The U.K. government is championing small nuclear reactors as a key part of its decarbonization strategy in a move that left developers of traditional large-scale plants in limbo. Prime Minister Boris Johnson’s Continue Reading
Crude oil futures moved lower during mid-morning trade in Asia Nov. 18, after data from the American Petroleum Institute showed a build in US crude inventories, and after the Joint Continue Reading
Oil rose toward $42 a barrel in New York, as signs of a robust demand recovery in Asia offset a jump in U.S. crude stockpiles. West Texas Intermediate futures advanced 1.1%, Continue Reading
Oil closed higher as a weaker dollar offset an OPEC+ committee’s decision to hold off on offering a recommendation on whether a planned production hike should move forward. Futures rose Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.174 million barrels for the week ending November 13. Analysts had predicted an inventory build Continue Reading
Oil prices rose on Monday and remained steady on Tuesday morning as markets are cautiously looking beyond the COVID-19 pandemic Chart of the Week The EIA forecasts U.S. oil production Continue Reading
First Pfizer and now Moderna have provided a much needed shot in the arm to the embattled oil industry, with their news about vaccine candidate efficacy lifting stocks strongly in Continue Reading
Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent, according to a new Rystad Energy analysis. Global conventional oil and gas discoveries already exceed eight Continue Reading
Limiting global warming to 2 degrees Celsius above the temperature in pre-industrial times could mean significantly reduced investments in natural gas supply through 2040, analysts warn. If the world is Continue Reading
Ultrathin, incredibly strong, superconductive, cheap–and impossible to use. Those are some of the unfortunate oxymorons that have been used to describe graphene, the gee-whiz nanomaterial that was supposed to forever Continue Reading
In April, the head of the WFP warned of devastating famines in dozens of countries due to the ramifications of COVID-19. World leaders responded with funds and stimulus packages and Continue Reading
OPEC and its allies will keep the oil market guessing for a few weeks on whether they will maintain their deep production cuts into 2021, as traders largely expect and Continue Reading
Crude futures were little changed Nov. 17 after the OPEC+ Joint Ministerial Monitoring Committee failed to offer insight as to whether the group would extend its current output quotas into Continue Reading
Despite its huge oil resources, Iraq’s practical readiness to hit its 7 million barrels per day (bpf) oil production target (by 2025) came into question again last week, with statements Continue Reading
Iraq’s state oil marketer has tweaked the crude assays of its key export grades for next year, which include a new medium sour crude known as Basrah Medium, according to Continue Reading
The UAE achieved 126% compliance with its OPEC+ quota in October, the energy ministry said late Nov. 17, as OPEC’s third-largest producer sought to compensate for overproduction in August. The Continue Reading
Medical experts have warned that the toxic pollution that envelops New Delhi annually will lead to more coronavirus deaths. By 7am in mid-November, the air in New Delhi smells of acrid Continue Reading
India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas resources, India’s Oil Minister Dharmendra Continue Reading
The US Treasury said Nov. 17 that Chevron and top oilfield services firms can remain in Venezuela until June, extending a wind-down deadline that was set to expire on Dec. Continue Reading
After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country did not have commercial potential Continue Reading
Sharply weaker oil prices, growing threats to oil demand and the imminent arrival of peak oil demand could unleash a wave of stranded oil assets in South America. Among the Continue Reading
Nicaragua, on Monday as Hurricane Iota — upgraded to Category 5 — moves over the Caribbean toward the Nicaragua-Honduras border. MANAGUA, Nicaragua — Hurricane Iota, the strongest storm ever recorded Continue Reading
Chevron Corp.’s willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe Biden to sort out. The U.S. Treasury Department extended until June 3 its Continue Reading
For decades, just about the only way for someone born in Dawan to make money was to follow the winding dirt road down from the mountain village and move to Continue Reading
U.S. crude oil production is set to remain close to its current levels of around 11 million barrels per day (bpd) through the end of 2021, as new drilling activity Continue Reading
Tesla will join the S&P 500 index in December after reporting five consecutive quarterly profits. “Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open Continue Reading
After tumbling to a four-month low in recent trading, winter gas prices at the Henry Hub could be oversold judging from a recent market forecast published by S&P Global Platts Continue Reading
A new hydrocarbon study led by researchers at Los Alamos National Laboratory contradicts conventional wisdom about how methane is trapped in rock, revealing a new strategy to access the valuable Continue Reading
As climate change contributes to ever-worsening fire seasons in the Western U.S., more people are moving to the very areas most likely to burn. Of the 15 counties with the highest Continue Reading
The California Center for Jobs & The Economy has released an updated report ( earlier post ) on vehicle sales and the progress of ZEV sales in the state for Continue Reading
Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier Continue Reading
France‘s second lockdown will push the economy back into a slump and slow the recovery in 2021, even though restrictions to contain the coronavirus aren’t as severe as earlier in Continue Reading
U.K. Prime Minister Boris Johnson announced a 12 billion-pound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many Continue Reading
After a one-month reprieve, passenger car sales in Europe slumped again in October amid new restrictions in many countries aimed at containing a resurgence of the coronavirus, the European carmakers’ Continue Reading
Norway’s Equinor will raise crude production from its flagship Johan Sverdrup field to 500,000 b/d by year-end from 470,000 b/d, with the second phase of the project eventually taking production Continue Reading
UK Prime Minister Boris Johnson announced a 10-point climate change plan late Nov. 17, promising GBP12 billion ($15.93 billion) of investment in a range of decarbonization initiatives while bringing forward Continue Reading
Crude oil futures ticked higher during mid-morning Asian trade Nov. 17 as reports of a highly effective Moderna vaccine carried the markets despite rising concerns over the number of COVID-19 Continue Reading
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts. While headline prices have gained on Continue Reading
This year has been a true rollercoaster ride for the U.S. stock market, but it is increasingly looking to end on a high note. The S&P 500 has climbed nearly Continue Reading
Moderna Inc’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report Continue Reading
Key oil ministers from OPEC and its allies will hold critical talks Nov. 17 on 2021 production quotas, steered towards an extension of current output cuts through March or June Continue Reading
The OPEC+ oil alliance should consider delaying its planned output boost by between three and six months, a technical panel that advises ministers suggested. The coalition — led by Saudi Continue Reading
Dr Khaled was queueing for petrol when he got an urgent call – a patient was bleeding from an artery. Normally, he would drive straight to his hospital in Damascus Continue Reading
Highlights Government passes deficit budget, including provisions for rice, wheat Rice, wheat tenders not held since protests began in October 2019 US rice industry had expected private MoU negotiations New Continue Reading
Refiners have quickly snapped up the faster-than-expected 1 million b/d rise in Libyan crude production with scant effect on market structure, indicating firm demand, two top oil traders said Nov. Continue Reading
President Donald Trump, with two months left in office, last week asked for options on attacking Iran’s main nuclear site, but ultimately decided against taking the dramatic step, a U.S. Continue Reading
President Trump asked senior advisers in an Oval Office meeting on Thursday whether he had options to take action against Iran’s main nuclear site in the coming weeks. The meeting Continue Reading
Saudi Aramco kicked off a jumbo bond sale Tuesday to help fund a $75 billion dividend, returning to the debt markets for the first time since April of last year. The Continue Reading
Whilst new U.S. President-elect, Joe Biden, will almost certainly focus on dealing with the tail of the COVID-19 pandemic and repairing the economic damage to the U.S. that it has Continue Reading
Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful Continue Reading
