Oil Market Hopeful As Vaccinations Begin
Gasoline demand hit a 20 year low over the Thanksgiving holiday, down 8.4% from the week before and the decline is showing no sign of shopping Chart of the Week Continue Reading
Shift to a Not-So-Frozen North Is Well Underway, Scientists Warn
An animation showing the extent of Arctic sea ice from this year’s maximum, on March 5, to this year’s minimum, on Sept. 15, with the 30-year average minimum in yellow. Continue Reading
Heat Records, Oxygen on Everest, and More Climate Science During the Pandemic
No matter how often we hit one, a global temperature record never gets less shocking. Nineteen of the 20 hottest years on record have occurred in this century—which is only 20 Continue Reading
China Set to Bail Out Iraq With Multibillion-Dollar Oil Deal
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil Continue Reading
Finding A Way Around The World’s Largest Oil Chokepoint
Oil is sometimes referred to as ‘black gold’. The discovery and export of fossil fuels have led to tremendous wealth creation for certain countries. In this sense, no region in 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
Oil Rises After Attack on Small Oil Fields Near Iraq’s Kirkuk –
Oil rallied after attacks on small oil fields in Iraq reminded the market that the country’s security challenges haven’t yet gone away. Brent futures rose as much as 1.5%, reversing an Continue Reading
Pemex considering exploring unconventional resources in case of policy shift
Mexico’s Pemex is considering exploring the Tampico-Misantla basin where there are vast untapped unconventional resources, in case the country were to change its current energy policy that neglects them. Receive Continue Reading
Asia Free Trade Deal Widens Oil Supply Channels To China
The Regional Comprehensive Economic Partnership that 15 Asian nations signed last month will place South Korea and Japan in a more favorable position as oil product suppliers to China, Bloomberg Continue Reading
China’s Oil Buying Spree Is Slowing
China’s record-high imports from earlier this year continued to slow down last month along with other commodity imports, as demand growth slackens. The average amount of oil China imported in Continue Reading