Oil stockpiles at America’s largest storage hub are set to unwind with the market showing real signs of strength for the first time since the pandemic crushed global demand. (Bloomberg) Continue Reading
Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new “Full Self Driving” software update in two weeks. In Continue Reading
The initiative lost momentum in recent months, some of these people said, amid fears of an uphill fight in federal court and because state leaders wanted to await results of Continue Reading
The flights are one link in a vast global supply chain being assembled to tackle… United Airlines Holdings Inc. on Friday began operating charter flights to position doses of Pfizer Continue Reading
A scarcity of warehouse space because of Christmas demand and the pandemic is putting the U.K. at risk of shortages of some food products as it prepares to leave the Continue Reading
The European Union and Britain said on Friday there were still substantial differences over a Brexit trade deal as the EU chief negotiator prepared to travel to London in a Continue Reading
So many new doctors left Poland for better-paying jobs in Europe’s west that when Łukasz Rotnicki decided to stay behind he often found himself working 36-hour shifts, sleeping on the Continue Reading
DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid sanctions under the Continue Reading
Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon Continue Reading
European front-month power prices climbed in the week to Nov. 27 on a colder, calmer weather outlook, erasing losses sustained through November as mild and at times windy weather saw Continue Reading
Germany’s partial lockdown measures could be extended until early Spring if infections are not brought under control, Economy Minister Peter Altmaier said in a newspaper interview published on Saturday. Altmaier Continue Reading
The world’s economic recovery is wildly uneven — and that again was on display this week. U.S. data on the eve of the Thanksgiving holiday offered signs of both strain and strength, while Continue Reading
Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the Continue Reading
Europe’s former chief drugs regulator has called for calm in the growing controversy over claims made by AstraZeneca and Oxford University for their Covid-19 vaccine in late-stage trials. The Anglo-Swedish drugs Continue Reading
The trajectories of the ICE Brent futures and NYMEX crude futures were in opposite directions during the mid-morning trade in Asia Nov. 27, as the latter underwent a price correction, Continue Reading
Brent oil edged lower — but was on track for a fourth weekly gain — amid signs of division among OPEC+ members just days before a key policy meeting on Continue Reading
Oil prices dipped on Thanksgiving Thursday, slipping from seven-month highs as Baker Hughes reported another increase in the number of available rigs The price rally of the last few days Continue Reading
OPEC+, a group of leading oil-producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source with the knowledge of the matter said. Continue Reading
President Trump and Secretary of State Mike Pompeo at the White House on March 20. As the sun sets on Donald Trump’s presidency, one piece of potentially dangerous unfinished business Continue Reading
Saudi Arabia has used its year in the G20 presidency to promote its circular carbon economy scheme, which it says will lower carbon emissions if adopted worldwide, while maintaining abundant Continue Reading
The Saudi-led coalition fighting Houthi forces in Yemen carried out a series of air raids on barracks used by the Iran-aligned group in and around the Yemeni capital Sanaa on Continue Reading
Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports , citing sources with knowledge of Continue Reading
Almost 300,000 farmers from various states are on their way to India’s capital to protest against new agricultural laws they say will severely hurt their incomes, according to two farm Continue Reading
Thousands of angry Indian farmers faced tear gas and baton charges from police on Friday as they resumed their march to the capital to protest new laws they fear will Continue Reading
Jorge Arreaza/Venezuela Foreign Minister, via Associated Press CARACAS, Venezuela — A Venezuelan judge on Thursday found six American oil executives guilty of a wide-ranging corruption scheme and immediately sentenced them Continue Reading
A combination of sharply weaker oil prices, inconsistent regulation, the COVID-19 pandemic, and constant conflict in the Amazon where most of Peru’s onshore oil industry is located has triggered a Continue Reading
When Zhang Yiqiu found herself pregnant with her third child two years ago, the Beijing businesswoman expected to face a fine or bureaucratic hurdles. To her surprise, local officials praised Continue Reading
Sony has warned the Japanese government it may have to shift manufacturing out of the country unless rules on renewable energy are relaxed, as it tries to meet the green Continue Reading
Crude throughput at China’s refineries is slightly higher in November, with state-owned oil companies lifting their average run rates by one percentage point month on month to 79.8% of capacity, Continue Reading
Sitting in the shadow of the brutalist health department building in Washington, with only a leather jacket for protection against an autumnal breeze, Moncef Slaoui cuts a defiant figure. Six months Continue Reading
Piracy is an age-old problem in the energy industry, often seen in West Africa and other regions of the world. However, following the rise of the phenomenon during the 2020 Continue Reading
Days after grabbing headlines with its COVID-19 “vaccine for the world”, AstraZeneca is facing tricky questions about its success rate that some experts say could hinder its chances of getting Continue Reading
When President Trump talks about efforts to deliver the coronavirus vaccine to millions of Americans eager to return to their normal lives, he often says he is “counting on the Continue Reading
The number of rotary drilling rigs operating in the United States rebounded this past week, according to Baker Hughes. The total number of rotary drilling rigs operating in the United Continue Reading
Days after grabbing headlines with its COVID-19 “vaccine for the world”, AstraZeneca is facing tricky questions about its success rate that some experts say could hinder its chances of getting Continue Reading
Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In a letter to Boris Johnson, Continue Reading
Spain’s oil major Repsol plans to reduce its oil business operations and increase five times its renewable energy portfolio by 2030 as part of its latest strategic plan unveiled on Continue Reading
Highlights Had been engaged to verify technical integrity Follows new US guidelines on PEESA statute Latest setback for almost-complete pipeline London — Norway-based quality assurance company DNV GL will no Continue Reading
Oil fell from an eight-month high as the dollar recovered, while disparities in demand set the stage for OPEC+’s key policy meeting next week. Futures in New York dropped 1.6%, Continue Reading
Oil closed at an eight-month high amid a weakening dollar and optimism surrounding a surprise decline in U.S. crude supplies and recent breakthroughs on a Covid-19 vaccine. Futures in New Continue Reading
Brent crude could hit $60 a barrel by next summer as travel restrictions get eased, Bank of America said, citing growing optimism around Covid-19 vaccines. The easing of restrictions will Continue Reading
Given the option, most Americans would not only prefer to choose their own utility companies but also have more of the energy that powers their homes coming from clean energy Continue Reading
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is Continue Reading
On November 9 US pharmaceutical giant Pfizer and German biotechnology company BioNTech announced that a jointly developed vaccine candidate was effective at preventing more than 90% of test subjects from Continue Reading
The International Air Transport Association has launched the Aviation Carbon Exchange — the first centralized, real-time market for trading aviation carbon offsets, it said Nov. 25. Not registered? Receive daily Continue Reading
The election of Joe Biden to the US presidency and his commitment to rejoining the Paris Agreement will create a “tremendous momentum” to fight climate change and will likely lead Continue Reading
Europe is moving to a decisive stage in discussions to toughen the bloc’s 2030 climate target and put into law the ambition to become the world’s first climate neutral continent Continue Reading
With just weeks to go until President-Elect Joe Biden is inaugurated on January 20, Axios reports that Israel is preparing for the possibility that Trump will launch a preemptive attack Continue Reading
An oil tanker was damaged in the Red Sea near Saudi Arabia after a mine exploded on Wednesday, the Associated Press reported , citing the tanker’s operator and a maritime Continue Reading
The United Nations Security Council should “stop the threat” of more Houthi attacks on Saudi energy infrastructure, the Saudi ambassador to the UN said in a letter to the governing Continue Reading
