China’s Crude Oil Imports Are Slowing Down
China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing imports this month Continue Reading
Trump Environmental Record in Charts: Oil, Coal Promises Unfulfilled
The 45th president’s stance on climate change was established long before he entered the White House. It’s a hoax, he argued, and fossil fuel is an unequivocal good for the nation. Trump Continue Reading
Active Oil Rigs Fall Again As WTI Finishes Strong
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 179. The total number of active oil and gas rigs increased Continue Reading
Western US Gulf of Mexico evacuations beginning ahead of tropical storm
The first evacuations and crude oil shut-ins from deepwater platforms began Sept. 18 from the western Gulf of Mexico in advance of a tropical depression that’s coming on the heels Continue Reading
API: US petroleum demand continued to increase in August
US petroleum demand increased in August, and supply decreased, while Gulf Coast refineries, petrochemical plants, and export terminals coped with seasonal disruptions due to Hurricane Laura, according to the American Continue Reading
How much oil left in America? Not much
Preface . If you think we have no worries because we can get arctic oil , think again. We can’t because icebergs mow drilling platforms down in the ocean. On Continue Reading
The Answer to the Electric-Car Conundrum Isn’t Elon Musk
Dozens of new electric-vehicle models are expected to arrive at dealerships in the next few years. We followed eight Wall Street Journal reporters in four countries to see if they, Continue Reading
How to Ship a Vaccine at –80°C, and Other Obstacles in the Covid Fight – The New York Times
Many things will have to work out to end the coronavirus pandemic. Drug companies will have to develop a safe and effective vaccine. Billions of people will have to consent Continue Reading
Russian Oil Minister: Global Oil Inventories Are In Decline
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated Continue Reading
European Parliament votes to phase out conformity factor for new car emissions under real driving conditions by Sep 2022
As of September 2022, new cars must meet EU limits on NO x emissions under real driving conditions to comply with air pollution limits, the European Parliament has voted . Continue Reading
Gazprom advancing Power of Siberia 2 gas pipeline
Gazprom chairman Alexey Miller told Russian president Vladimir Putin in a working meeting that design and survey work on the 50 billion cu m/year Power of Siberia 2 natural gas Continue Reading
UK Energy Firms Could Switch Off EV Chargers As Demand Peaks
New rules proposed in the UK could see electricity distributors switching off electric vehicle (EV) chargers at home connected to the smart meter system to prevent grid overloads in case Continue Reading
Crude prices higher following OPEC+ meeting
Crude oil future prices ticked higher during the mid-morning trade in Asia Sept. 18, as the markets continued to price in a commitment from the OPEC to ensure that the Continue Reading
Oil Prices for Sep. 18, 2020: Brent Crude, WTI
Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group’s production cuts amid signs Continue Reading
Oil Prices Get Boost from Saudi Call for Compliance
Oil posted its largest three-day advance since May after Saudi Arabia forcefully renewed calls for OPEC+ members to adhere to their production quotas. Futures in New York climbed 2% on Continue Reading
Oil Jumps With Saudi Arabia Lambasting OPEC+ Laggards
Oil posted its largest three-day advance since May after Saudi Arabia forcefully renewed calls for OPEC+ members to adhere to their production quotas. Futures in New York climbed 2% on Continue Reading
Natural Gas Craters After Weak Demand, Glut Blindside Bulls
For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain Continue Reading
Oversupply Adds To Grim Oil Demand Outlook
OPEC and the International Energy Agency delivered bad news for the oil market this week. Both authorities revised their oil demand forecasts for this year, and both revised them downwards. Continue Reading
The $60 Trillion Price Tag For A World With Net-Zero Emissions
The world can achieve net-zero greenhouse gas emissions by the middle of this century for an annual investment of US$1 trillion-US$2 trillion, or up to US$60 trillion over the next Continue Reading
Growing number of airlines offer ‘flights to nowhere’ as international travel remains stalled – The Washington Post
With international travel in much of the world still disrupted by the coronavirus pandemic, some airlines are resorting to “flights to nowhere” that target passengers who long for air travel — Continue Reading
New rival to power plants: chains of electric vehicles selling into the grid
Rooftop solar generators, electric vehicle batteries and other small energy resources will be allowed to supply wholesale power markets in the US, in a challenge to top-down delivery systems controlled Continue Reading
Saudi Prince Calls for End to OPEC+ Cheating
The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude. (Bloomberg) — Saudi Arabia showed its determination to stop Continue Reading
Exclusive: Trump plans executive order to punish arms trade with Iran
U.S. President Donald Trump plans to issue an executive order allowing him to impose U.S. sanctions on anyone who violates a conventional arms embargo against Iran, three sources familiar with Continue Reading
Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge
Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent months Continue Reading
Saudi Oil Exports Rose In July From Record Lows
Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports rise to 5.734 million barrels per day (bpd) in July, up from a historic low of below 5 Continue Reading
Saudi energy minister presses OPEC+ members on fulfilling pledged oil cuts
Highlights Monitoring committee meets to review output cut compliance 2.375 mil b/d compensation cuts due for May-Aug excess Prince Abdulaziz calls for all compensation delivered by year-end London — Saudi Continue Reading
Shell files offshore drilling plans for Alaska’s North Slope
Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years. The Dutch oil industry giant applied Continue Reading
U.S. Unemployment Claims Held Steady at 860,000 Last Week
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
California’s fires are putting a huge amount of carbon dioxide into the air – The Washington Post
California’s unprecedented wildfires, driven by man-made climate change, are pumping the atmosphere with tens of millions of tons of carbon dioxide that will only drive global temperatures higher. Two scientists Continue Reading
Lower Oil Production Hits Pipeline Operators Hard
Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers on the Continue Reading
A Wave Of Consolidations Hit Canada’s Oil Patch
A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the Continue Reading
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead Continue Reading
GM Considers Expanding Into Electric-Flying Air-Taxis
Like an elderly man wobbling into a party and trying to fit in with young kids by using “hip new lingo”, General Motors – days after seeing its partnership with Continue Reading
US oil and gas rig count up 6 at 293; Permian slightly slides: Enverus
The US oil and gas rig count climbed six in the week ended Sept. 16 to an eight-week high 293, rig data provider Enverus said Sept. 17, but drilling activity Continue Reading
More than 30% of US Gulf offshore oil still offline after Hurricane Sally
More than 30% of US Gulf of Mexico offshore oil and 25% of natural gas output remained offline Sept. 17 after Hurricane Sally made landfall the day prior, according to Continue Reading
Weekly US coal production falls to seven-week low, all basins dip: EIA
Weekly US coal production fell to a seven-week low 10.34 million st in the week ended Sept. 12, down 3.3% from a week earlier and 26.4% lower than the year-ago Continue Reading
Abandoned Gas Wells Are Left to Spew Methane for Eternity
California’s unprecedented wildfires, driven by man-made climate change, are pumping the atmosphere with tens of millions of tons of carbon dioxide that will only drive global temperatures higher. Two scientists Continue Reading
Is This The Final Nail In Coal’s Coffin?
Coal headlines this summer have been uniformly doom-and-gloom, with stories like “ Renewables surpass coal in US energy generation for first time in 130 years ” from the Guardian, “ Continue Reading
More than 485,000 without power after Sally, Laura hit the Gulf Coast
Four weeks after Hurricane Laura and one day after Hurricane Sally made landfall, almost 485,000 power customers lack service in Alabama, Florida, Georgia and Louisiana, which has weakened power demand Continue Reading
BP Sees Peak Oil, Even Without Major New Laws on Climate Change
One of the biggest international oil companies has concluded that oil consumption will peak this decade. That’s the main takeaway from BP Plc’s annual energy outlook published this week outlining a handful of scenarios Continue Reading
Coronavirus: WHO says weekly cases in Europe eclipse March peak
The Czech Republic announced a record number of daily cases New weekly coronavirus cases in Europe have exceeded the numbers reported when the pandemic first peaked in March, the World Continue Reading
Why forest fires in Siberia, Russia threaten us all
Wildfires in Siberia have been releasing record amounts of greenhouse gases, scientists say, contributing to global warming. The fires, fuelled by abnormally high temperatures, have been burning as far north Continue Reading
EC urges EU to spend billions on renewables, clean transport
The European Commission is urging EU national governments to prioritize using EU economic recovery fund money to promote renewables, energy efficiency and clean transport, it said Sept. 17. Not registered? Continue Reading
Second UK lockdown? COVID hospital admissions double every eight days
Britain’s health minister said on Friday that the novel coronavirus was accelerating across the country, with hospital admissions doubling every eight days, but refused to say if another national lockdown Continue Reading
Britain’s Health Secretary says virus is accelerating, warns of possible new nationwide lockdown
Health Secretary Matt Hancock said Friday that the coronavirus was once again “accelerating” in Britain and did not rule out the possibility of another nationwide lockdown if cases continue to Continue Reading
Crude oil futures fall ahead of OPEC+ meeting
Crude oil futures fell during mid-morning trade in Asia Sept. 17 despite the draw on US crude inventories, as the market awaited news from the impending OPEC+ meeting. Not registered? Continue Reading
Oil Drops Below $40 With Strong Dollar After Surge on Stockpiles
Oil dropped below $40 a barrel with a stronger dollar after the biggest surge since June following a surprise decline in U.S. crude stockpiles. Futures in New York slid 1.7% Continue Reading
Light Crude Surges Nearly 5%
Oil jumped the most since early June as shrinking crude stockpiles and dovish signals from the Federal Reserve buttressed hopes for an economic recovery. Futures in New York surged 4.9% Continue Reading
OIL FUTURES: NYMEX WTI surges 5% following US crude draw
Crude prices settled sharply higher Sept. 16 after US Energy Information Administration data showed US crude inventory draws resumed during the week ended Sept. 11. Not registered? Receive daily email Continue Reading
Demand Accelerates for Floating Fuels Storage
Big oil traders are rushing to book tankers with a view to storing a glut of refined petroleum like diesel and jet fuel on the world’s oceans. The interest in Continue Reading