One Day in America: More Than 121,000 Virus Cases
They were feverish and desperate, confined to their cars in a slow single-file line as they waited for coronavirus tests. A few rolled down the windows to let the 72-degree Continue Reading
Nasal Spray Prevents Covid Infection in Ferrets, Study Finds
A nasal spray that blocks the absorption of the SARS-CoV-2 virus has completely protected ferrets it was tested on, according to a small study released on Thursday by an international Continue Reading
From Billions To Millions: Canada Offshore Oil Disappointment
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced disappointing results this week from its call for bids on offshore oil parcels, according to a press release. Of the 17 Continue Reading
In unexpected move, Trump replaces Chatterjee with Danly as US FERC chairman
In a highly surprising move made public late Nov. 5 as Washington’s attention was locked on the presidential election results, Federal Energy Regulatory Commission member James Danly was named chairman Continue Reading
Early spurt of energy actions possible if White House flips
Highlights Freeze on rules, executive order reversals EPA enforcement burst possible Prospects for clean energy technology legislation New York — In a scenario where Democratic contender Joe Biden takes the Continue Reading
Kenworth and Peterbilt first electric Class 8 trucks up Pike’s Peak; fuel cell and BEV
PACCAR announced that a Kenworth T680 fuel cell electric vehicle and a battery electric Peterbilt Model 579EV became the first Class 8 zero emissions vehicles to drive to the 14,115 Continue Reading
CF Industries to build green ammonia plant in Louisiana
CF Industries’ Board of Directors has approved a green ammonia project at the company’s flagship Donaldsonville Nitrogen Complex to produce approximately 20,000 tons per year of green ammonia. CF Industries Continue Reading
October Was the Hottest on Record for Europe
Last month was the warmest October for Europe on record, with Arctic sea ice retreating as northern regions in particular felt the effects of rising air temperatures. Europe was 1.6 degrees Celsius Continue Reading
Bentley to Retire Roaring 12-Cylinder Engines, Go Electric
Bentley Motors Ltd. will ax the roaring 12-cylinder combustion engines that shaped much of the British luxury-car maker’s 100-year history to focus on electric vehicles, the latest seismic automotive shift Continue Reading
UK bolsters economic support as England goes into lockdown
The British government and the Bank of England joined forces Thursday to provide further support to an economy facing a difficult winter following the imposition of new coronavirus lockdown measures. Continue Reading
Volvo Trucks to offer complete range of HD electric trucks in Europe in 2021; sales of VNR Electric start in N America in December
Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in Europe in 2021. Volvo Trucks is now running tests of the electric heavy-duty Volvo FH, Volvo FM Continue Reading
Oil Down on Fading Stimulus Hopes and Uncertainty
Oil dropped in Asian trading — after jumping the most in a month on Wednesday — as expectations for a big dollop of U.S. fiscal stimulus receded following a closer-than-expected Continue Reading
Crude futures dive on demand-side worries amid US election uncertainty
Crude oil futures dived during midmorning Asia trading Nov. 5 as the demand-side gloom brought about by the pandemic festered in the markets gripped by uncertainty about the US elections. Continue Reading
Oil Prices Are Set To Go Higher Next Year
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new shut downs. It looks like it will be a tough Continue Reading
Oil drops as U.S. election uncertainty dominates markets
Oil prices fell on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election, though doubts remain over further huge stimulus to bolster Continue Reading
OIL FUTURES: Price rally extends as supply outlooks tighten following US crude draw
Oil futures settled higher Nov. 4 as the market eyed tightened supply outlooks following a US inventory draw and the possibility of extended OPEC+ production cuts. NYMEX December WTI climbed Continue Reading
Cold Weather Thaws Natural-Gas Prices
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
The Biggest Ever Transfer Of Wealth Is Happening Right Now
A new era of technology is being defined right now—and not only by the “magnificent seven” tech giants that are collectively worth $7.7 trillion . Instead, it’s being defined by Continue Reading
Shipping industry should consider nuclear option for decarbonizing: experts
Stakeholders in the maritime industry are considering an increased uptake of nuclear power as one of its choices as it strives to meet decarbonization targets that the International Maritime Organization Continue Reading
The U.S. Left the Paris Climate Pact. Allies and Rivals Are Pressing Ahead.
At the stroke of midnight Wednesday, when the United States became the only country to formally quit the Paris Agreement, the global accord designed to avert catastrophic climate change, it Continue Reading
Tesla Project to Install Another Giant Battery in Australia
France’s Neoen SA will partner with Tesla Inc. to install one of the world’s biggest lithium-ion batteries in Australia after reaching a grid connection deal with the power market operator. The 300-megawatt Victorian Big Continue Reading
Aramco’s Profit Drop Is A Dire Warning For Saudi Arabia
By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and overall stability. Saudi Aramco reported that its Continue Reading
KDP-PKK conflict intensifies near Kurdistan oil fields
Hostilities between the dominant party of the Kurdistan Regional Government (KRG) and the Kurdistan Workers’ Party (PKK) looked set to break out into open fighting following an alleged attack Wednesday Continue Reading
BP, Iraq in talks over fate of Rumaila’s oil output capacity boost to 2.1 mil b/d
Highlights Field producing around 1.4 million b/d now Rumaila not yet low carbon intensity field Gas flaring still taking place at field Dubai — BP is in talks with Iraq’s Continue Reading
Nigeria: Oil Firms to Lose Licences Over Neglect of Host Communities
The new Petroleum Industry Bill (PIB) before the National Assembly is proposing the revocation of licenses for oil and gas companies who neglect their obligations to the host communities. The Continue Reading
Hurricane Eta brings disastrous flooding to Central America, with concern growing in southeastern U.S.
A man crosses a flooded road in the Okonwas community during the passage of Hurricane Eta on the north Caribbean coast in Rosita, Nicaragua, on Wednesday. After roaring ashore Tuesday Continue Reading
China to Halt Key Australia Imports in Retaliation as Ties Falter
China has ordered traders to stop purchasing at least seven categories of Australian commodities, ratcheting up tensions with a key trading partner in its most sweeping retaliation yet. Commodities traders Continue Reading
Summary of Weekly Petroleum Data for the week ending October 30, 2020
U.S. crude oil refinery inputs averaged 13.6 million barrels per day during the week ending October 30, 2020 which was 163,000 barrels per day more than the previous week’s average. Continue Reading
Texas Oil Industry May Have Left The Worst Of The Downturn Behind
Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig counts that the sector may have already seen Continue Reading
GOP appears to keep Texas House control, beating back a push for a greener energy agenda
Highlights Balance of power unchanged in Texas House GOP harped on Biden’s plan to transition away from oil Washington — Preliminary results suggest Texas Democrats’ ambitious campaign to take control Continue Reading
U.S. sets new record for increase in COVID-19 cases day after election
The United States set a one-day record for new coronavirus cases on Wednesday with at least 102,591 new infections and as hospitals in several states reported a rising tide of Continue Reading
Renewable Energy Shares Fall With U.S. Green Ambitions in Limbo
Wall Street’s confidence that the U.S. election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate, casting doubts over whether Joe Biden could Continue Reading
It’s Hard to Tell How Serious Wall Street is About Climate
Measuring a company’s carbon footprint and determining whether it’s reducing it has always been difficult. Agreeing on what emissions a bank or investment firm with thousands of different assets and clients Continue Reading
Oil and gas groups buoyed by fading fears of US ‘blue wave’
US oil and gas stocks rose while those of renewable energy producers fell on Wednesday, as traders gambled that even if Joe Eiden wins the White House, Democrats’ likely failure Continue Reading
Coronavirus updates: U.S. shatters records with more than 100,000 new coronavirus cases in a single day
Months ago, the notion of the United States recording more than 100,000 coronavirus infections in a single day seemed inconceivable. But surging caseloads in nearly every state pushed the tally Continue Reading
Trump administration taps mainstream climate scientist to run key climate review
The next National Climate Assessment, the federal government’s most definitive and comprehensive report on climate change and its consequences for the United States, will be directed by atmospheric scientist Betsy Continue Reading
US ELECTIONS: Results show deeper divide on energy issues, tough path for tackling climate
While control of the White House and US Senate waits for ballot counters, a host of implications for energy and commodity markets from the Nov. 3 elections unfolded across the Continue Reading
Has the Texas Upstream Slump Bottomed Out?
The TPI tracks metrics such as price, rig count, drilling permits, well completions and employment. The Texas Alliance of Energy Producers revealed this week that its Texas Petro Index (TPI) Continue Reading
Can gas utilities survive the energy transition? Massachusetts is going to find out.
Massachusetts may be a climate leader in the U.S., with a goal to reduce economy-wide emissions in the state to net-zero by 2050, but it will face a major obstacle Continue Reading
France reports over 40,000 new coronavirus cases
Medical staff members load a patient on an ambulance after arriving on a plane during a transfer operation of people suffering from the coronavirus disease (COVID-19), from Avignon to Vannes Continue Reading
BP, Stricken by Low Oil Prices and High Debt, to Sell London Headquarters
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Covid-19 Live Updates: Parts of Italy Will Lock Down Again as Europe Tries to Halt Second Wave
The Northeast held back the coronavirus tide this summer after enduring the worst of America’s catastrophic first wave in the spring. But now states like Maine, Rhode Island and Connecticut Continue Reading
Russia Ruble (RUB USD EUR) Rallies as Local Markets Reopen With Oil Above $40
Russia’s ruble headed for its biggest gain in a month as traders returned after a public holiday, catching up with a spike in oil above $40 per barrel and an Continue Reading
Germany Examines Ammonia to Deliver Green Hydrogen Fuel for Heat and Industry
Germany is looking at using ammonia and methanol as ways to deliver hydrogen as a clean-burning fuel for industry, part of its effort to make Europe’s biggest economy climate-neutral by Continue Reading
This Just Became The World’s Largest Gas Hub
The increasingly global nature of natural gas, with the rise of liquefied natural gas (LNG) supply and trade, is making one of Europe’s key natural gas trading hubs into an Continue Reading
Oil Prices Soar On Major Crude Draw
The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 8.01 million barrels for the week ending October 30. Analysts had predicted an inventory Continue Reading
Oil steady after Trump falsely claims victory in tight U.S. election
Oil was largely steady on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election, despite millions of votes still to be counted and the final result Continue Reading
Oil Hits One-Week High After OPEC+ Hints at Delay to Output Hike
Oil rose to the highest in a week alongside a broad market rally, drawing support from signs that OPEC+ may delay a planned output increase as well as expectations for Continue Reading
Oil rises 2% but traders brace for wild ride on U.S. Election Day
Oil prices rose to near 2% on Tuesday, advancing with other financial markets on U.S. Election Day although traders were bracing for volatility depending on the voting results and as Continue Reading
Why Oil Prices May Be Set To Fall Further
The main oil benchmarks fell below $40 a barrel again this week as clouds gathered over the outlook for demand and supply amid a surge in Covid-19 cases in Europe Continue Reading