President Xi Jinping’s surprise announcement that China plans to go carbon-neutral by 2060 has left many questions, none more important than: “How?” China is the world’s largest energy user and greenhouse Continue Reading
Coal-fired power has been dying everywhere except where it poses the greatest threat. Draw a line down the world around the longitude of the Nile. The region to the west — encompassing Europe, Continue Reading
A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House Continue Reading
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or Continue Reading
At World Oil, we have finished compiling the 2020 mid-year forecast update for drilling and production. On the drilling side, we now can tell you, our readers, that if this Continue Reading
The Trump administration is urging U.S. lawmakers to pass separate bills to aid airlines and other sectors, given failure to reach agreement on a broader package of stimulus funding, White Continue Reading
Ten cities around the world on Tuesday joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Continue Reading
A bartender prepares a drink during Clemson University’s first home football game in Clemson, South Carolina Sept. 19, 2020. More than 3,000 people have died in South Carolina since the Continue Reading
Analysts have estimated that battery pack prices should drop to US$100/kWh so that electric vehicles have a chance to compete with cost with the internal combustion engine. Automakers and industry Continue Reading
Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast. (Bloomberg) — Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast, pounding it Continue Reading
Tesla Inc. laid out a road map to build a $25,000 car by 2023 and eventually 20 million cars a year, part of a highly anticipated presentation that was short Continue Reading
Tesla is working on cheaper, more powerful batteries for its electric cars, but many of the required innovations are still works in progress, its chief executive, Elon Musk, said Tuesday Continue Reading
Elon Musk used Tesla’s much-anticipated Battery Day presentation not to disclose some super cell, but to outline an aggressive, comprehensive and radically innovative approach to battery design, manufacturing and vehicle Continue Reading
Israel became the first developed country to impose a second nationwide lockdown amid rising Covid-19 cases. As businesses are forced to close ahead of major Jewish festivals, WSJ’s Dov Lieber Continue Reading
The United States is building a coalition aimed at preventing the completion of the Nord Stream 2 pipeline that will substantially increase the flow of Russian gas into Europe, the Continue Reading
Finnish biofuel producer and oil refiner Neste NESTE.HE said on Wednesday it had signed an agreement with Shell Aviation to significantly increase the supply and availability of sustainable aviation fuel. Continue Reading
FILE PHOTO: Alexander Dyukov, the head of Gazprom Neft, talks to the media as he leaves after a meeting of Russian Energy Minister Alexander Novak with country’s oil companies in Continue Reading
The U.K.’s economic recovery slowed this month, adding to signs the nation’s consumer-led rebound is running out of steam. IHS Markit’s flash composite Purchasing Managers Index slipped to 55.7 in September Continue Reading
France’s economic recovery stumbled this month, with a report showing a decline in activity, demand and employment in the private sector. IHS Markit’s composite Purchasing Managers Index unexpectedly fell to a Continue Reading
The British government says there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break Continue Reading
Prime Minister Boris Johnson has always looked for the silver lining in Britain’s response to the pandemic. Last spring, he promised to “send coronavirus packing” in 12 weeks. In the Continue Reading
Oil futures recovered slightly during the mid-morning trade in Asia Sept. 22, after the prospect of renewed lockdowns amid a potential resurgence of the coronavirus pandemic drove futures down Sept. Continue Reading
Oil prices settled sharply lower Sept. 21 as the market eyed rising Libyan production and the prospect of more demand-destroying lockdowns on the horizon in Europe. NYMEX October WTI settled Continue Reading
Oil declined in Asia following its biggest weekly gain since June as a stubbornly persistent coronavirus and a lack of clarity over the global energy demand recovery tempered investor optimism. Continue Reading
Despite being only 9 months in, this year has provided us with a rollercoaster of developments on the oil market and upended the market’s usual understanding of where crude differentials Continue Reading
The cash price for Henry Hub plummeted on Sept. 21 as there was downward pressure in the region from decreased demand. Receive daily email alerts, subscriber notes & personalize your Continue Reading
Natural gas prices plunged on Monday by more than ten percent as the outlook for demand and LNG exports worsened as multiple Hurricanes caused disruptions in the U.S. Gulf of Continue Reading
This summer’s Arctic sea-ice shrank to its second lowest ever extent in the era of satellite observation. The floes withdrew to just under 3.74 million sq km (1.44 million sq Continue Reading
How long does the world have left to act before an irreversible climate emergency alters human existence as we know it? A new digital clock unveiled in Manhattan’s Union Square Continue Reading
While climate activists call on oil and gas giants to ‘keep it in the ground,’ many products of our modern way of life – from clothing and cosmetics to detergents Continue Reading
Officials at chemical giant BASF and investor-owned utility Southern California Edison are moving the energy transition forward through efforts such as electrifying steam cracker technology, increased use of hydrogen and Continue Reading
Iran has shifted its military strategy regarding U.S. forces in Iraq ahead of the U.S. presidential election in November, reducing the number of rockets launched at bases and potentially withholding Continue Reading
Secretary of State Mike Pompeo said he expects all U.N. countries to fully comply with Washington’s declaration that “snapback” sanctions from the 2015 nuclear agreement are in effect despite the Continue Reading
Iraq, the world’s second-worst gas flarer, could generate over 3.5 GW of power by capturing 40% of associated gas that is currently burned, a GE executive said Sept. 20. “In Continue Reading
The Trump administration outlined an array of new measures that are intended to preclude China and Russia from selling weapons to Iran and to block the shipment of goods that Continue Reading
Secretary of State Mike Pompeo, right, listens as Defense Secretary Mark T. Esper discusses new measures against Iran on Sept. 21. In a show of its resolve to crack down Continue Reading
Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain. Saudi Arabia stepped up its Continue Reading
Syria is crucial to Russia for three key reasons. First, it is currently the principal Western point of the Shia crescent of power that stretches from Syria and Lebanon through Continue Reading
India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly US$700 million in the process, India’s Continue Reading
Iraq is joining a global alliance to procure future COVID-19 vaccines — a longer-term measure to combat a pandemic that is likely to worsen in the meantime. “I don’t expect Continue Reading
Libya’s state-owned National Oil Corp. expects its production to rise to 260,000 b/d during the week starting Sept. 27 following the lifting of force majeure and the end of an Continue Reading
Chineme Okafor , tracks the progress of work at Waltersmith’s first phase refinery project and reports that all things being equal Nigeria could get its first structured modular refinery in Continue Reading
Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record Continue Reading
The U.S. industrial sector saw its consumption of natural gas drop as economic activity slowed with the lockdowns in response to the COVID-19 pandemic, the U.S. Energy Information Administration (EIA) Continue Reading
Offshore US Gulf of Mexico oil and gas production continued to recover Sept. 21 as Tropical Storm Beta was preparing to make landfall along the Texas coast, US Bureau of Continue Reading
The number of new infections in the U.S. increased sharply and the death toll hovered just below 200,000, as some guidelines and practices for stopping the disease’s spread have been Continue Reading
The U.S. economy is likely to grow more slowly in coming decades and the public debt burden will increase more than previously forecast, due in large part to the coronavirus-induced Continue Reading
As Tropical Storm Beta drenches the Texas Gulf Coast, utilities in Alabama, Florida and Louisiana worked on Sept. 21 to restore electricity to customers previously cut off by hurricanes Laura Continue Reading
Volvo Trucks North America announced today that third-party supply chain solutions provider NFI began piloting two Volvo VNR Electric trucks as part of the Volvo LIGHTS (Low Impact Green Heavy Continue Reading
The vast Illinois factory floor that will produce electric delivery vans for Amazon.com Inc. is starting to fill up. Battery and chassis assembly here. Tire storage there. A titanic, three-story metal Continue Reading
