Russia’s ambitious LNG plans have so far based on two producing assets – the Gazprom-operated Sakhalin LNG and the NOVATEK-operated Yamal LNG. The addition of Yamal LNG into its portfolio Continue Reading
A giant wind farm being developed off the coast of the U.K. will sell some of its power to energy trader Danske Commodities A/S. Under the 15-year deal, the subsidiary of Equinor ASA will Continue Reading
As the two women sat in deck chairs enjoying the last rays of sunshine near the Canal de l’Ourcq in Paris on Sunday evening, nearby loudspeakers jolted them with a Continue Reading
Russian oil companies reported lower refinery throughput in Q2 due to reduced demand for oil products. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Motor fuel Continue Reading
Crude oil futures were higher in mid-morning trade in Asia on Aug.17 as sentiment remained buoyed ahead of a key OPEC+ production review meeting on Aug.19 despite a postponement in Continue Reading
Oil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and September countered rising tensions between the two countries and a Continue Reading
Oil fell below $42 a barrel in New York at the start of a week that will see OPEC+ gather to assess its supply deal as countries struggle to contain Continue Reading
The oil market’s fundamentals continue to improve, with demand looking more robust and offsetting higher supply expectations. We are still experiencing excess amounts of crude, but this will continue to Continue Reading
Oil markets are passing through an interesting phase, flashing bullish sentiments and bearish trends simultaneously. Despite all the ‘crude’ gloom in recent days, some good news also seems to be Continue Reading
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil Continue Reading
The International Energy Agency this week revised down its gasoline and jet fuel demand forecast for the rest of the year. In seemingly unrelated news, Philips 66 said that it Continue Reading
Jet fuel prices are convalescing despite an increase in scheduled flight capacity amid fears of a second wave of the coronavirus in some European countries. European jet stocks, both inland Continue Reading
There’s a standard image of the Earth as seen from space that we carry in our heads: vast blue seas, green bands of forests, and frozen white caps on the Continue Reading
Saudi Arabia’s inflation quickened at the fastest pace since at least 2012 after the kingdom tripled its value-added tax. Consumer prices rose an annual 6.1% in July from 0.5% in June, Continue Reading
Lebanon must shut down for two weeks after a surge in coronavirus infections, the caretaker health minister said on Monday, as the country reels from the massive Beirut port blast. Continue Reading
Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf backing” in the medium term as the government’s finances remain Continue Reading
The photos are truly the stuff of nightmares: Swarms of desert locusts blocking out the sun, blanketing fields, and devouring crops in East Africa, the Middle East, and South Asia. Continue Reading
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drill ship would extend operations in disputed Mediterranean waters off Cyprus until mid-September. Yavuz Continue Reading
Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky Continue Reading
Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed. Venezuela could soon be producing close to zero barrels of oil, Continue Reading
China’s economy, the first to succumb to the coronavirus, is proving to be the fastest to recover. In industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and Continue Reading
Since the days of President Jimmy Carter and the 1970s oil crisis, the U.S. has relentlessly pursued the utopia of becoming energy independent. But with persistent oil crises and severe Continue Reading
Tesla is not the only electric vehicle (EV) maker to have seen an explosive rally of its stock so far this year. Shares in Tesla’s Chinese competitors have outperformed the Continue Reading
South Korea warned on Monday of a looming novel coronavirus crisis as new outbreaks flared, including one linked to a church where more than 300 members of the congregation have Continue Reading
China’s real estate sector may have peaked and will likely become a drag on growth during economic shocks such as the current pandemic, a recent report co-authored by Kenneth Rogoff Continue Reading
Japan’s economy shrank slightly less in the April-June quarter than that of the U.S., but economists said it still had a long way to go before recovering from the coronavirus Continue Reading
The capital of China’s southern Guangdong province has suspended imports of frozen meat, fish and seafood from coronavirus-hit countries, as Beijing intensifies scrutiny of refrigerated food as a possible carrier of Continue Reading
The U.S. West Coast is set to have its hottest two weeks in 70 years, putting even more strain on power grids after California imposed rolling blackouts for the first 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
It’s been a long dry spell in the Permian. Shale drilling and completions activity has collapsed to levels not seen since before 2000 (as far back as records are kept). Continue Reading
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand. The company’s Continue Reading
Outside of New York, New Jersey is the state that has been hit hardest by the pandemic. WSJ visited a recent emergency food distribution event in Newark to speak with Continue Reading
No other city in America is as reliant on mass transit as New York, with millions of daily riders usually cramming into subway cars, trains and buses run by sprawling Continue Reading
In the midst of a historic heat wave in the West, the mercury in Death Valley, Calif., surged to a searing 130 degrees on Sunday afternoon, possibly setting a world Continue Reading
The potentially record-breaking temperature was recorded in Death Valley, California What could be the highest temperature ever reliably recorded on Earth – 130F (54.4C) – has been reached in Death Continue Reading
Imagine a world where instead of threading the walls of your house with copper wires that deliver electricity from the grid, the walls themselves stored that energy, potentially drawn from Continue Reading
Italy is to shut discos and clubs and make it compulsory to wear a mask outdoors in some areas during the night-time in the first reimposition of restrictions as cases Continue Reading
The financial health of British households deteriorated in August at a faster pace than last month, in an unpromising sign for the economic recovery from the COVID-19 pandemic, a survey Continue Reading
This may turn out to be the year that oil giants, especially in Europe, started looking more like electric companies. Late last month, Royal Dutch Shell won a deal to build a Continue Reading
Oil squeezed out a gain for the second straight week but uncertainty around the U.S.-China trade deal and fears of a resurgent pandemic limited the price rally. Crude futures in Continue Reading
Crude oil futures dipped on Aug. 14 as a wave of reports this week painted a gloomier economic outlook with slower demand recovery as the coronavirus pandemic continued to take Continue Reading
Friday, August 14th, 2020 Another week and another snoozer for oil prices. WTI and Brent remain in a narrow range, although their foothold in the $40s feels more solid than Continue Reading
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
Seven of the largest oil companies in the world have written down a collective US$87 billion from the value of their oil and gas assets over the past nine months, Continue Reading
Greenland’s ice sheet may have shrunk past the point of return, with the ice likely to melt away no matter how quickly the world reduces climate-warming emissions, new research suggests. Continue Reading
The data is through July 2020 and is in thousand barrels per day. OPEC crude only was up almost one million barrels per day in July. The lions share of Continue Reading
The United States said on Friday it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as Continue Reading
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was the highest in four months, Continue Reading
ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and natural gas production Continue Reading
The U.S. and China are postponing talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement, people familiar Continue Reading
