White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in Continue Reading
The European Union (EU) is conditioning the United Kingdom’s access to the EU energy market to Britain, making concessions on the fishing rights in British waters, Bloomberg reports . In Continue Reading
Alternative, high-frequency data show economic activity in a number of major advanced economies dropped steeply in the first weeks of November amid a stark rise in Covid-19 infections and expanding Continue Reading
Oil steadied as the International Energy Agency warned the coronavirus vaccine breakthrough won’t quickly revive markets. Futures fluctuated between gains and losses near $41 a barrel. The IEA cut its forecasts for global Continue Reading
Oil edged higher but pared earlier gains as the risk of renewed lockdowns crimping demand in the near-term restrained a vaccine-driven rally. Futures in New York closed slightly higher Wednesday, Continue Reading
Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine that could boost demand and later Continue Reading
Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the International Continue Reading
In early 2017, the Texans for Natural Gas website went live to urge voters to “thank a roughneck” and support fracking. Around the same time, the Arctic Energy Center ramped Continue Reading
After parts of Europe went into lockdown again last week, a new wave of lockdowns throughout the world are threatening to tamp down oil demand yet again—and just when things Continue Reading
Just five of the 39 largest oil and gas companies have announced carbon-reduction targets that match levels needed to avoid a 2-degree Celsius temperature increase. And only 20 have taken initial steps to Continue Reading
Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a Continue Reading
Weak historical data and the resurgence of Covid-19 in Europe and the United States led us to revise down our near-term global demand outlook by 0.4 mb/d in 3Q20, 1.2 Continue Reading
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, Continue Reading
The most popular battery technology, lithium-ion batteries, may have just received a big shot in the arm. Scientists have found in a new study that adding conductive carbon fillers to Continue Reading
Saudi Arabia and Iraq will cooperate and coordinate their positions on oil policies within the organization of Petroleum Exporting Countries and will remain committed to decisions already made by the Continue Reading
Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) next week, Russia’s top oil diplomat Alexander Novak told Continue Reading
All OPEC data for this report is from the OPEC Monthly Oil Market Report . All data is through October 2020 and is in thousand barrels per day. The combined Continue Reading
Iraq boosted its production by about 150,000 barrels per day (bpd) in October, significantly exceeding its official OPEC-plus quota. Nationwide production averaged 3.84 million barrels per day (bpd), according to Continue Reading
Iran is continuing to build up its stockpile of low-enriched uranium and now holds roughly 12 times the amount permitted under the 2015 nuclear agreement, the United Nations Atomic Agency Continue Reading
Iran said on Wednesday that its oil exports have averaged between 600,000 barrels per day (bpd) and 700,000 bpd since the start of the Iranian year in March, yet analysts Continue Reading
With his fist raised in triumph, Azerbaijan’s defence minister put his arm around his Turkish counterpart, grinning while clad in military fatigues. “Commander-in-chief of the victorious army and defence minister Continue Reading
The drone’s-eye view over Nagorno-Karabakh defined much of the six-week war in the mountainous enclave within Azerbaijan: The video first showed soldiers below in trenches, then came blasts and smoke, Continue Reading
Deepwater exploration appears to be the focus of major investments in Mexico in Q3. As state-controlled oil company Pemex focuses on easy-extraction shallow water projects, private players set their sights Continue Reading
Toshiba Corp. said it will stop taking orders for new coal-fired power plants as it makes a wider push to embrace renewable energy, though it will still complete work on Continue Reading
It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season shut in an OPEC-nation amount of oil during a global pandemic that Continue Reading
San Francisco will ban the use of natural gas in new buildings starting next year, becoming the latest city in California to clamp down on the heating and cooking fuel Continue Reading
Matthew Busch for The New York Times In studying the effects of climate change on hurricanes, scientists have focused on what occurs over water, when storms are forming and strengthening, Continue Reading
Permian Basin spot gas prices have been surging back toward annual highs in recent trading as West Texas production stumbles and rising LNG export demand pulls more supply eastbound to Continue Reading
The “vertiport” is scheduled to be completed in 2025 in Orlando, which granted more than $800,000 in potential tax rebates to Lilium, a German aviation company that plans to build Continue Reading
Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two Continue Reading
Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the Continue Reading
Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year, is set to increase to more than 110 Bcm by 2034, but as future supplies Continue Reading
Britain’s economy grew by a slower than expected 1.1% in September from August, lagging other rich nations as it struggled to recover from the shock of the pandemic even before Continue Reading
Crude oil prices continued on their upward trajectory during mid-morning trade in Asia Nov. 11, as positive data from the American Petroleum Institute further buoyed markets still riding high from Continue Reading
The major participants at ADIPEC 2020’s ADNOC Trading Forum expressed a wide range of sentiment, but the general message was one of caution or even outright pessimism when it came Continue Reading
Oil futures settled higher Nov. 10 as optimism surrounding a coronavirus vaccine boosted demand outlooks. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX December WTI Continue Reading
Oil may hit $50 over the next few months thanks to a moderate decline in global inventories that will accelerate by mid-2021, the chief executive of Vitol, Russell Hardy said Continue Reading
Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the International Energy Agency said in its Renewables 2020 report. Continue Reading
The US Energy Information Administration on Nov. 10 cut its outlook for 2021 global oil demand growth by 360,000 b/d from last month’s forecast to 5.9 million b/d on uncertainty Continue Reading
The International Energy Agency has cut its near-term forecast for global biofuels production as the COVID-19 crisis triggers the first annual decline in transport biofuels in two decades. Receive daily Continue Reading
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Continue Reading
John Podesta served in the White House as counselor in charge of climate and energy policy during President Barack Obama’s second term. He has no desire to reprise his role Continue Reading
Iraq and Saudi Arabia have affirmed their “full commitment” to the OPEC+ output curbs decision in order to achieve an oil price that is fair to both consumers and producers, Continue Reading
Iraq’s Parliament is considering a scaled-down emergency financing law that would give the government access to 12 trillion Iraqi dinars ($10.2 billion) in financing, though it could be delayed by Continue Reading
Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritime security companies warn. Over the past Continue Reading
Oil worker. Nigeria may be heading towards another economic crisis with crude oil production threatened as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its Continue Reading
Armenian protesters stormed government buildings in the capital of Yerevan after a peace agreement was reached with Azerbaijan. The two countries agreed, in a Russian-brokered deal, to end their war Continue Reading
Nearly 2,000 Russian peacekeeping forces were deployed to the disputed region of Nagorno-Karabakh on Tuesday after a cease-fire deal reached overnight allowed Azerbaijan to hold on to the substantial territory Continue Reading
While offshore Brazil , Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Continue Reading
Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-zero Continue Reading
