BMW To Challenge Tesla With Ambitious EV Plan
As if Tesla’s inclusion in to the S&P 500 and ARK Invest’s batshit insane impressive fund inflows over the last couple weeks haven’t been enough to make you consider a Continue Reading
Covid-19 Vaccine Made by AstraZeneca, Oxford Is Authorized by U.K.
The U.K. authorized a Covid-19 vaccine developed by the University of Oxford and AstraZeneca PLC, opening the door for the rollout of millions of doses in a country where infections have surged Continue Reading
Volkswagen significantly expanding charging infrastructure at German sites; first High Power Charging stations with up to 300 kW
The Volkswagen brand is significantly expanding the charging infrastructure at its German sites. Some 750 new charging points are planned for next year, including the first High Power Charging stations Continue Reading
Crude oil futures rise as risk-on sentiment grips market
Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from US President Donald Trump’s signing of Continue Reading
Global stocks, oil lead risk rally on U.S. stimulus hopes
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier Continue Reading
Oil Pushes Higher Aided by Dollar Amid Grim Short-Term Outlook – Bloomberg
Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York Continue Reading
Oil Prices Fall Despite Broader Market Surge
Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+ (Bloomberg) — Crude slipped as investors Continue Reading
Oil’s Turbulent Year Stirs Debate on Relevance of Benchmarks
A tumultuous year in oil markets left the energy industry reeling and gave fresh impetus to a perennial debate: What is the best gauge of crude prices? The Covid-19 pandemic confined Continue Reading
What Big Oil’s $145 Billion Write-Downs Mean For The Industry
The 2020 oil price collapse provided a reality check for the global oil and gas industry, which reassessed its price assumptions for the years ahead and readjusted the value of Continue Reading
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Continue Reading
A historic oil price collapse, with worries headed into 2021
This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year Continue Reading
Hydrogen: The Beginning Of A New Era In Energy
2020 was a year of radical shifts in energy markets. The first, but not the most important one, was the deliberate failure of the OPEC+ deal in March. This was Continue Reading
The Gospel of Hydrogen Power
In December, the California Fuel Cell Partnership tallied 8,890 electric cars and 48 electric buses running on hydrogen batteries, which are refillable in minutes at any of 42 stations there. Continue Reading
Bloomberg Green’s Biggest Climate Change Stories of 2020
2020 was a monumental year for just about every kind of news, and climate news was no exception. As the world reeled from the shocks of the coronavirus pandemic, racial tension, and economic Continue Reading
Saudi Aramco Discovers 4 New Oil And Gas Fields
Saudi Aramco has discovered four new oil and gas fields, the Kingdom’s Energy Minister Abdulaziz bin Salman said, as quoted by the Saudi Press Agency. Two of the fields are Continue Reading
Algerian energy minister urges OPEC+ caution as virus mutation clouds outlook: report
The OPEC+ alliance should remain cautious at its upcoming meeting Jan. 4 because a new strain of the coronavirus that causes COVID-19, B117, is likely to weigh on global oil Continue Reading
Russian To Aid Iran In Major Sanction-Skirting Energy Megaprojects
Alongside the continued development of its huge West Karoun oil fields , the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations Continue Reading
Mexico Restricts Fuel Imports Of Private Firms
Mexico issued during the weekend new rules that would limit fuel imports of private firms in a controversial move seen as boosting the dominant position of state oil firm Pemex. Continue Reading
Pushback on Xi’s Vision for China Spreads Beyond U.S.
In March 2019, Xi Jinping flew to Paris to meet French President Emmanuel Macron, German Chancellor Angela Merkel and the then-president of the European Commission, Jean-Claude Juncker. After toasting with Continue Reading
Trump administration bolsters order barring U.S. investment in Chinese firms
The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make Continue Reading
China secures coal, gas and power supplies ahead of another cold wave: NDRC
China has taken measures to secure natural gas, electricity and coal supplies ahead of another expected cold snap in the coming days, the country’s top policy planner, the National Development Continue Reading
LNG price rise improves US export prospects
A sharp rise in global prices for natural gas is proving a relief for companies seeking to export more of the fuel from the US, after a year of setbacks Continue Reading
Will Batteries Kill Off Traditional Power Plants?
Many of us typically do not give much thought to the batteries that power our electronic devices other than when our cell phones, laptops, or EVs run out of juice. Continue Reading
Is The Energy Transition Creating A Major Investment Bubble?
Tesla this month joined the S&P 500 as the fifth-largest company on the index, after its stock skyrocketed this year, driving a lot of appetite for EV investment in general. Continue Reading
Natural Gas Prices Plunge 10% On Extremely Bearish Weather Forecast
Natural gas futures are down more than 10% on Monday morning following new weather models that suggest warmer weather is ahead. Meteorologists at BAMWX show one model that suggests temperature Continue Reading
US liquefaction terminal utilization jumps as Asian spot prices rise to 2014 level
US LNG feedgas demand surged Dec. 28 to near a record set two weeks earlier as spot prices for deliveries to Northeast Asia, the world’s biggest import market, rose to Continue Reading
Renewed COVID lockdowns likely in Southern California as ICUs stay filled
The United States topped 19 million COVID cases on Monday as hospital intensive care units were full to overflowing across much of California, a major U.S. virus hot spot, portending Continue Reading
Climate Change Led to Record Insurance Payouts in 2020
Covid continues to cause severe economic distress, but natural disasters fueled by a warming planet also took their toll this year, causing record damage and displacing millions according to two new assessments of Continue Reading
Companies Seek to Green the Grid With Trash Gas
Missouri hardly produces any natural gas, unless you count the hogs. The methane wafting from the manure ponds at swine farms across the state is increasingly funneled into pipelines and Continue Reading
Joe Biden’s Climate Team Actually Cares About Climate
As President-elect Joe Biden rolls out his climate and environment team, it is worth recalling, if only to grasp the distance between then and now, the hopeless bunch President-elect Donald Continue Reading
Covid-19: U.S. Air Travel Is Highest Since March, Despite Warnings
Sunday was the busiest day for U.S. airports since mid-March, underscoring concerns that a spike in holiday travel may contribute to the spread of the coronavirus, even as new cases Continue Reading
3 Ways to Play the $30 Trillion ESG Boom in 2021
There’s an old dictum in investment circles that says that “the trend is your friend.” For decades, megatrends have always set the stage for winning investments, whether they involved technological Continue Reading
Commodities 2021: Biden Administration’s possible ban on new federal leases could cut 3.7 Bcf/d by 2025
Due to industry concerns over receiving permits to drill on federal and Native American land under a Biden Administration, most major producers have stocked up on federal permits over the Continue Reading
Weekly US coal production totals 11 million st, down 12.6% on year: EIA
Weekly US coal production was estimated at nearly 11 million st in the week ended Dec. 19, down 2.6% from the year-ago week, US Energy Information Administration data showed Dec. Continue Reading
Commodities 2021: Confidence slowly lifts in battered North Sea oil, gas industry
The North Sea oil and gas industry enters 2021 picking up the pieces after a vertiginous price collapse, but with an optimism that it has more to give as new Continue Reading
Oxford team directly converts CO2 to jet fuel using iron-based catalysts – Green Car Congress
Researchers at the University of Oxford have developed a method to convert CO2 directly into aviation fuel using a novel, inexpensive iron-based catalyst. The catalyst shows a carbon dioxide conversion through Continue Reading
Brexit ‘big bang’ to trigger tectonic trading rift in Europe
Europe will see its biggest transfer of share trading in more than two decades when stock exchanges open for business in 2021, with Brexit shifting its centre of gravity away Continue Reading
Sweden’s Oldest Nuclear Reactor Set to Close, Driving Up Electricity Bills – Bloomberg
Millions of homes and factories in Sweden could get hit by rising power costs after the nation’s oldest nuclear reactor generates its last megawatt on Thursday. Utility Vattenfall AB took the Continue Reading
Coronavirus updates: Russia admits its death toll is three times higher
Russia admits its death toll is three times higher More than 80% of the excess deaths in Russia this year are linked to the coronavirus pandemic, Deputy Prime Minister Tatiana Continue Reading
Swansea team develops faster, greener way of producing carbon spheres
A fast, green and one-step method for producing porous carbon spheres—a component for carbon capture technology and for new ways of storing renewable energy—has been developed by Swansea University researchers. Continue Reading
Crude prices fall as market grapples with heightened coronavirus concerns
Crude oil futures ticked lower during midmorning trade in Asia Dec. 28 as concerns intensified about the new coronavirus strain and countries across the world reported new infections while the Continue Reading
Oil trims losses after Trump signs aid bill; demand concerns linger
Oil pared some of its losses from earlier on Monday after U.S. President Donald Trump signed a $2.3 trillion coronavirus aid and spending package but lingering worries about near-term demand Continue Reading
Oil Steadies With Virus Pessimism Balanced by U.S. Stimulus
Oil steadied — after posting its first weekly loss since October — as pessimism over a new strain of Covid-19 that’s threatening more travel restrictions was balanced by the passage Continue Reading
3 Reasons Why Oil Could See An End Of Year Rally
Crude oil futures have been edging higher over the past few weeks, defying the usual trend of profit-taking ahead of the Christmas holidays. WTI was trading as high as $49.20 Continue Reading
The Very Real Possibility Of Peak Oil Supply
Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the Continue Reading
Is The Green Hydrogen Hype Justified?
Has the time for the “fuel of the future,” green hydrogen, arrived? Recently, some of the world’s biggest green hydrogen project developers and partners joined hands to launch the “Green Continue Reading
Saudi Arabia announces new oil and gas finds, including unconventional resources
Saudi Arabia has discovered four new oil and gas fields, including unconventional resources, the country’s energy minister said Dec. 27. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Iraq plans to boost southern oil export capacity by 72% after three years: ministry
Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to Continue Reading
Iraq warns of power outages as Iran plans to reduce gas supply due to unpaid bills
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran Cuts Gas Flows to Iraq, Threatens Further Reductions
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading