The number of U.S. deaths reported in a single day hit a record, surpassing 3,000. Newly reported infections also surged, hitting 200,000 for the second time. A scientist in Japan Continue Reading
Declining coal demand across several sectors, especially electricity generation, has led to a 28-percent slump in U.S. coal mining productive capacity since the peak in 2009, the Energy Information Administration Continue Reading
President Vladimir Putin on Wednesday ordered a “large-scale” COVID-19 immunization campaign to start by late next week, with doctors and teachers set to be first in line to get a Continue Reading
U.K. output shrank for the first time since June amid restrictions to slow the second wave of Covid-19. IHS Markit’s composite Purchasing Managers Index dropped to 49 in November, slipping below Continue Reading
A brewing spat over the European Union’s plan to tighten its 2030 climate goal is adding to a list of conflicts that the region’s leaders will have to deal with Continue Reading
Electric-vehicle researchers are criticizing an automaker-sponsored report they say overstates how many miles battery-powered cars need to be driven before they’re cleaner than those running on combustion engines. The report compiled Continue Reading
One of the most promising solutions for cleaning up cow burps, a major contributor to global emissions, could be ready for sale in Europe within two years. Dutch nutrition company Royal DSM Continue Reading
Russian gas supplies to Europe remained at 2020 highs in November, with average deliveries of 439 million cu m/d, an analysis of data from S&P Global Platts Analytics showed Dec. Continue Reading
million cu m/d, an analysis of data from S&P Global Platts Analytics showed Dec. 3. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Russian Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Dec. 2 following an unexpected build in US crude inventory and amid uncertainty around the outcome of OPEC talks on Continue Reading
Oil slipped for a fourth day after an industry report pointed to a bigger-than-expected increase in U.S. crude stockpiles before a fractured OPEC+ gathers on Thursday to deliberate on its Continue Reading
Oil fell the most in two weeks as tensions between OPEC members heightened the uncertainty of the group delaying its planned output increase. Futures fell 1.7% in New York as Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.146 million barrels for the week ending November 27. Analysts had predicted an inventory draw Continue Reading
Exxon Mobil Corp.’s impending writedown of natural gas fields rounds out a record year for Big Oil chargeoffs stemming from misplaced optimism on the future of fossil fuels. The five Western Continue Reading
The economic and industrial turmoil created by the novel coronavirus pandemic will forever be associated with the year 2020, but its impact will be much farther reaching and longer lasting Continue Reading
Global carbon capture and storage facility capacity increased by 33% in 2020 and 12 new commercial projects were added in the Americas, bringing that total to 38 operating facilities, which Continue Reading
If OPEC+ increases its production as planned from January, the world will have to face a new 200+ million barrel surplus through May, Rystad Energy calculates. If OPEC+ increases its Continue Reading
OPEC and its Russian-led partners have postponed a meeting until Thursday. The arrival of a vaccine is a blessing for oil producers. Hopes for a vaccine, however, are causing a Continue Reading
OPEC is hoping a couple of days away from the market’s glare will allow cooler heads to prevail and rescue a deal to extend production cuts that analysts say is Continue Reading
Highlights Ministers hope to regroup by Dec. 3 meeting Saudi Arabia favors 3-month extension of oil cuts UAE wants tighter enforcement of quotas London — OPEC is hoping a couple Continue Reading
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A bill requiring Iran’s government to suspend nuclear inspections unless sanctions are lifted, and ignore other restraints on its nuclear program agreed with major powers, was passed by the hardline-led Continue Reading
Iran’s parliament has approved plans to dramatically increase its nuclear enrichment program in contravention of its agreement with global powers as the Islamic regime reels from the aftermath of the Continue Reading
Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss Continue Reading
Countrywide exports of 3.143 million bpd suggest Iraq has reduced output, with OPEC-plus members insisting on full quota compliance as they consider extending cuts. Tankers load at the al-Basra Oil Continue Reading
Fracking activity in Vaca Muerta shot up 58% month on month in November, reaching the highest level this year, according to data released Dec. 1, as Mexico’s Vista Oil & Continue Reading
Iranian lawmakers urged the Rouhani government to restrict United Nations inspections of its nuclear activities and boost uranium enrichment, following the killing last week of a top nuclear scientist. On Continue Reading
Humiliated by the killing of a top nuclear scientist, Iranian officials sought this week to rewrite the attack as an episode of science fiction: Israel had executed him entirely by Continue Reading
Venezuela boosted its crude oil exports nearly threefold in November to more than 500,000 barrels per day (bpd), including by hiding the true identity of tankers to avoid detection, Bloomberg Continue Reading
New coal power plants in China will face severe restrictions after 2026 as the country pivots to a carbon-neutral future, according to a researcher with the nation’s main grid operator. Continue Reading
New Mexico was, until recently, a lucky state. Despite being one of the states with the weakest economies—and high unemployment—New Mexico had the Permian, and oil revenues from drillers there Continue Reading
(Reuters) – Joe Biden will not immediately cancel the Phase 1 trade agreement that President Donald Trump struck with China nor take steps to remove tariffs on Chinese exports, the Continue Reading
A group representing major automakers on Tuesday vowed to work with President-elect Joe Biden on efforts to reduce vehicle emissions even as the industry remains split over an effort to Continue Reading
Exxon Mobil Corp. is about to incur the biggest writedown in its modern history. (Bloomberg) — Exxon Mobil Corp. is about to incur the biggest writedown in its modern history Continue Reading
A post by Ovi at peakoilbarrel All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM . After Continue Reading
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. Affected employees Continue Reading
Ford Motor Co. is prodding other automakers to embrace more stringent automotive clean air standards set by California in another blow to President Donald Trump’s efforts to limit the state’s Continue Reading
Morgan Stanley recently raised their rating on Tesla (NASDAQ:TSLA) for the first time in 3 years. Two weeks later and the stock has already smashed through their $540 price point, Continue Reading
Exxon Mobil Corp. is suspending employee bonuses for this year. (Bloomberg) — Exxon Mobil Corp. is suspending employee bonuses for this year after the crude-market collapse spurred a record run Continue Reading
Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday, while Continue Reading
European refiners are struggling with their weakest market in decades. But some industry watchers have become cautiously optimistic that improved demand, plant closures, and longer OPEC+ supply cuts could put Continue Reading
Colder-than-normal weather settling into Europe over the next week is poised give the second boost to natural gas and power markets since the start of the heating season. The chill is Continue Reading
A group of environmental organizations backed by thousands of Dutch citizens launched a civil case Tuesday against the energy giant Shell, asking a court to order the multinational to commit Continue Reading
Russia produced 40.96 million mt of crude and condensate in November, equivalent to around 10 million b/d, according to preliminary data released by the central dispatching unit of the Russian Continue Reading
Crude oil futures fell during mid-morning trade in Asia Dec. 1 after OPEC members failed to agree on extending current output cuts and have delayed the second day of its Continue Reading
Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement. Futures were 0.7% higher in New York, Continue Reading
Oil’s rally above $45 a barrel hit the brakes on Monday. (Bloomberg) — Oil’s rally above $45 a barrel hit the brakes on Monday after OPEC talks ended without a Continue Reading
Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited increase in supply from OPEC+. However, before Continue Reading
The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—just a couple of years ago hailed as Continue Reading
The progressive goal to “transition” away from oil might not be as easy as some proclaim. In the U.S., oil has been our main source of energy since 1950, when Continue Reading
