Oil Markets Are Finally Ready To Recover
The oil markets have staged a dramatic rally since early November, with WTI breaking out of a range between the high $30’s and low $40’s for the first time since Continue Reading
Oil Prices Sink As OPEC+ Hype Wears Off
Oil prices sank over 1% on Monday, erasing the positive sentiment that the market boasted last week after OPEC+ agreed on a plan for January production. While OPEC+ agreed to Continue Reading
Ricardo: e-fuels better focused on aviation and shipping rather than road
A new Ricardo report finds that the use of synthesized e-fuels should be prioritized for shipping and aviation ahead of road transport where other forms of electrification are more effective. Continue Reading
Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading Continue Reading
Libya’s rapid rebound drives OPEC+ output to 6-month high: S&P Global Platts survey
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
Iran says ‘smart satellite-controlled machine gun’ killed top nuclear scientist
The killing of Iran’s top nuclear scientist last month was carried out remotely with artificial intelligence and a machine gun equipped with a “satellite-controlled smart system”, Tasnim news agency quoted Continue Reading
Eastern Libyan force says it intercepted Turkish ship
Eastern-based Libyan forces have intercepted a Turkish ship under a Jamaican flag heading to the port of Misrata in western Libya, their spokesman said on Monday, a possible new flashpoint Continue Reading
The Tiny Oil Nation At The Center Of A Middle East Power Struggle
Now that Bahrain is part of the new U.S.-Israel-Middle East corridor of co-operation that is being developed from the U.S. (and Israel), through the UAE (and Bahrain, Kuwait and, in Continue Reading
Will China Win The Nuclear Fusion Race?
China is on a quest for world domination. Beijing has been making assertive moves into global energy markets for a while now, stepping into energy market power vacuums in largely Continue Reading
Japan launches oil, gas policy reviews for decarbonization
Japan’s Ministry of Economy, Trade, and Industry on Dec. 8 launched a series of oil and gas policy reviews to help meet its 2050 carbon-neutral target while ensuring a stable Continue Reading
China’s oil firms to raise Dec gasoline exports by 31%; gasoil to slump: sources
China’s export companies plan to increase gasoline exports in December by 30.7% from November to 2 million mt, while reducing gasoil exports by 28.5% to 1.3 million mt as domestic Continue Reading
CHINA DATA: Nov natural gas imports rise 22% on month to 9.18 million mt
China imported 9.18 million mt, or 12.65 Bcm, of natural gas, including LNG and piped gas, in November, up 21.8% on the month, S&P Global Platts calculations based on preliminary Continue Reading
Exxon Climate Disclosures: Big Oil Hides Carbon Forecasts From Investors – Bloomberg
A giant oil company like Exxon Mobil Corp. will publicly disclose forward-looking numbers on production forecasts, earnings potential and capital expenditures. But the biggest fossil-fuel producers don’t provide short-term guidance to Continue Reading
Trump Administration Declines to Tighten Soot Rules, Despite Link to Covid Deaths
The Trump administration on Monday declined to tighten controls on industrial soot emissions, disregarding an emerging scientific link between dirty air and Covid-19 death rates. In one of the final Continue Reading
California Utility Cuts Power as Strong Winds Pummel State
More than 700,000 Southern California residents are facing blackouts as near-hurricane-force winds batter the state, whipping the flames of two wildfires and raising the risk of new ones. Edison International turned off Continue Reading
Electric vehicles will contribute to decarbonization, but big investments in charging needed
Highlights EVs not expected to overwhelm grid in near-term DOE says battery costs are ‘coming down’ Houston — Electric vehicles are projected to comprise 40% of new car purchases by Continue Reading
2020 Thanksgiving week gasoline consumption in US lowest since 1997
US motorists stayed off the road during the Thanksgiving holiday in overwhelming numbers as the coronavirus surged across the country, according to the latest weekly survey of retail fuel stations Continue Reading
How Accurate Are Shale Drilling Profitability Claims?
Rigzone panelists offer their views on what to watch in the oil and gas markets this week. (The views and opinions expressed in this article are those of the attributed Continue Reading
Exclusive: U.S. air pollution monitoring network falling into disrepair – GAO report
The U.S. air pollution monitoring network has fallen into disrepair after years of budget cuts and neglect, leaving tens of millions of Americans vulnerable to undetected bad air quality from Continue Reading
UK Announces 68 Percent Emission Reduction Target
The UK Prime Minister has announced a new target to reduce the UK’s emissions by at least 68 percent by 2030, compared to 1990 levels. The UK Prime Minister has Continue Reading
First Electric Only Car-Charging Station Opens in the U.K.
The first all-electric auto service station will open in Britain on Monday as drivers increasingly avoid cars fueled by gasoline and diesel. It’s another sign the energy and transport industries are Continue Reading
UK-EU talks near collapse ahead of Johnson trip to Brussels
Britain and the European Union warned Tuesday that talks on a post-Brexit free-trade deal are teetering on the brink of collapse, with just over three weeks until an economic rupture Continue Reading
Political rumblings continue as Nord Stream 2 prepares to resume work
As the Nord Stream 2 development company prepares to resume gas pipelaying work on the controversial project in German waters, the political row over the pipeline continues with the US Continue Reading
Equinor, RWE join Europe’s biggest green hydrogen project: NortH2-project
Equinor and RWE have joined the NortH2 project, which aims to produce green hydrogen using renewable electricity from offshore wind off the coast of Netherlands of about 4 gigawatts by Continue Reading
Crude oil futures dip as most of California enters lockdown
Crude oil futures ticked down during midmorning trading in Asia Dec. 7 as the rally spurred by OPEC+ partially extending production quotas tapered off after most of California entered into Continue Reading
Oil Falls From Nine-Month High With Dollar Strengthening
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 and Continue Reading
Oil falls on surging virus cases and U.S.-China tensions
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between Continue Reading
Pandemic Pushes Fuel Makers in Richer Countries to the Brink
An Exxon Mobil refinery on the outskirts of Melbourne, Australia. A decade ago, Australia was home to seven refineries. Now, it has four. Soon, it could have just one. Covid-19 Continue Reading
The Worrying Truth About The New OPEC+ Agreement
OPEC+ has finally managed to reach a production cut agreement after several days of increased internal dissent. In its statement, the group reiterated a continued commitment to a stable market, Continue Reading
Iranian official close to Khamenei’s office denies rumours about his health – Fars
An official close to Iran’s Supreme Leader Ayatollah Ali Khamenei has denied rumours on social media about the top authority’s deteriorating health, the semi official Fars news agency reported on Continue Reading
U.S. Navy official says ‘uneasy deterrence’ reached with Iran
The top U.S. Navy official in the Mideast said Sunday that America has reached an “uneasy deterrence” with Iran after months of regional attacks and seizures at sea, even as Continue Reading
Iran getting ready for higher oil output after Trump leaves office: state TV
Iran is ramping up oil production capacity in a bid to raise crude sales under US President-elect Joe Biden’s administration after Donald Trump’s “maximum pressure” campaign to curb the country’s Continue Reading
Iraq committed to OPEC+ agreements; sees higher oil prices in Q1: oil minister
Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, Continue Reading
Venezuela: Maduro and allies win National Assembly poll – partial results
Turnout is predicted to be low as opposition supporters are urged to stay at home President Nicolás Maduro’s party and his allies have won in Venezuela’s legislative elections that were Continue Reading
Biggest Iranian Flotilla Yet En Route to Venezuela With Fuel
Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with Continue Reading
Exclusive: U.S. preparing new sanctions on Chinese officials over Hong Kong crackdown – sources
The United States is preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong, according Continue Reading
There’s a Plan to Bury Asia’s Carbon Emissions Under The Sea
Australian and Japanese companies are studying plans to capture carbon dioxide from industrial emitters in Asia and store it under the ocean floor off the coast of Australia. Perth-based Transborders Continue Reading
China trade surplus hits record $75B as Nov exports soar
BEIJING (AP) — China’s politically sensitive trade surplus soared to a record $75.4 billion in November as exports surged 21.1% over a year earlier, propelled by American consumer demand. Exports Continue Reading
China Exports Generate Record Trade Surplus
Cranes at the ready in the southern Chinese city of Guangzhou last month. China’s trade surplus widened to a record in November, as global demand for the country’s goods grew Continue Reading
China Installs ‘Artificial Sun’ To Test Fusion Power
China has successfully installed an “artificial sun” device designed to test nuclear fusion processes, Chinese state media reported on Friday. The HL-2M Tokamak was installed in Chengdu of the Sichuan Continue Reading
CHINA DATA: Nov natural gas imports rise 22% on month to 9.18 million mt
China imported 9.18 million mt, or 12.65 Bcm, of natural gas, including LNG and piped gas, in November, up 21.8% on the month, S&P Global Platts calculations based on preliminary Continue Reading
Japan to introduce ammonia for thermal power, shipping fuels in late 2020s
Highlights Significant amount of ammonia to be used as fuel by 2030 Discussions with the US, Australia, Saudi Arabia, UAE, IEA Developing fuel ammonia supply chain for introduction Tokyo — Continue Reading
BYD sells 18,220 EVs in China in November, up 128% year-on-year
Chinese automotive manufacturer BYD sold 18,220 pure-electric passenger vehicles in November, up by 22.1% from October and by 127.8% from a year earlier. November sales of plug-in hybrids passenger vehicles Continue Reading
Covid: Most of California under strict new lockdown as cases surge
San Francisco’s local lockdown began slightly earlier than in some other parts of the state Most parts of the US state of California are under a strict new lockdown, as Continue Reading
The U.S. Senate Just Gave Nuclear Power A Major Boost
The US Senate Committee on Environment and Public Works (EPW) has approved a bipartisan bill that, among other provisions, advances the federal initiative to establish a US national strategic uranium Continue Reading
Shale Executives See Little Chance Of Significant Growth
Crude oil production in the United States has been on the rise , topping 10.86 million bpd in September—the highest since May. Still, it’s a lot lower than it was Continue Reading
Nuclear Power In Energy Transition: Small Modular Reactors Challenge Natural Gas
The first operators of miniature nuclear reactors described their job as “tickling the tail of a sleeping dragon” because of the danger involved with unlocking the energy in atoms Those units built Continue Reading
Wildfire Risk Leaves Californians Without Homeowners Insurance
Homes nestled amongst dense brush and power transmission lines in the Oakland Hills area of Oakland, Calif. Photographer: Philip Pacheco/Bloomberg Acquiring home insurance has long been a mundane but necessary Continue Reading
2020 Hurricane Season Was a Record Setter. Here’s What It Means for the Future
This year’s record-breaking Atlantic hurricane season officially ended Nov. 30, but the procession of violent storms it unleashed foreshadows a dark future fueled by climate change. A combination of warmer Continue Reading
‘Existential Peril’: Mass Transit Faces Huge Service Cuts Across U.S.
In Boston, transit officials warned of ending weekend service on the commuter rail and shutting down the city’s ferries. In Washington, weekend and late-night metro service would be eliminated and Continue Reading