Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries Continue Reading
Oil fell toward $47 a barrel — after posting a seventh weekly gain — on concern a mutation of Covid-19 discovered in the U.K. could speed transmission of the virus Continue Reading
Methane emissions, especially those from the oil and gas industry, are becoming the new focus of attention for regulators and environmentalists. Tracking and measuring carbon dioxide emissions is now standard Continue Reading
Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever Continue Reading
Climate change is opening up new habitats to old pests, transforming them from a mere nuisance into a growing menace and placing unprecedented threats on the global food supply. Here are six bugs Continue Reading
The OPEC+ group may prolong its current strategy to manage oil markets until the end of 2022 in order to keep speculators “on their toes”, Saudi energy minister Prince Abdulaziz Continue Reading
OPEC+ will react faster to changes and take a more hands-on approach with the oil market, thanks to its accelerated schedule of monthly meetings, according to Russia and Saudi Arabia, Continue Reading
In the last decade, the humble Strait of Hormuz has seen a fifth of the world’s oil supply, a third of all liquefied natural gas (LNG), and a third of Continue Reading
Algeria’s oil and gas production in 2020 will total 143 million tons of oil equivalent, a decline of 8% from 2019, due the pandemic and slow economic growth, energy minister Continue Reading
Iraq devalued its currency by almost 20% against the dollar, the most on record, as the cash-strapped government faces an economic crisis brought about by low crude prices and oil-production Continue Reading
Increase in prices of petroleum products would sabotage Prime Minister Imran Khan’s vision of lowering input cost, industry representatives said on Saturday. Further, the industry in Karachi said gas shortages Continue Reading
India, the world’s third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-growing fuel demand markets in November, lending support to oil Continue Reading
The last year has been rough for Colombia’s economically vital petroleum industry. Toward the end of 2019 and at the start of 2020 government and industry bodies were expecting a Continue Reading
A rally in Chinese corn prices is spurring the government to action, which includes taking an unusual step of bolstering supply at a time when sales from farmers are poised Continue Reading
Seafarers stuck for months on vessels carrying Australian coal off China’s coast are trapped between authorities who won’t let them unload their cargoes and buyers who won’t let them leave. Continue Reading
While parts of the northeastern United States were getting buried by more than three feet (or around a meter) of snow this week, the high terrain of Japan dealt with about Continue Reading
China’s top planning body vowed to maintain economic stability and prevent risks in 2021, while enhancing internal demand to create a robust domestic market. The National Development and Reform Commission Continue Reading
The Trump administration is rushing to approve a final wave of large-scale mining and energy projects on federal lands, encouraged by investors who want to try to ensure the projects Continue Reading
President-elect Joe Biden President-elect Joe Biden introduced on Saturday key members of the team he is assembling to fulfill his pledge to combat climate change, calling them brilliant and qualified. Continue Reading
More than 1 million people have passed through U.S. airport security checkpoints in each of the past two days in a sign that public health pleas to avoid holiday travel Continue Reading
Things may be looking up for Canadian oil, but improving on something as dismal as the condition of our northern neighbors’ oil sector doesn’t necessarily mean they’ll be going gangbusters–it Continue Reading
Climate change is risky business. President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about U.S. leadership. But the action will merely Continue Reading
WILMINGTON, Del. (Reuters) -President-elect Joe Biden introduced his climate and energy team on Saturday, a history-making group that will seek to advance an ambitious climate agenda that reverses many Trump Continue Reading
The Netherlands is banning flights from the U.K. for at least the rest of the year in an attempt to make sure that a new strain of coronavirus that is Continue Reading
A growing list of European Union nations were banning travel from the U.K. on Sunday and others were considering similar action, in a bid to block a new strain of Continue Reading
With yet another Brexit deadline disappearing in the rearview mirror, a breakthrough on fishing rights remained elusive for the European Union and Britain on Sunday — leaving both without a Continue Reading
The highly infectious variant of coronavirus that has emerged in south-east England is spreading rapidly to the rest of the UK and is already present elsewhere in the world, scientists Continue Reading
Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend Continue Reading
All of the EU’s member states but two have failed to show how they will slash air pollution to comply with the emissions limits set out in the EU’s National Continue Reading
Leading fertilizer company Yara plans to electrify fully its ammonia plant in Porsgrunn, Norway with the potential to cut 800,000 tonnes of CO 2 per year, equivalent to the emissions Continue Reading
Bremen’s public transport provider Bremer Straßenbahn AG (BSAG) has ordered five new Mercedes-Benz eCitaro electric buses equipped with solid-state batteries. Delivery of the locally emission-free eCitaro buses will take place Continue Reading
Britain insisted on Sunday that the European Union should shift position to open the way to a post-Brexit trade pact, drawing a swift response from the bloc’s negotiator defending the Continue Reading
Investors expecting an end-of-year rebound in the oil and gas industry could be in for a disappointment, if figures published by Royal Dutch Shell Plc are any indication. The Anglo-Dutch energy giant Continue Reading
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market. The European Commission, which wants to steer investors to socially and environmentally sustainable Continue Reading
A flurry of European travel restrictions announced Sunday over worries about a fast-spreading new variant of the coronavirus have spurred curiosity and concern that the mutation could infect Americans. After officials in the Continue Reading
Oil rose for a seventh straight week as efforts to pass another U.S. virus relief package added to optimism that the vaccine’s rollout will provide a long-awaited boost to demand. Continue Reading
Crude futures settled at fresh nine-month highs Dec. 18 as the US moved closer to greenlighting a second COVID-19 vaccine. NYMEX January WTI settled 70 cents higher at $49.24/b, and Continue Reading
Optimism about COVID-19 vaccines is driving oil prices higher and energy stocks are now on course to see their largest quarterly gain since 1989 For Global Energy Alert members there Continue Reading
Oil settled up at a nine-month high on Friday, rounding out seven straight weeks of gains as investors focused on the rollout of COVID-19 vaccines and a decline this week Continue Reading
Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week as lower-than-normal temperatures in key LNG importers and continued growth in China’s industrial Continue Reading
Coal consumption is set for a rebound of 2.6 percent next year as the world’s heavy industry emerges from the pandemic crisis, the International Energy Agency said in its latest Continue Reading
COVID Market Update Despite the vaccine optimism prevalent in the market that has successfully boosted oil prices to February levels, the oil market is still in trouble. OPEC has once Continue Reading
Better days may be ahead for energy companies after a busy year of bankruptcies, with the coronavirus pandemic culling the weakest borrowers and investors pricing in a sharp economic recovery Continue Reading
Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of Continue Reading
Libya’s crude oil production continues to increase as one of its companies has nearly doubled its output to 100,000 barrels per day (bpd) compared to production levels before the blockade Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 263. The total number of active oil and gas rigs increased Continue Reading
Iraq is moving forward with plans to devalue its currency by nearly 23 percent in response to a dire financial crisis — an extreme policy measure that will not come Continue Reading
Nigeria’s commercial capital, Lagos, ordered schools to shut indefinitely, banned concerts, carnivals and street parties and ordered certain civil servants to work from home amid a spike in new cases Continue Reading
India exceeded 10 million infections of the new coronavirus on Saturday, much later than predicted only a month ago as the pace of infections slows, despite many in the country Continue Reading
China’s largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, Argus reported on Friday, citing Sinopec’s Continue Reading
