In El Paso, hospitals reported that just 13 of 400 intensive care beds were not occupied last week. In Fargo, N.D., there were just three. In Albuquerque, there were zero. Continue Reading
Big Bend Regional Medical Center, the sole hospital for 12,000 square miles, has just 25 beds, and a makeshift Covid ward where patients are sequestered at the end of a Continue Reading
New York State’s comptroller, Thomas DiNapoli, announced on Wednesday that the state would begin divesting its $226 billion employee pension fund from gas and oil companies if they can’t come Continue Reading
US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen in July, US Energy Information Continue Reading
Almost five years after countries signed the landmark Paris Agreement on climate change, financial institutions are still providing billions of dollars to companies extracting and burning the earth’s most-polluting resources. Since the start of Continue Reading
General Motors’ self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete Continue Reading
2020 has been an absurd year in many ways, but some sectors are thriving in a chaotic market as billionaire investors, institutions, and especially the Robin Hood crowd are rushing Continue Reading
US industrial gas demand is trending above year-ago levels this month but widening coronavirus-related lockdowns and emerging demand weakness in major consumer sectors are now putting the recovery at risk. Continue Reading
Hydro-Québec has launched EVLO Energy Storage Inc. ( EVLO ), a subsidiary that designs, sells, and operates safe, efficient and sustainable energy storage systems. These storage systems are intended mainly Continue Reading
The U.S. energy transition is well underway. Electricity from solar and wind is increasingly competitive with natural gas power, and the grid is hemorrhaging coal plants that no longer make Continue Reading
The start of commercial operations on the new 1.4-GW NordLink cable linking Norway and Germany on Dec. 9 boosted hourly power prices in Norway’s NO2 zone to almost Eur100/MWh ($121/MWh), Continue Reading
European energy groups Iberdrola from Spain , Orsted from Denmark and Snam from Italy have joined a green hydrogen project that aims to develop up to 25 GW of worldwide Continue Reading
The days of peak oil consumption for the global economy may be over and the trend could affect Russia’s budget revenue, the country’s deputy finance minister, Vladimir Kolychev, warned. “The Continue Reading
Britain warned the European Union on Thursday that it must make significant concessions to break the impasse in Brexit trade talks by the end of the weekend to give some Continue Reading
Boris Johnson and the EU have set a Sunday deadline for a “firm decision” on the fate of their future-relationship negotiations after three hours of “frank” talks in Brussels ended Continue Reading
When Alina Kosova’s uncle fell ill in their Siberian village last month, the ambulance sent from the nearby city of Omsk left without him, prompting his family to drive him Continue Reading
as data released from the American Petroleum Institute showed a build in crude and product inventories, with the continued progression of the pandemic also weighing on the market. Receive daily Continue Reading
Oil prices inched higher on Wednesday, paring earlier losses, as positive news on COVID-19 vaccines lifted investor hopes for a recovery in fuel demand, outweighing concerns over an unexpected jump Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.141 million barrels for the week ending December 4. Analysts had predicted an inventory draw Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.141 million barrels for the week ending December 4. Analysts had predicted an inventory draw Continue Reading
Gasoline demand hit a 20 year low over the Thanksgiving holiday, down 8.4% from the week before and the decline is showing no sign of shopping Chart of the Week Continue Reading
An animation showing the extent of Arctic sea ice from this year’s maximum, on March 5, to this year’s minimum, on Sept. 15, with the 30-year average minimum in yellow. Continue Reading
No matter how often we hit one, a global temperature record never gets less shocking. Nineteen of the 20 hottest years on record have occurred in this century—which is only 20 Continue Reading
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil Continue Reading
Oil is sometimes referred to as ‘black gold’. The discovery and export of fossil fuels have led to tremendous wealth creation for certain countries. In this sense, no region in Continue Reading
OPEC and its allies in November pumped their most crude oil since implementing historic production cuts in May, the latest S&P Global Platts survey found, driven largely by Libya’s brisk Continue Reading
Oil rallied after attacks on small oil fields in Iraq reminded the market that the country’s security challenges haven’t yet gone away. Brent futures rose as much as 1.5%, reversing an Continue Reading
Mexico’s Pemex is considering exploring the Tampico-Misantla basin where there are vast untapped unconventional resources, in case the country were to change its current energy policy that neglects them. Receive Continue Reading
The Regional Comprehensive Economic Partnership that 15 Asian nations signed last month will place South Korea and Japan in a more favorable position as oil product suppliers to China, Bloomberg Continue Reading
China’s record-high imports from earlier this year continued to slow down last month along with other commodity imports, as demand growth slackens. The average amount of oil China imported in Continue Reading
Hybrid cars are seeing a quiet resurgence as the boom in electric vehicles spurs automakers to give the older, cheaper technology a second look. (Bloomberg) — Hybrid cars are seeing Continue Reading
lly Financial Inc., the largest U.S. auto lender, said carmakers should get busy. There’s enough consumer demand for manufacturers to ramp-up output of new models but not enough supply, Chief Continue Reading
Fewer New York City drivers passed over toll bridges this month as the pandemic worsened, a signal that fuel demand will further weaken as the city faces tighter restrictions in Continue Reading
More than 75,000 homes and businesses in Southern California are in the dark as dry, gusty winds continue to blow across the state, raising the risk of wildfires in the Continue Reading
Forecast Highlights Global liquid fuels The December Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 Continue Reading
After years of uncertainty and missed deadlines, the U.K. is finally leaving the EU. But the Brexit drama may not be over as the U.K. enters a new phase of Continue Reading
Royal Dutch Shell has been hit by the departure of several clean energy executives amid a split over how far and fast the oil giant should shift towards greener fuels. The Continue Reading
Denmark’s announcement that it would stop offering exploration licenses came down on the European oil and gas sector like a bolt from the blue. Not that it would be a Continue Reading
The cash-market spread from Waha to the benchmark Henry Hub is at its narrowest this month since May as the two locations face opposing market forces that could endure into Continue Reading
The cost of Britain’s efforts to reduce its greenhouse gases over the next three decades is lower than previously thought and could even be neutral, according to the government’s independent Continue Reading
Russia has signaled it may be starting to prepare for a permanent decline in crude oil demand over the long term, even after the devastating effects of the coronavirus pandemic Continue Reading
Earlier this month, car giant Porsche announced that it was investing $24 million in the development of e-fuels to use in its sports cars. The news followed the company’s recent Continue Reading
Russian state-owned oil and gas producer Rosneft said Dec. 9 that it has discovered a large new gas field in the Arctic Kara Sea. Not registered? Rosneft is playing a Continue Reading
The United Kingdom can raise its climate ambitions for 2035 in a move that would put the country’s legally binding 2050 net-zero emissions target within reach, the independent Climate Change Continue Reading
For years, the world’s largest oil trading firm has maintained that it has “zero tolerance” for corruption. Now Vitol Inc. has admitted that it was paying bribes through a network Continue Reading
Crude oil futures fell during midmorning Asia trading Dec. 8 as a continuing rise in COVID-19 infections led countries to impose a myriad of mobility restrictions, dampening sentiment in the Continue Reading
Oil swung between gains and losses as the market weighed the outlook for demand as coronavirus vaccines begin. Futures in New York traded below $46 a barrel, driven by fluctuations in Continue Reading
Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher Continue Reading
Oil snapped a three-day streak of gains alongside a broader market selloff as near-term demand risks from a resurgent pandemic clouded optimism surrounding a future vaccine rollout. Futures fell 1.1% Continue Reading
For oil, the beginning of this week is like the morning hangover following a good night out that went a bit too far. For oil, the beginning of this week Continue Reading
