Exxon Mobil Corp ( XOM.N ) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon is the Continue Reading
China’s aviation regulator said on Wednesday it will resume direct flights to Beijing from eight countries including Thailand, Cambodia, Greece, Denmark, Sweden and Canada from Sept. 3. In March, Chinese Continue Reading
South Korea is on track to restart operations at eight nuclear power plants, that were shut for maintenance, and start a newly built plant over the next two months, in Continue Reading
U.S. manufacturing activity increased more than expected in August as new orders surged to their highest level in over 16-1/2 years, but employment at factories continued to lag amid safety Continue Reading
Schlumberger has become the biggest oil-service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs. The provider Continue Reading
According to the World Bank, energy companies around the world flared 250 billion cubic meters of natural gas last year. That is the highest gas flaring rate since 2009, representing Continue Reading
The world’s largest nuclear power market is ready to gain more government backing for the energy — no matter who wins in November. For nearly a half century, the Democratic Continue Reading
Phoenix has relentlessly baked for months. In July, it clinched its hottest month on record. Then August topped that and became the new hottest month. The back-to-back records propelled the Continue Reading
Tesla plans to sell additional common stock worth up to US$5 billion and has hired Wall Street’s biggest banks as sales agents, the EV maker said on Tuesday, days after Continue Reading
“Gas spending, restaurant spending, bike-rental spending — all are improving,” a Mastercard adviser stated. (Bloomberg) — Consumers are traveling again, but instead of using planes and trains, they’re turning to Continue Reading
U.S. Gulf of Mexico oil production is slowly returning following Hurricane Laura. U.S. Gulf of Mexico (GOM) oil production is slowly returning following Hurricane Laura, the Bureau of Safety and Continue Reading
U.S. manufacturing activity accelerated to a nearly two-year high in August amid a surge in new orders, but employment continued to lag, supporting views that the labor market recovery was Continue Reading
A Swedish joint venture that hopes to rewrite the rules of steel production took a major step forward on Monday. Hybrit, an initiative run by steelmaker SSAB AB, iron ore Continue Reading
The chief executive of Rolls-Royce said demand for his company’s luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after Continue Reading
Crude oil futures were higher in mid-morning trade on Sept. 1 as a weaker dollar and robust Chinese economic data lifted the global crude complex despite the rising coronavirus case Continue Reading
Oil rose to trade near $43 a barrel in New York, with support from a weaker dollar and expectations of a further decline in U.S. stockpiles. Futures added 1.1% after the Continue Reading
Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. Brent crude LCOc1 futures Continue Reading
Oil dipped as a surge in coronavirus infections hitting the world’s major economies weighed on the prospect for a demand recovery even as China’s economic activity improves. While a gauge Continue Reading
Natural gas prices sank early on Monday on expectations of lower demand due to cooler weather and lower liquefied natural gas (LNG) feed in the aftermath of Hurricane Laura passing Continue Reading
The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside. United Nations experts are holding Continue Reading
As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag Continue Reading
Polly is a 10-year-old black-and-white Holstein cow, the oldest in a herd of about 300 on the Bar-Way Farm in Deerfield, Mass. Together they produce 2,000 gallons of milk each Continue Reading
Still struggling to overcome the draining consequences of almost ceaseless conflict and political haggling, Iraq has nevertheless managed to overcome the worst of the 2020 oil market slump in its Continue Reading
Libya’s largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with Continue Reading
Despite processing no crude oil in June this year, Nigeria’s three refineries still cost the country N10.23 billion in expenses, a report published by the Nigerian National Petroleum Corporation (NNPC) Continue Reading
India’s economy contracted by an annualized 23.9 percent in the quarter ending in June, when Prime Minister Narendra Modi imposed a draconian coronavirus lockdown. The gross domestic product contraction was Continue Reading
Less than a decade ago energy companies scoffed at Chile’s drive to develop its renewables sector, rejecting it as too expensive even though the Andean country boasts some of the Continue Reading
As Venezuela’s near-nothing oil industry slinks further into nothingness, a new commodity is taking shape in the crisis-stricken Latin American country sitting atop the world’s largest oil reserves: gold. According Continue Reading
Following last week’s price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week’s price rally. Traders Continue Reading
The blow from Covid-19 has put Chinese gross domestic product on track to grow just 2% in 2020, based on Bloomberg Economics’ projections — this is strong by global comparison, but the Continue Reading
The first two quarters of the current year have been brutal to U.S. oil and gas companies. According to Refintiv data , the energy sector has recorded the lowest Q2 Continue Reading
A Japanese consortium led by NYK Line launched a pilot project Sept. 1 to demonstrate the operation of a high-powered fuel cell vessel by 2024 in order to commercialize such Continue Reading
NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., Nippon Kaiji Kyokai (ClassNK), and ENEOS Corporation announced that Japan’s New Energy and Industrial Technology Development Organization (NEDO) Continue Reading
High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They are based on a common cold virus that many people have been exposed to, potentially limiting their Continue Reading
Democratic presidential candidate Joe Biden said on Monday that he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Continue Reading
The nuclear industry has been stalled for years now, struggling to compete with cheaper forms of power and viewed as suspect ever since the accidents at Fukushima, Chernobyl and Three Continue Reading
Getting an Amazon package delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday it had granted Amazon approval to deliver packages by drones. Continue Reading
The United States may have already seen three hurricane landfalls, including that of Category 4 Laura, but the historical peak of Atlantic hurricane season hasn’t even arrived yet. The tropics Continue Reading
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About 360,000 power customers remained without electricity in Arkansas, Louisiana and Texas on Aug. 31 in the wake of the cyclone Laura, diminishing power demand, and Entergy is warning its Continue Reading
Highlights Q2 deliveries totaled 10.23 million st McElroy takes over as largest supplying mine Houston — Northern Appalachian coal deliveries to US power plants fell to 10.23 million st in Continue Reading
US oil and natural gas operators continued restoring production from Gulf of Mexico platforms that had been shut-in in advance of Hurricane Laura as that monster storm barreled through the Continue Reading
A swift recovery in fuel consumption by U.S. drivers is petering out, posing new challenges to the oil market, economy and global energy industry. After demand for gasoline surged from mid-April to Continue Reading
Henry Hub cash prices were down sharply Aug. 31 as offshore and Gulf Coast gas production previously shuttered by Hurricane Laura continued to come back online, pressuring the regional supply-demand Continue Reading
Approximately 69.76 percent of the current oil production in the U.S. Gulf of Mexico remained shut in as of August 30. Approximately 69.76 percent, or 1.29 million barrels per day, Continue Reading
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German unemployment eased for a second month as the economy slowly recovered from the coronavirus pandemic. A drop of 9,000 in August left the total number of jobless people at 2.92 Continue Reading
