NASA Doubles Down On Nuclear Fusion Ambitions
Energy analysts tend to agree that nuclear fusion will have to replace fission at power plants to bring back more support for nuclear as a clean energy source. The challenge Continue Reading
The $22 Billion Railway Bringing Hope To Canada’s Oil Province
U.S. President Donald Trump is set to approve a $22-billion freight railway project that will run between Alberta and Alaska to transport a variety of commodities such as oil, ore, Continue Reading
Haynesville drilling, gas production climb bolstered by rising Henry Hub forwards
Rig counts and gas production in the Haynesville Shale are on the rise recently as stronger winter forwards prices and an anticipated uptick in LNG demand brighten the outlook for Continue Reading
PG&E Will Cut Power in Parts of California to Prevent More Fires
A wildfire ripping through Northern California’s wine country has more than tripled in size, forcing thousands of evacuations and endangering properties in a region devastated by blazes just three years Continue Reading
Devon to Become Bigger Permian Player
Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation Continue Reading
Rosneft warns BP and Shell creating ‘existential crisis’ for oil supplies
Russia’s Kremlin-controlled oil company has warned that BP and Royal Dutch Shell are creating an “existential crisis” for oil supplies that will lead to higher prices, attacking their shift towards Continue Reading
German car industry counts cost of Covid and technological change
Under overcast skies, a scythe-wielding man dressed as the Grim Reaper led hundreds of masked protesters out of the gates of one of Germany’s oldest manufacturing sites in the Bavarian Continue Reading
Oil Falls Below $40 on Uncertain Demand With Libya Supply Rising
Oil slipped near $40 a barrel in New York, with Vitol Group seeing uncertain global demand and Libyan production surging after a blockade on energy facilities was partially lifted. Prices have little Continue Reading
Biggest Independent Oil Trader Sees Price Gains Unlikely in 2020
Crude prices will have little room to rise in the next quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions on the economy, according to Vitol Continue Reading
Global oil inventories expected to drop below 5-year average in Q2 2021: OPEC
OECD commercial oil inventories are expected to stand slightly above the five-year average through Q1 2021, before dropping below that benchmark for the remainder of the year, OPEC Secretary General Continue Reading
The Most Important Climate Pledges Aren’t the Splashy Ones
It’s Climate Week in New York, which brings with it a raft of announcements from companies outlining their new decarbonization targets and clean investment strategies. Some of the declarations are Continue Reading
Armenia and Azerbaijan declare martial law and mobilise over enclave
Armenia and Azerbaijan have declared martial law and mobilised their armed forces after clashes escalated over the disputed enclave of Nagorno-Karabakh, killing several people on Sunday. Both sides blamed each other Continue Reading
Fighting Flares Between Azerbaijan and Armenia
Fighting that was reported to be fierce broke out on Sunday between Azerbaijan and Armenia and quickly escalated, with the two sides claiming action with artillery, helicopter and tanks along Continue Reading
New fighting between Armenia and Azerbaijan threatens to reignite 30-year-old conflict
People attend a meeting to recruit military volunteers in Yerevan, Armenia, on Sunday. MOSCOW — Renewed fighting between Armenia and Azerbaijan on Sunday threatened to reignite a three-decade-old conflict over Continue Reading
Azerbaijan denies Turkey sent it fighters from Syria amid Karabakh fighting
An aide to Azerbaijan’s President Ilham Aliyev denied on Monday that Turkey had sent fighters from Syria to Azerbaijan amid fighting over the breakaway region of Nagorno-Karabakh. Armenia’s ambassador to Continue Reading
Gulf Nations Are Desperate For Higher Oil Prices
Gulf nations led by Saudi Arabia have been putting on a brave face and touting the strength of their economies, claiming they can withstand any scale of shocks during the Continue Reading
Saudi Arabia Sends Blue Ammonia to Japan in World-First Shipment
The world’s first shipment of blue ammonia is on its way from Saudi Arabia to Japan, where it will be used in power stations to produce electricity without carbon emissions. Saudi Continue Reading
U.S. Warns Iraq It Is Preparing to Shut Down Baghdad Embassy
The U.S. ambassador to Iraq, Matthew Tueller, told Iraq’s foreign minister, Fuad Hussein, the policy decision had been directed by President Trump and that the two countries had entered a Continue Reading
Mexico’s Crude Oil Future Is In Jeopardy
The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing the prospects Continue Reading
Climate Change: Hope for Carbon Goals Set by China, California, EU
After a week of far-reaching climate promises measured over decades, four of the world’s six largest economies have now proposed ending dates for their carbon emissions. President Xi Jinping’s surprise announcement at the Continue Reading
China’s Carbon Neutrality Goal is Good Policy and Good Politics
Xi Jinping speaks virtually during the United Nations General Assembly on Sept. 22. 2020. Sign up to receive the Green Daily newsletter in your inbox every weekday. Talk is cheap. Continue Reading
China’s Rebound Lost Momentum in September, Early Data Show
China’s economic rebound showed signs of plateauing in September, weighed down by lackluster home and car sales, a weaker stock market and worsening business confidence. Recovery Plateauing Outlook worsened, suggesting Continue Reading
Volkswagen, Chinese ventures to invest 15 billion euros in electric vehicles
Volkswagen AG VOWG_p.DE said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world’s biggest car Continue Reading
China’s Top Climate Scientists Map Out Path to 2060 Goal
The most ambitious climate goal the world’s ever seen now has a road map for how to arrive at it. One of China’s top climate research institutes on Sunday laid out Continue Reading
Tesla’s Nemesis in China Is a Tiny $5,000 Electric Car From GM
Hongguang MINI EV Known globally for its trucks and muscle cars, General Motors Co. has scored a surprise hit in China with its local partners: a petite electric vehicle that Continue Reading
Four U.S. states including Wisconsin report record one-day increases in COVID-19 cases
Four U.S. states reported record one-day increases in new COVID-19 cases on Friday as the nation surpassed the grim milestone of over 7 million total infections, according to a Reuters Continue Reading
Value of U.S. commercial property slashed by 27%, Financial Times reports
The economic effects of the coronavirus are battering the U.S. commercial-backed securities market, raising the question of the value of hotels, malls, and other buildings that act as collateral for Continue Reading
PG&E Warns It May Cut Power to 97,000 Customers to Avoid Fires
PG&E Corp. warned it may need to cut power about 97,000 homes and businesses this weekend — almost five times more than it earlier anticipated — to prevent its equipment Continue Reading
Can Tesla Really Produce A $25,000 Self-Driving Electric Car?
During Tuesday’s much-hyped battery day, Tesla CEO Elon Musk laid out plans to put everyone behind the wheel ( or is that sleeping in the back ) of a $25,000 Continue Reading
Why Is Nuclear Energy So Expensive?
We all knew that 2020 would be an incredibly tough year for nuclear energy. In the United States, the sector has been on the decline for years, saddled with hazardously Continue Reading
Could Thorium Revive The Nuclear Energy Industry?
For decades, the nuclear energy sector has been regarded as the black sheep of the alternative energy market thanks to a series of high-profile disasters such as Chernobyl, Fukushima, and Continue Reading
Natural Gas Will Rule The US Energy Market For Decades
Natural gas was first hailed as the bridge between the fossil fuel past and the renewable future. Then it came under fire because although cleaner than oil and coal, it Continue Reading
Gavin Newsom’s Energy Hubris Relates Directly To “Peak Oil”
Three big oil and gas-related stories this week were all interrelated with one another, though few really understand that to be the case. Those stories were: For Governor Newsom, banning Continue Reading
PG&E Will Cut Power in Parts of California to Prevent More Fires
PG&E Corp. was cutting power to about 195,000 people across Northern California in an attempt to keep its power lines from sparking wildfires amid another round of extreme heat, dry Continue Reading
The Unintended Consequences Of Fossil Fuel Divestment
The stability of the global oil market is under threat. The impact of COVID-19 and the resultant demand destruction has put an ever-increasing amount of oil and gas producers on Continue Reading
Exclusive: U.S. shale producer Devon in talks to acquire peer WPX
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar Continue Reading
Crude Oil Prices: Russia Expects Long Recovery for Global Demand
Russia expects a long and gradual revival of the oil market after the pandemic this year crushed energy demand across the world. “The recovery won’t be fast, it will take quite Continue Reading
French hospitals delay operations to cope with COVID surge
Hospitals in the Paris and Marseille regions are delaying some scheduled operations to free up space for COVID-19 patients as the French government tries to stem a rising tide of Continue Reading
Bavarian leader backs California-style deadline for gas cars
The governor of Bavaria, the state that’s home to German automakers BMW and Audi, has backed a deadline for phasing out gasoline-powered vehicles akin to the 2035 date proposed by Continue Reading
Russian businesses prepare for fresh lockdowns as Covid-19 cases soar
Russia has the world’s fourth-highest number of Covid-19 infections but government data had shown a steady decrease in new cases since they peaked in mid-May. That decline had encouraged the Kremlin Continue Reading
UK eyes tougher COVID-19 restrictions for England as outbreak spreads
The British government is mulling tougher restrictions in England to tackle a swiftly accelerating second wave of the novel coronavirus outbreak, possibly outlawing more inter-household socialising, a junior health minister Continue Reading
Hundreds of anti-coal campaigners protest at German mine
Hundreds of anti-coal activists staged protesters in and around a mine in western Germany on Saturday, demonstrating against the continued extraction and use of fossil fuels in Europe’s biggest economy. Continue Reading
Europe Invites a Trade Battle in its Fight Against Shipping Pollution
The plan still has a long way to go before it potentially takes hold, but it’s drawing sharp criticism from the shipping industry and raises the prospect of a broader Continue Reading
Oil Prices for Sep. 25, 2020: Brent Crude, WTI
Oil fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand. New York futures edged lower Friday and Continue Reading
Bullish Sentiment Extinguished By Demand Fears
With oil prices having rebounded above $40 last week on the back of inventory draws and hurricane outages, bearish sentiment returned to markets this week due to a second wave Continue Reading
Oil Futures Capped By Demand Concerns
U.S. West Texas Intermediate crude oil futures are set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, Continue Reading
Crude, product prices diverge as market eyes US stimulus, European COVID-19 situation
Crude prices were holding lower in midday US trading Sept. 25 as the market eyed rising COVID-19 cases in Europe as well as fresh hopes for more US stimulus spending. Continue Reading
Why Natural Gas Prices Are Set To Soar
The highly volatile U.S. natural gas benchmark prices are set to trend higher in the coming months amid lower domestic production, higher demand in the winter, and recovering global gas Continue Reading
Analysis: World has already passed ‘peak oil’, BP figures reveal
The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals Continue Reading
Ocean Heat Waves Are Directly Linked to Climate Change
Six years ago, a huge part of the Pacific Ocean near North America quickly warmed, reaching temperatures more than 5 degrees Fahrenheit above normal. Nicknamed “the blob,” it persisted for Continue Reading