Iraq dangles energy deals ahead of Kadhimi-Trump meeting
Chevron would negotiate a joint venture with Iraqi state companies for exploration rights in southern Iraq — a deal that could set a positive tone during a state visit to Continue Reading
Haftar May Reopen Oil Ports In Libya To Tackle Power Shortages
Libyan ports could reopen to release the fuel needed to end power shortages ports of the country, The National reports , citing the commander of a group affiliated with Khalifa Continue Reading
Could The GNA Ever Successfully Control Libya’s Oil?
Introduction The success of the Tripoli-based Government of National Accord (GNA) in forcing the withdrawal of the eastern-based Libyan National Army (LNA) from northwestern Libya has led to a temporary Continue Reading
Saudi Oil Minister: Global Oil Demand Could See A 97% Recovery By The End Of 202
Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s energy minister Prince Abdulaziz said today prior to the OPEC+ Joint Continue Reading
U.A.E. Links Arab World’s First Nuclear Reactor to Power Grid
The Barakah nuclear plant. The United Arab Emirates connected the Arab world’s first nuclear power plant to the country’s grid and began providing electricity, crossing the final threshold to membership Continue Reading
Nigeria: Ministry to Present Oil Reform Bill to Buhari – Sources
President Muhammadu Buhari. The Ministry of Petroleum Resources will soon present a long-awaited oil and gas reform bill to the president aimed at boosting output and attracting foreign investment, three Continue Reading
Trump Administration Weighs Tighter Venezuelan Oil Sanctions
The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures Continue Reading
U.S. eyes October deadline to end exemptions on Venezuela oil sanctions: sources
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources Continue Reading
Ships Skipping Hong Kong for Re-Fueling on Strict Virus Rules
Ships are skipping Hong Kong for re-fueling after the city implemented strict quarantine regulations at its port to curb the spread of the coronavirus, leaving bunker fuel traders reeling from Continue Reading
Is This The End Of China’s Oil Buying Spree?
China’s record-breaking crude oil imports supported oil prices through the late spring and summer when oil demand recovery in the rest of the world had just started and then wobbled Continue Reading
Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find
Trump administration officials have tried taking a political sledgehammer to China over the coronavirus pandemic, asserting that the Chinese Communist Party covered up the initial outbreak and allowed the virus Continue Reading
Flooding Again Pounds China’s Three Gorges Dam
The worst flooding in six decades in China is displacing millions and straining the Three Gorges Dam. WSJ’s Jonathan Cheng explains how the natural disaster is hampering the country’s efforts Continue Reading
Mystery Grows Over Virus Spread Via Contaminated Food Packaging
Evidence shows that food is an unlikely route of transmitting the coronavirus across borders, but contaminated items continue to grab the spotlight, deepening the uncertainty over whether the $220 billion Continue Reading
Wall Street ends lower after Fed minutes highlight difficult economic recovery
Wall Street finished lower on Wednesday after the Federal Reserve raised concerns that the U.S. economic recovery from the devastating effects of the pandemic faced a highly uncertain path. In Continue Reading
California’s Heat Crisis Shifts to Fires Burning Across State -\
Californians already struggling with rolling blackouts and sweltering heat are confronting the next crises tied to extreme weather: wildfires and thick haze choking the air. More than 360 blazes are burning Continue Reading
‘Climate Donors’ Flock to Biden to Counter Trump’s Fossil Fuel Money
In 2009, the Obama administration’s environmental team called a group of climate activists to the White House to deliver a message: Climate change doesn’t sell and only provokes economic attacks Continue Reading
Three Atlantic weather disturbances may become tropical storms
A trio of disturbances are lined up one after the other in the Atlantic Ocean, and at least two of them will probably develop in the coming days and become Continue Reading
Cimarex makes contingency oil, gas permit plans in event of Biden presidency
Cimarex Energy is making contingency plans for permitting on federal lands in case there is a change in presidential administration, its top executive said Aug. 19. Receive daily email alerts, Continue Reading
Analysis: Cooling demand surges across California, prompts unseasonal gas storage draw
As a historic heatwave scorches stretches of California, the Aliso Canyon natural gas storage field continues to report daily net withdrawals in order to meet cooling demand, catapulting regional prices. Continue Reading
Port of Corpus Christi still aims to export Canadian, Bakken crude
The Port of Corpus Christi surpassed Houston late last year as the nation’s top crude exporter, and now the rapidly growing petroleum hub aims to take the next step by Continue Reading
Democrats eye swift action on climate if Biden wins White House
If former Vice President Joe Biden wins the presidential election in November, a significant portion of voters will be expecting bold action to implement a federal climate policy and return Continue Reading
Palo Verde on-peak day-ahead power hits record $1,643.25/MWh, conservation urged
NV Energy and the Public Utilities Commission of Nevada are urging consumers to conserve energy as wholesale power prices in the state hit back-to-back record highs on the back of Continue Reading
How have our expenditures on motor vehicles changed during the pandemic?
In this study, I examined the relative expenditures on motor vehicles in the United States from March through June 2020—the first four months of the current pandemic. The raw data Continue Reading
Poll Shows Broad Support for Domestic Energy
API revealed that two-thirds of voters in key battleground and other states would prefer candidates who support access to US-produced oil and gas. Two-thirds of voters in key battleground and Continue Reading
DNC Reversed Position on Fossil Fuel Support, Angering Activists
Day three of the Democratic National Convention on Wednesday featured meetings of the Black and Hispanic caucuses, the run-up to Senator Kamala Harris’s primetime speech, and delicate attempts by the Democratic Continue Reading
Climate Change Threatens Nuclear Power Due to Global Warming
Climate change—particularly intense heat—is advancing so rapidly that it poses physical as well as credit risks to America’s aging nuclear fleet, a new report from Moody’s Investors Service finds. “Our plants Continue Reading
California, 6 automakers finalize bilateral Clean Car Framework agreements
While California is challenging the Federal government in court to overturn the revocation of California’s waiver enabling the state to issue greenhouse gas restrictions on light-duty vehicles, it has finalized Continue Reading
Climate change hits home in Colorado with raging wildfires, shrinking water flows and record heat
Great Basin National Incident Management One Team Public Information Officer Wayne Patterson checks out the trailhead below burned cliffs from the Grizzly Creek Fire near Hanging Lake in Glenwood Canyon Continue Reading
The irony: ConocoPhillips hopes to freeze thawing permafrost to drill more oil
Living on a heating planet always comes with some ironies. For one thing, the people who are most to blame for global warming (the rich and powerful) are also shielded Continue Reading
Europe’s Big Oil Companies Aim To Become Big Energy
Big Oil’s most profitable business is no longer oil. This attention-grabbing headline published by Oilprice.com earlier this month may be dramatic, but it’s not hyperbole – it’s the truth. “Even Continue Reading
Maersk Q2 revenue falls as pandemic cuts container volumes by 16% on year
Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue as demand destruction from the coronavirus pandemic reduced the company’s container volumes by 16% year on year. Receive daily Continue Reading
Russia Complies 100% With OPEC+ Production Cut Quota
Russia is complying 100% with the OPEC+ production cut quota, according to Alexander Novak, who spoke to Rossiya-24 television on Wednesday, Russian news agency Tass reported. “We are at a Continue Reading
Crude lower after API data reflects build in US gasoline inventories
Crude oil futures were lower in mid-morning trade in Asia on Aug.19 after American Petroleum Institute data released late Aug.18 showed a surprisingly large build in gasoline inventories even as Continue Reading
Oil Markets Retreat After API Reports Large Gasoline Build
A large build in gasoline inventories which offset a modest draw in crude oil inventories cooled bullish sentiment in markets somewhat on Tuesday afternoon The American Petroleum Institute (API) reported Continue Reading
Oil steadies as demand fears offset high OPEC+ compliance
Oil prices steadied on Tuesday as high compliance with supply cuts from the OPEC+ producer group offset demand fears from the new coronavirus. Brent crude futures LCOc1 rose 9 cents Continue Reading
Trade War Becomes Key Driver For Oil As Elections Near
Although the focus of oil markets in recent months has been on the impact of the COVID-19 pandemic and of the latest Saudi Arabia-instigated oil price war, still bubbling away Continue Reading
Bullish Sentiment Is Building In Oil Markets
For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the Continue Reading
Why ‘Degrowth’ May Be Necessary to Prevent Climate Catastrophe
In recent years, a group of economists, ecologists, and anthropologists have converged on a way to address both climate and ecological crises that will also make the world happier, healthier, Continue Reading
July production falls to five-year low as Iraq pledges deeper OPEC cuts
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus. Rumaila workers at degassing station 3 on July 29, 2020. (ALI AL-AQILY/Iraq Oil Report) Iraq’s monthly Continue Reading
Analysis: Floating storage at two-month lows despite inflated volumes off China
The amount of crude and condensate hoarded on tankers has tumbled to more than two-month lows as the incentives for storage start to recede, although volumes offshore China remain high, Continue Reading
The first undeniable climate change deaths
This story was originally published by Slate and is reproduced here as part of the Climate Desk collaboration. July 23, 2018, was a day unlike any seen before in Japan. Continue Reading
Despite U.S. sanctions bid, Iran aims to keep nuclear deal alive until U.S. election
The fate of a fragile 2015 nuclear deal between Iran and world powers hinges on the result of the U.S. presidential election in November, not a planned U.S. bid this Continue Reading
UAE’s Oil Major ADNOC Sees ‘Robust’ Return Of Oil Demand
The Abu Dhabi National Oil Company (ADNOC) sees a robust return of oil demand, mainly from China, ADNOC Group’s chief executive Dr. Sultan Ahmed Al Jaber told IHS Markit Vice Continue Reading
OPEC+ meets to review compliance with oil cuts
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic. Continue Reading
Saudis Keep Pressure on OPEC Cheats Before Ministerial Talks
Saudi Arabia kept up the pressure on OPEC+ nations that have been exceeding their oil-output targets, hours before a meeting to discuss their agreement. King Salman bin Abdulaziz called Nigerian President Continue Reading
Venezuela Treats Infected as Criminals
The government of President Nicolás Maduro is detaining and intimidating doctors, marking the homes of people suspected of having the virus and detaining those who are returning to the country. Continue Reading
Oil Piracy Has Spiked During COVID Pandemic
The year 2019 marked a crucial milestone in the fight against global maritime piracy. According to the International Maritime Bureau (IMB), global pirate attacks plunged to a 25-year low, with Continue Reading
Fujairah Data: Fuel stockpiles edge lower led by drop in middle distillates
Fujairah stockpiles of oil products dropped to a four-month low on Aug. 17, with middle distillates such as jet fuel and gasoil leading the way. Receive daily email alerts, subscriber Continue Reading
China’s Xi Jinping Tightens Grip on Domestic Security Forces in First Broad Purge
A senior ally of Chinese leader Xi Jinping called for a Mao-style purge of China’s domestic-security apparatus last month, saying it was time to “turn the blade inwards and scrape Continue Reading
New Tritium RT175-S DC fast charger powers EVs to 80% in 15 minutes
Australia-based Tritium has introduced a new DC fast charger, the RT175-S smart charging system, which powers EVs to an 80% charge in 15 minutes on average. The RT175-S is the Continue Reading