The COVID-19 pandemic has fueled a 40% increase in the number of people needing humanitarian assistance around the globe, the United Nations said on Tuesday, as it appealed for roughly Continue Reading
A year ago, if anyone in the petroleum business had suggested that the moment of Peak Oil had already passed, they would have been laughed right off the drilling rig. Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
The US oil sector is emerging gingerly from this year’s price crash and may even start increasing output again — so long as an increasingly fractious Opec agrees this week Continue Reading
Driven by a faster-than-expected comeback of Libyan oil production, OPEC’s crude output jumped in November by 750,000 barrels per day (bpd), the fifth consecutive increase in the cartel’s production, the Continue Reading
Oil prices are falling today as news broke that there is no clear consensus yet among the OPEC+ alliance on how to proceed from January. Oil prices are falling today Continue Reading
Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on whether to extend output cuts into next year. The OPEC Continue Reading
The OPEC meeting ended on Monday without an agreement among its members regarding the production cuts next year. Instead, the meeting ended with three of its heavyweights—Russia, Saudi Arabia, and Continue Reading
Refiners in Asia expect the world’s largest oil exporter, Saudi Arabia, to raise the official selling prices for its crude oil going to Asia in January due to stronger winter Continue Reading
Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported , citing officials from the facility. In a statement on the terrorist group’s Continue Reading
President-elect Joe Biden has said he plans for the U.S. to re-enter the Iran nuclear deal he helped establish under the Obama administration in 2015. WSJ’s Gerald F. Seib explains Continue Reading
Commentators, brushing past Israel’s refusal to comment on an assassination that showed the hallmarks of an Israeli clandestine operation, have moved on to asking what Israeli Prime Minister Benjamin Netanyahu Continue Reading
A senior Iranian official said on Monday an opposition group was suspected alongside Israel in the killing of a prominent Iranian nuclear scientist, an attack that has raised the prospect Continue Reading
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month. The rig count is a reflection Continue Reading
This extension to a nuclear facility in Pakistan was spotted using Google Earth Neil Hyatt et al. Sleuthing with satellite images on Google Earth has revealed a substantial and undocumented Continue Reading
Global stocks and U.S. futures rose Tuesday after Chinese manufacturing improved, South Korea reported stronger exports and Australia’s central bank left its benchmark lending rate at a record low. Markets Continue Reading
Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic. Strong demand Continue Reading
The international media think tanks and government agencies have discussed at length the near failure of Venezuela, once Latin America’s most stable and developed nation, and the emergence of this Continue Reading
The closely watched weekly reports on U.S. claims for unemployment benefits will soon come with a disclaimer that the figures aren’t accurately capturing how many people are actually claiming benefits Continue Reading
Colorado producers on Jan. 15 will face the most-stringent drilling setback rules in the US, when buffers quadruple to 2,000 feet as a backlog of 6,000 pending permits have built Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
The energy sector has emerged as the best performer over the past few weeks, with WTI crude prices climbing to their highest level in nearly eight months thanks to a Continue Reading
Crude oil production, including lease condensate, in the United States rose in September to 10.860 million barrels per day on average, according to the Energy Information Administration’s monthly report released Continue Reading
With the shift to cleaner power sources displacing workers in coal-reliant communities, one of the largest US trade unions for the utility sector hopes that President-elect Joe Biden will expand Continue Reading
US crude oil inventories likely declined in the week ended Nov. 27 amid an expected uptick in refinery demand and steady exports, an S&P Global Platts analysis showed Nov. 30. Continue Reading
The EU’s economy-wide greenhouse gas emissions fell by 3.7% in 2019 to the lowest in three decades, the European Commission said Nov. 30. Not registered? Receive daily email alerts, subscriber Continue Reading
The developer of the almost-complete Nord Stream 2 gas pipeline from Russia to Germany is set to resume pipe-laying work in German waters next month, according to a notice to Continue Reading
Germany’s labor market shrugged off a worsening pandemic and new restrictions, with unemployment unexpectedly declining for a fifth month in November.A drop of 39,000 left the total number of jobless Continue Reading
The UK and Scottish authorities are funding the world’s first trial of a 100 percent green hydrogen generation, storage, and distribution network to heat 300 homes in Scotland as part Continue Reading
The UK Department for Business, Energy and Industrial Strategy (BEIS) has approved the construction of the biggest battery storage project in the UK, and one of the largest such projects Continue Reading
Russia’s Novatek has completed its first trial delivery of LNG shipped in ISO containers to Shanghai, China, it said Dec. 1, as it eyes the use of ISO containers for Continue Reading
