Iraq’s Oil Ministry is attempting to displace some of the financial burden associated with its OPEC-related production cuts onto international oil companies (IOCs). The ministry’s move to scale down its Continue Reading
A tanker carrying 1 million barrels of Libya’s light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the Continue Reading
Iran is estimated to have exported nearly 1.5 million barrels per day (bpd) of crude oil and condensate so far in September, TankerTrackers told Reuters , in what would be Continue Reading
Argument U.S. diplomacy has failed. African diplomacy can’t afford to. Egypt and Sudan have threatened to withdraw from negotiations over the filling and operation of the Grand Ethiopian Renaissance Dam Continue Reading
The cargoes of Iranian gasoline that the United States seized more than a month ago continue to idle off the U.S. Gulf Coast amid a court battle over ownership of Continue Reading
Just outside the southwestern city of Chengdu, China is building an urban paradise bigger than Houston. Visitors are greeted by a sea of manicured grass encircling a man-made lake, dotted Continue Reading
With the U.S. oil industry reeling from the collapse in demand this year, the New Mexico shale patch has emerged as the go-to spot for drillers desperate to squeeze as Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 183. The total number of active oil and gas rigs increased Continue Reading
Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands ahead of the presidential election, which could Continue Reading
Job losses in the Canadian natural resources sector hit an all-time high in the second quarter, at 43,000, new statistical data has revealed, highlighting the grave impact the pandemic has Continue Reading
At least nine cargoes may have been lost to the global market during the month that Sempra Energy’s Cameron LNG has been offline, S&P Global Platts Analytics data show. The Continue Reading
CITGO Petroleum Corp. on Wednesday issued on update on its progress restoring operations at its Lake Charles, La., refinery, which sustained damage from Hurricane Laura nearly four weeks ago. In Continue Reading
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension Continue Reading
With COVID-19 deaths in the U.S. topping 200,000 this week following a rise in new daily cases last week for the first time in eight weeks, the role of the Continue Reading
Russia and the US continue to clash over the future of the Nord Stream 2 gas pipeline, with Moscow hitting out at calls from Washington for the creation of a Continue Reading
Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney Continue Reading
Crude oil futures ticked higher during mid-morning trade in Asia Sept. 25 amid hopes that the US Congress will resume discussions over a new stimulus deal. At 11.07 am Singapore Continue Reading
Oil gained as optimism that Congress may resume talks over another round of economic stimulus provided a glimmer of hope for an otherwise dreary demand outlook. Futures in New York advanced 1% Continue Reading
Oil gained as optimism that Congress may resume talks over another round of economic stimulus provided a glimmer of hope for an otherwise dreary demand outlook. Futures in New York Continue Reading
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
Wind and solar power are the main focus in the fight against climate change, but there are sources of greenhouse gases they can’t clean up. Manufacturing steel, cement and chemicals Continue Reading
Another COVID-19 problem that the U.N. is trying to solve: how to help more than 300,000 merchant mariners who are trapped at sea because of coronavirus restrictions. Describing the mounting Continue Reading
A technology that can capture greenhouse gases from wide swaths of the economy is gaining momentum after years of slow growth. Carbon capture, utilization and storage projects worth $27 billion are Continue Reading
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire, and some Continue Reading
Drilling rights and escalating tensions Tensions between Greece and Turkey over Eastern Mediterranean natural gas and oil fields, intertwined with maritime claims, have rapidly escalated in August 2020. On August Continue Reading
The Islamic Revolution Guards Corps (IRGC) of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of Hormuz, Continue Reading
Libya’s oil terminals at Hariga, Brega, and Zueitina are open for business and welcoming tankers to ship oil, although the biggest port and the terminal typically exporting the oil from Continue Reading
The sun had risen over the Caribbean Sea when Frank González spotted “the stain” — an oil slick on the water that stretched for miles. “The sea looked like butter, Continue Reading
The 2 nd wave of COVID-19/20 becoming an irreversible part of our reality, the global downstream sector has started to assess the damage done so far and the potential detriment Continue Reading
China’s electric vehicle startups are on the charge again, thanks to Tesla. The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of Continue Reading
As talks with Democrats on a new coronavirus aid package remain stalled, Senate Republicans proposed a ‘skinny’ stimulus bill. WSJ’s Gerald F. Seib explains why this might be Congress’s last Continue Reading
California’s decision to ban sales of new conventional vehicles starting in 2035 shows how regulators’ aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers Continue Reading
Scientists in Houston on Wednesday released a study of more than 5,000 genetic sequences of the coronavirus that reveals the virus’s continual accumulation of mutations, one of which may have made Continue Reading
Maintaining oil production will be the top priority for U.S. oil drillers for the next six months, according to the latest installment of the Dallas Fed quarterly energy survey . Continue Reading
As the Colorado oil and gas industry grapples with regulators seemingly intent on pushing back drilling setbacks fourfold, the state’s air quality commission adopted rules to strengthen monitoring of methane Continue Reading
The US oil and gas rig count rose by 15 to 308 in the week ending Sept. 23, rig data provider Enverus said, marking the largest weekly gain in more Continue Reading
A decade ago, some of the smartest minds at the U.S. Department of Energy set an ambitious goal: lower the cost of battery packs to $100 per kilowatt-hour from more than Continue Reading
The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how Continue Reading
House Speaker Nancy Pelosi (D-Calif.) at a news conference Thursday. House Speaker Nancy Pelosi abruptly shifted course Thursday and moved to assemble a new coronavirus relief bill to form the Continue Reading
While Permian oil and gas production was soaring in 2018, U.S. midstream operators were planning and building pipeline takeaway capacity, expecting that the largest U.S. shale play would increase output Continue Reading
ConocoPhillips (NYSE: COP) is the latest to issue forward-looking statements regarding the global oil demand forecast, stating that global oil demand would indeed return to 100 million barrels per day—and Continue Reading
California just started the clock on a future that a few years ago would’ve been unthinkable: dealerships full of nothing but zero-emissions cars. On Wednesday, Governor Gavin Newsom ordered regulators to phase Continue Reading
Foot traffic to U.S. restaurants and stores showed little improvement last week, high-frequency data show, and signs emerged of deepening stress for small businesses as economists worry the recovery from Continue Reading
Afternoon commuter traffic streams northward from Los Angeles on the State Route 14 freeway on May 13, 2020 in Newhall, California. Credit: David McNew/Getty Images If automakers weren’t already planning Continue Reading
The Prince of Wales rolled out a six-step “Marshall-like plan” aimed at putting the world on better footing to fight global warming. Prince Charles has warned that the unfolding climate emergency Continue Reading
Poland authorities and mining unions said on Thursday that an agreement on a plan to restructure the country’s unprofitable and polluting coal industry is imminent, as hundreds of workers protesting Continue Reading
Oil dropped in London and New York following warnings over global energy demand and the state of the U.S. economy. Crude fell along with other risky assets after Federal Reserve officials Continue Reading
Oil rose after a government report showed US distillate stockpiles declined the most since March but gains were limited. (Bloomberg) — Oil rose after a government report showed U.S. distillate Continue Reading
Crude oil prices reversed their decline today after the Energy Information Administration reported an oil inventory draw of 1.6 million barrels for the week to September 18. This compares with Continue Reading
During a panel discussion in which I participated recently with three energy experts, the moderator asked us if we agreed with the recent projection by British oil giant BP that Continue Reading
