two storms that are expected to move into that region next week. BP Continue Reading
The messaging was clear at the Democratic National Convention: the planet cannot survive another four years of regulatory rollbacks and pro-fossil fuel policies, and Americans can put their trust in Continue Reading
Hundreds of wildfires burning across Central and Northern California that have already killed six people more than doubled in size on Friday, becoming some of the largest in state history Continue Reading
A pair of tropical cyclones forecast to become hurricanes early next week are headed for the U.S. Gulf Coast and will spin over the Gulf’s warm waters simultaneously, a rare Continue Reading
Chevron has begun shutting in production and evacuating crews from four sizeable US Gulf of Mexico platforms in advance of Tropical Storm Laura and Tropical Depression 14, as the two Continue Reading
For a fleeting period this summer, Europe nearly resembled its old borderless self, with people zipping across the continent, unburdened by restrictions or mandatory quarantines, as they vacationed along the Continue Reading
Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in the world, behind the number-one producer, the United Continue Reading
Germany’s Dillinger and Saarstahl steel group announced Aug. 21 the start of the first hydrogen-based steel production in Europe’s biggest steel market to help cut carbon emissions. Receive daily email Continue Reading
An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the Continue Reading
Oil is set for a third weekly gain in New York on nascent signs of a demand recovery, but the pandemic is continuing to cloud the outlook while concerns are Continue Reading
These companies flooded the market in recent years and have effectively become the swing producers in the newly global market for U.S. shale gas. Their reticence to chase rising prices Continue Reading
Oil fell the most in a week with a sluggish U.S. labor market compounding concerns that demand will remain weak. Futures in New York declined 0.8% on Thursday, retreating from Continue Reading
Oil plunged on Thursday morning, after an unexpected increase in weekly U.S. jobless claims added to a cautious view from the Fed about the U.S. economic recovery to weigh on Continue Reading
Scientists say the loss of ice in Greenland lurched forward again last year, breaking the previous record by 15%. A new analysis says that the scale of the melt was Continue Reading
Humble dirt could pack an unexpected climate punch, according to a new study published Wednesday in the journal Nature. An experiment that heated soil underneath a tropical rainforest to mimic Continue Reading
