Coal prices in Europe show little sign of getting the usual uplift into the winter heating season thanks to a groundswell of rising pollution costs, cheap natural gas and high Continue Reading
The world is past the era of growing crude oil demand, BP said in its annual energy outlook report , which was released today. The message of the outlook, according Continue Reading
A major explosion near Kyiv has rocked the massive Kyiv-Western Ukraine-1 natural gas pipeline that moves gas from fields in Eastern Ukraine to underground storage facilities near the border with Continue Reading
Oil was steady $38 a barrel in New York ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction Continue Reading
Pfizer Inc.’s chief executive officer said it’s likely the U.S. will deploy a Covid-19 shot before the end of the year, though another vaccine maker’s CEO warned global supplies won’t be sufficient until Continue Reading
Commodity trading giant Trafigura Group believes the oil market is about to go back into surplus as the demand recovery stagnates. “We expect crude stocks to build into the year-end,” said Ben Continue Reading
UK energy major BP has warned of a peak in oil demand within the next few years, signaling that the coronavirus pandemic is ushering in an earlier than anticipated decline Continue Reading
Rising levels of oil in floating storage, price cuts for Saudi crude, and a slowdown in Chinese imports: these were some of the factors that recently pressured oil prices. And Continue Reading
Global oil demand may have already peaked, according to BP’s latest long-term energy outlook, as the COVID-19 pandemic kicks the world economy onto a weaker growth trajectory and accelerates the Continue Reading
A big chunk of ice has broken away from the Arctic’s largest remaining ice shelf – 79N, or Nioghalvfjerdsfjorden – in north-east Greenland. The ejected section covers about 110 square Continue Reading
When the head of Libya’s UN-backed Government of National Accord suspended the interior minister from his duties at the end of August, militias in Tripoli celebrated by firing weapons in Continue Reading
Since its founding, Israel has seen itself as a modern-day Sparta, a tiny fortress nation-state in a hostile desert, whose survival depended on its internal cohesion and sheer military strength. All Continue Reading
Young men block a road with burning tyres during protests in Libya’s eastern coastal city of Benghazi on 12 September 2020. A spokesman for Gen Haftar said the administration backed Continue Reading
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signaled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore Continue Reading
Israel – with a population of nine million – has been seeing some 4,000 new cases a day Israel is to impose a new national lockdown – becoming the first Continue Reading
Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty Continue Reading
For many countries, battling the coronavirus has been a sprint to bring infections under control, then a struggle to keep it that way. In India, it has turned out to Continue Reading
Few environmental campaigns in China have been so enthusiastically pursued or so controversial as its Great Green Wall. Every spring, government officials, teachers, students, and company employees go on group tree-planting Continue Reading
Oil demand growth in China is currently the only certainty, with consumption in the country seen rising through the remainder of 2020 and recovering completely in 2021, but the rest Continue Reading
U.S. voters generally support natural gas production, but nearly half of U.S. registered voters believe the natural gas industry must do more to reduce emissions to have natural gas play Continue Reading
It has been a stunning fall from grace for Exxon Mobil Corp. Just seven years ago, Exxon was the biggest U.S. company by market capitalization. It has since lost roughly Continue Reading
Last year, the United Nations sent out a grim warning : The world has a very short 10-year window to act to avert catastrophic and irreversible climate change. Not surprisingly, Continue Reading
Trafigura, one of the largest exporters of US crude oil and refined products, does not expect to see any growth in US shale production until the end of 2021, as Continue Reading
Germany’s economic recovery from the coronavirus crisis has weakened but the revival is likely to continue in the rest of 2020, the Economy Ministry said on Monday. Europe’s largest economy, Continue Reading
Germany’s economic recovery slowed recently due to weaker demand in the autos sector and declining machinery output, according to a government report Monday. “The recovery in the German economy continues but Continue Reading
As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake. Merkel is coming under increasing Continue Reading
Oil posted its first back-to-back weekly loss since April’s rout with the end of the summer driving season and concern about OPEC’s production compliance weighing on prices. Futures in New Continue Reading
Oil prices were little changed on Friday, but posted their second straight weekly loss as stockpiles rise around the world and fuel demand struggles to rebound to pre-coronavirus levels. Both Continue Reading
U.S. West Texas Intermediate crude oil is under pressure on Friday and in a position to close lower for a second consecutive week on growing demand worries and an unexpected Continue Reading
While bearish sentiment has returned to oil markets due to what appears to be a weakening demand recovery, oil prices climbed on Friday morning after steep losses earlier in the Continue Reading
Two years ago, the CEO of a Middle Eastern oil company stopped in Washington, D.C. on his way home from a visit to Silicon Valley. What he wanted to discuss Continue Reading
The world’s top oil traders have been chartering dozens of supertankers for potentially storing oil at sea amid signs that demand recovery has stalled. Trafigura has chartered 12 very large Continue Reading
LONDON—The global economy is bouncing back strongly from the collapse it suffered in the spring, but fresh data suggest the early gains from the lifting of coronavirus lockdowns are already Continue Reading
The world is losing its mammals, birds, amphibians, reptiles and fish, and with them, the security of ecosystems that have supported humanity since it first emerged. That’s the conclusion of the Living Continue Reading
Iraq is debating whether to ask to be exempted from the oil production cuts OPEC+ agreed on this April. Initially set at 9.7 million bpd, the cuts have now been Continue Reading
The United Arab Emirates (UAE), currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the Continue Reading
OPEC headquarters In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty US economy to its knees by slapping an oil embargo on Continue Reading
India reported a record daily jump in coronavirus cases for a second consecutive day, logging 97,570 new infections on Saturday, data from the federal health ministry showed. With total cases Continue Reading
Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions Continue Reading
Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalize the Continue Reading
The cancellation of Enterprise Products Partners’ Echo 4 oil pipeline from the Permian to Houston is further evidence of the latest glut in pipeline capacity out of the West Texas Continue Reading
The Federal Aviation Administration said on Friday it favors the extension of temporary waivers of minimum flight requirements at some U.S. airports through late March 2021 due to the coronavirus Continue Reading
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When deadly wildfires tinted Western skies a Martian hue this week, homeowners with their own rooftop solar systems were able to tell with great precision just how much useful sunlight Continue Reading
Multiple mega-fires burning more than three million acres. Millions of residents smothered in toxic air. Rolling blackouts and triple-digit heat waves. Climate change, in the words of one scientist, is Continue Reading
BP and Shell have urged Texas energy regulators to put a stop to routine gas flaring across the state’s oil fields, Bloomberg reported , citing a joint letter by the Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 180. The total number of active oil and gas rigs decreased Continue Reading
Automotive players in Turkey expect up to 8m used car sales in 2020 as a pre-pandemic shortage of new vehicles is exacerbated by supply chain disruptions attributed to the virus. Continue Reading
1. U.S. oil demand rebound stalls – Oil prices sank this week along with broader financial indices. But oil was also dragged down by the stagnating demand recovery. – U.S. Continue Reading
Elevated natural gas storage volumes and lower demand looks to offset decreased supply flowing into the US Midwest this winter, but Chicago prices could strengthen if the region pulls more Continue Reading
