Jordan will resume imports of crude oil from its Middle East neighbor Iraq this month after suspending shipments due to the coronavirus. Imports of about 10,000 barrels a day will re-start Continue Reading
A $500-billion smart city. A $200-billion solar farm. Billions of dollars in investments in gas and petrochemicals. These were all facets of Saudi Arabia’s Vision 2030—perhaps the most ambitious economic Continue Reading
Floods washed away at least two million tons of rice in Nigeria, the second-largest importer of the grain. That is more than 25% of the previously projected national output of Continue Reading
Indian Oil Corp., or IOC, is unlikely to seek any replacement crude oil cargo in the regional spot market after all out efforts had been made to successfully douse a Continue Reading
India displaced Brazil on Monday to take second place after the United States in terms of coronavirus infections, with 90,082 new cases whose numbers are expected to grow, while some Continue Reading
It has been a tough summer for Venezuela. The already ailing country, in the throes of a severe lockdown, is also experiencing a major environmental disaster. In July, a state-owned refinery Continue Reading
Latin America has a long history of resource nationalism, particularly when it comes to petroleum. Since the end of World War Two, this has acted as a significant deterrent for Continue Reading
The Chinese government has stopped renewing press credentials for foreign journalists working for American news organizations in China and has implied it will proceed with expulsions if the Trump administration takes further Continue Reading
South Korea hunkered down as Typhoon Haishen travelled northwards along the country’s east coast on Monday, a day after the powerful storm battered Japan’s southern islands where four people are Continue Reading
The Mekong is one of Asia’s most important rivers, supporting 60 million people in Southeast Asia. But for the second consecutive year, the lower Mekong basin has hit a record low water flow, Continue Reading
China’s export growth accelerated in August while imports edged lower as the world’s second-largest economy extended its recovery from the coronavirus pandemic. Exports rose 9.5% over a year earlier to Continue Reading
August marked the third straight month that China’s exports outpaced those of the same month last year. It marks a stark turnaround from the start of the year, when the Continue Reading
It was a perfect ju-jitsu. After weeks of watching US President Donald Trump pressure Chinese tech company ByteDance to sell its social media app TikTok to Microsoft, Beijing struck back, Continue Reading
Coronavirus cases are rising in 22 of the 50 U.S. states, according to a Reuters analysis, a worrisome trend on a Labor Day holiday weekend traditionally filled with family gatherings 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
Hopes of Congress and the White House reaching a deal on further economic stimulus have faded, as an unexpectedly steep drop in the jobless rate has stifled appetite among Republicans Continue Reading
California just witnessed one of its hottest weekends in memory, which intensified destructive wildfires that erupted. The scorching temperatures forced the National Weather Service to issue heat alerts for nearly Continue Reading
Talk of a talent shortage when the oil industry is laying off workers en masse may sound counterintuitive. However, a few years from now, the industry will recover, if its Continue Reading
U.S. startup NDB, a company that says it has created the first and only universal, self-charging nano-diamond battery that provides thousands of years of charge, announced that two of its Continue Reading
The recovery of fracking operations in the US is happening largely thanks to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to sustain the Continue Reading
Asphalt is a near-ubiquitous substance—it’s found in roads, on roofs and in driveways—but its chemical emissions rarely figure into urban air quality management plans. A new study now finds that Continue Reading
Duke Energy Corp., the nation’s largest electric utility, says it can cut greenhouse gas emissions more than 70% in the next 15 years in North and South Carolina — but Continue Reading
Chancellor Angela Merkel on Sunday faced growing pressure to reconsider Germany’s Nord Stream 2 pipeline project with Russia following the suspected poisoning of Kremlin critic Alexei Navalny. Defence Minister Annegret Continue Reading
Chancellor Angela Merkel does not rule out the possibility of sanctioning a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic Continue Reading
German manufacturers ramped up production for the third straight month, though the pace of growth slowed considerably in July. Industrial output rose 1.2%, less than forecast by economists. The increase was Continue Reading
tarting this month, Parisians under the age of 18 can travel on the city’s public transit network free of charge. Timed to coincide with the return to schools after France’s summer Continue Reading
French nuclear generation averaged 28.4 GW in the seven days to Sept. 6, the lowest weekly average in nine weeks, according to data from system operator RTE. Not registered? Receive Continue Reading
Germany has raised the stakes further regarding its position on the almost complete Nord Stream 2 gas pipeline from Russia following the poisoning of Russian politician Alexei Navalny. Not registered? Continue Reading
Crude oil futures prices fell further Sept. 4, with front-month contracts settling near two-month lows as global demand outlooks dimmed following a mixed US jobs report. NYMEX October WTI settled Continue Reading
Oil in New York is poised for the biggest weekly decline since early June. (Bloomberg) — Oil in New York is poised for the biggest weekly decline since early June Continue Reading
Oil in New York closed below $40 a barrel for the first time in a month as a selloff in broader markets exacerbated concerns over weakening demand following a sluggish Continue Reading
Okay, I finally get to say it! It has been a big, interesting week for crude oil! After months of essentially range trading, with the main WTI futures contract, CL, Continue Reading
Oil prices fell below $40 for the first time since June as demand concerns grow and stock markets crash. For Global Energy Alert members there are now two new free Continue Reading
Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about Continue Reading
Just weeks after schools began reopening, U.S. colleges are hosting raging clusters of Covid-19 infections, crises that are both medical and political. America’s unemployment rate dropped below 10% in August for the first Continue Reading
U.S. drivers can look forward to cheap gasoline heading into Labor Day Weekend, spelling hard times ahead for an oil industry that’s already been clobbered by the coronavirus. Gasoline prices on Continue Reading
Iran now has more than 10 times the amount of enriched uranium permitted under an international agreement, the UN’s nuclear watchdog says. The International Atomic Energy Agency (IAEA) said Iran’s Continue Reading
The European Central Bank’s emergency stimulus program is endangering the region’s climate-change objectives by “feeding a natural gas frenzy,” according to environmental campaigners. The central bank is buying bonds from fossil-fuel Continue Reading
Oil companies are risking some $400 billion in stranded assets with their focus on petrochemicals production growth that relies on strong growth in demand for plastics, Carbon Tracker has said Continue Reading
(Reuters) – Iranian President Hassan Rouhani bemoaned Iran’s friends on Saturday for not standing up to the United States and breaking crippling sanctions during the coronavirus pandemic. He also said Continue Reading
Aramco’s staff, who have been working from home during the worst of the pandemic, have started returning to offices and work sites, Bloomberg reports , adding some 75 percent of Continue Reading
There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to be made public soon. “We Continue Reading
Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. Continue Reading
The worsening conflict between China and the U.S. has damaged bilateral trade, but a complete decoupling between the two largest global economies would be even more damaging to China’s long-term Continue Reading
The poor, small Southeast Asian country of Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential Continue Reading
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid Continue Reading
With ridership hovering around 50% of pre-pandemic days, the transit agency serving the most populous county in the U.S. is considering a radical change: eliminating bus and rail fares. In a board Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 1 to 181. The total number of active oil and gas rigs increased Continue Reading
The federal government of Canada and the provincial government of Alberta are each drafting hydrogen strategies to reduce emissions, which, in the case of Alberta, would allow it to cut Continue Reading
An analysis finds that shunning the use of hydrogen made from fossil fuels completely in the EU would spike the cost of “green hydrogen” for decades. (Bloomberg) — Producing hydrogen Continue Reading
