China on Saturday promised incremental new steps to address climate change in the next decade, but signaled that it would not reveal all of its plans before seeing the next Continue Reading
World leaders and corporate bosses met virtually to set out what they will do to slow global warming — from emissions cuts to measures to force financial disclosure. The pledges Continue Reading
U.S. President-elect Joe Biden pledged Saturday to rejoin the Paris climate accord on the first day of his presidency, as world leaders staged a virtual gathering to celebrate the fifth Continue Reading
More energy- and cost-efficient batteries will be key to accelerating the adoption of electric vehicles (EVs) and increasing the share of renewable power generation as many countries pledge to make Continue Reading
Minneapolis-based Xcel Energy will work with Idaho National Laboratory to demonstrate a system that uses a nuclear plant’s steam and electricity to split water. ( Earlier post .) The resulting Continue Reading
Siemens Energy, Duke Energy and Clemson University have teamed up to study the use of hydrogen for energy storage and as a low- or no-carbon fuel source to produce energy Continue Reading
Elon Musk said demand for Tesla Inc. vehicles is so high that production needs to increase as much as possible for the rest of December. Without giving specific numbers, Musk sent Continue Reading
Germany will close shops from the middle of next week in a tightening of coronavirus lockdown restrictions, people familiar with the matter said on Saturday. Slideshow ( 5 images ) Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . British Airways will work with hydrogen plane startup ZeroAvia to speed the Continue Reading
Most stores shut, tight limits on social contacts, no singing in church and a ban on fireworks sales: Germany is ratcheting up its pandemic restrictions in an effort to cut Continue Reading
media captionJohnson: ‘Whatever happens, the UK will do very, very well’ The UK and EU have agreed to carry on post-Brexit trade talks after a call between leaders earlier on Continue Reading
Work has resumed in Baltic Sea waters off the German coast on the controversial Nord Stream 2 natural-gas pipeline, project managers said in a statement on December 11. The statement Continue Reading
A UK source said the “process still has some legs” but Boris Johnson has warned a no-deal is the “most likely” outcome. A deadline to finish talks had been set Continue Reading
The system underpinning a UK Emissions Trading System is on track to be ready for the country’s exit Jan. 1, 2021, from the EU’s own ETS, the UK government said Continue Reading
Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending. NYMEX January WTI settled 21 Continue Reading
Oil prices fell back on Friday morning following a strong rally on the back of an OPEC+ agreement and new COVID-19 vaccine rollouts around the globe. For Global Energy Alert Continue Reading
Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand. Futures in New York eased off a nine-month high Continue Reading
Global oil demand is rebounding after hitting a trough last month as ongoing strong consumption in Asia and Latin America, coupled with a recovery in Europe, more than offsets fresh Continue Reading
Global demand for road fuels hit a two-month high last week, recovering from the slowdown in October and November when many countries in Europe imposed lockdowns for a second time Continue Reading
Highlights 2021 oil demand to rise by over 6 million b/d Oil supply to rise 3 million b/d with OPEC+ dominant supplier Refinery closures inevitable on slow demand growth, biofuels Continue Reading
How is the world going to end? Polls consistently show that most believe the cause will be environmental. “Climate anxiety” has reached such a fevered pitch among young people across Continue Reading
A return by the US to the Paris Climate Accord expected under the incoming administration of President-elect Joe Biden could give a further boost to renewable and clean energy generation Continue Reading
Five years ago this month, negotiators from nearly 200 countries agreed at a conference near Paris to hold “the increase in the global average temperature to well below 2 degrees Continue Reading
Nature struck relentlessly in 2020 with record-breaking and deadly weather- and climate-related disasters. With the most named storms in the Atlantic, the largest-ever area of California burned by wildfires, killer Continue Reading
A locked-down pandemic-struck world cut its carbon dioxide emissions this year by 7%, the biggest drop ever, new preliminary figures show. The Global Carbon Project , an authoritative group of Continue Reading
A decade ago, NextEra, Iberdrola and Enel were sleepy regional utilities with little name recognition. Now they are fast-growing giants with market values rivaling the likes of oil majors Exxon Continue Reading
Iranian authorities seem confident they could be able to sell as much as 2.3 million barrels per day (bpd) of oil in the next Iranian year that begins in March Continue Reading
ADNOC has signed a strategic framework agreement with Exxon Al Khalij Inc focused on exploring joint technology research and development partnership opportunities across the oil and gas upstream value chain. Continue Reading
A forgotten conflict on the fringes of the Sahara desert is heating up — and Donald Trump’s decision to recognize Morocco’s sovereignty over the disputed territory is set to make Continue Reading
ExxonMobil and its partner Petronas have discovered oil and gas offshore Suriname, which adds to Exxon’s numerous discoveries offshore Guyana in the same Guyana-Suriname basin, the U.S. supermajor said on Continue Reading
After surprising the world in September with a pledge to make China carbon neutral by 2060, President Xi Jinping has an opportunity to assert his global leadership on climate before Joe Continue Reading
It has not taken long for the wheels to come off the Belt and Road Initiative. As recently as May 2017, China’s leader Xi Jinping stood in Beijing before a Continue Reading
China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 338. The total number of active oil and gas rigs increased Continue Reading
The U.S. Department of Energy has extended the export terms for seven LNG license until 2050 for projects currently under construction or pending the start of construction. The extensions include Continue Reading
The Texas Railroad Commission has been banned from enforcing a string of environmental rule waivers after a judge ruled the agency had failed to provide the public with adequate advance Continue Reading
Janet Yellen has promised to make fighting climate change a priority as Treasury secretary, spurring hope among activists she will put the issue at the center of U.S. economic policy for the first time. Yellen, President-elect Continue Reading
Since Joe Biden’s election last month, U.S. car companies have been stepping up one by one to support the limits on tailpipe emissions he has pledged to impose. A new spirit of cooperation between Continue Reading
Basis prices at South Texas natural gas hubs are at significant premiums to year-ago levels this month as strong exports and lower production tighten the supply-demand balance in the Lone Continue Reading
Britain is likely to complete its journey out of the European Union in three weeks without a trade deal, British Prime Minister Boris Johnson and European Commission chief Ursula von Continue Reading
Long lines of trucks carrying stockpiles for British companies jam the highways leading to France’s northern port of Calais, while in the coastal town of Boulogne-sur-Mer, French fishermen pull in Continue Reading
The German state where the controversial Russia-led natural gas pipeline Nord Stream 2 is planned to land has proposed the creation of a state-protected foundation that would hold the assets Continue Reading
The developer of the Nord Stream 2 gas pipeline has resumed work to lay a small 2.6 km stretch of the link in German waters using the Fortuna pipelaying vessel, Continue Reading
German Chancellor Angela Merkel is scheduled to discuss on Sunday a tightening of lockdown restrictions with state leaders as coronavirus infections rise and amid growing calls for action, sources familiar Continue Reading
Crude oil futures continued their upward trajectory during mid-morning Asian trade Dec. 11 as vaccine momentum intensified following an endorsement of the Pfizer-BioNTech vaccine by the US Food and Drug Continue Reading
Oil pushed past $47 a barrel, extending a remarkable vaccine-driven rally that’s taken many in the market by surprise. Futures in New York rose 0.7% after jumping 2.8% Thursday. The first Continue Reading
The U.S. Energy Information Administration has raised its Brent and West Texas Intermediate oil price forecasts for both 2020 and 2021. The U.S. Energy Information Administration (EIA) has raised its Continue Reading
Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy Continue Reading
Oil in London climbed above $50 a barrel for the first time since the pandemic ground the global economy to a halt in a remarkable rally that few predicted would Continue Reading
Energy efficiency has become the next victim of the coronavirus pandemic, with lockdowns and a recession limiting efficiency gains now and into the future as businesses reprioritize investments to cater Continue Reading
