Chinese officials said Monday that gross domestic product expanded by 4.9% in the third quarter from a year earlier, putting China’s economy back toward its pre-coronavirus trajectory half a year Continue Reading
As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under Continue Reading
Debris lies scattered around the destroyed upper-level apartment of David Frantz and Pamela Elliott at the Westdale Court apartments in Cedar Rapids, Iowa, on Aug. 16. (KC McGinnis for The Continue Reading
China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid Continue Reading
During a town hall meeting Thursday, Democratic presidential nominee Joe Biden again assured shale producers that he wouldn’t ban fracking if elected. Then, in virtually the same breath, he touted Continue Reading
Investors watch New York closely because Wall Street slices such loans up, packages them together into bonds and sells them to pension funds and asset managers worldwide. Collapsing prices for Continue Reading
As the coronavirus continued to surge in many parts of the United States, officials and experts offered starkly different outlooks on Sunday about what was to come and when the Continue Reading
It’s Friday night in Moscow, and popular bars and restaurants in the city center are packed. No one except the staff is wearing a mask or bothers to keep their Continue Reading
Poland plans to open a temporary hospital at the national stadium in Warsaw as it faces a spike in coronavirus cases and a health system overload, the government said on Continue Reading
Oil posted a small weekly gain on tentative signs that demand is picking up even as a new wave of coronavirus cases casts a shadow over the market. Futures in Continue Reading
Oil prices edged lower on Friday, dragged down by concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag on demand in two Continue Reading
Oil fell toward $40 a barrel as the prospect of a resurgent virus forcing more stay-at-home measures in Europe and the U.S. outweighed a bigger-than-expected drop in American stockpiles. (Bloomberg) Continue Reading
Yet another oil price rally has been cut short by COVID, with cases climbing in both the U.S. and across Europe as hopes of speedy oil demand recovery fade. For Continue Reading
In 2018, while much of the world was leaving coal-fired power in the past and moving toward greener pastures (so to speak) coal was barreling full steam ahead in the Continue Reading
Azerbaijan and Armenia accused each other on Saturday of fresh attacks in violation of a week-old Russian-brokered truce that has failed to halt the worst fighting in the South Caucasus Continue Reading
Seven months after screens went dark, cinemas reopened Thursday in much of India with mostly old titles on the marquee — a sign of the country’s efforts to return to Continue Reading
Argentina unveiled this week a new plan for natural gas development, looking to attract US$5 billion in company investments to revitalize gas production in the Vaca Muerta shale play and Continue Reading
China, which has been on an oil-buying binge since the start of the pandemic, is now retreating as storage space fills up and demand for fuels in the regions it Continue Reading
The race for driverless autonomous vehicles is heating up and on Thursday Cruise became the first to receive a permit to test cars without anyone in them on the streets Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 205—a gain that may push prices down further. The total number Continue Reading
Illinois approved this week the plan for the Dakota Access Pipeline to double its capacity from 570,000 bpd to 1.1 million bpd, thus becoming the last state along the pipeline’s Continue Reading
The federal Canadian government has allocated US$15.11 million (C$20 million) for investments in mini nuclear power plants as part of efforts to reduce the country’s carbon footprint. The money will Continue Reading
396,000 marginal stripper oil wells produced 284 million barrels of oil in 2016 in the United States. So who really gives a rats ass, right? All of the US shale Continue Reading
ConocoPhillips is nearing a deal to acquire Concho Resources Inc. , according to people familiar with the matter, in what could be the largest shale industry deal since the collapse Continue Reading
The survey of new orders for long-lasting goods contains one of the most closely watched U.S. economic indicators. WSJ explains durable goods, and why investors look beyond the headline number Continue Reading
People dine in plastic tents at a Manhattan restaurant on Thursday. For the first time since late July, the tally of newly reported coronavirus cases in the United States surpassed Continue Reading
The world’s largest oilfield services provider, Schlumberger ( NYSE: SLB ), reported on Friday its third consecutive quarterly loss this year as exploration and production companies drastically reduced demand for Continue Reading
As spot gas markets in the Permian Basin struggle to gain a foothold above $1 this month, forwards traders appear confident that winter prices there will likely climb to their Continue Reading
General Motors announced its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. The name Factory ZERO reflects the significance of this facility Continue Reading
The U.S. budget deficit hit a record $3.132 trillion during fiscal 2020, more than triple the 2019 shortfall due to massive coronavirus rescue spending, the U.S. Treasury said on Friday. Continue Reading
Negotiations between Britain and the European Union are set to continue next week even after Boris Johnson said he believes a trade deal is now unlikely. The prime minister insisted the Continue Reading
Crude futures fell during mid-morning Asian trade Oct. 16, extending overnight losses, as a decline in US exports and escalating coronavirus restrictions overshadowed the large draw in US crude inventories. Continue Reading
Oil recovered from early losses amid shrinking American crude and refined product stockpiles. (Bloomberg) — Oil recovered from early losses as shrinking American crude and refined product stockpiles offset signs Continue Reading
Global oil demand is forecast to peak by around 2040 because transport-fuel demand will decline steeply and economic growth will slow in the post-coronavirus world, the Institute of Energy Economics, Continue Reading
Oil recovered from early losses as shrinking American crude and refined product stockpiles offset signs that the fragile demand recovery is under threat. Futures in New York ended the session little Continue Reading
Oil forecasters have had the same long-term challenge for decades: figuring out how much of the world’s liquid hydrocarbons will be in demand years into the future, and where, and Continue Reading
The renewable energy sector has lately been sizzling with very bullish projections–and a few bearish ones–coming from Wall Street. Solar stocks have especially been shooting the lights out as a Continue Reading
In today’s IEA’s annual World Energy Outlook 2020 report, the OECD energy watchdog states that it doesn’t see a peak oil demand before 2040, only a possible oil demand flattening. Continue Reading
Nuclear energy has long been touted as a promising form of energy production for a decarbonizing global economy. Nuclear power is efficient, it’s established, and it has zero carbon emissions. Continue Reading
Agricultural commodity buyers from Cairo to Islamabad have been on a shopping spree since the Covid-19 pandemic upended supply chains. Jordan has built up record wheat reserves while Egypt, the world’s Continue Reading
“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the Continue Reading
Data for the OPEC charts below are from the OPEC Monthly Oil Market Report and is in thousand barrels per day. All data is through September 2020. There was little Continue Reading
“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the Continue Reading
A new payload that Elon Musk’s SpaceX will deliver into orbit next month will play a pivotal role in measuring sea level increases, potentially helping to spare economies from billions of euros in Continue Reading
A panel of the OPEC+ group is discussing on Thursday the current major downside risks to oil prices—the return of oil supply from Libya and the rising coronavirus cases that Continue Reading
Highlights Barkindo says global oil demand ‘still looking anemic’ Monitoring committee meets Oct 19, catch-up cuts in focus Market risks ‘skewed to the downside,’ OPEC+ analysis says London — With Continue Reading
Under pressure from the OPEC-plus coalition to compensate for past over-production, Iraq makes painful cuts mainly from IOC-operated fields. Iraqi Drilling Company personnel drill a well at the West Qurna Continue Reading
A demonstration in Lagos, Nigeria, on Thursday continued more than a week of protests against police brutality. Nigeria’s army signaled it was prepared to intervene in a standoff between a Continue Reading
A colossal dam is near completion on Ethiopia’s stretch of the Nile, a project so large that it promises to set the country on a path to industrialization that could Continue Reading
The Nigerian National Petroleum Corporation (NNPC) said in a very rare financials release on Thursday—the second in over four decades—that its losses shrank by 99.7 percent in 2019, while “the Continue Reading
