South Korea’s crude oil imports from the US in October fell for the sixth consecutive month, while local refiners continued to favor Middle Eastern crude, lifting October Saudi oil shipments Continue Reading
China’s environmental regulator has asked authorities in some northern provinces to take measures to reduce emissions, as air pollution is expected to continue next week. Northern provinces including Hebei, Shanxi, Shandong Continue Reading
The Canadian province of Quebec said on Monday it will ban the sale of new gasoline-powered passenger cars as of 2035, joining California and others in announcing moves to shift Continue Reading
China’s environmental regulator has asked authorities in some northern provinces to take measures to reduce emissions, as air pollution is expected to continue next week. Northern provinces including Hebei, Shanxi, Shandong 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
A polar bear walks across rubble ice in the Alaska portion of the southern Beaufort Sea. (Mike Lockhart/USGS/AP) The Trump administration is asking oil and gas firms to pick spots Continue Reading
NOTE: The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. Continue Reading
The great outdoors and the super tax-friendly policies in Wyoming are attracting a growing number of the ultra-wealthy to the Cowboy State in search of quiet scenic retreats from the Continue Reading
Uncertainties on both the timing of oil demand recovery from the coronavirus pandemic and the future actions of the incoming Joe Biden administration over permitting on federal lands present a Continue Reading
Xcel Energy Inc. intends to convert its first coal-fired power plant in Texas — a 1,018-MW generating station — to run on natural gas, a plan in line with the Continue Reading
The number of newly reported Covid-19 cases in the U.S. increased drastically from a day earlier, and the number of those hospitalized also rose, hitting another record. The country reported Continue Reading
Cash prices at the Henry Hub tumbled in Nov. 16 trading as gas production edges back toward a recent five-month high and weather forecasts predict more mild temperatures to continue Continue Reading
Siberia has experienced unusually high temperatures during the six-month period from May to October this year – more than 3C above average – to make 2020 one of the warmest Continue Reading
British Prime Minister Boris Johnson called the devolution of powers to Scotland “a disaster”, a comment that played into the hands of Scottish nationalists pushing for an independence referendum that Continue Reading
Germany’s construction sector expects nominal sales to fall for the first time in more than a decade next year as companies in Europe’s largest economy are scaling back building activity Continue Reading
France’s largest glacier once looked so mighty sliding down the granite slopes of the Mont Blanc, Western Europe’s tallest peak, that early explorers struggled to find the words to capture Continue Reading
Crude prices rose in mid-morning trade in Asia Nov. 16, as the market was comforted by the strong possibility that any new lockdowns in the US will be less severe Continue Reading
Oil rose in New York on optimism over China’s recovery from a virus-led demand crash and with the U.S. set to avoid a national lockdown to curb the spread of Continue Reading
With a third surge of the Covid-19 pandemic hitting the U.S., many public-health authorities are warning the coronavirus is now so widespread that it will take pervasive new measures to Continue Reading
Modern innovation is helping the oil industry to keep up with the competition by cutting costs , addressing safety concerns, and incorporating better data analytics to continually improve upon existing Continue Reading
The world must stop building new coal power plants and instead embrace green alternatives in a post-coronavirus reset world, U.N. Secretary-General Antonio Guterres said on Saturday. Speaking via video message Continue Reading
Saudi Aramco, the world’s biggest oil company, is set to return to the bond markets for the first time since April of last year as it seeks to fund a Continue Reading
Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the Continue Reading
China is making a major power play to expand its global energy influence . The United States has long played an outsized role in global geopolitics and energy markets thanks Continue Reading
U.S. President Donald Trump plans several new hard-line moves against China in the remaining weeks of his term, according to a senior administration official, potentially tying the hands of President-elect Continue Reading
China’s economic activity posted a broad-based recovery in October, paving the way for a faster economic rebound in the final quarter of the year. Both investment and consumer spending grew Continue Reading
China recorded 16.3 billion cubic m of domestic natural gas output in October, its second-highest monthly total as the country continues to boost investment in its upstream sector and cut Continue Reading
The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow Continue Reading
A decade since its public debut, Tesla Inc . (NASDAQ:TSLA) has evolved from a somewhat nondescript if overreaching EV startup into one of Wall Street’s most popular growth stocks. TSLA Continue Reading
The U.S. oil and gas industry has been fretting about the implications of a Biden Presidency on the sector in view of Joe Biden’s energy plan to favor renewables development Continue Reading
In the not-so-distant past, renewable energy and fossil fuel divestment were part of an idealistic, pie in the sky approach to transforming the energy sector which, for all of its Continue Reading
bp and Ørsted signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen via the electrolysis of water using renewable power, Continue Reading
U.K. Prime Minister Boris Johnson is expected to unveil a green 10-point plan on Wednesday, as he weighs controversial proposals to ban the sale of new petrol and diesel cars Continue Reading
Oil declined for a second session as rising Covid-19 cases threatened to derail demand with tougher restrictions in major U.S. cities on the horizon. Futures fell 2.4% in New York Continue Reading
While much of the media attention has been on the recent Pfizer vaccine success, COVID cases are surging and new lockdowns are coming into effect, weighing further on oil prices Continue Reading
When Hurricane Laura battered Louisiana in August, becoming the most powerful storm to ever make landfall in the U.S., forecasters were confounded by its behavior. Not only did it fail Continue Reading
Every new crisis is a formidable opportunity to try new things, oftentimes merely to have another go with methods that have failed in the past but should work better now. Continue Reading
Saudi Arabia has thwarted a planned attack with explosives against an oil products terminal near the border with Yemen, the Kingdom said early on Friday, adding that the attempted attack Continue Reading
The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over the next two weeks, which Continue Reading
Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give Continue Reading
Nigeria’s leaders have made a show of responding to the demands of a massive youth-led uprising over police brutality that recently brought the country to a standstill and captured global Continue Reading
The oil price collapse is depriving Saudi Arabia of US$27.5 billion in oil revenues this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting that the current oil Continue Reading
Thousands of ethnic Armenians are fleeing areas around Nagorno-Karabakh that are to be handed over to Azerbaijan as part of the recent peace deal. The disputed region is internationally recognised Continue Reading
The head of Venezuela’s state oil company PDVSA, Asdrubal Chavez, and Venezuelan vice-president and economy minister Delcy Rodriguez are visiting Russia today to “deepen strategic alliances,” Reuters reported , citing Continue Reading
Mitsubishi Power Americas is positioning itself as a decarbonization company based initially on hydrogen and lithium-ion battery storage technologies, with longer-term plans for hydrogen to be used in other applications Continue Reading
U.S. financial regulators are gearing up to tackle climate change under President-elect Joe Biden. The industry will be ready to make sure any new rules suit them. Then the Federal Continue Reading
New U.S. cases topped 150,000 for the first time. Hospitalizations in the U.S. hit another all-time high. California became the second state in the country to surpass one million total Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of Continue Reading
The U.S. oilfield services sector added more than 6,400 new jobs last month. in the latest sign that things are beginning to look up for the embattled industry. There has Continue Reading
US industrial gas demand this month has edged up to its highest since late March as the sector recovers from a battering taken during this hurricane season and from a Continue Reading
