Cuomo Announces New Virus Restrictions Ahead of Thanksgiving Gov. Andrew M. Cuomo of New York announced new restrictions in parts of the state where coronavirus cases are rising as Thanksgiving Continue Reading
Oftentimes the most interesting and challenging moments in life come when you least need them. Nowhere is it truer than with Russia’s eternal uphill battle to tap into its vast Continue Reading
Most Europeans living in cities are still breathing air that is dangerous to their health, according to the European Environment Agency (EEA) in a new report ; governments are not Continue Reading
Oil prices rose more than 1% on Monday, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials. Sentiment was also bolstered by Continue Reading
Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook. Futures Continue Reading
A Covid-19 vaccine developed by the University of Oxford and AstraZeneca Plc prevented a majority of people from getting the disease, but fell short of the bar set by Pfizer Inc. Continue Reading
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January Continue Reading
Leaders of the G20 member states have pledged to ensure “a stable and uninterrupted supply of energy” as the world recovers from the pandemic, according to a declaration published at Continue Reading
World leaders urged countries not to lose sight of climate goals in the coronavirus pandemic, endorsing the aims of the Paris agreement amid hopes that U.S. President-elect Joe Biden will rejoin Continue Reading
As the planet warms, the increase in sea levels threatens to uproot more than a third of the world’s population. Understanding exactly how fast and by how much they’re rising Continue Reading
The International Maritime Organization (IMO) approved on Friday a ban on the use of heavy fuel oil for ships in the Arctic, but environmental organizations slammed the new regulation as Continue Reading
OPEC kingpin Saudi Arabia is likely to continue exporting oil at the same levels “for decades to come,” even as the world hastens the shift towards renewables, its former energy Continue Reading
Yemen’s Iran-backed Houthi rebels said they attacked a Saudi Aramco distribution station in the western city of Jeddah, according to a statement made by its spokesperson on Twitter Nov. 23. Continue Reading
Venezuela’s regime has recently arrested oil workers or retired oil workers who have dared to expose the corruption and mismanagement at its state oil firm PDVSA and its dire financial, Continue Reading
Chinese companies are facing a reality check after years of ramping up debt. A crackdown on unregulated lending — so-called shadow banking — and tighter rules on asset management made Continue Reading
The biggest emitter of planet-warming pollution managed to take almost the whole world by surprise. In a September speech to the United Nations, Chinese President Xi Jinping put a 2060 end date Continue Reading
China has allocated a fresh round of oil product quotas in an effort to cut bulging domestic stocks, a move that could potentially add a stream of cargoes to an Continue Reading
Carbon pricing sounds like the simplest solution to the world’s emissions problem: if you want to emit, you have to pay for it. Europe has pioneered carbon pricing efforts with Continue Reading
In remote northern Michigan a propane shortage in early 2014 caused prices to nearly double, squeezing about half of the families there who rely on the fossil fuel to heat Continue Reading
U.S. hospitalizations set a record for the 13th day in a row. New U.S. cases tallied 142,732, down from Friday’s record but a record for a Sunday. AstraZeneca and University Continue Reading
British business activity has contracted in November as a new wave of coronavirus restrictions hammered the huge services industry, but news of possible vaccines have boosted hopes for 2021, a Continue Reading
AstraZeneca said Monday that late-stage trials showed that its COVID-19 vaccine with Oxford University was up to 90% effective in preventing disease. The results are based on interim analysis of Continue Reading
Oil rose to the highest in nearly three months with positive Covid-19 vaccine developments paving the way for a more sustained recovery in oil demand. Futures rose 5% in New Continue Reading
Oil prices rose about 1% higher on Friday and posted a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the Continue Reading
Oil prices are set to rebound in 2021 as optimism grows around a COVID vaccine and OPEC looks to extend its production cuts. For Global Energy Alert members there are Continue Reading
Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch Ratings. In its latest Global Commodities Strategy Continue Reading
The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported , citing these markets’ dependency on imports that could be Continue Reading
As hostilities with Iran resume, a shortened waiver period gives the outgoing Trump administration one last opportunity to wield economic leverage in Iraq. This story has been updated to include Continue Reading
The US State Department Nov. 20 granted a 45-day waiver extension to Iraq allowing it to keep paying for electricity imports from Iran. Receive daily email alerts, subscriber notes & Continue Reading
When Saudi Arabia, the world’s top oil exporter and a leading U.S. ally, took over the G20 presidency in December 2019, hopes in the kingdom were high. “Family Photo” for Continue Reading
U.N. Secretary-General Antonio Guterres said on Friday that war-torn Yemen is in “imminent danger of the worst famine the world has seen for decades,” warning against any unilateral moves as Continue Reading
One of the leading global rating agencies, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3 trillion needed over 30 Continue Reading
Russia and Saudi Arabia are vying for the top spot among crude oil suppliers to China, with Russia currently in the lead, but Saudi Arabia is doing its best to Continue Reading
State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq, Continue Reading
China needs to immediately stop building new coal power plants and double wind and solar installations to put itself on a path to meet its 2060 carbon neutrality pledge, climate Continue Reading
China is the world’s largest consumer of coal and the largest emitter of greenhouse gasses. With that in mind, Beijing’s recent announcement that it intends to become carbon neutral by Continue Reading
Political leaders and school administrators are once again shifting millions of American kids back to virtual leaning as coronavirus cases mount. Yet data from the fall semester indicates schools aren’t Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 5 to 231, ending eight weeks of increases to oil rigs in the Continue Reading
The overall US rotary rig count fell slightly this week. The overall U.S. rotary rig count dipped by two over the past week, falling to 310 units, Baker Hughes Co. Continue Reading
It’s one of Joe Biden’s boldest campaign pledges for tackling climate change. But it’s one that would have a big impact on a Democratic stronghold. New Mexico is waiting to Continue Reading
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases. Continue Reading
Spain’s government has opened a month-long window for green hydrogen project developers to register their plans with the state following a pledge to invest Eur1.5 billion ($1.8 billion) in the Continue Reading
For several years now, the Norway-based marine and maritime technology company Havyard Group has carried out research and development work on hydrogen propulsion for large vessels, for example through the Continue Reading
Crude oil futures remained rangebound during the morning trade in Asia Nov. 20, as the announcement of a resumption of US stimulus talks failed to assuage concerns over rising COVID-19 Continue Reading
Oil is poised for a third weekly gain in New York as positive Covid-19 vaccine developments outweighed concerns about more restrictions stemming from a global surge in infections. Futures are back Continue Reading
Oil edged lower with growing virus restrictions and signs the labor-market recovery may be slowing in the U.S. dampens the near-term demand outlook. Futures fell as much as 1.8% in Continue Reading
Oil prices slipped on Thursday as hopes for a vaccine were overshadowed by a surge in new cases of the coronavirus around the world, which raised concerns about the outlook Continue Reading
In recent weeks, there have been some wild swings and speculation in the oil market. The two most influential developments have been Joe Biden’s victory in the U.S. presidential election Continue Reading
Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past decade, but Continue Reading
G20 leaders must help close a funding gap to buy vaccines, drugs and tests to combat the COVID-19 pandemic, a letter from South Africa’s president, Norway’s prime minister, and the Continue Reading
