The coronavirus pandemic raged across the United States last week, as the country elected a new president, with the daily number of new infections hitting record highs for four straight Continue Reading
The U.S. may still face a wave of debt defaults and “significant declines” in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday in Continue Reading
President-elect Joe Biden plans to push for the most progressive climate policy the U.S. has ever had, aligning the world’s second-largest carbon emitter with a growing group of nations aggressively Continue Reading
Peabody Energy, the world’s largest private-sector coal producer, said there was a risk it could go bankrupt for the second time in five years, as it raced to renegotiate debts Continue Reading
Highlights Emphasis on building up seaborne met portfolio Expect Q4 decline in US thermal shipments Houston — Peabody Energy saw improved coal revenues and sales in the third quarter as Continue Reading
Researchers from the Naval Air Warfare Center Weapons Division (NAWCWD) have developed an efficient three-step process for the conversion of cellulosic feedstocks to both a valuable chemical precursor and high-performance Continue Reading
Uber and Lyft were the first to disrupt the $8 trillion global transportation industry by making car ownership less necessary and with the ride-hailing industry now worth $60 billion and Continue Reading
Energy markets and sectors were quick to react to the weekend’s news that Joe Biden had been declared winner of the 2020 race to the White House . Receive daily Continue Reading
Six Midwest utilities have said they expect to spend more than a combined $15 billion over the next several years to install or buy roughly 4 GW of solar generation, Continue Reading
The Trump administration abruptly removed a top official charting the U.S. government’s research on global warming, just as his agency began writing the next climate report card. Mike Kuperberg, a Department of Continue Reading
Pfizer Inc. said Monday that its COVID-19 vaccine may be a remarkable 90% effective, based on early and incomplete test results that nevertheless brought a big burst of optimism to Continue Reading
The announcement that Pfizer’s coronavirus vaccine is more than 90 percent effective at preventing Covid-19 infections — much better than many anticipated — is cause for celebration. With a vaccine Continue Reading
The European Union will impose tariffs on up to $4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing BA.N , but said on Monday it was hopeful Continue Reading
Alexander Novak is being promoted to deputy prime minister and will no longer be Russia’s energy minister, but he is expected to continue being Russia’s key contact in talks with Continue Reading
German gas grid operators are “confident” that the country’s gas supply is secure for the upcoming winter despite the Nord Stream 2 gas pipeline not being available, industry body FNB Continue Reading
Unemployment is rising, and companies — particularly in services — are struggling to survive. Investor confidence in Germany’s economic recovery has been hit by the new business restrictions imposed because Continue Reading
Two of Europe’s largest energy companies, BP Plc and Orsted A/S, said they’d join to develop a industrial-scale electrolyzer to make hydrogen as a green fuel at a major oil Continue Reading
Russian refineries are coming out of their autumn maintenance programs but are expected to continue running at reduced throughput on poor economics. Receive daily email alerts, subscriber notes & personalize Continue Reading
Crude oil prices surged during the mid-morning trade in Asia Nov. 9, shadowing the movement in other risk assets, as uncertainty subsided over the US presidential election result. Receive daily Continue Reading
Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into the White House even as Donald Trump rejected the outcome Continue Reading
The pandemic shows no signs of slowing, with worldwide infections surpassing 50 million. Cases in the U.S. topped 100,000 for a fourth day, bringing the nation’s total close to the 10 Continue Reading
The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries. That is according to the International Continue Reading
The majestic blue whale has plied the seas for about 4.5 million years , while the Neanderthals winked out of existence in a few hundred thousand years. But are those Continue Reading
With investors increasingly concerned about climate change, OPEC kingpin Saudi Arabia is promoting its crude oil reserves as some of the world’s least polluting hydrocarbons. Receive daily email alerts, subscriber Continue Reading
Iranian President Hassan Rouhani on Nov. 8 said the new US administration has a chance to return to its “international obligations,” signaling he may be open to a new JCPOA Continue Reading
OPEC+ crude oil output ticked up 210,000 b/d in October, the latest S&P Global Platts survey found, as the alliance readies to set production levels for 2021 in what may Continue Reading
Libya’s oil production has surged past 1 million barrels a day, national petroleum officials said on Saturday, marking an important milestone months after its civil war almost choked the country’s Continue Reading
Sensitive to the threat of wider confrontation, Russia and Turkey are for now limiting involvement in the Nagorno-Karabakh conflict to providing humanitarian assistance and some military aid. v Ankara sees Continue Reading
This Sunday “will go down in history as the day of the glorious victory,” Mr. Aliyev said in a statement announcing the capture of Shusha, which Armenians call Shushi. Armenian Continue Reading
‘We are getting territory back by force’ Azerbaijan has captured a key town in the separatist Nagorno-Karabakh region, according to the country’s president. Ilham Aliyev announced in a televised address Continue Reading
Despite significant headwinds, including a prolonged oil price slump, Colombia’s national oil company Ecopetrol r eported a solid third quarter 2020 profit with net income of around $222 billion. This Continue Reading
China’s purchases of key commodities fell in October from the prior month, mainly because of seasonal factors including an extended holiday at the start of the month in the world’s Continue Reading
Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to Continue Reading
China’s meat imports this year are on track to reach the highest ever as the world’s top pork consumer increases purchases to meet demand after African swine fever slashed domestic Continue Reading
Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic. Statistics Continue Reading
Back in July, the European Union unveiled a hydrogen strategy that immediately captured the imagination of the renewables world and was hailed as the most ambitious hydrogen plan ever. The Continue Reading
This year has been turbulent for global energy markets. The COVID-19 pandemic and March 2020 price crash sent markets into a tailspin, which saw the North American oil price benchmark Continue Reading
The global geopolitical power map is changing. While oil has been king of the world for centuries, it’s becoming irrefutably clear that the once invincible resource and bestower of geopolitical Continue Reading
China’s crude oil imports in October registered the first year-on-year decline since April, with a 6.5% drop to 10.06 million b/d or 42.56 million mt, as refiners slowed down on Continue Reading
China’s soybean imports in October surged 41% on the year as the country’s recovery from African swine fever supported the demand for the animal feed. Receive daily email alerts, subscriber Continue Reading
A team at the University of Tokyo has demonstrated steam electrolysis using a solid acid electrolysis cell (SAEC) for the production of hydrogen. The SAEC used a CsH 2 PO Continue Reading
FirstElement Fuel has filed three new applications for LCFS pathways for liquid and gaseous hydrogen fuel produced from fossil natural gas and landfill gas sources with the California Air Resources Continue Reading
The governor of the U.S. state of Utah, Gary Herbert, declared late on Sunday a new state of emergency to address hospital overcrowding in response to weeks of stress on Continue Reading
The United States became the first nation worldwide since the pandemic began to surpass 10 million coronavirus infections, according to a Reuters tally on Sunday, as the third wave of Continue Reading
Neil Chatterjee was demoted as chairman of the Federal Energy Regulatory Commission on Thursday. Credit: Riccardo Savi/Getty Images for Concordia Summit Neil Chatterjee abruptly lost his job as chairman of Continue Reading
The European Union pressed ahead Monday with plans to impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for Continue Reading
As Europe moves into yet another wave of Covid-19 lockdowns, there is growing concern surrounding the future of offshore workers. However, a move to digitalize the industry by introducing a Continue Reading
Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction, while the market awaits the outcome of a tightly contested U.S. election. Futures in Continue Reading
1. Oil demand weaker-than-expected – The recent spike in covid cases in Europe and the U.S. could undercut oil demand figures in the fourth quarter and into 2021. – According Continue Reading
Oil settled below $40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand and as drawn-out vote counting in the U.S. presidential election kept markets Continue Reading
